Cannell & Spears LLC Sells 152,253 Shares of e.l.f. Beauty $ELF

Cannell & Spears LLC cut its stake in shares of e.l.f. Beauty (NYSE:ELF) by 78.0% during the first quarter, HoldingsChannel.com reports. The fund owned 43,063 shares of the company’s stock after selling 152,253 shares during the quarter. Cannell & Spears LLC’s holdings in e.l.f. Beauty were worth $2,597,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. BNP Paribas Financial Markets raised its position in e.l.f. Beauty by 3,131.7% during 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 in the last quarter. Vanguard Group Inc. grew its position in shares of e.l.f. Beauty by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 5,487,304 shares of the company’s stock worth $417,255,000 after buying an additional 140,258 shares in the last quarter. Norges Bank bought a new position in shares of e.l.f. Beauty during the 4th quarter worth $38,895,000. SG Americas Securities LLC increased its stake in shares of e.l.f. Beauty by 1,967.8% during the fourth quarter. SG Americas Securities LLC now owns 155,253 shares of the company’s stock valued at $11,805,000 after buying an additional 147,745 shares during the period. Finally, Jacobson & Schmitt Advisors LLC raised its holdings in shares of e.l.f. Beauty by 34.5% in the fourth quarter. Jacobson & Schmitt Advisors LLC now owns 188,924 shares of the company’s stock valued at $14,366,000 after acquiring an additional 48,504 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

Insider Buying and Selling

In other e.l.f. Beauty news, insider Mandy J. Fields sold 4,327 shares of e.l.f. Beauty stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $51.53, for a total value 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. The trade was a 3.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kory Marchisotto sold 4,352 shares of the company’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $51.53, for a total value of $224,258.56. Following the transaction, the insider directly owned 181,868 shares in the company, valued at approximately $9,371,658.04. The trade was a 2.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 278,988 shares of company stock valued at $18,354,580 over the last quarter. Insiders own 3.50% of the company’s stock.

Analysts Set New Price Targets

ELF has been the subject of a number of research reports. B. Riley Financial lowered their price objective on shares of e.l.f. Beauty from $130.00 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, May 26th. Bank of America dropped their price objective on shares of e.l.f. Beauty from $93.00 to $85.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. JPMorgan Chase & Co. lifted their price objective on shares of e.l.f. Beauty from $80.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Sanford C. Bernstein assumed coverage on e.l.f. Beauty in a report on Thursday, June 11th. They set a “market perform” rating and a $60.00 target price for the company. Finally, Morgan Stanley dropped their target price 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. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.38.

e.l.f. Beauty Stock Up 1.6%

NYSE:ELF opened at $77.37 on Friday. The company’s 50-day simple moving average is $64.94 and its 200-day simple moving average is $71.66. 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 fifty-two week low of $48.82 and a fifty-two week high of $150.99. The stock has a market capitalization of $4.56 billion, a P/E ratio of 168.20, a P/E/G ratio of 3.02 and a beta of 1.59.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data on Wednesday, May 20th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.29 by $0.03. The firm had revenue of $449.29 million during the quarter, compared to analyst estimates of $423.06 million. e.l.f. Beauty had a net margin of 1.61% and a return on equity of 11.02%. During the same quarter in the previous year, the business posted $0.78 EPS. e.l.f. Beauty’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. On average, equities analysts anticipate that e.l.f. Beauty will post 2.41 earnings per share for the current fiscal year.

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.