Sarasin & Partners LLP Makes New Investment in e.l.f. Beauty, Inc. (NYSE:ELF)

Sarasin & Partners LLP acquired a new position in e.l.f. Beauty, Inc. (NYSE:ELF) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 39,245 shares of the company’s stock, valued at approximately $4,927,000. Sarasin & Partners LLP owned 0.07% of e.l.f. Beauty as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new position in shares of e.l.f. Beauty in the third quarter worth approximately $25,000. Planning Capital Management Corp lifted its stake in shares of e.l.f. Beauty by 1,855.0% in the third quarter. Planning Capital Management Corp now owns 391 shares of the company’s stock worth $43,000 after buying an additional 371 shares in the last quarter. nVerses Capital LLC bought a new position in shares of e.l.f. Beauty in the third quarter worth approximately $44,000. Peterson Financial Group Inc. bought a new position in shares of e.l.f. Beauty in the third quarter worth approximately $45,000. Finally, Blue Trust Inc. lifted its stake in shares of e.l.f. Beauty by 2,357.1% in the third quarter. Blue Trust Inc. now owns 516 shares of the company’s stock worth $56,000 after buying an additional 495 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 890 shares of the stock in a transaction on Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $122,464.00. Following the completion of the transaction, the chief executive officer now owns 99,699 shares in the company, valued at $13,718,582.40. This trade represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Maureen C. Watson sold 785 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $130.00, for a total transaction of $102,050.00. Following the transaction, the director now owns 1,888 shares of the company’s stock, valued at $245,440. This trade represents a 29.37 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,205 shares of company stock valued at $297,442. Corporate insiders own 3.50% of the company’s stock.

e.l.f. Beauty Stock Performance

ELF opened at $127.17 on Monday. The stock has a market capitalization of $7.16 billion, a price-to-earnings ratio of 68.74, a PEG ratio of 2.17 and a beta of 1.50. The company has a fifty day moving average of $129.27 and a 200 day moving average of $136.48. e.l.f. Beauty, Inc. has a fifty-two week low of $98.50 and a fifty-two week high of $221.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.34. The company had revenue of $301.10 million during the quarter, compared to analysts’ expectations of $289.43 million. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. e.l.f. Beauty’s quarterly revenue was up 39.7% on a year-over-year basis. During the same period last year, the company posted $0.66 earnings per share. As a group, sell-side analysts forecast that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

ELF has been the topic of several analyst reports. Truist Financial upped their target price on shares of e.l.f. Beauty from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Piper Sandler increased their price objective on shares of e.l.f. Beauty from $165.00 to $167.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Jefferies Financial Group lowered their price objective on shares of e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of e.l.f. Beauty in a research report on Thursday, December 12th. They set a “hold” rating and a $133.00 price objective on the stock. Finally, Morgan Stanley upgraded shares of e.l.f. Beauty from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $139.00 to $153.00 in a research report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, e.l.f. Beauty presently has an average rating of “Moderate Buy” and an average target price of $169.06.

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.