Thrivent Financial for Lutherans Has $2.22 Million Stake in e.l.f. Beauty $ELF

Thrivent Financial for Lutherans reduced its position in e.l.f. Beauty (NYSE:ELF) by 85.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,871 shares of the company’s stock after selling 108,886 shares during the quarter. Thrivent Financial for Lutherans’ holdings in e.l.f. Beauty were worth $2,224,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Marshall Wace LLP acquired a new position in e.l.f. Beauty in the second quarter valued at $118,058,000. Atreides Management LP acquired a new position in shares of e.l.f. Beauty in the 2nd quarter valued at about $61,479,000. Champlain Investment Partners LLC lifted its stake in shares of e.l.f. Beauty by 19.7% in the 1st quarter. Champlain Investment Partners LLC now owns 2,665,026 shares of the company’s stock valued at $167,337,000 after purchasing an additional 438,575 shares during the period. Man Group plc bought a new stake in shares of e.l.f. Beauty during the 2nd quarter valued at about $52,316,000. Finally, Swedbank AB grew its stake in e.l.f. Beauty by 42.6% during the first quarter. Swedbank AB now owns 1,157,760 shares of the company’s stock worth $72,696,000 after purchasing an additional 345,760 shares during the period. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ELF has been the topic of several recent analyst reports. Piper Sandler dropped their price target on e.l.f. Beauty from $100.00 to $85.00 and set a “neutral” rating on the stock in a research note on Monday. Morgan Stanley set a $121.00 price objective on shares of e.l.f. Beauty in a research note on Thursday, November 6th. Weiss Ratings reissued a “hold (c)” rating on shares of e.l.f. Beauty in a research note on Wednesday, October 8th. Bank of America lifted their price target on shares of e.l.f. Beauty from $135.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, September 17th. Finally, Cowen reiterated a “buy” rating on shares of e.l.f. Beauty in a report on Wednesday, November 12th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, e.l.f. Beauty currently has a consensus rating of “Moderate Buy” and an average price target of $123.53.

Insider Activity at e.l.f. Beauty

In other news, CEO Tarang Amin sold 116,315 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $132.24, for a total value of $15,381,495.60. Following the completion of the sale, the chief executive officer directly owned 81,818 shares of the company’s stock, valued at $10,819,612.32. This represents a 58.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.90% of the stock is currently owned by company insiders.

e.l.f. Beauty Stock Performance

ELF opened at $78.46 on Wednesday. e.l.f. Beauty has a 1-year low of $49.40 and a 1-year high of $150.99. The company has a market cap of $4.68 billion, a price-to-earnings ratio of 55.26, a PEG ratio of 7.72 and a beta of 1.75. The company’s fifty day moving average price is $92.23 and its two-hundred day moving average price is $113.46. 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 EPS for the quarter, topping 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 company had revenue of $343.94 million during the quarter, compared to the consensus estimate of $367.89 million. During the same period in the previous year, the firm posted $0.77 earnings per share. 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, analysts expect that e.l.f. Beauty will post 2.38 EPS for the current fiscal year.

e.l.f. Beauty Company 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.