Bank Julius Baer & Co. Ltd Zurich Sells 9,393 Shares of e.l.f. Beauty $ELF

Bank Julius Baer & Co. Ltd Zurich lowered its stake in shares of e.l.f. Beauty (NYSE:ELF) by 21.4% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 34,485 shares of the company’s stock after selling 9,393 shares during the period. Bank Julius Baer & Co. Ltd Zurich owned approximately 0.06% of e.l.f. Beauty worth $4,393,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Y Intercept Hong Kong Ltd purchased a new position in shares of e.l.f. Beauty during the first quarter valued at approximately $425,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in e.l.f. Beauty in the 1st quarter valued at $11,907,000. Oak Thistle LLC lifted its stake in e.l.f. Beauty by 231.9% during the 1st quarter. Oak Thistle LLC now owns 8,468 shares of the company’s stock valued at $532,000 after acquiring an additional 5,917 shares in the last quarter. Avantax Advisory Services Inc. boosted its holdings in e.l.f. Beauty by 62.6% during the 1st quarter. Avantax Advisory Services Inc. now owns 3,952 shares of the company’s stock worth $248,000 after acquiring an additional 1,522 shares during the last quarter. Finally, Equitable Trust Co. grew its stake in shares of e.l.f. Beauty by 28.7% in the 1st quarter. Equitable Trust Co. now owns 5,646 shares of the company’s stock worth $355,000 after acquiring an additional 1,260 shares in the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. dropped their price target on shares of e.l.f. Beauty from $168.00 to $137.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. The Goldman Sachs Group decreased their price objective on shares of e.l.f. Beauty from $155.00 to $135.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Cowen reissued a “buy” rating on shares of e.l.f. Beauty in a research report on Wednesday, November 12th. Wall Street Zen cut e.l.f. Beauty from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Finally, Piper Sandler cut e.l.f. Beauty from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $150.00 to $100.00 in a research note on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, e.l.f. Beauty currently has an average rating of “Moderate Buy” and a consensus target price of $126.80.

Insider Transactions at e.l.f. Beauty

In other news, insider Kory Marchisotto sold 13,515 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $140.10, for a total value of $1,893,451.50. Following the sale, the insider owned 144,788 shares of the company’s stock, valued at $20,284,798.80. The trade was a 8.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Joshua Allen Franks sold 7,913 shares of the firm’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $145.00, for a total transaction of $1,147,385.00. Following the completion of the transaction, the senior vice president directly owned 99,369 shares of the company’s stock, valued at approximately $14,408,505. This trade represents a 7.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 296,430 shares of company stock valued at $40,444,041. 3.90% of the stock is currently owned by insiders.

e.l.f. Beauty Stock Performance

Shares of ELF opened at $69.90 on Friday. e.l.f. Beauty has a 1 year low of $49.40 and a 1 year high of $150.99. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.70 and a quick ratio of 1.76. The stock’s fifty day moving average price is $118.52 and its two-hundred day moving average price is $114.88. The firm has a market cap of $4.17 billion, a PE ratio of 49.23, a PEG ratio of 5.91 and a beta of 1.61.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.11. e.l.f. Beauty had a return on equity of 13.77% and a net margin of 5.90%.The company had revenue of $343.94 million during the quarter, compared to analyst estimates of $367.89 million. During the same quarter last year, the firm posted $0.77 EPS. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. e.l.f. Beauty has set its FY 2026 guidance at 2.800-2.850 EPS. On average, equities research analysts forecast that e.l.f. Beauty will post 2.38 EPS for the current year.

About e.l.f. Beauty

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.