Rockefeller Capital Management L.P. Has $14.59 Million Stock Position in e.l.f. Beauty $ELF

Rockefeller Capital Management L.P. lifted its stake in shares of e.l.f. Beauty (NYSE:ELF) by 83.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 191,843 shares of the company’s stock after acquiring an additional 87,163 shares during the period. Rockefeller Capital Management L.P.’s holdings in e.l.f. Beauty were worth $14,588,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. World Investment Advisors increased its position in e.l.f. Beauty by 50.3% in the 4th quarter. World Investment Advisors now owns 4,117 shares of the company’s stock valued at $313,000 after buying an additional 1,377 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in e.l.f. Beauty by 80.6% in the fourth quarter. Pacer Advisors Inc. now owns 14,096 shares of the company’s stock worth $1,072,000 after acquiring an additional 6,291 shares in the last quarter. White Knight Strategic Wealth Advisors LLC bought a new position in e.l.f. Beauty in the fourth quarter worth approximately $290,000. Invesco Ltd. grew its stake in e.l.f. Beauty by 1.4% in the fourth quarter. Invesco Ltd. now owns 132,730 shares of the company’s stock valued at $10,093,000 after acquiring an additional 1,797 shares during the period. Finally, State of Tennessee Department of Treasury grew its stake in e.l.f. Beauty by 24.8% in the fourth quarter. State of Tennessee Department of Treasury now owns 26,516 shares of the company’s stock valued at $2,016,000 after acquiring an additional 5,265 shares during the period. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Mandy J. Fields sold 4,327 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 $222,970.31. Following the transaction, the insider directly owned 106,961 shares of the company’s stock, valued at $5,511,700.33. This trade represents a 3.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Joshua Allen Franks sold 3,505 shares of the business’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $51.53, for a total transaction of $180,612.65. Following the transaction, the senior vice president owned 150,027 shares in the company, valued at approximately $7,730,891.31. This trade represents a 2.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 256,347 shares of company stock valued at $15,713,592 over the last 90 days. 3.90% of the stock is currently owned by company insiders.

e.l.f. Beauty Trading Up 0.3%

Shares of e.l.f. Beauty stock opened at $63.37 on Wednesday. The stock has a fifty day simple moving average of $59.66 and a 200 day simple moving average of $72.29. e.l.f. Beauty has a 12-month low of $48.82 and a 12-month high of $150.99. The company has a market capitalization of $3.77 billion, a P/E ratio of 137.76, a price-to-earnings-growth ratio of 2.46 and a beta of 1.63. The company has a current ratio of 2.35, a quick ratio of 1.69 and a debt-to-equity ratio of 0.72.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Wednesday, May 20th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.03. The business had revenue of $449.29 million for the quarter, compared to analysts’ expectations of $423.06 million. e.l.f. Beauty had a return on equity of 11.02% and a net margin of 1.61%.The business’s revenue was up 35.1% on a year-over-year basis. During the same period last year, the business earned $0.78 EPS. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. On average, sell-side analysts anticipate that e.l.f. Beauty will post 2.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on ELF shares. Evercore started coverage on e.l.f. Beauty in a research report on Thursday, April 2nd. They set an “inline” rating and a $68.00 target price on the stock. Sanford C. Bernstein initiated coverage on shares of e.l.f. Beauty in a research report on Thursday, June 11th. They issued a “market perform” rating and a $60.00 price target for the company. JPMorgan Chase & Co. decreased their price target on shares of 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. Robert W. Baird lowered their price objective on shares of e.l.f. Beauty from $115.00 to $90.00 and set an “outperform” rating on the stock in a report on Tuesday, April 28th. Finally, Weiss Ratings raised shares of e.l.f. Beauty from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, e.l.f. Beauty has a consensus rating of “Moderate Buy” and an average price target of $78.31.

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.