Swiss National Bank Grows Position in e.l.f. Beauty $ELF

Swiss National Bank grew its holdings in shares of e.l.f. Beauty (NYSE:ELF) by 5.4% in the first quarter, HoldingsChannel.com reports. The fund owned 117,900 shares of the company’s stock after purchasing an additional 6,000 shares during the period. Swiss National Bank’s holdings in e.l.f. Beauty were worth $7,146,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of ELF. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in e.l.f. Beauty in the fourth quarter valued at approximately $26,000. EverSource Wealth Advisors LLC grew its stake in e.l.f. Beauty by 97.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company’s stock worth $32,000 after buying an additional 128 shares in the last quarter. Hilton Head Capital Partners LLC purchased a new position in e.l.f. Beauty in the 4th quarter worth approximately $32,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of e.l.f. Beauty by 58.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company’s stock worth $39,000 after buying an additional 117 shares during the last quarter. Finally, Arax Advisory Partners bought a new position in shares of e.l.f. Beauty in the 4th quarter worth $41,000. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Trading Down 0.0%

ELF stock opened at $83.97 on Wednesday. The company has a market capitalization of $4.95 billion, a PE ratio of 182.55, a price-to-earnings-growth ratio of 3.28 and a beta of 1.59. 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 one year low of $48.82 and a one year high of $150.99. The company’s 50 day moving average price is $66.14 and its two-hundred day moving average price is $71.67.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Wednesday, May 20th. The company reported $0.32 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $423.06 million. During the same quarter in the prior year, the company earned $0.78 EPS. The firm’s revenue 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. As a group, analysts predict that e.l.f. Beauty will post 2.41 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Mandy J. Fields sold 4,327 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $51.53, for a total transaction of $222,970.31. Following the transaction, the insider directly owned 106,961 shares of the company’s stock, valued at approximately $5,511,700.33. This trade represents a 3.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kory Marchisotto sold 4,352 shares of e.l.f. Beauty stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $51.53, for a total value of $224,258.56. Following the completion of the transaction, the insider owned 181,868 shares in the company, valued at approximately $9,371,658.04. This represents a 2.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 121,855 shares of company stock valued at $8,351,493 over the last three months. 3.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ELF has been the topic of several research reports. Robert W. Baird lowered 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 research report on Tuesday, April 28th. B. Riley Financial reduced their target price on e.l.f. Beauty from $130.00 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, May 26th. Morgan Stanley lowered their price target 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. Weiss Ratings raised e.l.f. Beauty from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, June 18th. Finally, Sanford C. Bernstein began coverage on e.l.f. Beauty in a report on Thursday, June 11th. They issued a “market perform” rating and a $60.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, e.l.f. Beauty has an average rating of “Moderate Buy” and an average price target of $79.75.

e.l.f. Beauty Company 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.