Capital Research Global Investors Boosts Position in e.l.f. Beauty $ELF

Capital Research Global Investors lifted its stake in shares of e.l.f. Beauty (NYSE:ELF) by 40.2% during the 4th quarter, Holdings Channel reports. The fund owned 766,072 shares of the company’s stock after buying an additional 219,840 shares during the quarter. Capital Research Global Investors’ holdings in e.l.f. Beauty were worth $58,252,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. BNP Paribas Financial Markets raised its holdings in e.l.f. Beauty by 3,131.7% in the 4th quarter. BNP Paribas Financial Markets now owns 924,902 shares of the company’s stock valued at $70,330,000 after buying an additional 896,282 shares during the period. Swedbank AB raised its holdings in e.l.f. Beauty by 97.0% in the 4th quarter. Swedbank AB now owns 1,364,801 shares of the company’s stock valued at $103,779,000 after buying an additional 672,071 shares during the period. Norges Bank purchased a new stake in e.l.f. Beauty in the 4th quarter valued at about $38,895,000. Atreides Management LP purchased a new stake in e.l.f. Beauty in the 2nd quarter valued at about $61,479,000. Finally, Man Group plc purchased a new stake in e.l.f. Beauty in the 2nd quarter valued at about $52,316,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Insider Buying and Selling

In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 23,535 shares of e.l.f. Beauty stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $63.66, for a total value of $1,498,238.10. Following the completion of the transaction, the senior vice president directly owned 118,071 shares of the company’s stock, valued at $7,516,399.86. The trade was a 16.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Scott Milsten sold 23,797 shares of e.l.f. Beauty stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $63.66, for a total value of $1,514,917.02. Following the completion of the transaction, the insider directly owned 114,940 shares of the company’s stock, valued at approximately $7,317,080.40. This represents a 17.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 235,649 shares of company stock worth $14,647,024 over the last 90 days. 3.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Weiss Ratings lowered shares of e.l.f. Beauty from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, June 4th. Deutsche Bank Aktiengesellschaft set a $65.00 price objective on shares of e.l.f. Beauty in a report on Thursday, May 14th. B. Riley Financial reduced their price objective on shares of e.l.f. Beauty from $130.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, May 26th. JPMorgan Chase & Co. reduced their price objective on shares of e.l.f. Beauty from $85.00 to $80.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. Finally, Robert W. Baird reduced their price objective on shares of e.l.f. Beauty from $115.00 to $90.00 and set an “outperform” rating on the stock in a report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.60.

e.l.f. Beauty Stock Performance

NYSE ELF opened at $55.70 on Wednesday. The company has a market cap of $3.31 billion, a P/E ratio of 121.10, a P/E/G ratio of 2.15 and a beta of 1.63. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.35 and a quick ratio of 1.69. The stock has a 50-day moving average of $59.48 and a two-hundred day moving average of $73.07. e.l.f. Beauty has a 1-year low of $48.82 and a 1-year high of $150.99.

e.l.f. Beauty (NYSE:ELF) last released its 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 company had revenue of $449.29 million during the quarter, compared to the consensus estimate of $423.06 million. e.l.f. Beauty had a return on equity of 11.02% and a net margin of 1.61%.e.l.f. Beauty’s revenue was up 35.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.78 EPS. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. As a group, analysts anticipate that e.l.f. Beauty will post 2.41 EPS for the current year.

About e.l.f. Beauty

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.