e.l.f. Beauty $ELF Shares Bought by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lifted its holdings in shares of e.l.f. Beauty (NYSE:ELF) by 148.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,993 shares of the company’s stock after buying an additional 11,354 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in e.l.f. Beauty were worth $1,151,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. EverSource Wealth Advisors LLC grew its stake in 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. raised its position in 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 worth $39,000 after acquiring an additional 117 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in e.l.f. Beauty during the fourth quarter worth $26,000. Hilton Head Capital Partners LLC purchased a new position in e.l.f. Beauty during the fourth quarter valued at $32,000. Finally, Johnson Financial Group Inc. purchased a new position in e.l.f. Beauty during the third quarter valued at $64,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Insiders Place Their Bets

In other news, insider Mandy J. Fields sold 23,656 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $63.66, for a total value of $1,505,940.96. Following the completion of the sale, the insider directly owned 77,437 shares in the company, valued at $4,929,639.42. This represents a 23.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jennifer Catherine Hartnett sold 25,357 shares of the stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $80.00, for a total value of $2,028,560.00. Following the completion of the sale, the insider directly owned 28,699 shares of the company’s stock, valued at approximately $2,295,920. This represents a 46.91% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 278,988 shares of company stock worth $18,354,580. 3.50% of the stock is currently owned by insiders.

e.l.f. Beauty Price Performance

e.l.f. Beauty stock opened at $79.16 on Thursday. The company has a fifty day simple moving average of $64.11 and a 200-day simple moving average of $71.63. The firm has a market capitalization of $4.67 billion, a price-to-earnings ratio of 172.10, a PEG ratio of 3.10 and a beta of 1.59. The company has a quick ratio of 1.69, a current ratio of 2.35 and a debt-to-equity ratio of 0.72. e.l.f. Beauty has a 52-week low of $48.82 and a 52-week high of $150.99.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Wednesday, May 20th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.03. The firm had revenue of $449.29 million for the quarter, compared to the consensus estimate of $423.06 million. e.l.f. Beauty had a net margin of 1.61% and a return on equity of 11.02%. The company’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same period last year, the firm posted $0.78 earnings per share. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. On average, equities analysts anticipate that e.l.f. Beauty will post 2.42 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on ELF. Raymond James Financial boosted their target price on shares of e.l.f. Beauty from $85.00 to $87.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, July 14th. Evercore assumed coverage on shares of e.l.f. Beauty in a research note on Thursday, April 2nd. They issued an “inline” rating and a $68.00 price target on the stock. UBS Group lifted their price objective on e.l.f. Beauty from $60.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Weiss Ratings upgraded e.l.f. Beauty from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, June 18th. Finally, Jefferies Financial Group reduced their target price on e.l.f. Beauty from $85.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $80.38.

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.