Swiss National Bank Buys 6,000 Shares of e.l.f. Beauty $ELF

Swiss National Bank boosted its position in e.l.f. Beauty (NYSE:ELF) by 5.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 117,900 shares of the company’s stock after purchasing an additional 6,000 shares during the period. Swiss National Bank owned about 0.20% of e.l.f. Beauty worth $7,146,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in e.l.f. Beauty in the fourth quarter worth $26,000. Hilton Head Capital Partners LLC purchased a new position in shares of e.l.f. Beauty during the 4th quarter valued at $32,000. EverSource Wealth Advisors LLC grew its stake in shares of e.l.f. Beauty by 97.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company’s stock worth $32,000 after acquiring an additional 128 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of e.l.f. Beauty by 58.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company’s stock worth $39,000 after acquiring an additional 117 shares during the period. Finally, Arax Advisory Partners purchased a new stake in e.l.f. Beauty in the 4th quarter worth about $41,000. 92.44% of the stock is owned by institutional investors.

e.l.f. Beauty Stock Down 0.0%

Shares of NYSE ELF opened at $83.97 on Wednesday. e.l.f. Beauty has a 52 week low of $48.82 and a 52 week high of $150.99. The business has a 50-day simple moving average of $66.14 and a two-hundred day simple moving average of $71.67. The company has a quick ratio of 1.69, a current ratio of 2.35 and a debt-to-equity ratio of 0.72. The company has a market cap of $4.95 billion, a P/E ratio of 182.55, a P/E/G ratio of 3.28 and a beta of 1.59.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Wednesday, May 20th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. e.l.f. Beauty had a return on equity of 11.02% and a net margin of 1.61%.The business had revenue of $449.29 million during the quarter, compared to analyst estimates of $423.06 million. During the same quarter in the previous year, the firm earned $0.78 EPS. The company’s quarterly revenue was up 35.1% compared to the same quarter last year. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. Research analysts anticipate that e.l.f. Beauty will post 2.41 earnings per share for the current fiscal year.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 6,854 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $51.94, for a total value of $355,996.76. Following the sale, the senior vice president directly owned 153,532 shares in the company, valued at $7,974,452.08. This represents a 4.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mandy J. Fields sold 8,464 shares of the stock in a transaction that occurred on 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 sale, the insider owned 111,288 shares in the company, valued at $5,780,298.72. This represents a 7.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 121,855 shares of company stock valued at $8,351,493 in the last quarter. 3.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Canaccord Genuity Group upped their price objective on shares of e.l.f. Beauty from $90.00 to $97.00 and gave the company a “buy” rating in a report on Friday, July 17th. TD Cowen reiterated a “buy” rating and issued a $85.00 target price (up from $65.00) on shares of e.l.f. Beauty in a research note on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $64.00 price target on shares of e.l.f. Beauty in a research report on Tuesday, June 16th. Piper Sandler restated a “neutral” rating on shares of e.l.f. Beauty in a research note on Friday, June 12th. Finally, Bank of America dropped their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $79.75.

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.