e.l.f. Beauty (NYSE:ELF) Short Interest Update

e.l.f. Beauty (NYSE:ELF) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 4,186,787 shares, a drop of 47.8% from the July 30th total of 8,016,841 shares. Approximately 7.4% of the company’s stock are short sold. Based on an average daily volume of 3,197,906 shares, the short-interest ratio is presently 1.3 days.

Insiders Place Their Bets

In other e.l.f. Beauty news, 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 transaction, the chief executive officer owned 110,496 shares of the company’s stock, valued at $8,645,207.04. This trade represents a 31.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Mandy J. Fields sold 8,464 shares of e.l.f. Beauty stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $51.94, for a total value of $439,620.16. Following the completion of the transaction, the insider owned 111,288 shares of the company’s stock, valued at approximately $5,780,298.72. The trade was a 7.07% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 140,780 shares of company stock valued at $10,091,078. 3.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On e.l.f. Beauty

Several large investors have recently made changes to their positions in ELF. Northwestern Mutual Wealth Management Co. boosted its stake in 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 buying an additional 117 shares in the last quarter. Greenwood Capital Associates LLC lifted its holdings in shares of e.l.f. Beauty by 2.4% during the second quarter. Greenwood Capital Associates LLC now owns 5,436 shares of the company’s stock valued at $402,000 after acquiring an additional 125 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of e.l.f. Beauty by 97.0% during the second quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company’s stock valued at $32,000 after acquiring an additional 128 shares during the period. Horizon Investments LLC grew its holdings in shares of e.l.f. Beauty by 13.4% in the 4th quarter. Horizon Investments LLC now owns 1,089 shares of the company’s stock worth $83,000 after purchasing an additional 129 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in shares of e.l.f. Beauty by 0.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 17,246 shares of the company’s stock worth $2,285,000 after purchasing an additional 144 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

e.l.f. Beauty Stock Performance

ELF stock traded down $1.97 during mid-day trading on Friday, reaching $104.20. The company had a trading volume of 1,242,952 shares, compared to its average volume of 2,440,358. e.l.f. Beauty has a one year low of $48.82 and a one year high of $150.99. The stock has a market capitalization of $6.15 billion, a P/E ratio of 104.20, a P/E/G ratio of 3.24 and a beta of 1.58. The company has a quick ratio of 1.82, a current ratio of 2.55 and a debt-to-equity ratio of 0.69. The stock’s 50-day simple moving average is $83.63 and its two-hundred day simple moving average is $72.98.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Wednesday, August 5th. The company reported $1.75 EPS for the quarter, topping the consensus estimate of $0.71 by $1.04. e.l.f. Beauty had a net margin of 3.38% and a return on equity of 14.07%. The business had revenue of $479.37 million during the quarter, compared to analyst estimates of $431.20 million. During the same quarter in the prior year, the firm earned $0.89 earnings per share. The company’s quarterly revenue was up 35.5% on a year-over-year basis. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. Research analysts anticipate that e.l.f. Beauty will post 2.64 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. TD Cowen lifted their price objective on shares of e.l.f. Beauty from $85.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Piper Sandler increased their target price on shares of e.l.f. Beauty from $50.00 to $65.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. JPMorgan Chase & Co. dropped their price objective on shares of e.l.f. Beauty from $111.00 to $106.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 19th. Raymond James Financial raised their target price on shares of e.l.f. Beauty from $85.00 to $87.00 and gave the stock a “strong-buy” rating in a report on Tuesday, July 14th. Finally, Canaccord Genuity Group lifted their target price on e.l.f. Beauty from $110.00 to $123.00 and gave the company a “buy” rating in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, e.l.f. Beauty has a consensus rating of “Moderate Buy” and a consensus target price of $92.12.

e.l.f. Beauty Company 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.