K.J. Harrison & Partners Inc Buys Shares of 10,000 e.l.f. Beauty $ELF

K.J. Harrison & Partners Inc purchased a new position in e.l.f. Beauty (NYSE:ELF) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 10,000 shares of the company’s stock, valued at approximately $740,000.

Several other large investors also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. raised its stake 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 acquiring an additional 117 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in e.l.f. Beauty by 97.0% during the second quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company’s stock worth $32,000 after purchasing an additional 128 shares during the period. Horizon Investments LLC grew 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 valued at $83,000 after purchasing an additional 129 shares during the last quarter. Public Employees Retirement System of Ohio grew 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 valued at $2,285,000 after purchasing an additional 144 shares during the last quarter. Finally, California State Teachers Retirement System raised its position in shares of 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 purchasing an additional 152 shares during the period. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Price Performance

Shares of e.l.f. Beauty stock opened at $93.45 on Tuesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.55 and a quick ratio of 1.82. e.l.f. Beauty has a fifty-two week low of $48.82 and a fifty-two week high of $150.99. The firm has a fifty day moving average price of $76.36 and a two-hundred day moving average price of $71.73. The company has a market cap of $5.51 billion, a PE ratio of 93.45, a price-to-earnings-growth ratio of 2.88 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 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $1.04. The company had revenue of $479.37 million during 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 quarterly revenue was up 35.5% on a year-over-year basis. During the same quarter last year, the company earned $0.89 EPS. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. Analysts expect that e.l.f. Beauty will post 2.61 EPS for the current year.

Wall Street Analyst Weigh In

ELF has been the subject of a number of analyst reports. Weiss Ratings upgraded shares of e.l.f. Beauty from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, July 30th. Robert W. Baird set a $105.00 target price on shares of e.l.f. Beauty in a research note on Thursday, August 6th. Jefferies Financial Group lifted their target price on shares of e.l.f. Beauty from $72.00 to $100.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. Canaccord Genuity Group boosted their target price on shares of e.l.f. Beauty from $90.00 to $97.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. Finally, Sanford C. Bernstein upped their price target on shares of e.l.f. Beauty from $113.00 to $121.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $90.81.

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 6,854 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $51.94, for a total value of $355,996.76. Following the sale, the senior vice president owned 153,532 shares of the company’s stock, valued at $7,974,452.08. The trade was a 4.27% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction of $3,924,831.36. Following the completion of the transaction, the chief executive officer owned 110,496 shares of the company’s stock, valued at approximately $8,645,207.04. This represents a 31.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 134,028 shares of company stock valued at $9,422,961 over the last 90 days. Corporate insiders own 3.50% of the company’s stock.

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.