Legal & General Group Plc Takes Position in e.l.f. Beauty $ELF

Legal & General Group Plc purchased a new position in e.l.f. Beauty (NYSE:ELF) during the second quarter, HoldingsChannel reports. The firm purchased 76,811 shares of the company’s stock, valued at approximately $5,684,000.

Several other large investors also recently modified their holdings of ELF. Hilton Head Capital Partners LLC bought a new position in e.l.f. Beauty in the fourth quarter valued at about $32,000. EverSource Wealth Advisors LLC lifted its stake in shares of e.l.f. Beauty by 97.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company’s stock worth $32,000 after purchasing an additional 128 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of e.l.f. Beauty by 58.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company’s stock worth $39,000 after purchasing an additional 117 shares during the period. State of Wyoming purchased a new position in shares of e.l.f. Beauty in the second quarter worth approximately $40,000. Finally, Arax Advisory Partners bought a new stake in e.l.f. Beauty during the fourth quarter valued at approximately $41,000. Institutional investors own 92.44% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Tarang Amin sold 50,164 shares of the company’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $78.24, for a total value of $3,924,831.36. Following the completion of the transaction, the chief executive officer owned 110,496 shares of the company’s stock, valued at $8,645,207.04. This represents a 31.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Joshua Franks sold 5,512 shares of the stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $110.00, for a total value of $606,320.00. Following the sale, the senior vice president owned 138,797 shares of the company’s stock, valued at $15,267,670. This represents a 3.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 120,656 shares of company stock worth $9,365,864 in the last three months. 3.50% of the stock is owned by company insiders.

e.l.f. Beauty Stock Performance

ELF opened at $107.30 on Friday. The firm has a market cap of $6.33 billion, a P/E ratio of 107.30, a PEG ratio of 3.34 and a beta of 1.60. e.l.f. Beauty has a 1-year low of $48.82 and a 1-year high of $150.99. The company has a 50 day simple moving average of $87.09 and a two-hundred day simple moving average of $73.85. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.55 and a quick ratio of 1.82.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $1.04. The firm had revenue of $479.37 million during the quarter, compared to analysts’ expectations of $431.20 million. e.l.f. Beauty had a net margin of 3.38% and a return on equity of 14.07%. The company’s revenue for the quarter was up 35.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.89 earnings per share. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. Equities analysts forecast that e.l.f. Beauty will post 2.64 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ELF has been the subject of a number of research reports. Jefferies Financial Group upped their target price on shares of e.l.f. Beauty from $72.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, July 28th. UBS Group boosted their price objective on shares of e.l.f. Beauty from $80.00 to $89.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Sanford C. Bernstein upped their price objective on e.l.f. Beauty from $113.00 to $121.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Weiss Ratings raised e.l.f. Beauty from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, July 30th. Finally, Piper Sandler lifted their target price on e.l.f. Beauty from $50.00 to $65.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Two investment 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $92.12.

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.