BlackRock Fund Advisors recently announced the acquisition of new stake in e.l.f. Beauty Inc (NYSE:ELF). The institutional investor has increased its shareholding in the Consumer Defensive company by 3.32% to 7.66 million shares with purchase of 0.25 million shares. This fresh investment now brings its stake to 13.87% valued currently at $1.11 billion. In addition, Wellington Management Co. LLP raised its holdings by 1.7 million to 2.41 million shares. And Renaissance Technologies LLC has lifted its position by 17.75% or 0.34 million shares – to 2.27 million shares.
Currently, there are 53.77M common shares owned by the public and among those 52.70M shares have been available to trade.
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Insiders at the company have transacted a total of 225 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 34 of these insider trades were purchases, accounting for 641,200 shares. Insider sales of the common stock occurred on 191 occasions, with total insider shares sold totaling 1,158,932 shares.
The top 3 mutual fund holders in e.l.f. Beauty Inc are iShares Core S&P Small Cap ETF, Vanguard Total Stock Market ETF, and iShares Russell 2000 ETF. iShares Core S&P Small Cap ETF owns 3.69 million shares of the company’s stock, all valued at over $533.16 million. The company sold 5587.0 shares recently to bring their total holdings to about 6.69% of the shares outstanding. Vanguard Total Stock Market ETF bought 29794.0 shares to see its total holdings expand to 1.65 million shares valued at over $238.47 million and representing 2.99% of the shares outstanding. iShares Russell 2000 ETF sold 3834.0 shares to bring its total holdings to over 1.45 million shares at a value of $209.17 million. iShares Russell 2000 ETF now owns shares totaling to 2.63% of the shares outstanding.
The company’s stock has a 5-day price change of -2.38% and 46.93% over the past three months. ELF shares are trading 6.60% year to date (YTD), with the 12-month market performance up to 192.18% higher. It has a 12-month low price of $52.63 and touched a high of $164.71 over the same period. ELF has an average intraday trading volume of 1.43 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.37%, 16.91%, and 35.14% respectively.
Institutional ownership of e.l.f. Beauty Inc (NYSE: ELF) shares accounts for 96.68% of the company’s 53.77M shares outstanding. Mutual fund holders own 39.77%, while other institutional holders and individual stakeholders account for 57.39% and 21.09% respectively.
It has a market capitalization of $8.49B and a beta (3y monthly) value of 1.53. The stock’s trailing 12-month PE ratio is 72.07, while the earnings-per-share (ttm) stands at $2.13. The company has a PEG of 2.19 and a Quick Ratio of 1.89 with the debt-to-equity ratio at 0.16. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.57% over the week and 4.79% over the month.
Analysts forecast that e.l.f. Beauty Inc (ELF) will achieve an EPS of $0.51 for the current quarter, $0.25 for the next quarter and $3.11 for 2025. The lowest estimate earnings-per-share for the quarter is $0.32 while analysts give the company a high EPS estimate of $0.8. Comparatively, EPS for the current quarter was $0.48 a year ago. Earnings per share for the fiscal year are expected to increase by 64.09%, and 16.46% over the next financial year. EPS should grow at an annualized rate of 32.90% over the next five years, compared to 10.33% over the past 5-year period.
Looking at the support for the ELF, a number of firms have released research notes about the stock. Morgan Stanley stated their Equal-Weight rating for the stock in a research note on Jan-23-24, with the firm’s price target at $137-$168.
