Sei Investments Co. increased its holdings in shares of e.l.f. Beauty (NYSE:ELF – Free Report) by 75.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 98,566 shares of the company’s stock after purchasing an additional 42,363 shares during the period. Sei Investments Co.’s holdings in e.l.f. Beauty were worth $5,974,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its stake in e.l.f. Beauty by 58.5% in the second 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 during the period. EverSource Wealth Advisors LLC grew its position in shares of e.l.f. Beauty by 97.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company’s stock worth $32,000 after buying an additional 128 shares during the period. Horizon Investments LLC increased its stake 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 valued at $83,000 after acquiring an additional 129 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of e.l.f. Beauty by 0.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 17,246 shares of the company’s stock valued at $2,285,000 after acquiring an additional 144 shares in the last quarter. Finally, California State Teachers Retirement System lifted its position in shares of e.l.f. Beauty by 0.3% during the 2nd quarter. California State Teachers Retirement System now owns 52,055 shares of the company’s stock valued at $6,478,000 after acquiring an additional 152 shares during the period. 92.44% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on the stock. The Goldman Sachs Group reissued a “buy” rating and set a $95.00 target price on shares of e.l.f. Beauty in a research note on Monday, July 27th. Raymond James Financial lifted their price target on shares of e.l.f. Beauty from $85.00 to $87.00 and gave the company a “strong-buy” rating in a research note on Tuesday, July 14th. Morgan Stanley dropped their price objective on shares of e.l.f. Beauty from $67.00 to $59.00 and set an “equal weight” rating on the stock in a report on Thursday, May 21st. Citigroup increased their price objective on shares of e.l.f. Beauty from $87.00 to $92.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Finally, Weiss Ratings upgraded e.l.f. Beauty from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.75.
e.l.f. Beauty Price Performance
Shares of NYSE:ELF opened at $87.97 on Wednesday. e.l.f. Beauty has a twelve month low of $48.82 and a twelve month high of $150.99. The stock’s 50 day moving average is $69.22 and its 200-day moving average is $71.55. The company has a quick ratio of 1.69, a current ratio of 2.35 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $5.18 billion, a price-to-earnings ratio of 191.24, a PEG ratio of 3.23 and a beta of 1.58.
e.l.f. Beauty (NYSE:ELF – Get Free Report) last posted its quarterly earnings results on Wednesday, May 20th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.03. The business had revenue of $449.29 million during the quarter, compared to the consensus estimate of $423.06 million. e.l.f. Beauty had a net margin of 1.61% and a return on equity of 11.02%. e.l.f. Beauty’s revenue was up 35.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.78 EPS. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. Sell-side analysts forecast that e.l.f. Beauty will post 2.41 EPS for the current fiscal year.
Insider Transactions at e.l.f. Beauty
In other e.l.f. Beauty news, CEO Tarang Amin sold 50,164 shares of the firm’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $78.24, for a total value of $3,924,831.36. Following the transaction, the chief executive officer directly owned 110,496 shares of the company’s stock, valued at approximately $8,645,207.04. This trade represents a 31.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kory Marchisotto sold 4,352 shares of e.l.f. Beauty stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $51.53, for a total transaction of $224,258.56. Following the transaction, the insider owned 181,868 shares of the company’s stock, valued at $9,371,658.04. This represents a 2.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 121,855 shares of company stock valued at $8,351,493. Corporate insiders own 3.50% of the company’s stock.
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.
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