Illinois Municipal Retirement Fund Raises Stock Position in e.l.f. Beauty $ELF

Illinois Municipal Retirement Fund raised its position in e.l.f. Beauty (NYSE:ELF) by 148.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,993 shares of the company’s stock after purchasing 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.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of e.l.f. Beauty by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 5,487,304 shares of the company’s stock worth $417,255,000 after buying an additional 140,258 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of e.l.f. Beauty by 47.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,197,319 shares of the company’s stock valued at $167,086,000 after buying an additional 711,540 shares during the period. State Street Corp lifted its holdings in e.l.f. Beauty by 0.8% in the fourth quarter. State Street Corp now owns 1,737,181 shares of the company’s stock valued at $132,095,000 after acquiring an additional 13,231 shares during the last quarter. Swedbank AB lifted its holdings in e.l.f. Beauty by 97.0% in the fourth quarter. Swedbank AB now owns 1,364,801 shares of the company’s stock valued at $103,779,000 after acquiring an additional 672,071 shares during the last quarter. Finally, Ensign Peak Advisors Inc grew its position in e.l.f. Beauty by 37.7% in the fourth quarter. Ensign Peak Advisors Inc now owns 1,319,523 shares of the company’s stock worth $100,337,000 after acquiring an additional 361,371 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Stock Down 0.9%

e.l.f. Beauty stock opened at $79.16 on Thursday. e.l.f. Beauty has a fifty-two week low of $48.82 and a fifty-two week high of $150.99. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.69 and a current ratio of 2.35. The firm has a 50 day moving average price of $64.11 and a 200 day moving average price of $71.63. The company has a market capitalization of $4.67 billion, a PE ratio of 172.10, a price-to-earnings-growth ratio of 3.10 and a beta of 1.59.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Wednesday, May 20th. The company reported $0.32 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $423.06 million. During the same quarter in the previous year, the company earned $0.78 earnings per share. The firm’s quarterly 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. Research analysts expect that e.l.f. Beauty will post 2.42 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Tarang Amin sold 50,164 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $78.24, for a total transaction of $3,924,831.36. Following the completion of the transaction, the chief executive officer directly owned 110,496 shares in the company, valued at $8,645,207.04. This trade represents a 31.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jennifer Catherine Hartnett sold 25,357 shares of the firm’s stock in a transaction dated 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 transaction, the insider owned 28,699 shares of the company’s stock, valued at $2,295,920. This trade represents a 46.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 278,988 shares of company stock valued at $18,354,580. Insiders own 3.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on ELF. Weiss Ratings raised e.l.f. Beauty from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, June 18th. TD Cowen reaffirmed a “buy” rating and issued a $85.00 price target (up from $65.00) on shares of e.l.f. Beauty in a research note on Tuesday. Raymond James Financial increased their price target on e.l.f. Beauty from $85.00 to $87.00 and gave the stock a “strong-buy” rating in a report on Tuesday, July 14th. Sanford C. Bernstein assumed coverage on e.l.f. Beauty in a research report on Thursday, June 11th. They set a “market perform” rating and a $60.00 price objective for the company. Finally, UBS Group boosted their price objective on shares of e.l.f. Beauty from $60.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.