e.l.f. Beauty $ELF Shares Bought by Mackenzie Financial Corp

Mackenzie Financial Corp grew its position in shares of e.l.f. Beauty (NYSE:ELF) by 11.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 957,941 shares of the company’s stock after buying an additional 95,270 shares during the quarter. Mackenzie Financial Corp’s holdings in e.l.f. Beauty were worth $119,206,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Louisiana State Employees Retirement System boosted its position in shares of e.l.f. Beauty by 0.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 15,900 shares of the company’s stock valued at $1,979,000 after purchasing an additional 100 shares during the period. Securian Asset Management Inc. lifted its stake in e.l.f. Beauty by 2.4% in the second quarter. Securian Asset Management Inc. now owns 4,327 shares of the company’s stock valued at $538,000 after buying an additional 100 shares during the last quarter. State of Michigan Retirement System lifted its stake in e.l.f. Beauty by 0.7% in the second quarter. State of Michigan Retirement System now owns 13,600 shares of the company’s stock valued at $1,692,000 after buying an additional 100 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of e.l.f. Beauty by 11.8% in the second quarter. Farther Finance Advisors LLC now owns 993 shares of the company’s stock valued at $124,000 after acquiring an additional 105 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of e.l.f. Beauty by 58.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company’s stock worth $39,000 after acquiring an additional 117 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 1.0%

ELF stock opened at $76.01 on Friday. e.l.f. Beauty has a one year low of $49.40 and a one year high of $150.99. The stock has a market capitalization of $4.53 billion, a PE ratio of 53.53, a price-to-earnings-growth ratio of 6.58 and a beta of 1.61. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.76 and a current ratio of 2.70. The company has a fifty day moving average of $111.50 and a 200-day moving average of $115.31.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.11. The business had revenue of $343.94 million for the quarter, compared to analyst estimates of $367.89 million. e.l.f. Beauty had a net margin of 5.90% and a return on equity of 13.77%. The business’s revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.77 earnings per share. e.l.f. Beauty has set its FY 2026 guidance at 2.800-2.850 EPS. As a group, analysts expect that e.l.f. Beauty will post 2.38 EPS for the current year.

Insider Buying and Selling at e.l.f. Beauty

In other news, insider Kory Marchisotto sold 13,515 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $140.10, for a total value of $1,893,451.50. Following the completion of the sale, the insider directly owned 144,788 shares of the company’s stock, valued at $20,284,798.80. This trade represents a 8.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Scott Milsten sold 55,581 shares of e.l.f. Beauty stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $134.56, for a total value of $7,478,979.36. Following the completion of the sale, the insider owned 112,406 shares in the company, valued at approximately $15,125,351.36. This trade represents a 33.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 296,430 shares of company stock worth $40,444,041. 3.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of e.l.f. Beauty from $168.00 to $137.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Jefferies Financial Group dropped their price objective on shares of e.l.f. Beauty from $150.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. Robert W. Baird reduced their target price on shares of e.l.f. Beauty from $145.00 to $125.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Canaccord Genuity Group lowered their price target on e.l.f. Beauty from $165.00 to $136.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. Finally, UBS Group dropped their price target on e.l.f. Beauty from $150.00 to $105.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $126.80.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.