KBC Group NV Lowers Stock Holdings in e.l.f. Beauty $ELF

KBC Group NV reduced its holdings in e.l.f. Beauty (NYSE:ELF) by 14.8% in the 1st quarter, HoldingsChannel.com reports. The firm owned 135,231 shares of the company’s stock after selling 23,565 shares during the quarter. KBC Group NV’s holdings in e.l.f. Beauty were worth $8,196,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ELF. Migdal Insurance & Financial Holdings Ltd. purchased a new position in e.l.f. Beauty during the fourth quarter worth about $26,000. Hilton Head Capital Partners LLC purchased a new stake in e.l.f. Beauty in the 4th quarter valued at about $32,000. EverSource Wealth Advisors LLC increased its stake in shares of e.l.f. Beauty by 97.0% during 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 last quarter. Northwestern Mutual Wealth Management Co. increased its stake 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 valued at $39,000 after acquiring an additional 117 shares during the last quarter. Finally, Arax Advisory Partners purchased a new position in shares of e.l.f. Beauty during the 4th quarter worth about $41,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at e.l.f. Beauty

In other news, insider Kory Marchisotto sold 23,796 shares of the business’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $63.66, for a total transaction of $1,514,853.36. Following the transaction, the insider directly owned 152,417 shares of the company’s stock, valued at approximately $9,702,866.22. The trade was a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Mandy J. Fields sold 23,656 shares of the business’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $63.66, for a total transaction of $1,505,940.96. Following the transaction, the insider directly owned 77,437 shares in the company, valued at approximately $4,929,639.42. The trade was a 23.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 278,988 shares of company stock worth $18,354,580 over the last 90 days. 3.50% of the stock is owned by corporate insiders.

e.l.f. Beauty Stock Down 0.9%

Shares of NYSE ELF opened at $79.16 on Thursday. e.l.f. Beauty has a 12-month low of $48.82 and a 12-month high of $150.99. The company has a market cap of $4.67 billion, a P/E ratio of 172.10, a P/E/G ratio of 3.10 and a beta of 1.59. 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 stock has a fifty day moving average price of $64.11 and a 200 day moving average price of $71.63.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $423.06 million. During the same quarter in the previous year, the firm posted $0.78 earnings per share. The firm’s quarterly revenue was up 35.1% on a year-over-year basis. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. Research analysts anticipate that e.l.f. Beauty will post 2.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ELF has been the topic of several research analyst reports. Weiss Ratings raised shares of e.l.f. Beauty from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, June 18th. Piper Sandler reaffirmed a “neutral” rating on shares of e.l.f. Beauty in a research report on Friday, June 12th. UBS Group increased their price target on shares of e.l.f. Beauty from $60.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Morgan Stanley decreased their price target on shares of e.l.f. Beauty from $67.00 to $59.00 and set an “equal weight” rating on the stock in a report on Thursday, May 21st. Finally, Citigroup boosted their price objective on shares of e.l.f. Beauty from $87.00 to $92.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.38.

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.