KBC Group NV Purchases 18,649 Shares of e.l.f. Beauty $ELF

KBC Group NV boosted its holdings in shares of e.l.f. Beauty (NYSE:ELF) by 6.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 302,511 shares of the company’s stock after acquiring an additional 18,649 shares during the period. KBC Group NV’s holdings in e.l.f. Beauty were worth $37,644,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. EFG Asset Management North America Corp. increased its stake in e.l.f. Beauty by 69.6% during the 2nd quarter. EFG Asset Management North America Corp. now owns 35,304 shares of the company’s stock worth $4,396,000 after purchasing an additional 14,492 shares in the last quarter. Quantitative Investment Management LLC acquired a new position in shares of e.l.f. Beauty in the first quarter valued at approximately $3,916,000. American Assets Inc. acquired a new position in shares of e.l.f. Beauty in the first quarter valued at approximately $791,000. Federated Hermes Inc. increased its position in shares of e.l.f. Beauty by 2,527.5% during the first quarter. Federated Hermes Inc. now owns 149,926 shares of the company’s stock worth $9,414,000 after acquiring an additional 144,220 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of e.l.f. Beauty by 1.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 522,732 shares of the company’s stock worth $32,822,000 after acquiring an additional 8,965 shares during the period. 92.44% of the stock is currently owned by institutional investors.

e.l.f. Beauty Trading Down 0.5%

Shares of e.l.f. Beauty stock opened at $77.59 on Thursday. The stock has a market cap of $4.63 billion, a P/E ratio of 54.64, a P/E/G ratio of 6.73 and a beta of 1.61. The company has a quick ratio of 1.76, a current ratio of 2.70 and a debt-to-equity ratio of 0.73. e.l.f. Beauty has a 12-month low of $49.40 and a 12-month high of $150.99. The business’s 50 day moving average is $127.53 and its 200-day moving average is $114.85.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Wednesday, November 5th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.11. The business had revenue of $343.94 million during 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%. The firm’s revenue was up 14.2% on a year-over-year basis. During the same period last year, the business earned $0.77 earnings per share. e.l.f. Beauty has set its FY 2026 guidance at 2.800-2.850 EPS. Equities research analysts predict that e.l.f. Beauty will post 2.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ELF. UBS Group reduced their target price on shares of e.l.f. Beauty from $150.00 to $105.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Robert W. Baird reduced their price objective on e.l.f. Beauty from $145.00 to $125.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. Deutsche Bank Aktiengesellschaft downgraded e.l.f. Beauty from a “buy” rating to a “hold” rating and increased their price objective for the stock from $121.00 to $128.00 in a report on Tuesday, September 2nd. Canaccord Genuity Group cut their target price on e.l.f. Beauty from $165.00 to $136.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. Finally, Raymond James Financial raised their price target on shares of e.l.f. Beauty from $155.00 to $165.00 and gave the stock a “strong-buy” rating in a research note on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $126.80.

Insider Activity at e.l.f. Beauty

In other news, insider Scott Milsten sold 55,581 shares of the company’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $134.56, for a total value of $7,478,979.36. Following the sale, the insider directly owned 112,406 shares of the company’s stock, valued at approximately $15,125,351.36. This represents a 33.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Joshua Allen Franks sold 7,913 shares of e.l.f. Beauty stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $145.00, for a total value of $1,147,385.00. Following the transaction, the senior vice president owned 99,369 shares of the company’s stock, valued at $14,408,505. The trade was a 7.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 296,430 shares of company stock worth $40,444,041 over the last ninety days. Company insiders own 3.90% of the company’s stock.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.