UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 11,227 Shares of e.l.f. Beauty $ELF

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in shares of e.l.f. Beauty (NYSE:ELF) by 8.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 129,438 shares of the company’s stock after selling 11,227 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.22% of e.l.f. Beauty worth $9,578,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Jefferies Financial Group Inc. raised its stake in e.l.f. Beauty by 7.6% in the 2nd quarter. Jefferies Financial Group Inc. now owns 4,579 shares of the company’s stock valued at $339,000 after acquiring an additional 324 shares during the period. Freestone Grove Partners LP bought a new position in e.l.f. Beauty during the second quarter worth about $5,875,000. Jupiter Topco LLC purchased a new position in shares of e.l.f. Beauty in the second quarter worth about $2,035,000. Hsbc Holdings PLC bought a new stake in shares of e.l.f. Beauty in the second quarter valued at approximately $307,000. Finally, Primecap Management Co. CA purchased a new stake in shares of e.l.f. Beauty during the 2nd quarter valued at approximately $78,202,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on ELF shares. UBS Group lifted 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 note on Thursday, August 6th. The Goldman Sachs Group set a $100.00 price target on e.l.f. Beauty in a research report on Thursday, August 6th. Piper Sandler boosted their price objective on e.l.f. Beauty from $50.00 to $65.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Bank of America dropped their price objective on e.l.f. Beauty from $93.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Finally, Robert W. Baird set a $105.00 target price on e.l.f. Beauty in a report on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and an average target price of $92.12.

e.l.f. Beauty Price Performance

Shares of NYSE:ELF opened at $109.58 on Monday. e.l.f. Beauty has a 52 week low of $48.82 and a 52 week high of $150.99. The company has a quick ratio of 1.82, a current ratio of 2.55 and a debt-to-equity ratio of 0.69. The company’s fifty day moving average is $87.94 and its 200 day moving average is $74.04. The stock has a market cap of $6.47 billion, a PE ratio of 109.58, a PEG ratio of 3.41 and a beta of 1.60.

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

Insider Activity

In related news, insider Kory Marchisotto sold 12,173 shares of e.l.f. Beauty stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $88.02, for a total value of $1,071,467.46. Following the sale, the insider owned 169,695 shares in the company, valued at $14,936,553.90. The trade was a 6.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Mandy Fields sold 4,327 shares of e.l.f. Beauty stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $51.53, for a total transaction 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 position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 120,656 shares of company stock valued at $9,365,864. 3.50% of the stock is owned by corporate insiders.

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.