Strs Ohio Increases Holdings in e.l.f. Beauty $ELF

Strs Ohio increased its stake in e.l.f. Beauty (NYSE:ELF) by 162.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,185 shares of the company’s stock after acquiring an additional 11,873 shares during the period. Strs Ohio’s holdings in e.l.f. Beauty were worth $1,163,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in ELF. USS Investment Management Ltd purchased a new stake in e.l.f. Beauty during the first quarter valued at approximately $9,786,000. AMI Asset Management Corp boosted its holdings in shares of 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 worth $688,000 after purchasing an additional 3,572 shares during the period. North Star Investment Management Corp. purchased a new position in shares of e.l.f. Beauty in the 1st quarter worth approximately $88,000. Pictet Asset Management Holding SA increased its position in shares of 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 purchasing an additional 643 shares during the last quarter. Finally, Louisiana State Employees Retirement System purchased a new stake in e.l.f. Beauty during the 1st quarter valued at $1,036,000. 92.44% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Jennifer Catherine Hartnett sold 25,357 shares of e.l.f. Beauty stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $80.00, for a total value of $2,028,560.00. Following the completion of the transaction, the insider owned 28,699 shares in the company, valued at $2,295,920. The trade was a 46.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Tarang Amin sold 50,164 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $78.24, for a total value of $3,924,831.36. Following the transaction, the chief executive officer owned 110,496 shares in the company, valued at $8,645,207.04. This represents a 31.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 278,988 shares of company stock worth $18,354,580. 3.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

ELF has been the subject of a number of analyst reports. JPMorgan Chase & Co. lowered their price target on e.l.f. Beauty from $85.00 to $80.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. 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. UBS Group set a $80.00 target price on shares of e.l.f. Beauty in a report on Thursday, May 21st. Morgan Stanley dropped their price target on shares of e.l.f. Beauty from $67.00 to $59.00 and set an “equal weight” rating for the company in a research note on Thursday, May 21st. Finally, Bank of America cut 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 report on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, e.l.f. Beauty has an average rating of “Moderate Buy” and an average price target of $78.31.

e.l.f. Beauty Trading Up 2.5%

Shares of ELF opened at $75.31 on Wednesday. e.l.f. Beauty has a 1-year low of $48.82 and a 1-year high of $150.99. The company has a 50-day moving average of $60.59 and a 200 day moving average of $71.83. The firm has a market capitalization of $4.48 billion, a price-to-earnings ratio of 163.73, a PEG ratio of 2.86 and a beta of 1.59. 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 (NYSE:ELF) last announced its quarterly earnings results on Wednesday, May 20th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. e.l.f. Beauty had a net margin of 1.61% and a return on equity of 11.02%. The firm had revenue of $449.29 million for the quarter, compared to the consensus estimate of $423.06 million. During the same period in the prior year, the firm posted $0.78 earnings per share. The firm’s quarterly 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. On average, research analysts expect that e.l.f. Beauty will post 2.42 EPS 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.