Louisiana State Employees Retirement System Makes New Investment in e.l.f. Beauty $ELF

Louisiana State Employees Retirement System acquired a new stake in e.l.f. Beauty (NYSE:ELF) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 17,100 shares of the company’s stock, valued at approximately $1,036,000.

A number of other institutional investors have also made changes to their positions in ELF. Royal Bank of Canada grew its stake in shares of e.l.f. Beauty by 9.9% in the first quarter. Royal Bank of Canada now owns 153,682 shares of the company’s stock valued at $9,650,000 after buying an additional 13,851 shares in the last quarter. Integrated Wealth Concepts LLC raised its position in e.l.f. Beauty by 168.6% during the first quarter. Integrated Wealth Concepts LLC now owns 6,483 shares of the company’s stock worth $407,000 after acquiring an additional 4,069 shares in the last quarter. NewEdge Advisors LLC lifted its stake 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 acquiring an additional 2,985 shares during the last quarter. United Services Automobile Association acquired a new stake in e.l.f. Beauty in the first quarter valued at $240,000. Finally, Northwestern Mutual Wealth Management Co. grew its position 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. Institutional investors own 92.44% of the company’s stock.

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, insider Jennifer Catherine Hartnett sold 25,357 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $80.00, for a total value of $2,028,560.00. Following the completion of the transaction, the insider directly owned 28,699 shares in the company, valued at approximately $2,295,920. This trade represents a 46.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kory Marchisotto sold 4,352 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $51.53, for a total transaction of $224,258.56. Following the completion of the transaction, the insider owned 181,868 shares of the company’s stock, valued at approximately $9,371,658.04. This trade represents a 2.34% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 278,988 shares of company stock valued at $18,354,580. Corporate insiders own 3.90% of the company’s stock.

Analyst Ratings Changes

ELF has been the topic of several recent analyst reports. Citigroup lowered their price objective on shares of e.l.f. Beauty from $115.00 to $87.00 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. Canaccord Genuity Group reduced their price target on e.l.f. Beauty from $100.00 to $90.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Bank of America lowered their price target on e.l.f. Beauty from $93.00 to $85.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. UBS Group set a $80.00 price objective on e.l.f. Beauty in a research note on Thursday, May 21st. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and set a $85.00 price objective on shares of e.l.f. Beauty in a research report on Thursday, May 21st. One 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’s stock. Based on data from MarketBeat, e.l.f. Beauty presently has an average rating of “Moderate Buy” and a consensus price target of $78.31.

e.l.f. Beauty Stock Down 0.2%

Shares of NYSE ELF opened at $76.23 on Friday. The company has a current ratio of 2.35, a quick ratio of 1.69 and a debt-to-equity ratio of 0.72. The company has a market cap of $4.53 billion, a price-to-earnings ratio of 165.73, a PEG ratio of 2.97 and a beta of 1.59. e.l.f. Beauty has a 12 month low of $48.82 and a 12 month high of $150.99. The stock has a 50-day moving average price of $60.27 and a two-hundred day moving average price of $71.94.

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, beating analysts’ consensus estimates of $0.29 by $0.03. The company 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 firm’s quarterly revenue was up 35.1% compared to the same quarter last year. During the same period last year, the company posted $0.78 EPS. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. As a group, analysts forecast that e.l.f. Beauty will post 2.42 earnings per share 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.