295 Shares in e.l.f. Beauty, Inc. (NYSE:ELF) Acquired by Cerity Partners LLC

Posted by Defense World Staff on Sep 3rd, 2023

Cerity Partners LLC acquired a new position in e.l.f. Beauty, Inc. (NYSE:ELF – Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 295 shares of the company’s stock, valued at approximately $963,000.

Other hedge funds also recently added to or reduced their stakes in the company. Point72 Middle East FZE purchased a new position in e.l.f. Beauty in the 4th quarter worth approximately $28,000. CWM LLC raised its stake in e.l.f. Beauty by 89.7% during the 1st quarter. CWM LLC now owns 385 shares of the company’s stock valued at $32,000 after buying an additional 182 shares during the last quarter. Covestor Ltd raised its stake in e.l.f. Beauty by 8,340.0% during the 1st quarter. Covestor Ltd now owns 1,266 shares of the company’s stock valued at $33,000 after buying an additional 1,251 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in e.l.f. Beauty during the 4th quarter valued at $46,000. Finally, Exchange Traded Concepts LLC purchased a new stake in e.l.f. Beauty during the 1st quarter valued at $51,000. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

e.l.f. Beauty Trading Down 1.3 %

Shares of e.l.f. Beauty stock opened at $136.97 on Friday. The company has a market capitalization of $7.46 billion, a P/E ratio of 77.38, a P/E/G ratio of 2.95 and a beta of 1.49. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.48 and a current ratio of 3.38. The company has a fifty day moving average of $120.36 and a 200 day moving average of $99.16. e.l.f. Beauty, Inc. has a fifty-two week low of $36.77 and a fifty-two week high of $139.85.

e.l.f. Beauty (NYSE:ELF – Get Free Report) last announced its quarterly earnings results on Tuesday, August 1st. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.49 by $0.51. The business had revenue of $216.34 million for the quarter, compared to analysts’ expectations of $184.92 million. e.l.f. Beauty had a net margin of 14.87% and a return on equity of 26.43%. On average, sell-side analysts anticipate that e.l.f. Beauty, Inc. will post 1.92 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on ELF. Morgan Stanley boosted their target price on shares of e.l.f. Beauty from $118.00 to $162.00 and gave the company an “overweight” rating in a research note on Wednesday, August 2nd. Piper Sandler boosted their price objective on shares of e.l.f. Beauty from $105.00 to $114.00 in a research report on Thursday, May 25th. Raymond James boosted their price objective on shares of e.l.f. Beauty from $125.00 to $145.00 and gave the company an “outperform” rating in a research report on Wednesday, August 2nd. DA Davidson boosted their price objective on shares of e.l.f. Beauty from $130.00 to $163.00 and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Finally, Stifel Nicolaus boosted their price objective on shares of e.l.f. Beauty from $107.00 to $127.00 and gave the company a “hold” rating in a research report on Wednesday, August 2nd. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $124.00.

Get Our Latest Stock Analysis on e.l.f. Beauty

Insiders Place Their Bets

In other e.l.f. Beauty news, insider Kory Marchisotto sold 15,020 shares of the business’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $131.93, for a total value of $1,981,588.60. Following the sale, the insider now owns 131,977 shares in the company, valued at approximately $17,411,725.61. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Scott Milsten sold 23,659 shares of the company’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $104.81, for a total transaction of $2,479,699.79. Following the sale, the insider now directly owns 79,104 shares in the company, valued at approximately $8,290,890.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kory Marchisotto sold 15,020 shares of the company’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $131.93, for a total transaction of $1,981,588.60. Following the sale, the insider now owns 131,977 shares in the company, valued at $17,411,725.61. The disclosure for this sale can be found here. Insiders have sold a total of 162,935 shares of company stock worth $19,157,331 in the last 90 days. 5.20% of the stock is currently owned by corporate insiders.

e.l.f. Beauty Profile

(Free Report)

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.