Delta Global Management LP Makes New Investment in e.l.f. Beauty $ELF

Delta Global Management LP bought a new position in e.l.f. Beauty (NYSE:ELF) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 20,243 shares of the company’s stock, valued at approximately $1,227,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in e.l.f. Beauty in the fourth quarter worth $26,000. Hilton Head Capital Partners LLC purchased a new stake in shares of e.l.f. Beauty in the 4th quarter worth about $32,000. EverSource Wealth Advisors LLC increased its stake in shares of e.l.f. Beauty by 97.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company’s stock worth $32,000 after acquiring an additional 128 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased 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 worth $39,000 after acquiring an additional 117 shares in the last quarter. Finally, Arax Advisory Partners purchased a new position in e.l.f. Beauty during the 4th quarter valued at about $41,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Price Performance

Shares of NYSE:ELF opened at $77.37 on Monday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.69 and a current ratio of 2.35. The firm has a market cap of $4.56 billion, a price-to-earnings ratio of 168.20, a price-to-earnings-growth ratio of 3.02 and a beta of 1.59. The business has a 50-day simple moving average of $64.94 and a two-hundred day simple moving average of $71.62. e.l.f. Beauty has a fifty-two week low of $48.82 and a fifty-two week high of $150.99.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Wednesday, May 20th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. The firm had revenue of $449.29 million during the quarter, compared to analyst estimates of $423.06 million. e.l.f. Beauty had a net margin of 1.61% and a return on equity of 11.02%. The business’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.78 earnings per share. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. On average, analysts expect that e.l.f. Beauty will post 2.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ELF shares. Canaccord Genuity Group upped their price objective on shares of e.l.f. Beauty from $90.00 to $97.00 and gave the stock a “buy” rating in a report on Friday, July 17th. Morgan Stanley cut their price target on e.l.f. Beauty from $67.00 to $59.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 21st. JPMorgan Chase & Co. lifted their price objective on e.l.f. Beauty from $80.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Robert W. Baird dropped their target price on e.l.f. Beauty from $115.00 to $90.00 and set an “outperform” rating on the stock in a report on Tuesday, April 28th. Finally, TD Cowen reissued a “buy” rating and issued a $85.00 target price (up from $65.00) on shares of e.l.f. Beauty in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, e.l.f. Beauty currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.38.

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, insider Jennifer Catherine Hartnett sold 25,357 shares of the business’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $80.00, for a total transaction of $2,028,560.00. Following the completion of the sale, the insider directly owned 28,699 shares in the company, valued at $2,295,920. The trade was a 46.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Tarang Amin sold 50,164 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was 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 in the company, valued at $8,645,207.04. This trade represents a 31.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 121,855 shares of company stock worth $8,351,493. Company 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.