Sarasin & Partners LLP Grows Position in e.l.f. Beauty $ELF

Sarasin & Partners LLP grew its position in shares of e.l.f. Beauty (NYSE:ELF) by 10.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 60,544 shares of the company’s stock after acquiring an additional 5,757 shares during the quarter. Sarasin & Partners LLP owned about 0.10% of e.l.f. Beauty worth $4,480,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in ELF. Cim Investment Management Inc. purchased a new position in e.l.f. Beauty in the first quarter worth about $366,000. Bank of America Corp DE boosted its position in shares of e.l.f. Beauty by 45.9% during the first quarter. Bank of America Corp DE now owns 418,431 shares of the company’s stock valued at $25,361,000 after buying an additional 131,572 shares during the period. Edgestream Partners L.P. grew its stake in shares of e.l.f. Beauty by 9.0% during the first quarter. Edgestream Partners L.P. now owns 19,727 shares of the company’s stock valued at $1,196,000 after buying an additional 1,621 shares during the last quarter. Centaurus Financial Inc. bought a new position in shares of e.l.f. Beauty during the first quarter valued at approximately $315,000. Finally, Amundi purchased a new stake in shares of e.l.f. Beauty in the first quarter worth approximately $333,000. 92.44% of the stock is owned by hedge funds and other institutional investors.

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

In related news, insider Kory Marchisotto sold 12,173 shares of the business’s stock in a transaction 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 transaction, the insider directly owned 169,695 shares in the company, valued at $14,936,553.90. The trade was a 6.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Mandy J. Fields sold 8,464 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $51.94, for a total value of $439,620.16. Following the transaction, the insider directly owned 111,288 shares in the company, valued at $5,780,298.72. This represents a 7.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 134,028 shares of company stock valued at $9,422,961. Corporate insiders own 3.50% of the company’s stock.

e.l.f. Beauty Stock Performance

Shares of ELF stock opened at $92.27 on Friday. The firm has a market cap of $5.44 billion, a price-to-earnings ratio of 92.27, a PEG ratio of 3.36 and a beta of 1.58. The company has a quick ratio of 1.69, a current ratio of 2.35 and a debt-to-equity ratio of 0.72. e.l.f. Beauty has a 52-week low of $48.82 and a 52-week high of $150.99. The company’s 50 day moving average is $70.51 and its 200 day moving average is $71.55.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $1.04. The firm had revenue of $479.37 million during the quarter, compared to analysts’ expectations of $431.20 million. e.l.f. Beauty had a return on equity of 14.15% and a net margin of 3.38%.The firm’s quarterly revenue was up 35.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.89 EPS. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. On average, sell-side analysts anticipate that e.l.f. Beauty will post 2.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Citigroup upped their price objective on e.l.f. Beauty from $87.00 to $92.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $64.00 target price on shares of e.l.f. Beauty in a research note on Tuesday, June 16th. JPMorgan Chase & Co. upped their price target on shares of e.l.f. Beauty from $94.00 to $111.00 and gave the stock an “overweight” rating in a report on Thursday. Raymond James Financial raised their price target on shares of e.l.f. Beauty from $85.00 to $87.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, July 14th. Finally, TD Cowen reiterated a “buy” rating and set a $85.00 price objective (up from $65.00) on shares of e.l.f. Beauty in a report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $89.25.

Key Stories Impacting e.l.f. Beauty

Here are the key news stories impacting e.l.f. Beauty this week:

• Positive Sentiment: Raised fiscal 2027 outlook: e.l.f. now expects 18%–20% net sales growth, up from 12%–14% previously, with revenue projected at approximately $1.9 billion–$2.0 billion and EPS of $3.50–$3.55, above analyst expectations. e.l.f. Beauty projects fiscal 2027 sales growth
• Positive Sentiment: Rhode is adding significant momentum: The acquired brand generated roughly $160 million in quarterly sales, while international revenue jumped 61%. Management plans to reinvest $50 million of tariff refunds to support global expansion and brand growth. e.l.f. Beauty Q1 earnings beat
• Positive Sentiment: Analyst targets moved higher: JPMorgan raised its target from $94 to $111 and maintained an overweight rating. B. Riley raised its target from $70 to $100 and assigned a buy rating, reinforcing optimism around the raised guidance and growth strategy.
• Neutral Sentiment: Tariff refunds boosted profitability: Approximately $50 million in refunds helped lift gross margin and nearly double net income. While this improved the quarter, investors may view the benefit as partly non-recurring as refunds wind down. e.l.f. Beauty tariff refunds
• Negative Sentiment: Some caution remains: UBS raised its target from $80 to $89 but kept a neutral rating, implying limited upside at recent levels. Investors are also monitoring the underlying performance of the legacy e.l.f. brand, post-acquisition leverage and continued insider selling. Kory Marchisotto sold 12,173 shares worth approximately $1.1 million, although she retained a substantial position.

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.