e.l.f. Beauty $ELF Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. reduced its stake in shares of e.l.f. Beauty (NYSE:ELF) by 64.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,695 shares of the company’s stock after selling 6,739 shares during the period. Bessemer Group Inc.’s holdings in e.l.f. Beauty were worth $224,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Royal Bank of Canada increased its stake in e.l.f. Beauty by 9.9% during the first quarter. Royal Bank of Canada now owns 153,682 shares of the company’s stock worth $9,650,000 after acquiring an additional 13,851 shares during the last quarter. Integrated Wealth Concepts LLC lifted its holdings in e.l.f. Beauty by 168.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 6,483 shares of the company’s stock worth $407,000 after buying an additional 4,069 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in e.l.f. Beauty by 176.4% in the first quarter. NewEdge Advisors LLC now owns 4,677 shares of the company’s stock valued at $294,000 after purchasing an additional 2,985 shares during the period. United Services Automobile Association purchased a new stake in shares of e.l.f. Beauty during the first quarter worth approximately $240,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of e.l.f. Beauty by 58.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company’s stock worth $39,000 after purchasing an additional 117 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Joshua Allen Franks sold 6,854 shares of the business’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $51.94, for a total value of $355,996.76. Following the completion of the sale, the senior vice president directly owned 153,532 shares of the company’s stock, valued at $7,974,452.08. The trade was a 4.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Tarang Amin sold 50,164 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $78.24, for a total value of $3,924,831.36. Following the completion of the sale, the chief executive officer owned 110,496 shares of the company’s stock, valued at $8,645,207.04. This trade represents a 31.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 121,855 shares of company stock valued at $8,351,493. 3.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on ELF. Robert W. Baird dropped their price target on shares of e.l.f. Beauty from $115.00 to $90.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 28th. UBS Group lifted their price target on shares of e.l.f. Beauty from $60.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Citigroup upped their price objective on e.l.f. Beauty from $87.00 to $92.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $64.00 target price on shares of e.l.f. Beauty in a research report on Tuesday, June 16th. Finally, TD Cowen reiterated a “buy” rating and issued a $85.00 price target (up from $65.00) on shares of e.l.f. Beauty in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $80.38.

e.l.f. Beauty Price Performance

ELF opened at $77.37 on Monday. 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 has a twelve month low of $48.82 and a twelve month high of $150.99. The company has a fifty day simple moving average of $64.94 and a 200 day simple moving average of $71.62. The firm has a market cap of $4.56 billion, a price-to-earnings ratio of 168.20, a PEG ratio of 3.02 and a beta of 1.59.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Wednesday, May 20th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. The firm had revenue of $449.29 million during the quarter, compared to the consensus estimate of $423.06 million. e.l.f. Beauty had a return on equity of 11.02% and a net margin of 1.61%.e.l.f. Beauty’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.78 earnings per share. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. Equities research analysts expect that e.l.f. Beauty will post 2.41 EPS for the current fiscal year.

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.