e.l.f. Beauty $ELF Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its holdings in shares of e.l.f. Beauty (NYSE:ELF) by 3,131.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 924,902 shares of the company’s stock after purchasing an additional 896,282 shares during the quarter. BNP Paribas Financial Markets’ holdings in e.l.f. Beauty were worth $70,330,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. boosted its holdings 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 purchasing an additional 140,258 shares during the last quarter. Swedbank AB boosted its holdings in shares of e.l.f. Beauty by 97.0% during the fourth quarter. Swedbank AB now owns 1,364,801 shares of the company’s stock worth $103,779,000 after purchasing an additional 672,071 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of e.l.f. Beauty by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 1,040,518 shares of the company’s stock worth $79,138,000 after purchasing an additional 21,016 shares during the last quarter. Capital International Investors boosted its holdings in shares of e.l.f. Beauty by 11.9% during the third quarter. Capital International Investors now owns 936,831 shares of the company’s stock worth $124,111,000 after purchasing an additional 99,594 shares during the last quarter. Finally, Capital World Investors boosted its holdings in shares of e.l.f. Beauty by 2.1% during the third quarter. Capital World Investors now owns 661,936 shares of the company’s stock worth $87,693,000 after purchasing an additional 13,880 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

e.l.f. Beauty Trading Down 4.6%

NYSE:ELF opened at $53.44 on Tuesday. The business’s 50-day moving average is $61.41 and its two-hundred day moving average is $73.98. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.35 and a quick ratio of 1.69. e.l.f. Beauty has a 12 month low of $49.72 and a 12 month high of $150.99. The firm has a market capitalization of $3.18 billion, a PE ratio of 116.18, a price-to-earnings-growth ratio of 2.31 and a beta of 1.71.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Wednesday, May 20th. The company reported $0.32 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $423.06 million. During the same period last year, the company posted $0.78 earnings per share. The firm’s revenue was up 35.1% compared to the same quarter last year. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. Research analysts predict that e.l.f. Beauty will post 2.41 earnings per share for the current fiscal year.

Insider Buying and Selling

In other e.l.f. Beauty news, insider Kory Marchisotto sold 23,796 shares of the firm’s stock in a transaction dated 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 directly owned 152,417 shares of the company’s stock, valued at $9,702,866.22. This trade represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Scott Milsten sold 23,797 shares of the firm’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $63.66, for a total value of $1,514,917.02. Following the completion of the transaction, the insider directly owned 114,940 shares in the company, valued at $7,317,080.40. This trade represents a 17.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 210,013 shares of company stock valued at $13,315,490 over the last ninety days. Insiders own 3.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ELF shares. TD Cowen decreased their price objective on e.l.f. Beauty from $110.00 to $100.00 and set a “buy” rating on the stock in a report on Monday, February 9th. Weiss Ratings cut e.l.f. Beauty from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 22nd. Piper Sandler reduced their target price on e.l.f. Beauty from $60.00 to $50.00 and set a “neutral” rating on the stock in a report on Thursday, May 21st. JPMorgan Chase & Co. reduced their target price on e.l.f. Beauty from $85.00 to $80.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. Finally, Jefferies Financial Group reduced their target price on e.l.f. Beauty from $85.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, e.l.f. Beauty has a consensus rating of “Moderate Buy” and a consensus price target of $82.75.

e.l.f. Beauty 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.