Burney Co. Takes $1.01 Million Position in e.l.f. Beauty $ELF

Burney Co. acquired a new position in shares of e.l.f. Beauty (NYSE:ELF) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 7,584 shares of the company’s stock, valued at approximately $1,005,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of ELF. CWM LLC lifted its position in e.l.f. Beauty by 3.4% in the third quarter. CWM LLC now owns 116,665 shares of the company’s stock valued at $15,456,000 after buying an additional 3,880 shares during the last quarter. Pacer Advisors Inc. purchased a new stake in shares of e.l.f. Beauty in the 3rd quarter valued at approximately $1,034,000. World Investment Advisors lifted its holdings in shares of e.l.f. Beauty by 25.9% in the 3rd quarter. World Investment Advisors now owns 2,740 shares of the company’s stock worth $363,000 after acquiring an additional 564 shares during the last quarter. Friedenthal Financial acquired a new position in shares of e.l.f. Beauty in the 3rd quarter worth approximately $965,000. Finally, Independence Bank of Kentucky boosted its position in shares of e.l.f. Beauty by 7.9% during the 3rd quarter. Independence Bank of Kentucky now owns 18,594 shares of the company’s stock worth $2,463,000 after purchasing an additional 1,360 shares during the period. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

e.l.f. Beauty Trading Up 0.9%

ELF opened at $80.49 on Monday. The business has a fifty day moving average price of $88.90 and a 200 day moving average price of $112.62. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.70 and a quick ratio of 1.76. e.l.f. Beauty has a 12 month low of $49.40 and a 12 month high of $150.99. The stock has a market capitalization of $4.80 billion, a price-to-earnings ratio of 56.68, a PEG ratio of 7.85 and a beta of 1.75.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $343.94 million for the quarter, compared to analyst estimates of $367.89 million. During the same quarter last year, the company earned $0.77 EPS. e.l.f. Beauty’s revenue for the quarter was up 14.2% compared to the same quarter last year. e.l.f. Beauty has set its FY 2026 guidance at 2.800-2.850 EPS. Sell-side analysts expect that e.l.f. Beauty will post 2.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on ELF. Canaccord Genuity Group cut their target price 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, November 6th. Deutsche Bank Aktiengesellschaft cut e.l.f. Beauty from a “buy” rating to a “hold” rating and lifted their price objective for the company from $121.00 to $128.00 in a research note on Tuesday, September 2nd. Wall Street Zen raised e.l.f. Beauty from a “sell” rating to a “hold” rating in a research note on Monday, December 22nd. Zacks Research cut e.l.f. Beauty from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 11th. Finally, Robert W. Baird cut their price target on shares of e.l.f. Beauty from $145.00 to $125.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $123.53.

Insider Buying and Selling

In other e.l.f. Beauty news, CEO Tarang Amin sold 116,315 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $132.24, for a total value of $15,381,495.60. Following the sale, the chief executive officer directly owned 81,818 shares of the company’s stock, valued at approximately $10,819,612.32. This represents a 58.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 3.90% of the stock is owned by company insiders.

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.