Royce & Associates LP Acquires Shares of 69,000 e.l.f. Beauty $ELF

Royce & Associates LP acquired a new stake in shares of e.l.f. Beauty (NYSE:ELF) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 69,000 shares of the company’s stock, valued at approximately $5,247,000.

A number of other institutional investors have also modified their holdings of the stock. Harbour Investments Inc. increased its stake in shares of e.l.f. Beauty by 2,345.7% in the 4th quarter. Harbour Investments Inc. now owns 3,375 shares of the company’s stock valued at $257,000 after purchasing an additional 3,237 shares in the last quarter. Hantz Financial Services Inc. increased its stake in shares of e.l.f. Beauty by 62.2% in the 4th quarter. Hantz Financial Services Inc. now owns 1,692 shares of the company’s stock valued at $129,000 after purchasing an additional 649 shares in the last quarter. Swedbank AB increased its stake in shares of e.l.f. Beauty by 97.0% in the 4th quarter. Swedbank AB now owns 1,364,801 shares of the company’s stock valued at $103,779,000 after purchasing an additional 672,071 shares in the last quarter. Prospera Financial Services Inc increased its stake in shares of e.l.f. Beauty by 19.3% in the 4th quarter. Prospera Financial Services Inc now owns 4,764 shares of the company’s stock valued at $362,000 after purchasing an additional 771 shares in the last quarter. Finally, Summit Creek Advisors LLC increased its stake in shares of e.l.f. Beauty by 22.2% in the 4th quarter. Summit Creek Advisors LLC now owns 123,988 shares of the company’s stock valued at $9,428,000 after purchasing an additional 22,535 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on ELF. JPMorgan Chase & Co. cut their price target on e.l.f. Beauty from $85.00 to $80.00 and set an “overweight” rating for the company in a research note on Thursday, May 21st. Piper Sandler cut their price target on e.l.f. Beauty from $60.00 to $50.00 and set a “neutral” rating for the company in a research note on Thursday, May 21st. Robert W. Baird cut their price target on e.l.f. Beauty from $115.00 to $90.00 and set an “outperform” rating for the company in a research note on Tuesday, April 28th. Jefferies Financial Group cut their price target on e.l.f. Beauty from $85.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Finally, Citigroup cut their price target on e.l.f. Beauty from $115.00 to $87.00 and set a “buy” rating for the company in a research note on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $82.75.

Insider Buying and Selling at e.l.f. Beauty

In other news, insider Mandy J. Fields sold 23,656 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $63.66, for a total transaction of $1,505,940.96. Following the transaction, the insider directly owned 77,437 shares in the company, valued at $4,929,639.42. The trade was a 23.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Kory Marchisotto sold 23,796 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $63.66, for a total value of $1,514,853.36. Following the transaction, the insider owned 152,417 shares in the company, valued at approximately $9,702,866.22. This represents a 13.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 210,013 shares of company stock worth $13,315,490. 3.90% of the stock is owned by company insiders.

e.l.f. Beauty Price Performance

NYSE:ELF opened at $56.02 on Friday. e.l.f. Beauty has a 12 month low of $49.72 and a 12 month high of $150.99. The stock has a 50 day moving average of $61.81 and a two-hundred day moving average of $74.19. The company has a current ratio of 2.35, a quick ratio of 1.69 and a debt-to-equity ratio of 0.72. The firm has a market cap of $3.33 billion, a P/E ratio of 121.79, a price-to-earnings-growth ratio of 2.33 and a beta of 1.71.

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. e.l.f. Beauty had a return on equity of 11.02% and a net margin of 1.61%.The company had revenue of $449.29 million during the quarter, compared to analyst estimates of $423.06 million. During the same period in the previous year, the business earned $0.78 EPS. e.l.f. Beauty’s quarterly 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, analysts expect that e.l.f. Beauty will post 2.45 earnings per share for the current fiscal 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.