Rockefeller Capital Management L.P. Has $14.59 Million Stock Holdings in e.l.f. Beauty $ELF

Key Points

• Rockefeller Capital Management increased its stake in e.l.f. Beauty by 83.3% in the fourth quarter, now holding 191,843 shares worth about $14.59 million.
• Several other institutions also adjusted positions, and institutional investors and hedge funds now own 92.44% of the company, highlighting heavy Wall Street involvement.
• e.l.f. Beauty reported strong quarterly results, with EPS of $0.32 and revenue of $449.29 million, both beating estimates; however, insiders have sold shares recently and analysts currently rate the stock a Moderate Buy with a consensus target of $78.31.

Rockefeller Capital Management L.P. lifted its position in shares of e.l.f. Beauty (NYSE:ELF - Free Report) by 83.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 191,843 shares of the company's stock after purchasing an additional 87,163 shares during the period. Rockefeller Capital Management L.P. owned about 0.32% of e.l.f. Beauty worth $14,588,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Royal Bank of Canada boosted its position 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 worth $9,650,000 after buying an additional 13,851 shares during the period. Integrated Wealth Concepts LLC increased its position in e.l.f. Beauty by 168.6% in the 1st quarter. Integrated Wealth Concepts LLC now owns 6,483 shares of the company's stock valued at $407,000 after acquiring an additional 4,069 shares during the period. NewEdge Advisors LLC raised its stake in shares of 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 acquiring an additional 2,985 shares during the last quarter. United Services Automobile Association bought a new position in shares of e.l.f. Beauty during the first quarter valued at $240,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of 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 worth $39,000 after purchasing an additional 117 shares during the period. Institutional investors and hedge funds own 92.44% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on ELF. Evercore assumed coverage on shares of e.l.f. Beauty in a research note on Thursday, April 2nd. They issued an "inline" rating and a $68.00 price objective on the stock. Sanford C. Bernstein began coverage on e.l.f. Beauty in a report on Thursday, June 11th. They set a "market perform" rating and a $60.00 target price on the stock. Citigroup reduced their price target on e.l.f. Beauty from $115.00 to $87.00 and set a "buy" rating on the stock in a research report on Wednesday, April 15th. Raymond James Financial reissued a "strong-buy" rating and issued a $85.00 price target on shares of e.l.f. Beauty in a research note on Thursday, May 21st. Finally, Jefferies Financial Group lowered their price objective on e.l.f. Beauty from $85.00 to $70.00 and set a "buy" rating for the company in a research report on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $78.31.

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

In other e.l.f. Beauty news, insider Jennifer Catherine Hartnett sold 4,352 shares of the stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $51.53, for a total transaction of $224,258.56. Following the transaction, the insider directly owned 54,056 shares in the company, valued at approximately $2,785,505.68. This represents a 7.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mandy J. Fields sold 4,327 shares of the firm's stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $51.53, for a total transaction of $222,970.31. Following the sale, the insider directly owned 106,961 shares of the company's stock, valued at approximately $5,511,700.33. This trade represents a 3.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 256,347 shares of company stock valued at $15,713,592 over the last ninety days. Insiders own 3.90% of the company's stock.

e.l.f. Beauty Price Performance

ELF stock opened at $63.37 on Wednesday. The company has a quick ratio of 1.69, a current ratio of 2.35 and a debt-to-equity ratio of 0.72. The firm has a market cap of $3.77 billion, a price-to-earnings ratio of 137.76, a PEG ratio of 2.46 and a beta of 1.63. The company's fifty day simple moving average is $59.66 and its 200 day simple moving average is $72.29. e.l.f. Beauty has a 12-month low of $48.82 and a 12-month high of $150.99.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last issued its quarterly earnings results on Wednesday, May 20th. The company reported $0.32 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.03. e.l.f. Beauty had a return on equity of 11.02% and a net margin of 1.61%.The firm had revenue of $449.29 million during the quarter, compared to the consensus estimate of $423.06 million. During the same period last year, the business posted $0.78 EPS. The business's revenue was up 35.1% compared to the same quarter last year. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. On average, analysts expect that e.l.f. Beauty will post 2.42 earnings per share for the current 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.

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