e.l.f. Beauty, Inc. (NYSE:ELF) Shares Acquired by Cynosure Group LLC
Cynosure Group LLC increased its stake in e.l.f. Beauty, Inc. (NYSE:ELF) by 159.9% in Q3, owning 9,663 shares valued at $1,054,000. Other hedge funds also acquired shares, with institutional investors holding 92.44% of the stock. Analysts have mixed ratings, with a consensus of "Moderate Buy" and an average target price of $24.53. CEO Tarang Amin sold 23,528 shares, reducing his ownership by 18.16%. e.l.f. Beauty's stock is currently down 4.3%, with a market cap of $1.00 billion and a PE ratio of 67.21.
Cynosure Group LLC lifted its holdings in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 159.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,663 shares of the company's stock after buying an additional 5,945 shares during the period. Cynosure Group LLC's holdings in e.l.f. Beauty were worth $1,054,000 as of its most recent filing with the Securities and Exchange Commission.
Get e.l.f. Beauty alerts:
- MarketBeat Week in Review – 9/16 - 9/20
A number of other hedge funds also recently bought and sold shares of the business. Ashton Thomas Private Wealth LLC purchased a new stake in shares of e.l.f. Beauty in the second quarter valued at about $26,000. Matrix Trust Co acquired a new stake in shares of e.l.f. Beauty during the 2nd quarter worth about $27,000. Innealta Capital LLC purchased a new stake in e.l.f. Beauty in the 2nd quarter valued at about $30,000. Whittier Trust Co. of Nevada Inc. lifted its position in e.l.f. Beauty by 405.9% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company's stock valued at $36,000 after buying an additional 138 shares during the last quarter. Finally, Crewe Advisors LLC boosted its stake in e.l.f. Beauty by 456.3% during the second quarter. Crewe Advisors LLC now owns 178 shares of the company's stock worth $38,000 after buying an additional 146 shares during the period. Institutional investors and hedge funds own 92.44% of the company's stock.
Wall Street Analyst Weigh In
ELF has been the subject of a number of research reports. Canaccord Genuity Group dropped their price objective on e.l.f. Beauty from $250.00 to $200.00 and set a "buy" rating for the company in a research note on Thursday, November 7th. JPMorgan Chase & Co. dropped their price objective on shares of e.l.f. Beauty from $167.00 to $154.00 and set an "overweight" rating for the company in a report on Thursday, November 7th. Morgan Stanley cut their target price on shares of e.l.f. Beauty from $184.00 to $139.00 and set an "equal weight" rating on the stock in a research note on Monday, September 30th. DA Davidson restated a "buy" rating and issued a $170.00 price target on shares of e.l.f. Beauty in a research note on Monday. Finally, UBS Group lowered their target price on e.l.f. Beauty from $250.00 to $230.00 and set a "buy" rating for the company in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $173.53.
- e.l.f. Beauty: The High-Growth Stock You Shouldn't Ignore
Read Our Latest Report on ELF
Insider Buying and Selling at e.l.f. Beauty
In related news, CEO Tarang Amin sold 23,528 shares of the company's stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $136.45, for a total transaction of $3,210,395.60. Following the completion of the transaction, the chief executive officer now owns 106,016 shares of the company's stock, valued at approximately $14,465,883.20. This represents a 18.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.50% of the stock is currently owned by insiders.
e.l.f. Beauty Stock Down 4.3 %
- Ross Stores Investors Win Big as Off-Price Retailers Outperform
Shares of NYSE ELF opened at $124.34 on Wednesday. The firm's 50-day moving average is $112.82 and its two-hundred day moving average is $152.11. The company has a market capitalization of $7.00 billion, a PE ratio of 67.21, a price-to-earnings-growth ratio of 2.85 and a beta of 1.44. e.l.f. Beauty, Inc. has a 12-month low of $98.50 and a 12-month high of $221.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01.
e.l.f. Beauty (NYSE:ELF - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.34. The business had revenue of $301.10 million for the quarter, compared to the consensus estimate of $289.43 million. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The business's revenue was up 39.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.66 earnings per share. Equities analysts anticipate that e.l.f. Beauty, Inc. will post 2.8 EPS for the current fiscal year.
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.
Recommended Stories
- Five stocks we like better than e.l.f. Beauty
- How to Invest in Insurance Companies: A Guide
- 2 Essential Data Center Solutions Providers Riding the AI Boom
- 3 REITs to Buy and Hold for the Long Term
- Holiday Cheer or Market Fear: Navigating the Year-End Rally
- How to Find Undervalued Stocks
- Gold vs. Silver: Profit Opportunities in the Widening Spread
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
→ 2025 AI Stock Picks: 2 Hidden Gems Under $10/Share (From Darwin) (Ad)
Should you invest $1,000 in e.l.f. Beauty right now?
Before you consider e.l.f. Beauty, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and e.l.f. Beauty wasn't on the list.
While e.l.f. Beauty currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
