The Manufacturers Life Insurance Company Purchases Shares of 41,120 e.l.f. Beauty $ELF

The Manufacturers Life Insurance Company purchased a new position in shares of e.l.f. Beauty (NYSE:ELF) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 41,120 shares of the company’s stock, valued at approximately $3,043,000. The Manufacturers Life Insurance Company owned about 0.07% of e.l.f. Beauty as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in ELF. BNP Paribas Financial Markets raised its position in e.l.f. Beauty by 3,131.7% during 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 in the last quarter. Vanguard Group Inc. grew its position in shares of 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 acquiring an additional 140,258 shares during the period. Norges Bank bought a new position in shares of e.l.f. Beauty in the 4th quarter valued at about $38,895,000. Delta Global Management LP acquired a new position in shares of e.l.f. Beauty during the 1st quarter worth about $1,227,000. Finally, Aurora Investment Counsel acquired a new position in shares of e.l.f. Beauty during the 2nd quarter worth about $2,868,000. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Stock Down 3.2%

Shares of ELF opened at $105.59 on Wednesday. e.l.f. Beauty has a 52 week low of $48.82 and a 52 week high of $150.99. The firm has a market cap of $6.23 billion, a P/E ratio of 105.59, a price-to-earnings-growth ratio of 3.39 and a beta of 1.58. The firm’s 50-day simple moving average is $85.39 and its 200 day simple moving average is $73.43. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.82 and a current ratio of 2.55.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $1.04. e.l.f. Beauty had a net margin of 3.38% and a return on equity of 14.07%. The firm had revenue of $479.37 million during the quarter, compared to the consensus estimate of $431.20 million. During the same period last year, the business posted $0.89 earnings per share. The business’s revenue for the quarter was up 35.5% compared to the same quarter last year. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. On average, analysts forecast that e.l.f. Beauty will post 2.64 earnings per share for the current year.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 50,164 shares of the company’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $78.24, for a total value of $3,924,831.36. Following the transaction, the chief executive officer directly owned 110,496 shares of the company’s stock, valued at $8,645,207.04. This represents a 31.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jennifer Catherine Hartnett sold 25,357 shares of the company’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $80.00, for a total value of $2,028,560.00. Following the completion of the transaction, the insider directly owned 28,699 shares in the company, valued at approximately $2,295,920. This represents a 46.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 140,780 shares of company stock valued at $10,091,078 in the last 90 days. Corporate insiders own 3.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ELF. Jefferies Financial Group raised their target price on shares of e.l.f. Beauty from $72.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th. Piper Sandler upped their price objective on e.l.f. Beauty from $50.00 to $65.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Citigroup raised their price objective on e.l.f. Beauty from $87.00 to $92.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. TD Cowen lifted their target price on e.l.f. Beauty from $85.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Finally, Raymond James Financial boosted their target price on e.l.f. Beauty from $85.00 to $87.00 and gave the stock a “strong-buy” rating in a report on Tuesday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, e.l.f. Beauty has a consensus rating of “Moderate Buy” and an average target price of $92.12.

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.