White Knight Strategic Wealth Advisors LLC Takes $414,000 Position in e.l.f. Beauty $ELF

White Knight Strategic Wealth Advisors LLC purchased a new stake in e.l.f. Beauty (NYSE:ELF) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,590 shares of the company’s stock, valued at approximately $414,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its stake in e.l.f. Beauty by 58.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company’s stock valued at $39,000 after purchasing an additional 117 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of e.l.f. Beauty by 97.0% in the second quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company’s stock worth $32,000 after buying an additional 128 shares during the period. Horizon Investments LLC boosted its position in shares of e.l.f. Beauty by 13.4% in the fourth quarter. Horizon Investments LLC now owns 1,089 shares of the company’s stock worth $83,000 after buying an additional 129 shares during the period. Public Employees Retirement System of Ohio grew its holdings in shares of e.l.f. Beauty by 0.8% during the third quarter. Public Employees Retirement System of Ohio now owns 17,246 shares of the company’s stock valued at $2,285,000 after buying an additional 144 shares in the last quarter. Finally, California State Teachers Retirement System raised its position in e.l.f. Beauty by 0.3% during the second quarter. California State Teachers Retirement System now owns 52,055 shares of the company’s stock valued at $6,478,000 after buying an additional 152 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

Insider Transactions at e.l.f. Beauty

In other news, CEO Tarang Amin sold 50,164 shares of the stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $78.24, for a total value of $3,924,831.36. Following the completion of the transaction, the chief executive officer owned 110,496 shares in the company, valued at approximately $8,645,207.04. This represents a 31.22% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Joshua Allen Franks sold 6,854 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $51.94, for a total transaction of $355,996.76. Following the transaction, the senior vice president directly owned 153,532 shares of the company’s stock, valued at $7,974,452.08. The trade was a 4.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 140,780 shares of company stock valued at $10,091,078 over the last 90 days. Corporate insiders own 3.50% of the company’s stock.

e.l.f. Beauty Trading Up 4.0%

e.l.f. Beauty stock opened at $105.99 on Tuesday. The business has a 50 day moving average price of $80.32 and a two-hundred day moving average price of $72.24. The company has a quick ratio of 1.82, a current ratio of 2.55 and a debt-to-equity ratio of 0.69. e.l.f. Beauty has a 12 month low of $48.82 and a 12 month high of $150.99. The stock has a market cap of $6.25 billion, a price-to-earnings ratio of 105.99, a price-to-earnings-growth ratio of 3.17 and a beta of 1.58.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $0.71 by $1.04. The company had revenue of $479.37 million for the quarter, compared to analyst estimates of $431.20 million. e.l.f. Beauty had a return on equity of 14.07% and a net margin of 3.38%.e.l.f. Beauty’s revenue for the quarter was up 35.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.89 EPS. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. As a group, equities analysts forecast that e.l.f. Beauty will post 2.64 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ELF shares. Raymond James Financial increased their price objective on e.l.f. Beauty from $85.00 to $87.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, July 14th. Morgan Stanley lowered their target price on e.l.f. Beauty from $67.00 to $59.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 21st. The Goldman Sachs Group set a $100.00 price target on shares of e.l.f. Beauty in a research report on Thursday, August 6th. UBS Group boosted their price objective on shares of e.l.f. Beauty from $80.00 to $89.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Finally, Citigroup upped their price objective on shares of e.l.f. Beauty from $87.00 to $92.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $91.31.

e.l.f. Beauty Profile

e.l.f. Beauty (NYSE: ELF) is an American cosmetics company known for offering an extensive range of affordable, trend-driven makeup and skincare products. The company’s portfolio spans foundations, lipsticks, mascaras, brushes, serums, masks and other beauty essentials, all positioned at accessible price points. e.l.f. Beauty maintains a direct-to-consumer platform through its e-commerce site and engages in widespread retail partnerships with major chains such as Target, Walmart, Ulta Beauty and Amazon.

Founded in 2004 and headquartered in Oakland, California, e.l.f.