USS Investment Management Ltd Takes Position in e.l.f. Beauty $ELF

USS Investment Management Ltd purchased a new position in shares of e.l.f. Beauty (NYSE:ELF) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 161,524 shares of the company’s stock, valued at approximately $9,786,000.

Other large investors have also recently made changes to their positions in the company. AMI Asset Management Corp raised its stake in e.l.f. Beauty by 45.9% in the 1st quarter. AMI Asset Management Corp now owns 11,353 shares of the company’s stock valued at $688,000 after purchasing an additional 3,572 shares during the last quarter. North Star Investment Management Corp. acquired a new position in e.l.f. Beauty during the first quarter worth about $88,000. Pictet Asset Management Holding SA grew its stake in e.l.f. Beauty by 7.5% during the 1st quarter. Pictet Asset Management Holding SA now owns 9,177 shares of the company’s stock valued at $556,000 after acquiring an additional 643 shares in the last quarter. Louisiana State Employees Retirement System acquired a new stake in e.l.f. Beauty in the 1st quarter valued at about $1,036,000. Finally, SG Americas Securities LLC raised its holdings in e.l.f. Beauty by 61.3% in the 1st quarter. SG Americas Securities LLC now owns 250,413 shares of the company’s stock valued at $15,178,000 after acquiring an additional 95,160 shares during the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ELF has been the subject of several analyst reports. Jefferies Financial Group dropped their target price on e.l.f. Beauty from $85.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, May 21st. UBS Group set a $80.00 price target on e.l.f. Beauty in a report on Thursday, May 21st. Bank of America lowered 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 report on Thursday, May 21st. Evercore initiated coverage on shares of e.l.f. Beauty in a report on Thursday, April 2nd. They issued an “inline” rating and a $68.00 price objective for the company. Finally, Piper Sandler restated a “neutral” rating on shares of e.l.f. Beauty in a research report on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $78.31.

Insider Activity

In other e.l.f. Beauty news, insider Scott Milsten sold 4,162 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $51.53, for a total value of $214,467.86. Following the transaction, the insider owned 144,581 shares of the company’s stock, valued at $7,450,258.93. This represents a 2.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Mandy J. Fields sold 4,327 shares of the stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $51.53, for a total transaction 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. This trade represents a 3.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 203,467 shares of company stock worth $12,401,189. 3.90% of the stock is currently owned by corporate insiders.

e.l.f. Beauty Trading Up 6.1%

Shares of e.l.f. Beauty stock opened at $78.51 on Thursday. The stock has a 50 day moving average of $59.87 and a 200 day moving average of $71.91. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.69 and a current ratio of 2.35. The firm has a market capitalization of $4.67 billion, a price-to-earnings ratio of 170.67, a PEG ratio of 2.88 and a beta of 1.58. e.l.f. Beauty has a fifty-two week low of $48.82 and a fifty-two week high of $150.99.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Wednesday, May 20th. The company reported $0.32 EPS 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 company had revenue of $449.29 million for the quarter, compared to the consensus estimate of $423.06 million. During the same quarter in the previous year, the business earned $0.78 earnings per share. The company’s revenue for the quarter 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. As a group, research analysts predict that e.l.f. Beauty will post 2.42 earnings per share 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.