Lisanti Capital Growth LLC Invests $5.60 Million in e.l.f. Beauty $ELF

Lisanti Capital Growth LLC bought a new position in e.l.f. Beauty (NYSE:ELF) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 45,000 shares of the company’s stock, valued at approximately $5,600,000. e.l.f. Beauty makes up 1.6% of Lisanti Capital Growth LLC’s portfolio, making the stock its 16th biggest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Aurora Investment Counsel bought a new stake in shares of e.l.f. Beauty during the 1st quarter worth $294,000. EFG Asset Management North America Corp. raised its stake in shares of e.l.f. Beauty by 69.6% during the second quarter. EFG Asset Management North America Corp. now owns 35,304 shares of the company’s stock worth $4,396,000 after acquiring an additional 14,492 shares in the last quarter. Quantitative Investment Management LLC bought a new stake in shares of e.l.f. Beauty in the 1st quarter worth approximately $3,916,000. American Assets Inc. purchased a new stake in shares of e.l.f. Beauty in the 1st quarter valued at $791,000. Finally, Federated Hermes Inc. grew its holdings in shares of e.l.f. Beauty by 2,527.5% during the 1st quarter. Federated Hermes Inc. now owns 149,926 shares of the company’s stock valued at $9,414,000 after purchasing an additional 144,220 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. B. Riley boosted their price target on shares of e.l.f. Beauty from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, September 10th. JPMorgan Chase & Co. decreased their price objective on e.l.f. Beauty from $168.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday. Canaccord Genuity Group reduced their price target on e.l.f. Beauty from $165.00 to $136.00 and set a “buy” rating on the stock in a research report on Thursday. Deutsche Bank Aktiengesellschaft cut shares of e.l.f. Beauty from a “buy” rating to a “hold” rating and raised their target price for the stock from $121.00 to $128.00 in a report on Tuesday, September 2nd. Finally, Cowen restated a “buy” rating on shares of e.l.f. Beauty in a research report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $126.80.

Insider Activity at e.l.f. Beauty

In related news, CEO Tarang Amin sold 116,315 shares of the business’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $132.24, for a total transaction of $15,381,495.60. Following the sale, the chief executive officer owned 81,818 shares of the company’s stock, valued at $10,819,612.32. The trade was a 58.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Scott Milsten sold 55,581 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $134.56, for a total transaction of $7,478,979.36. Following the transaction, the insider directly owned 112,406 shares of the company’s stock, valued at $15,125,351.36. This represents a 33.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 301,060 shares of company stock worth $40,994,733 over the last 90 days. 3.90% of the stock is currently owned by insiders.

e.l.f. Beauty Trading Down 3.8%

NYSE ELF opened at $73.62 on Friday. The firm has a market capitalization of $4.37 billion, a PE ratio of 51.85, a P/E/G ratio of 1.71 and a beta of 1.61. The stock’s 50 day moving average is $130.44 and its 200 day moving average is $114.46. e.l.f. Beauty has a twelve month low of $49.40 and a twelve month high of $150.99. The company has a quick ratio of 2.34, a current ratio of 2.70 and a debt-to-equity ratio of 0.73.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.57 by $0.11. e.l.f. Beauty had a return on equity of 13.77% and a net margin of 5.90%.The business had revenue of $343.94 million during the quarter, compared to analyst estimates of $367.89 million. During the same quarter last year, the firm posted $0.77 earnings per share. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. e.l.f. Beauty has set its FY 2026 guidance at 2.800-2.850 EPS. Research analysts forecast that e.l.f. Beauty will post 2.38 earnings per share for the current fiscal year.

e.l.f. Beauty Profile

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.