e.l.f. Beauty $ELF Shares Acquired by Strs Ohio

Strs Ohio lifted its stake in shares of e.l.f. Beauty (NYSE:ELF) by 162.4% in the first quarter, Holdings Channel reports. The firm owned 19,185 shares of the company’s stock after buying an additional 11,873 shares during the period. Strs Ohio’s holdings in e.l.f. Beauty were worth $1,163,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. BNP Paribas Financial Markets boosted its stake in shares of e.l.f. Beauty by 3,131.7% in the fourth quarter. BNP Paribas Financial Markets now owns 924,902 shares of the company’s stock worth $70,330,000 after acquiring an additional 896,282 shares during the last quarter. Vanguard Group Inc. raised its stake in e.l.f. Beauty by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 5,487,304 shares of the company’s stock valued at $417,255,000 after purchasing an additional 140,258 shares during the last quarter. Norges Bank purchased a new position in e.l.f. Beauty in the 4th quarter valued at $38,895,000. SG Americas Securities LLC lifted its holdings in e.l.f. Beauty by 1,967.8% in the 4th quarter. SG Americas Securities LLC now owns 155,253 shares of the company’s stock valued at $11,805,000 after purchasing an additional 147,745 shares in the last quarter. Finally, Jacobson & Schmitt Advisors LLC boosted its stake in e.l.f. Beauty by 34.5% during the 4th quarter. Jacobson & Schmitt Advisors LLC now owns 188,924 shares of the company’s stock worth $14,366,000 after purchasing an additional 48,504 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, insider Mandy J. Fields sold 4,327 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $51.53, for a total value of $222,970.31. Following the completion of the sale, the insider directly owned 106,961 shares of the company’s stock, valued at approximately $5,511,700.33. This represents a 3.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Tarang Amin sold 50,164 shares of e.l.f. Beauty stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $78.24, for a total transaction of $3,924,831.36. Following the completion of the transaction, the chief executive officer directly owned 110,496 shares in the company, valued at $8,645,207.04. This represents a 31.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 278,988 shares of company stock valued at $18,354,580 in the last quarter. 3.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Raymond James Financial reaffirmed a “strong-buy” rating and set a $85.00 price objective on shares of e.l.f. Beauty in a research note on Thursday, May 21st. Citigroup lowered their target price on 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. JPMorgan Chase & Co. cut their price target on e.l.f. Beauty from $85.00 to $80.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. Morgan Stanley reduced their price objective on e.l.f. Beauty from $67.00 to $59.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 21st. Finally, Robert W. Baird dropped their target price on e.l.f. Beauty from $115.00 to $90.00 and set an “outperform” rating for the company in a report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $78.31.

e.l.f. Beauty Stock Performance

Shares of ELF stock opened at $75.31 on Wednesday. The company has a market cap of $4.48 billion, a P/E ratio of 163.73, a PEG ratio of 2.86 and a beta of 1.59. The firm has a fifty day moving average price of $60.59 and a 200 day moving average price of $71.83. The company has a current ratio of 2.35, a quick ratio of 1.69 and a debt-to-equity ratio of 0.72. e.l.f. Beauty has a 12 month low of $48.82 and a 12 month high of $150.99.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Wednesday, May 20th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. e.l.f. Beauty had a return on equity of 11.02% and a net margin of 1.61%.The business 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 firm earned $0.78 earnings per share. The business’s revenue was up 35.1% compared to the same quarter last year. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. Sell-side analysts predict that e.l.f. Beauty will post 2.42 earnings per share for the current fiscal 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.