Royal Bank of Canada Purchases 8,740 Shares of e.l.f. Beauty $ELF

Royal Bank of Canada increased its position in shares of e.l.f. Beauty (NYSE:ELF) by 17.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,235 shares of the company’s stock after purchasing an additional 8,740 shares during the quarter. Royal Bank of Canada’s holdings in e.l.f. Beauty were worth $3,590,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. BNP Paribas Financial Markets raised its position in e.l.f. Beauty by 3,131.7% in the 4th quarter. BNP Paribas Financial Markets now owns 924,902 shares of the company’s stock valued at $70,330,000 after purchasing an additional 896,282 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in e.l.f. Beauty by 47.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,197,319 shares of the company’s stock worth $167,086,000 after buying an additional 711,540 shares in the last quarter. Swedbank AB lifted its holdings in e.l.f. Beauty by 97.0% during the 4th quarter. Swedbank AB now owns 1,364,801 shares of the company’s stock worth $103,779,000 after buying an additional 672,071 shares in the last quarter. Armistice Capital LLC boosted its position in e.l.f. Beauty by 394.9% in the 4th quarter. Armistice Capital LLC now owns 657,983 shares of the company’s stock valued at $50,033,000 after buying an additional 525,018 shares during the last quarter. Finally, Norges Bank bought a new position in e.l.f. Beauty in the 4th quarter valued at $38,895,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ELF. Citigroup boosted their target price on e.l.f. Beauty from $87.00 to $92.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Sanford C. Bernstein raised their price target on e.l.f. Beauty from $113.00 to $121.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. TD Cowen lifted their price objective on e.l.f. Beauty from $85.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Zacks Research raised shares of e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Finally, Morgan Stanley lowered their price target on shares of e.l.f. Beauty from $67.00 to $59.00 and set an “equal weight” rating for the company in a research report on Thursday, May 21st. Two investment 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 company. According to data from MarketBeat, e.l.f. Beauty currently has a consensus rating of “Moderate Buy” and an average target price of $90.81.

e.l.f. Beauty Stock Performance

ELF stock opened at $91.57 on Friday. The business’s fifty day moving average is $75.54 and its 200-day moving average is $71.80. The company has a quick ratio of 1.82, a current ratio of 2.55 and a debt-to-equity ratio of 0.69. The company has a market cap of $5.40 billion, a P/E ratio of 91.57, a price-to-earnings-growth ratio of 2.96 and a beta of 1.58. e.l.f. Beauty has a twelve month low of $48.82 and a twelve month high of $150.99.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results 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 return on equity of 14.07% and a net margin of 3.38%.The business had revenue of $479.37 million for the quarter, compared to analyst estimates of $431.20 million. During the same period last year, the company earned $0.89 EPS. The firm’s revenue was up 35.5% on a year-over-year basis. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. Equities research analysts forecast that e.l.f. Beauty will post 2.56 EPS for the current year.

Insider Transactions at e.l.f. Beauty

In other news, insider Mandy J. Fields sold 8,464 shares of the business’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $51.94, for a total transaction of $439,620.16. Following the completion of the transaction, the insider directly owned 111,288 shares in the company, valued at approximately $5,780,298.72. The trade was a 7.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Tarang Amin sold 50,164 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $78.24, for a total value of $3,924,831.36. Following the completion of the sale, the chief executive officer directly owned 110,496 shares of the company’s stock, valued at approximately $8,645,207.04. This trade represents a 31.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 134,028 shares of company stock valued at $9,422,961. Corporate insiders own 3.50% of the company’s stock.

e.l.f. Beauty 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.