Legal & General Group Plc acquired a new stake in shares of e.l.f. Beauty (NYSE:ELF – Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 76,811 shares of the company’s stock, valued at approximately $5,684,000. Legal & General Group Plc owned 0.13% of e.l.f. Beauty at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of ELF. Northwestern Mutual Wealth Management Co. boosted its stake in shares of e.l.f. Beauty by 58.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company’s stock valued at $39,000 after purchasing an additional 117 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in e.l.f. Beauty by 97.0% in the second 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 boosted its position in e.l.f. Beauty by 13.4% during 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 grew its holdings 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 acquiring an additional 144 shares during the period. Finally, California State Teachers Retirement System grew its holdings 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 worth $6,478,000 after acquiring an additional 152 shares during the period. 92.44% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research analysts have recently commented on the company. Raymond James Financial raised their target price on 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. UBS Group increased their price objective on e.l.f. Beauty from $80.00 to $89.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Sanford C. Bernstein upped their target price on shares of e.l.f. Beauty from $113.00 to $121.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. Jefferies Financial Group increased their price target on shares of e.l.f. Beauty from $72.00 to $100.00 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. Finally, Robert W. Baird set a $105.00 price objective on shares of e.l.f. Beauty in a research note on Thursday, August 6th. Two 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $92.12.
Insider Activity at e.l.f. Beauty
In related news, Director Lauren Levitan sold 1,034 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $93.15, for a total transaction of $96,317.10. Following the sale, the director directly owned 10,516 shares of the company’s stock, valued at $979,565.40. This trade represents a 8.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Tarang Amin sold 50,164 shares of e.l.f. Beauty stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $78.24, for a total value of $3,924,831.36. Following the completion of the sale, the chief executive officer owned 110,496 shares of the company’s stock, valued at $8,645,207.04. The trade was a 31.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 120,656 shares of company stock valued at $9,365,864 over the last three months. 3.50% of the stock is owned by insiders.
e.l.f. Beauty Trading Down 0.1%
NYSE:ELF opened at $107.30 on Friday. The stock has a market cap of $6.33 billion, a price-to-earnings ratio of 107.30, a PEG ratio of 3.34 and a beta of 1.60. 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 company’s 50 day moving average price is $87.09 and its 200-day moving average price is $73.85. e.l.f. Beauty has a 52 week low of $48.82 and a 52 week high of $150.99.
e.l.f. Beauty (NYSE:ELF – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $1.04. The business had revenue of $479.37 million for the quarter, compared to analysts’ expectations of $431.20 million. e.l.f. Beauty had a return on equity of 14.07% and a net margin of 3.38%.The firm’s quarterly revenue was up 35.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.89 EPS. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. On average, equities research analysts forecast that e.l.f. Beauty will post 2.64 earnings per share for the current fiscal year.
e.l.f. Beauty 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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