511,501 Shares in e.l.f. Beauty $ELF Acquired by Norges Bank

Norges Bank bought a new position in e.l.f. Beauty (NYSE:ELF) during the 4th quarter, Holdings Channel.com reports. The fund bought 511,501 shares of the company’s stock, valued at approximately $38,895,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its position 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 purchasing an additional 128 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position 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 worth $39,000 after purchasing an additional 117 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in e.l.f. Beauty in the fourth quarter worth about $26,000. Johnson Financial Group Inc. purchased a new position in e.l.f. Beauty in the third quarter worth about $64,000. Finally, Rakuten Securities Inc. boosted its position in e.l.f. Beauty by 2,600.0% in the fourth quarter. Rakuten Securities Inc. now owns 648 shares of the company’s stock worth $49,000 after purchasing an additional 624 shares during the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

e.l.f. Beauty Stock Up 5.7%

ELF opened at $52.38 on Tuesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.69 and a current ratio of 2.35. e.l.f. Beauty has a fifty-two week low of $48.82 and a fifty-two week high of $150.99. The firm’s fifty day moving average is $59.59 and its 200 day moving average is $73.18. The stock has a market cap of $3.11 billion, a price-to-earnings ratio of 113.87, a price-to-earnings-growth ratio of 2.04 and a beta of 1.64.

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 analysts’ consensus estimates of $0.29 by $0.03. e.l.f. Beauty had a net margin of 1.61% and a return on equity of 11.02%. The company had revenue of $449.29 million for the quarter, compared to analysts’ expectations of $423.06 million. During the same quarter in the previous year, the company earned $0.78 EPS. e.l.f. Beauty’s revenue for the quarter was up 35.1% on a year-over-year basis. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. On average, sell-side analysts forecast that e.l.f. Beauty will post 2.41 earnings per share for the current fiscal year.

Insider Activity at e.l.f. Beauty

In related news, SVP Joshua Allen Franks sold 23,535 shares of the business’s stock in a transaction that occurred on 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 transaction, the senior vice president directly owned 118,071 shares of the company’s stock, valued at approximately $7,516,399.86. The trade was a 16.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Scott Milsten sold 23,797 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The stock was 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 in the company, valued at approximately $7,317,080.40. This represents a 17.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 235,649 shares of company stock worth $14,647,024 in the last 90 days. Company insiders own 3.90% of the company’s stock.

Wall Street Analyst Weigh In

ELF has been the topic of several analyst reports. Raymond James Financial reiterated a “strong-buy” rating and set a $85.00 price target on shares of e.l.f. Beauty in a research note on Thursday, May 21st. Piper Sandler dropped their price target on shares of e.l.f. Beauty from $60.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, May 21st. Citigroup dropped their price target on shares of e.l.f. Beauty from $115.00 to $87.00 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. UBS Group set a $80.00 price objective on e.l.f. Beauty in a research report on Thursday, May 21st. Finally, Jefferies Financial Group lowered their price objective on e.l.f. Beauty from $85.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, e.l.f. Beauty currently has an average rating of “Moderate Buy” and a consensus target price of $79.60.

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.