Legal & General Group Plc Cuts Position in e.l.f. Beauty $ELF

Legal & General Group Plc cut its stake in e.l.f. Beauty (NYSE:ELF) by 15.0% during the fourth quarter, HoldingsChannel reports. The fund owned 87,742 shares of the company’s stock after selling 15,489 shares during the quarter. Legal & General Group Plc’s holdings in e.l.f. Beauty were worth $6,672,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ELF. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of e.l.f. Beauty in the 4th quarter valued at $26,000. EverSource Wealth Advisors LLC increased its holdings in shares of e.l.f. Beauty by 97.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company’s stock valued at $32,000 after acquiring an additional 128 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of e.l.f. Beauty by 58.5% in the 2nd 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 period. Rakuten Securities Inc. grew its stake in e.l.f. Beauty by 2,600.0% during the 4th quarter. Rakuten Securities Inc. now owns 648 shares of the company’s stock worth $49,000 after buying an additional 624 shares during the last quarter. Finally, Johnson Financial Group Inc. purchased a new position in e.l.f. Beauty during the 3rd quarter worth $64,000. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ELF has been the topic of several research analyst reports. Weiss Ratings downgraded e.l.f. Beauty from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 22nd. Robert W. Baird dropped their target price on 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. JPMorgan Chase & Co. dropped their target price on e.l.f. Beauty from $85.00 to $80.00 and set an “overweight” rating on the stock in a research note on Thursday, May 21st. Bank of America dropped their target price on e.l.f. Beauty from $93.00 to $85.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Finally, Jefferies Financial Group dropped their target price on e.l.f. Beauty from $85.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $79.60.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 41,520 shares of e.l.f. Beauty stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $63.66, for a total transaction of $2,643,163.20. Following the completion of the sale, the chief executive officer owned 112,690 shares of the company’s stock, valued at approximately $7,173,845.40. The trade was a 26.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jennifer Catherine Hartnett sold 10,318 shares of e.l.f. Beauty stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $51.94, for a total value of $535,916.92. Following the sale, the insider directly owned 58,408 shares of the company’s stock, valued at approximately $3,033,711.52. This represents a 15.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 235,649 shares of company stock worth $14,647,024 in the last quarter. 3.90% of the stock is owned by insiders.

e.l.f. Beauty News Summary

Here are the key news stories impacting e.l.f. Beauty this week:

• Positive Sentiment: rhode, e.l.f. Beauty’s acquired beauty brand, announced a major global expansion into Mexico and seven additional European countries, which could support longer-term sales growth and brand visibility. Article Title
• Neutral Sentiment: e.l.f. Beauty is being highlighted as a trending stock by Zacks, keeping investor attention elevated, but the note does not include new fundamentals or a clear catalyst. Article Title
• Neutral Sentiment: The company also presented at a consumer conference, which may help maintain visibility with analysts and investors, but no major new guidance was provided in the transcript headline. Article Title
• Negative Sentiment: Multiple insiders sold shares on June 4, including Mandy J. Fields, Joshua Allen Franks, and Jennifer Catherine Hartnett, which can weigh on sentiment because investors often view clustered insider selling as a cautionary signal. Article Title Article Title Article Title
• Negative Sentiment: A law-firm notice questioning whether e.l.f. Beauty insiders breached fiduciary duties adds headline risk and may reinforce concerns around insider activity. Article Title
• Negative Sentiment: Recent commentary from The Motley Fool noted that the stock fell in May despite a strong report, suggesting investors remain worried about valuation and the outlook rather than just near-term results. Article Title

e.l.f. Beauty Stock Down 3.4%

Shares of ELF stock opened at $49.67 on Friday. The stock’s fifty day moving average price is $59.88 and its 200 day moving average price is $73.32. e.l.f. Beauty has a 1-year low of $48.82 and a 1-year high of $150.99. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.35 and a quick ratio of 1.69. The company has a market cap of $2.95 billion, a price-to-earnings ratio of 107.97, a price-to-earnings-growth ratio of 2.04 and a beta of 1.63.

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, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $423.06 million. During the same quarter in the previous year, the firm posted $0.78 EPS. 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. On average, research analysts expect that e.l.f. Beauty will post 2.41 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.