Mitsubishi UFJ Asset Management Co. Ltd. Sells 2,080 Shares of e.l.f. Beauty $ELF

Mitsubishi UFJ Asset Management Co. Ltd. lowered its stake in e.l.f. Beauty (NYSE:ELF) by 5.1% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 38,333 shares of the company’s stock after selling 2,080 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in e.l.f. Beauty were worth $4,770,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Larson Financial Group LLC grew its position in e.l.f. Beauty by 56.5% during the 1st quarter. Larson Financial Group LLC now owns 676 shares of the company’s stock worth $42,000 after acquiring an additional 244 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of e.l.f. Beauty by 577.7% during the first quarter. Smartleaf Asset Management LLC now owns 759 shares of the company’s stock valued at $49,000 after purchasing an additional 647 shares during the period. Huntington National Bank grew its holdings in shares of e.l.f. Beauty by 133.3% in the second quarter. Huntington National Bank now owns 427 shares of the company’s stock worth $53,000 after purchasing an additional 244 shares during the last quarter. Signaturefd LLC increased its stake in shares of e.l.f. Beauty by 27.9% in the first quarter. Signaturefd LLC now owns 858 shares of the company’s stock worth $54,000 after buying an additional 187 shares during the period. Finally, Brooklyn Investment Group raised its holdings in e.l.f. Beauty by 6,242.9% during the 1st quarter. Brooklyn Investment Group now owns 888 shares of the company’s stock valued at $56,000 after buying an additional 874 shares during the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

e.l.f. Beauty Stock Down 4.5%

Shares of NYSE:ELF opened at $74.28 on Friday. e.l.f. Beauty has a 52-week low of $49.40 and a 52-week high of $150.99. The firm has a market capitalization of $4.43 billion, a P/E ratio of 52.31, a P/E/G ratio of 6.71 and a beta of 1.61. The stock has a 50 day moving average price of $126.34 and a 200-day moving average price of $114.57. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.76 and a current ratio of 2.70.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.11. The company had revenue of $343.94 million for the quarter, compared to analyst estimates of $367.89 million. e.l.f. Beauty had a return on equity of 13.77% and a net margin of 5.90%.The firm’s revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the company 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, equities research analysts anticipate that e.l.f. Beauty will post 2.38 EPS for the current fiscal year.

Insider Activity

In other news, insider Kory Marchisotto sold 10,812 shares of the company’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $150.00, for a total value of $1,621,800.00. Following the sale, the insider directly owned 133,976 shares of the company’s stock, valued at $20,096,400. This represents a 7.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tarang Amin sold 116,315 shares of e.l.f. Beauty stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $132.24, for a total transaction of $15,381,495.60. Following the transaction, the chief executive officer directly owned 81,818 shares of the company’s stock, valued at approximately $10,819,612.32. This trade represents a 58.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 296,430 shares of company stock worth $40,444,041. 3.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Bank of America raised their price target on shares of e.l.f. Beauty from $135.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, September 17th. Cowen reaffirmed a “buy” rating on shares of e.l.f. Beauty in a research report on Wednesday. Robert W. Baird dropped their price objective on 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. Deutsche Bank Aktiengesellschaft cut e.l.f. Beauty from a “buy” rating to a “hold” rating and boosted their target price for the company from $121.00 to $128.00 in a research note on Tuesday, September 2nd. Finally, Raymond James Financial raised their price target on e.l.f. Beauty from $155.00 to $165.00 and gave the stock a “strong-buy” rating in a research note on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, e.l.f. Beauty presently has an average rating of “Moderate Buy” and an average price target of $126.80.

e.l.f. Beauty 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.