Thrivent Financial for Lutherans Cuts Stock Holdings in e.l.f. Beauty $ELF

Thrivent Financial for Lutherans decreased its position in e.l.f. Beauty (NYSE:ELF) by 85.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 17,871 shares of the company’s stock after selling 108,886 shares during the quarter. Thrivent Financial for Lutherans’ holdings in e.l.f. Beauty were worth $2,224,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Louisiana State Employees Retirement System boosted its holdings in e.l.f. Beauty by 0.6% during the second quarter. Louisiana State Employees Retirement System now owns 15,900 shares of the company’s stock worth $1,979,000 after purchasing an additional 100 shares during the last quarter. Securian Asset Management Inc. boosted its stake in shares of e.l.f. Beauty by 2.4% in the 2nd quarter. Securian Asset Management Inc. now owns 4,327 shares of the company’s stock worth $538,000 after buying an additional 100 shares during the last quarter. State of Michigan Retirement System boosted its stake in shares of e.l.f. Beauty by 0.7% in the 2nd quarter. State of Michigan Retirement System now owns 13,600 shares of the company’s stock worth $1,692,000 after buying an additional 100 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of e.l.f. Beauty by 11.8% in the second quarter. Farther Finance Advisors LLC now owns 993 shares of the company’s stock valued at $124,000 after acquiring an additional 105 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of e.l.f. Beauty by 58.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company’s stock valued at $39,000 after acquiring an additional 117 shares during the last quarter. 92.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Piper Sandler cut their price objective on e.l.f. Beauty from $100.00 to $85.00 and set a “neutral” rating on the stock in a research report on Monday. Deutsche Bank Aktiengesellschaft downgraded shares of e.l.f. Beauty from a “buy” rating to a “hold” rating and boosted their price target for the stock from $121.00 to $128.00 in a report on Tuesday, September 2nd. Canaccord Genuity Group decreased their price objective on shares of e.l.f. Beauty from $165.00 to $136.00 and set a “buy” rating for the company in a report on Thursday, November 6th. Raymond James Financial lifted their price objective on shares of e.l.f. Beauty from $155.00 to $165.00 and gave the stock a “strong-buy” rating in a research report on Monday, October 20th. Finally, Jefferies Financial Group decreased their price target on shares of e.l.f. Beauty from $150.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $123.53.

e.l.f. Beauty Price Performance

Shares of NYSE:ELF opened at $78.46 on Wednesday. The firm has a market capitalization of $4.68 billion, a PE ratio of 55.26, a P/E/G ratio of 7.72 and a beta of 1.75. The company has a quick ratio of 1.76, a current ratio of 2.70 and a debt-to-equity ratio of 0.73. The company has a 50-day moving average price of $92.23 and a two-hundred day moving average price of $113.46. e.l.f. Beauty has a twelve month low of $49.40 and a twelve month high of $150.99.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.11. The company had revenue of $343.94 million for the quarter, compared to analysts’ expectations of $367.89 million. e.l.f. Beauty had a net margin of 5.90% and a return on equity of 13.77%. e.l.f. Beauty’s revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.77 EPS. e.l.f. Beauty has set its FY 2026 guidance at 2.800-2.850 EPS. Equities analysts forecast that e.l.f. Beauty will post 2.38 EPS for the current year.

Insider Activity

In other news, CEO Tarang Amin sold 116,315 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $132.24, for a total value of $15,381,495.60. Following the completion of the transaction, the chief executive officer directly owned 81,818 shares of the company’s stock, valued at $10,819,612.32. This trade represents a 58.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.90% of the stock is currently owned by corporate insiders.

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.