Sarasin & Partners LLP Lowers Stock Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Sarasin & Partners LLP cut its holdings in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 36.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,995 shares of the company's stock after selling 14,250 shares during the period. Sarasin & Partners LLP's holdings in e.l.f. Beauty were worth $1,569,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ELF. Wilmington Savings Fund Society FSB grew its holdings in shares of e.l.f. Beauty by 84.9% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 429 shares of the company's stock valued at $54,000 after acquiring an additional 197 shares in the last quarter. Stephens Inc. AR grew its holdings in shares of e.l.f. Beauty by 9.3% in the fourth quarter. Stephens Inc. AR now owns 6,484 shares of the company's stock valued at $814,000 after acquiring an additional 553 shares in the last quarter. Aubrey Capital Management Ltd bought a new position in shares of e.l.f. Beauty in the fourth quarter valued at approximately $552,000. Legato Capital Management LLC bought a new position in shares of e.l.f. Beauty in the fourth quarter valued at approximately $926,000. Finally, Van ECK Associates Corp grew its holdings in shares of e.l.f. Beauty by 17.0% in the fourth quarter. Van ECK Associates Corp now owns 43,975 shares of the company's stock valued at $5,521,000 after acquiring an additional 6,387 shares in the last quarter. 92.44% of the stock is owned by institutional investors.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 51,353 shares of the firm's stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $53.36, for a total transaction of $2,740,196.08. Following the sale, the senior vice president now owns 114,660 shares in the company, valued at $6,118,257.60. This trade represents a 30.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Tarang Amin sold 97,915 shares of the firm's stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $53.36, for a total value of $5,224,744.40. Following the sale, the chief executive officer now owns 181,289 shares in the company, valued at $9,673,581.04. The trade was a 35.07% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 327,207 shares of company stock valued at $25,252,926. Company insiders own 3.50% of the company's stock.

e.l.f. Beauty Stock Performance

Shares of NYSE:ELF traded up $6.71 during trading on Wednesday, hitting $124.67. 2,909,988 shares of the company were exchanged, compared to its average volume of 2,533,218. The company has a market cap of $7.02 billion, a PE ratio of 73.77, a P/E/G ratio of 6.76 and a beta of 1.52. The stock has a 50 day moving average of $74.61 and a 200 day moving average of $91.36. e.l.f. Beauty, Inc. has a 52-week low of $49.40 and a 52-week high of $219.77. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.17.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.06. The company had revenue of $332.65 million during the quarter, compared to analyst estimates of $327.45 million. e.l.f. Beauty had a return on equity of 16.88% and a net margin of 7.55%. The firm's quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the company earned $0.53 earnings per share. As a group, equities research analysts predict that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ELF. Raymond James increased their price objective on e.l.f. Beauty from $95.00 to $105.00 and gave the company a "strong-buy" rating in a report on Thursday, May 29th. Morgan Stanley increased their price objective on e.l.f. Beauty from $70.00 to $105.00 and gave the company an "equal weight" rating in a report on Thursday, May 29th. Canaccord Genuity Group set a $114.00 price objective on e.l.f. Beauty in a report on Thursday, May 29th. Jefferies Financial Group set a $115.00 price objective on e.l.f. Beauty and gave the company a "buy" rating in a report on Thursday, May 29th. Finally, Piper Sandler reissued an "overweight" rating and set a $109.00 price objective (up from $81.00) on shares of e.l.f. Beauty in a report on Thursday, May 29th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $120.71.

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.