Nomura Holdings Inc. Raises Stock Position in e.l.f. Beauty $ELF

Key Points

• Nomura Holdings Inc. increased its stock position in e.l.f. Beauty by 44.0%, owning 10,760 shares valued at $676,000 as of the latest reporting period.
• Institutional investors collectively own 92.44% of e.l.f. Beauty's stock, indicating strong institutional interest in the company.
• The stock's price target set by analysts varies, with Canaccord Genuity lowering it to $128.00 while Morgan Stanley raised it to $134.00, reflecting differing market perspectives.

Nomura Holdings Inc. boosted its stake in e.l.f. Beauty (NYSE:ELF - Free Report) by 44.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,760 shares of the company's stock after buying an additional 3,286 shares during the quarter. Nomura Holdings Inc.'s holdings in e.l.f. Beauty were worth $676,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. ProShare Advisors LLC raised its position in e.l.f. Beauty by 7.1% in the 4th quarter. ProShare Advisors LLC now owns 2,635 shares of the company's stock valued at $331,000 after buying an additional 174 shares during the last quarter. Signaturefd LLC raised its position in e.l.f. Beauty by 27.9% in the 1st quarter. Signaturefd LLC now owns 858 shares of the company's stock valued at $54,000 after buying an additional 187 shares during the last quarter. State of Michigan Retirement System raised its position in e.l.f. Beauty by 1.5% in the 1st quarter. State of Michigan Retirement System now owns 13,500 shares of the company's stock valued at $848,000 after buying an additional 200 shares during the last quarter. Louisiana State Employees Retirement System raised its position in e.l.f. Beauty by 1.3% in the 1st quarter. Louisiana State Employees Retirement System now owns 15,800 shares of the company's stock valued at $992,000 after buying an additional 200 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in e.l.f. Beauty by 1.0% in the 1st quarter. Fifth Third Bancorp now owns 21,751 shares of the company's stock valued at $1,366,000 after buying an additional 216 shares during the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Lauren Cooks Levitan sold 4,630 shares of e.l.f. Beauty stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $118.94, for a total value of $550,692.20. Following the completion of the transaction, the director directly owned 11,507 shares in the company, valued at approximately $1,368,642.58. The trade was a 28.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.90% of the company's stock.

e.l.f. Beauty Stock Performance

e.l.f. Beauty stock traded up $0.36 during midday trading on Friday, reaching $134.08. The stock had a trading volume of 2,399,615 shares, compared to its average volume of 2,115,771. The firm has a market capitalization of $7.95 billion, a PE ratio of 78.87, a P/E/G ratio of 3.29 and a beta of 1.59. e.l.f. Beauty has a 12 month low of $49.40 and a 12 month high of $147.33. The company has a quick ratio of 2.34, a current ratio of 3.26 and a debt-to-equity ratio of 0.32. The firm's 50-day moving average price is $118.90 and its 200 day moving average price is $92.94.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.89 earnings per share for the quarter, topping analysts' consensus estimates of $0.84 by $0.05. e.l.f. Beauty had a net margin of 7.29% and a return on equity of 16.36%. The firm had revenue of $353.74 million during the quarter, compared to analyst estimates of $348.99 million. During the same quarter last year, the business earned $1.10 earnings per share. The company's quarterly revenue was up 9.0% on a year-over-year basis. As a group, research analysts predict that e.l.f. Beauty will post 2.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ELF has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft lowered e.l.f. Beauty from a "buy" rating to a "hold" rating and increased their price target for the company from $121.00 to $128.00 in a research report on Tuesday, September 2nd. Raymond James Financial boosted their price target on shares of e.l.f. Beauty from $95.00 to $105.00 and gave the stock a "strong-buy" rating in a report on Thursday, May 29th. Piper Sandler initiated coverage on shares of e.l.f. Beauty in a research report on Thursday. They set an "overweight" rating and a $150.00 price target for the company. Bank of America lifted their price objective on shares of e.l.f. Beauty from $113.00 to $135.00 and gave the stock a "buy" rating in a research report on Friday, June 20th. Finally, JPMorgan Chase & Co. reduced their target price on shares of e.l.f. Beauty from $132.00 to $130.00 and set an "overweight" rating for the company in a research report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, e.l.f. Beauty currently has a consensus rating of "Moderate Buy" and a consensus price target of $126.81.

e.l.f. Beauty Profile

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.