Petra Financial Advisors Inc. Invests $821,000 in e.l.f. Beauty $ELF

Petra Financial Advisors Inc. bought a new stake in e.l.f. Beauty (NYSE:ELF) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,198 shares of the company’s stock, valued at approximately $821,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Granite Investment Partners LLC bought a new position in shares of e.l.f. Beauty during the second quarter worth $20,778,000. EFG Asset Management North America Corp. increased its stake in e.l.f. Beauty by 69.6% during the second quarter. EFG Asset Management North America Corp. now owns 35,304 shares of the company’s stock worth $4,396,000 after acquiring an additional 14,492 shares during the last quarter. Tran Capital Management L.P. purchased a new stake in e.l.f. Beauty during the 3rd quarter valued at $7,436,000. WASHINGTON TRUST Co raised its stake in shares of e.l.f. Beauty by 20.6% in the second quarter. WASHINGTON TRUST Co now owns 131,863 shares of the company’s stock valued at $16,409,000 after acquiring an additional 22,480 shares during the period. Finally, Mackenzie Financial Corp lifted its stake in e.l.f. Beauty by 11.0% in the second quarter. Mackenzie Financial Corp now owns 957,941 shares of the company’s stock worth $119,206,000 after purchasing an additional 95,270 shares during the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on ELF shares. UBS Group boosted their target price on shares of e.l.f. Beauty from $98.00 to $102.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th. Robert W. Baird set a $115.00 price target on e.l.f. Beauty in a research report on Thursday, February 5th. Jefferies Financial Group initiated coverage on shares of e.l.f. Beauty in a report on Wednesday, January 14th. They issued a “buy” rating and a $110.00 price target on the stock. Morgan Stanley set a $121.00 price objective on shares of e.l.f. Beauty in a report on Thursday, November 6th. Finally, Citigroup lifted their price target on e.l.f. Beauty from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, e.l.f. Beauty presently has an average rating of “Moderate Buy” and a consensus price target of $119.13.

e.l.f. Beauty Trading Up 9.7%

e.l.f. Beauty stock opened at $81.55 on Monday. The firm has a market cap of $4.82 billion, a PE ratio of 46.07, a P/E/G ratio of 6.83 and a beta of 1.71. e.l.f. Beauty has a 12 month low of $49.40 and a 12 month high of $150.99. The stock’s 50 day simple moving average is $82.02 and its two-hundred day simple moving average is $103.49. The company has a current ratio of 2.76, a quick ratio of 1.89 and a debt-to-equity ratio of 0.70.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Wednesday, February 4th. The company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.52. e.l.f. Beauty had a net margin of 6.84% and a return on equity of 15.08%. The firm had revenue of $489.51 million during the quarter, compared to analysts’ expectations of $461.78 million. During the same period in the previous year, the business posted $0.74 EPS. The business’s revenue was up 37.8% compared to the same quarter last year. e.l.f. Beauty has set its FY 2026 guidance at 3.050-3.100 EPS. Analysts anticipate that e.l.f. Beauty will post 2.38 earnings per share for the current year.

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.