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

Royal Bank of Canada raised its holdings in shares of e.l.f. Beauty (NYSE:ELF) by 17.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,235 shares of the company’s stock after buying an additional 8,740 shares during the quarter. Royal Bank of Canada owned about 0.10% of e.l.f. Beauty worth $3,590,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its position in e.l.f. Beauty by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 5,487,304 shares of the company’s stock worth $417,255,000 after acquiring an additional 140,258 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in e.l.f. Beauty by 47.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,197,319 shares of the company’s stock valued at $167,086,000 after purchasing an additional 711,540 shares during the period. State Street Corp boosted its holdings in e.l.f. Beauty by 0.8% in the 4th quarter. State Street Corp now owns 1,737,181 shares of the company’s stock valued at $132,095,000 after purchasing an additional 13,231 shares during the period. Swedbank AB grew its position in e.l.f. Beauty by 97.0% in the 4th quarter. Swedbank AB now owns 1,364,801 shares of the company’s stock worth $103,779,000 after purchasing an additional 672,071 shares during the last quarter. Finally, Ensign Peak Advisors Inc grew its position in e.l.f. Beauty by 37.7% in the 4th quarter. Ensign Peak Advisors Inc now owns 1,319,523 shares of the company’s stock worth $100,337,000 after purchasing an additional 361,371 shares during the last quarter. 92.44% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other e.l.f. Beauty news, insider Scott Milsten sold 4,162 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $51.53, for a total transaction of $214,467.86. Following the completion of the transaction, the insider owned 144,581 shares in the company, valued at $7,450,258.93. This trade represents a 2.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mandy J. Fields sold 4,327 shares of e.l.f. Beauty stock in a transaction that occurred 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 sale, the insider directly owned 106,961 shares in the company, valued at $5,511,700.33. The trade was a 3.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 134,028 shares of company stock valued at $9,422,961 over the last 90 days. Company insiders own 3.50% of the company’s stock.

Wall Street Analysts Forecast Growth

ELF has been the subject of a number of research analyst reports. Raymond James Financial upped their price objective on shares of e.l.f. Beauty from $85.00 to $87.00 and gave the company a “strong-buy” rating in a research report on Tuesday, July 14th. Robert W. Baird set a $105.00 target price on e.l.f. Beauty in a research report on Thursday, August 6th. Weiss Ratings upgraded e.l.f. Beauty from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $64.00 price target on shares of e.l.f. Beauty in a research note on Tuesday, June 16th. Finally, Bank of America reduced their price objective on e.l.f. Beauty from $93.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $90.81.

e.l.f. Beauty Trading Down 0.5%

Shares of e.l.f. Beauty stock opened at $91.57 on Friday. e.l.f. Beauty has a 52-week low of $48.82 and a 52-week high of $150.99. The firm has a market capitalization of $5.40 billion, a PE ratio of 91.57, a price-to-earnings-growth ratio of 2.96 and a beta of 1.58. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.55 and a quick ratio of 1.82. The company’s fifty day moving average price is $75.54 and its two-hundred day moving average price is $71.80.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $1.04. The company had revenue of $479.37 million during the quarter, compared to the consensus estimate of $431.20 million. e.l.f. Beauty had a net margin of 3.38% and a return on equity of 14.07%. The firm’s revenue for the quarter was up 35.5% compared to the same quarter last year. During the same period last year, the firm earned $0.89 EPS. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. On average, analysts expect that e.l.f. Beauty will post 2.56 EPS for the current year.

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.