Capital World Investors raised its stake in e.l.f. Beauty (NYSE:ELF – Free Report) by 40.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 929,632 shares of the company’s stock after buying an additional 267,696 shares during the period. Capital World Investors’ holdings in e.l.f. Beauty were worth $70,689,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the stock. Capital Research Global Investors increased its holdings in shares of e.l.f. Beauty by 40.2% in the 4th quarter. Capital Research Global Investors now owns 766,072 shares of the company’s stock worth $58,252,000 after buying an additional 219,840 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of e.l.f. Beauty by 43.6% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 73,811 shares of the company’s stock worth $5,613,000 after buying an additional 22,405 shares during the last quarter. Vise Technologies Inc. bought a new position in shares of e.l.f. Beauty during the 4th quarter valued at $270,000. Bank of New York Mellon Corp grew its holdings in shares of e.l.f. Beauty by 0.9% during the 4th quarter. Bank of New York Mellon Corp now owns 373,167 shares of the company’s stock valued at $28,376,000 after purchasing an additional 3,474 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of e.l.f. Beauty by 90.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 529,573 shares of the company’s stock valued at $40,269,000 after purchasing an additional 251,463 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms recently commented on ELF. Evercore began coverage on shares of e.l.f. Beauty in a report on Thursday, April 2nd. They set an “inline” rating and a $68.00 target price on the stock. UBS Group set a $80.00 target price on shares of e.l.f. Beauty in a report on Thursday, May 21st. Citigroup reduced their target price on shares of e.l.f. Beauty from $115.00 to $87.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. Canaccord Genuity Group reduced their target price on shares of e.l.f. Beauty from $100.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Finally, Jefferies Financial Group reduced their target price on shares of e.l.f. Beauty from $85.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $79.60.
e.l.f. Beauty Trading Up 6.5%
Shares of ELF opened at $55.70 on Wednesday. The stock has a market capitalization of $3.31 billion, a P/E ratio of 121.10, a PEG ratio of 2.15 and a beta of 1.63. 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 fifty day simple moving average of $59.48 and a two-hundred day simple moving average of $73.07. e.l.f. Beauty has a twelve month low of $48.82 and a twelve month high of $150.99.
e.l.f. Beauty (NYSE:ELF – Get Free Report) last announced its quarterly earnings results on Wednesday, May 20th. The company reported $0.32 earnings per share 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 analysts’ expectations of $423.06 million. e.l.f. Beauty had a net margin of 1.61% and a return on equity of 11.02%. The firm’s revenue for the quarter was up 35.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.78 EPS. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. On average, research analysts anticipate that e.l.f. Beauty will post 2.41 EPS for the current year.
Insider Buying and Selling at e.l.f. Beauty
In other e.l.f. Beauty news, CEO Tarang Amin sold 41,520 shares of the stock in a transaction on Monday, April 27th. The shares were sold at an average price of $63.66, for a total transaction of $2,643,163.20. Following the completion of the sale, the chief executive officer owned 112,690 shares of the company’s stock, valued at $7,173,845.40. This represents a 26.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Joshua Allen Franks sold 6,854 shares of the stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $51.94, for a total transaction of $355,996.76. Following the sale, the senior vice president directly owned 153,532 shares of the company’s stock, valued at $7,974,452.08. The trade was a 4.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 235,649 shares of company stock worth $14,647,024 over the last ninety days. 3.90% of the stock is owned by company insiders.
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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