Franklin Resources Inc. Acquires New Position in e.l.f. Beauty $ELF

Franklin Resources Inc. bought a new position in e.l.f. Beauty (NYSE:ELF) in the second quarter, according to its most recent filing with the SEC. The firm bought 9,416 shares of the company’s stock, valued at approximately $1,172,000.

Other large investors also recently bought and sold shares of the company. Champlain Investment Partners LLC raised its holdings in shares of e.l.f. Beauty by 19.7% in the first quarter. Champlain Investment Partners LLC now owns 2,665,026 shares of the company’s stock worth $167,337,000 after buying an additional 438,575 shares during the last quarter. Prime Capital Management Co Ltd increased its position in shares of e.l.f. Beauty by 167.8% in the 1st quarter. Prime Capital Management Co Ltd now owns 604,535 shares of the company’s stock valued at $37,959,000 after acquiring an additional 378,826 shares during the period. Swedbank AB raised its stake in e.l.f. Beauty by 42.6% in the 1st quarter. Swedbank AB now owns 1,157,760 shares of the company’s stock worth $72,696,000 after acquiring an additional 345,760 shares during the last quarter. Aberdeen Group plc lifted its position in e.l.f. Beauty by 152.3% during the 2nd quarter. Aberdeen Group plc now owns 379,658 shares of the company’s stock worth $47,245,000 after acquiring an additional 229,196 shares during the period. Finally, Boston Partners purchased a new stake in e.l.f. Beauty during the 1st quarter valued at about $12,973,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Trading Down 0.3%

e.l.f. Beauty stock opened at $81.34 on Friday. The firm has a market cap of $4.85 billion, a PE ratio of 57.28, a P/E/G ratio of 7.05 and a beta of 1.75. e.l.f. Beauty has a 12 month low of $49.40 and a 12 month high of $150.99. The stock’s 50 day simple moving average is $106.12 and its two-hundred day simple moving average is $115.07. The company has a current ratio of 2.70, a quick ratio of 1.76 and a debt-to-equity ratio of 0.73.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Wednesday, November 5th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.11. e.l.f. Beauty had a net margin of 5.90% and a return on equity of 13.77%. The firm had revenue of $343.94 million during the quarter, compared to analysts’ expectations of $367.89 million. During the same period in the previous year, the business posted $0.77 EPS. The business’s revenue was up 14.2% compared to the same quarter last year. e.l.f. Beauty has set its FY 2026 guidance at 2.800-2.850 EPS. Analysts anticipate that e.l.f. Beauty will post 2.38 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on ELF shares. Raymond James Financial raised their price objective on 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. Bank of America increased their price target on shares of e.l.f. Beauty from $135.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, September 17th. UBS Group decreased their price objective 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. Zacks Research lowered shares of e.l.f. Beauty from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 11th. Finally, Canaccord Genuity Group reduced their target price on shares of e.l.f. Beauty from $165.00 to $136.00 and set a “buy” rating for the company in a report on Thursday, November 6th. One equities 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $126.80.

Insiders Place Their Bets

In related news, SVP Joshua Allen Franks sold 7,913 shares of the company’s 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 completion of the transaction, the senior vice president owned 99,369 shares of the company’s stock, valued at approximately $14,408,505. This represents a 7.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Scott Milsten sold 55,581 shares of the stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $134.56, for a total value of $7,478,979.36. Following the transaction, the insider owned 112,406 shares in the company, valued at $15,125,351.36. This represents a 33.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 296,430 shares of company stock valued at $40,444,041. Insiders own 3.90% of the company’s stock.

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.