UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 11,227 Shares of e.l.f. Beauty $ELF

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its stake in e.l.f. Beauty (NYSE:ELF) by 8.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 129,438 shares of the company’s stock after selling 11,227 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in e.l.f. Beauty were worth $9,578,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Royal Bank of Canada boosted its stake in e.l.f. Beauty by 9.9% during the 1st quarter. Royal Bank of Canada now owns 153,682 shares of the company’s stock valued at $9,650,000 after purchasing an additional 13,851 shares during the last quarter. Integrated Wealth Concepts LLC grew its stake in shares of e.l.f. Beauty by 168.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 6,483 shares of the company’s stock valued at $407,000 after purchasing an additional 4,069 shares during the period. NewEdge Advisors LLC grew its position in e.l.f. Beauty by 176.4% during the first quarter. NewEdge Advisors LLC now owns 4,677 shares of the company’s stock valued at $294,000 after buying an additional 2,985 shares during the period. United Services Automobile Association bought a new stake in shares of e.l.f. Beauty during the 1st quarter valued at $240,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in e.l.f. Beauty by 58.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company’s stock valued at $39,000 after purchasing an additional 117 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Insider Buying and Selling at e.l.f. Beauty

In related news, insider Kory Marchisotto sold 12,173 shares of e.l.f. Beauty stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $88.02, for a total transaction of $1,071,467.46. Following the completion of the transaction, the insider directly owned 169,695 shares in the company, valued at approximately $14,936,553.90. This trade represents a 6.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Tarang Amin sold 50,164 shares of e.l.f. Beauty stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $78.24, for a total transaction of $3,924,831.36. Following the transaction, the chief executive officer directly owned 110,496 shares of the company’s stock, valued at approximately $8,645,207.04. This trade represents a 31.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 120,656 shares of company stock worth $9,365,864. Insiders own 3.50% of the company’s stock.

e.l.f. Beauty Trading Down 0.1%

Shares of NYSE:ELF opened at $109.58 on Monday. e.l.f. Beauty has a 1 year low of $48.82 and a 1 year high of $150.99. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.55 and a quick ratio of 1.82. The firm has a market capitalization of $6.47 billion, a P/E ratio of 109.58, a P/E/G ratio of 3.41 and a beta of 1.60. The business’s 50-day moving average is $87.94 and its 200 day moving average is $74.04.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.75 EPS for the quarter, topping the consensus estimate of $0.71 by $1.04. The business had revenue of $479.37 million during the quarter, compared to the consensus estimate of $431.20 million. e.l.f. Beauty had a net margin of 3.38% and a return on equity of 14.07%. The business’s revenue for the quarter was up 35.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.89 earnings per share. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. On average, research analysts predict that e.l.f. Beauty will post 2.64 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ELF. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $64.00 target price on shares of e.l.f. Beauty in a report on Tuesday, June 16th. Bank of America cut their target price on shares of e.l.f. Beauty from $93.00 to $85.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Citigroup boosted their price objective on e.l.f. Beauty from $87.00 to $92.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Morgan Stanley cut their price objective on shares of e.l.f. Beauty from $67.00 to $59.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 21st. Finally, Sanford C. Bernstein increased their price target on e.l.f. Beauty from $113.00 to $121.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, e.l.f. Beauty has an average rating of “Moderate Buy” and a consensus price target of $92.12.

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.