e.l.f. Beauty $ELF Stock Holdings Increased by California State Teachers Retirement System

Key Points

• California State Teachers Retirement System increased its e.l.f. Beauty stake by 23.5% in the first quarter, purchasing 12,651 additional shares for a total holding of 66,447 shares valued at approximately $4.0 million.
• Other major institutional investors, including Vanguard, T. Rowe Price, State Street and Swedbank, also increased their positions; institutions collectively own 92.44% of ELF’s outstanding shares.
• e.l.f. Beauty reported strong quarterly results, with revenue up 35.5% year over year and EPS substantially exceeding estimates, while raising fiscal 2027 sales-growth guidance to 18%–20%. Analysts maintain a broadly positive view, though elevated valuation and insider selling remain risks.

California State Teachers Retirement System raised its position in shares of e.l.f. Beauty (NYSE:ELF - Free Report) by 23.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 66,447 shares of the company's stock after buying an additional 12,651 shares during the quarter. California State Teachers Retirement System owned about 0.11% of e.l.f. Beauty worth $4,027,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of e.l.f. Beauty by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 5,487,304 shares of the company's stock valued at $417,255,000 after acquiring an additional 140,258 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in e.l.f. Beauty by 47.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,197,319 shares of the company's stock worth $167,086,000 after purchasing an additional 711,540 shares during the period. State Street Corp boosted its holdings in e.l.f. Beauty by 0.8% in the fourth quarter. State Street Corp now owns 1,737,181 shares of the company's stock worth $132,095,000 after purchasing an additional 13,231 shares during the period. Swedbank AB increased its stake in e.l.f. Beauty by 97.0% during the fourth quarter. Swedbank AB now owns 1,364,801 shares of the company's stock valued at $103,779,000 after purchasing an additional 672,071 shares during the last quarter. Finally, Ensign Peak Advisors Inc raised its holdings in shares of e.l.f. Beauty by 37.7% during the fourth quarter. Ensign Peak Advisors Inc now owns 1,319,523 shares of the company's stock worth $100,337,000 after purchasing an additional 361,371 shares during the period. Institutional investors own 92.44% of the company's stock.

More e.l.f. Beauty News

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

• Positive Sentiment: Guidance was raised sharply: e.l.f. now expects fiscal 2027 net sales growth of 18%–20%, up from its prior 12%–14% forecast. Revenue is projected at approximately $1.9 billion–$2.0 billion, with EPS guidance of $3.50–$3.55. Fiscal 2027 outlook article
• Positive Sentiment: Rhode is providing meaningful growth: The acquired skincare brand generated approximately $160 million in quarterly sales, while international revenue climbed 61%. Management also plans to reinvest roughly $50 million in tariff refunds into global expansion and brand-building initiatives. Rhode growth article
• Positive Sentiment: Analyst sentiment improved: JPMorgan raised its price target from $94 to $111 and maintained an overweight rating. B. Riley lifted its target from $70 to $100 and assigned a buy rating, reflecting greater confidence in the raised outlook and global growth strategy.
• Neutral Sentiment: Some earnings support was temporary: About $50 million in tariff refunds boosted gross margin and profitability. Although management is reinvesting the funds, investors may discount part of the earnings benefit because tariff refunds are not necessarily recurring. Tariff refund article
• Negative Sentiment: Valuation and execution risks remain: UBS raised its target from $80 to $89 but retained a neutral rating, suggesting limited upside at recent levels. Investors are also watching legacy e.l.f. brand trends, acquisition-related leverage, and insider selling; executive Kory Marchisotto sold approximately $1.1 million of shares while retaining a substantial stake.

Analyst Ratings Changes

ELF has been the subject of several research reports. Citigroup lifted their price target on shares of e.l.f. Beauty from $87.00 to $92.00 and gave the company a "buy" rating in a report on Tuesday, July 14th. JPMorgan Chase & Co. increased their price objective on shares of e.l.f. Beauty from $94.00 to $111.00 and gave the stock an "overweight" rating in a research note on Thursday. Piper Sandler raised their target price on shares of e.l.f. Beauty from $50.00 to $65.00 and gave the stock a "neutral" rating in a report on Thursday. UBS Group lifted their target price on e.l.f. Beauty from $80.00 to $89.00 and gave the company a "neutral" rating in a research note on Thursday. Finally, Morgan Stanley lowered their target price on e.l.f. Beauty from $67.00 to $59.00 and set an "equal weight" rating for the company in a report on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $89.25.

Insiders Place Their Bets

In related news, CEO Tarang Amin sold 50,164 shares of the firm's stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $78.24, for a total value of $3,924,831.36. Following the sale, the chief executive officer directly owned 110,496 shares in the company, valued at $8,645,207.04. This trade represents a 31.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mandy J. Fields sold 8,464 shares of e.l.f. Beauty stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $51.94, for a total value of $439,620.16. Following the sale, the insider directly owned 111,288 shares in the company, valued at $5,780,298.72. The trade was a 7.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 134,028 shares of company stock worth $9,422,961. 3.50% of the stock is owned by company insiders.

e.l.f. Beauty Trading Up 7.1%

Shares of NYSE:ELF opened at $98.84 on Friday. The company has a market cap of $5.83 billion, a PE ratio of 98.84, a P/E/G ratio of 3.59 and a beta of 1.58. The company's 50-day moving average price is $71.37 and its 200 day moving average price is $71.74. e.l.f. Beauty has a fifty-two week low of $48.82 and a fifty-two week high of $150.99. The company has a quick ratio of 1.69, a current ratio of 2.55 and a debt-to-equity ratio of 0.69.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $1.75 EPS for the quarter, topping the consensus estimate of $0.71 by $1.04. e.l.f. Beauty had a net margin of 3.38% and a return on equity of 14.07%. The firm had revenue of $479.37 million during the quarter, compared to analysts' expectations of $431.20 million. During the same quarter in the prior year, the firm earned $0.89 EPS. e.l.f. Beauty's quarterly revenue was up 35.5% on a year-over-year basis. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. Sell-side analysts anticipate 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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