Bessemer Group Inc. Sells 6,739 Shares of e.l.f. Beauty $ELF

Bessemer Group Inc. lowered its stake in e.l.f. Beauty (NYSE:ELF) by 64.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,695 shares of the company’s stock after selling 6,739 shares during the quarter. Bessemer Group Inc.’s holdings in e.l.f. Beauty were worth $224,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in e.l.f. Beauty during the fourth quarter valued at approximately $26,000. Hilton Head Capital Partners LLC purchased a new stake in shares of e.l.f. Beauty during the fourth quarter worth about $32,000. EverSource Wealth Advisors LLC grew its holdings in 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 buying an additional 128 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in e.l.f. Beauty by 58.5% in 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 bought a new stake in shares of e.l.f. Beauty in the fourth quarter worth about $41,000. 92.44% of the stock is currently owned by institutional investors.

e.l.f. Beauty Stock Up 0.0%

Shares of ELF stock opened at $77.37 on Monday. 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 market capitalization of $4.56 billion, a PE ratio of 168.20, a P/E/G ratio of 3.02 and a beta of 1.59. The stock’s 50-day simple moving average is $64.94 and its 200-day simple moving average is $71.62.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Wednesday, May 20th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.29 by $0.03. The business had revenue of $449.29 million during the quarter, compared to analysts’ expectations of $423.06 million. e.l.f. Beauty had a net margin of 1.61% and a return on equity of 11.02%. The business’s quarterly revenue was up 35.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.78 EPS. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. Equities analysts expect that e.l.f. Beauty will post 2.41 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on ELF. Citigroup upped their price target 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. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $64.00 price objective on shares of e.l.f. Beauty in a research report on Tuesday, June 16th. Sanford C. Bernstein began coverage on shares of e.l.f. Beauty in a research note on Thursday, June 11th. They set a “market perform” rating and a $60.00 price target for the company. TD Cowen reaffirmed a “buy” rating and issued a $85.00 price objective (up from $65.00) on shares of e.l.f. Beauty in a research note on Tuesday, July 21st. Finally, Raymond James Financial increased their target price on e.l.f. Beauty from $85.00 to $87.00 and gave the company a “strong-buy” rating in a research report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $80.38.

Insider Buying and Selling

In other e.l.f. Beauty news, CEO Tarang Amin sold 50,164 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $78.24, for a total value of $3,924,831.36. Following the sale, the chief executive officer owned 110,496 shares in the company, valued at approximately $8,645,207.04. This represents a 31.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Kory Marchisotto sold 4,352 shares of the company’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $51.53, for a total transaction of $224,258.56. Following the completion of the transaction, the insider owned 181,868 shares of the company’s stock, valued at approximately $9,371,658.04. This trade represents a 2.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 121,855 shares of company stock valued at $8,351,493 in the last three months. 3.50% of the stock is currently owned by company insiders.

About e.l.f. Beauty

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.