PDT Partners LLC Buys Shares of 96,924 e.l.f. Beauty $ELF

PDT Partners LLC bought a new position in e.l.f. Beauty (NYSE:ELF) during the 2nd quarter, HoldingsChannel reports. The firm bought 96,924 shares of the company’s stock, valued at approximately $7,172,000.

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

e.l.f. Beauty Price Performance

Shares of NYSE ELF opened at $105.90 on Wednesday. The company has a fifty day moving average price of $81.10 and a 200 day moving average price of $72.39. The firm has a market cap of $6.25 billion, a PE ratio of 105.90, a PEG ratio of 3.29 and a beta of 1.58. The company has a current ratio of 2.55, a quick ratio of 1.82 and a debt-to-equity ratio of 0.69. e.l.f. Beauty has a 1-year low of $48.82 and a 1-year high of $150.99.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Wednesday, August 5th. The company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $1.04. The firm had revenue of $479.37 million for the quarter, compared to the consensus estimate of $431.20 million. e.l.f. Beauty had a return on equity of 14.07% and a net margin of 3.38%.The company’s revenue for the quarter was up 35.5% on a year-over-year basis. During the same quarter last year, the business posted $0.89 EPS. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. Research analysts predict that e.l.f. Beauty will post 2.64 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ELF shares. JPMorgan Chase & Co. lowered their price target on e.l.f. Beauty from $111.00 to $106.00 and set an “overweight” rating for the company in a report on Wednesday, August 19th. Weiss Ratings upgraded e.l.f. Beauty from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, July 30th. TD Cowen boosted their price objective on e.l.f. Beauty from $85.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Canaccord Genuity Group increased their target price on e.l.f. Beauty from $97.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. Finally, Raymond James Financial increased their target price 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. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $91.31.

Insider Buying and Selling at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 50,164 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $78.24, for a total value of $3,924,831.36. Following the sale, the chief executive officer owned 110,496 shares in the company, valued at approximately $8,645,207.04. The trade was a 31.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jennifer Catherine Hartnett sold 25,357 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $80.00, for a total value of $2,028,560.00. Following the transaction, the insider directly owned 28,699 shares of the company’s stock, valued at approximately $2,295,920. This trade represents a 46.91% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 140,780 shares of company stock valued at $10,091,078 in the last 90 days. 3.50% of the stock is currently owned by corporate insiders.

About e.l.f. Beauty

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.