Geode Capital Management LLC Has $79.14 Million Stock Holdings in e.l.f. Beauty $ELF

Geode Capital Management LLC grew its holdings in e.l.f. Beauty (NYSE:ELF) by 2.1% during the 4th quarter, HoldingsChannel reports. The firm owned 1,040,518 shares of the company’s stock after purchasing an additional 21,016 shares during the quarter. Geode Capital Management LLC’s holdings in e.l.f. Beauty were worth $79,138,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of ELF. Royal Bank of Canada increased its stake in shares of e.l.f. Beauty by 9.9% in the 1st quarter. Royal Bank of Canada now owns 153,682 shares of the company’s stock valued at $9,650,000 after purchasing an additional 13,851 shares during the last quarter. Integrated Wealth Concepts LLC increased its stake in shares of e.l.f. Beauty by 168.6% in the 1st quarter. Integrated Wealth Concepts LLC now owns 6,483 shares of the company’s stock valued at $407,000 after purchasing an additional 4,069 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of e.l.f. Beauty by 176.4% in the 1st quarter. NewEdge Advisors LLC now owns 4,677 shares of the company’s stock valued at $294,000 after purchasing an additional 2,985 shares during the last quarter. United Services Automobile Association bought a new position in shares of e.l.f. Beauty in the 1st quarter valued at $240,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake 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 valued at $39,000 after purchasing an additional 117 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Citigroup decreased their price target on 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. Deutsche Bank Aktiengesellschaft set a $65.00 price objective on e.l.f. Beauty in a research report on Thursday, May 14th. Canaccord Genuity Group reduced their price objective on e.l.f. Beauty from $100.00 to $90.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Finally, Evercore initiated coverage on e.l.f. Beauty in a research report on Thursday, April 2nd. They set an “inline” rating and a $68.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $79.60.

e.l.f. Beauty Stock Up 0.2%

Shares of NYSE:ELF opened at $49.67 on Monday. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 107.97, a P/E/G ratio of 2.04 and a beta of 1.63. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.35 and a quick ratio of 1.69. The business’s 50-day moving average is $59.88 and its 200-day moving average is $73.33. e.l.f. Beauty has a 1 year low of $48.82 and a 1 year high of $150.99.

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. The company had revenue of $449.29 million for the quarter, compared to the consensus estimate of $423.06 million. e.l.f. Beauty had a return on equity of 11.02% and a net margin of 1.61%.The firm’s revenue was up 35.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.78 EPS. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. Equities research analysts predict that e.l.f. Beauty will post 2.41 earnings per share for the current year.

Trending Headlines about e.l.f. Beauty

Here are the key news stories impacting e.l.f. Beauty this week:

• Positive Sentiment: rhode, e.l.f. Beauty’s acquired beauty brand, announced a major global expansion into Mexico and seven additional European countries, which could support longer-term sales growth and brand visibility. Article Title
• Neutral Sentiment: e.l.f. Beauty is being highlighted as a trending stock by Zacks, keeping investor attention elevated, but the note does not include new fundamentals or a clear catalyst. Article Title
• Neutral Sentiment: The company also presented at a consumer conference, which may help maintain visibility with analysts and investors, but no major new guidance was provided in the transcript headline. Article Title
• Negative Sentiment: Multiple insiders sold shares on June 4, including Mandy J. Fields, Joshua Allen Franks, and Jennifer Catherine Hartnett, which can weigh on sentiment because investors often view clustered insider selling as a cautionary signal. Article Title Article Title Article Title
• Negative Sentiment: A law-firm notice questioning whether e.l.f. Beauty insiders breached fiduciary duties adds headline risk and may reinforce concerns around insider activity. Article Title
• Negative Sentiment: Recent commentary from The Motley Fool noted that the stock fell in May despite a strong report, suggesting investors remain worried about valuation and the outlook rather than just near-term results. Article Title

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

In related news, insider Kory Marchisotto sold 23,796 shares of the company’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 transaction of $1,514,853.36. Following the transaction, the insider directly owned 152,417 shares of the company’s stock, valued at approximately $9,702,866.22. This represents a 13.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tarang Amin sold 52,880 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $62.64, for a total value of $3,312,403.20. Following the transaction, the chief executive officer directly owned 98,416 shares in the company, valued at approximately $6,164,778.24. This trade represents a 34.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 235,649 shares of company stock worth $14,647,024 in the last quarter. Company insiders own 3.90% of the company’s stock.

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.