Primecap Management Co. CA Invests $78.20 Million in e.l.f. Beauty $ELF

Primecap Management Co. CA bought a new stake in e.l.f. Beauty (NYSE:ELF) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,056,780 shares of the company’s stock, valued at approximately $78,202,000. Primecap Management Co. CA owned about 1.79% of e.l.f. Beauty as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in e.l.f. Beauty in the second quarter valued at approximately $428,262,000. Vanguard Group Inc. grew its position in shares of e.l.f. Beauty by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 5,487,304 shares of the company’s stock worth $417,255,000 after acquiring an additional 140,258 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of e.l.f. Beauty by 47.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,197,319 shares of the company’s stock valued at $167,086,000 after acquiring an additional 711,540 shares during the period. State Street Corp increased its holdings in shares of e.l.f. Beauty by 0.8% in the 4th quarter. State Street Corp now owns 1,737,181 shares of the company’s stock valued at $132,095,000 after acquiring an additional 13,231 shares during the period. Finally, Swedbank AB raised its position in 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 during the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Joshua Allen Franks sold 5,718 shares of the business’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $100.00, for a total value of $571,800.00. Following the sale, the senior vice president directly owned 144,309 shares in the company, valued at $14,430,900. The trade was a 3.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lauren Cooks Levitan sold 1,034 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $93.15, for a total transaction of $96,317.10. Following the completion of the sale, the director directly owned 10,516 shares in the company, valued at approximately $979,565.40. The trade was a 8.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 140,780 shares of company stock valued at $10,091,078 in the last three months. 3.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ELF. Bank of America lowered their price objective 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. Canaccord Genuity Group boosted their price target on e.l.f. Beauty from $97.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, August 19th. Zacks Research raised e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 12th. Raymond James Financial lifted their target price on e.l.f. Beauty from $85.00 to $87.00 and gave the company a “strong-buy” rating in a research note on Tuesday, July 14th. Finally, Piper Sandler boosted their target price on e.l.f. Beauty from $50.00 to $65.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, e.l.f. Beauty has a consensus rating of “Moderate Buy” and a consensus price target of $91.31.

e.l.f. Beauty Price Performance

Shares of NYSE:ELF opened at $107.09 on Thursday. The firm has a market capitalization of $6.32 billion, a price-to-earnings ratio of 107.09, a price-to-earnings-growth ratio of 3.29 and a beta of 1.58. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.55 and a quick ratio of 1.82. The business’s 50 day simple moving average is $81.99 and its 200-day simple moving average is $72.60. e.l.f. Beauty has a 12 month low of $48.82 and a 12 month high of $150.99.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data 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. The firm had revenue of $479.37 million during the quarter, compared to the consensus estimate of $431.20 million. e.l.f. Beauty had a return on equity of 14.07% and a net margin of 3.38%.e.l.f. Beauty’s quarterly revenue was up 35.5% on a year-over-year basis. During the same period last year, the business posted $0.89 EPS. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. As a group, equities analysts forecast that e.l.f. Beauty will post 2.64 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.