Tran Capital Management L.P. Grows Position in e.l.f. Beauty $ELF

Tran Capital Management L.P. raised its stake in shares of e.l.f. Beauty (NYSE:ELF) by 29.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,515 shares of the company’s stock after acquiring an additional 16,383 shares during the period. e.l.f. Beauty comprises approximately 0.7% of Tran Capital Management L.P.’s investment portfolio, making the stock its 29th largest holding. Tran Capital Management L.P.’s holdings in e.l.f. Beauty were worth $5,514,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of ELF. Marshall Wace LLP bought a new stake in shares of e.l.f. Beauty in the 2nd quarter worth $118,058,000. Atreides Management LP bought a new position in shares of e.l.f. Beauty during the second quarter valued at about $61,479,000. Man Group plc bought a new position in shares of e.l.f. Beauty during the second quarter valued at about $52,316,000. Woodline Partners LP bought a new position in shares of e.l.f. Beauty during the third quarter valued at about $52,613,000. Finally, Baird Financial Group Inc. purchased a new position in e.l.f. Beauty during the second quarter worth about $36,245,000. 92.44% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other e.l.f. Beauty news, CEO Tarang Amin sold 52,880 shares of the stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $62.64, for a total transaction of $3,312,403.20. Following the completion of the transaction, the chief executive officer directly owned 98,416 shares of the company’s stock, valued at approximately $6,164,778.24. This represents a 34.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 3.90% of the company’s stock.

e.l.f. Beauty News Summary

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

• Positive Sentiment: Evercore initiated coverage with an “in-line” rating and a $68 price target (about ~11% above the current price), which can attract buyer interest and act as a nearer-term valuation anchor for the stock. Read More.
• Neutral Sentiment: Marketing push — e.l.f. launched a true-crime–inspired mockumentary campaign promoting its affordable positioning; this is a brand/awareness play that can support sales over time but is unlikely to move the stock immediately. Read More.
• Neutral Sentiment: Institutional backing remains strong: several large funds increased positions during the quarter, which provides stability and longer-term support for the share base. (This underpins institutional interest but doesn’t guarantee near-term upside.) Read More.
• Negative Sentiment: Insider sale — CEO Tarang Amin sold 52,880 shares (~$3.3M) under a pre-arranged Rule 10b5-1 plan, reducing his stake by ~35%. Even if planned, large insider selling can sour sentiment and prompt short-term selling. Read More.
• Negative Sentiment: Short interest rose ~21.4% in March, increasing potential downside pressure and volatility if shorts remain active or pick up momentum. Read More.
• Negative Sentiment: Recent price action: coverage and news flow coincided with a notable intra-day pullback, highlighting current bearish momentum and technical pressure from the 50- and 200-day moving averages being well above the market price. Read More.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on ELF shares. Weiss Ratings reiterated a “hold (c)” rating on shares of e.l.f. Beauty in a research note on Wednesday, January 21st. Evercore started coverage on e.l.f. Beauty in a report on Thursday. They issued an “inline” rating and a $68.00 target price for the company. Deutsche Bank Aktiengesellschaft decreased their price target on e.l.f. Beauty from $95.00 to $68.00 and set a “hold” rating for the company in a research report on Monday, March 30th. JPMorgan Chase & Co. lifted their price target on e.l.f. Beauty from $103.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, February 5th. Finally, UBS Group boosted their price objective on e.l.f. Beauty from $98.00 to $102.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $117.19.

e.l.f. Beauty Stock Performance

Shares of ELF stock opened at $61.16 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.89 and a current ratio of 2.76. The firm has a market cap of $3.61 billion, a price-to-earnings ratio of 34.55, a P/E/G ratio of 3.76 and a beta of 1.83. e.l.f. Beauty has a 52 week low of $49.40 and a 52 week high of $150.99. The firm’s 50-day simple moving average is $78.59 and its two-hundred day simple moving average is $92.35.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Wednesday, February 4th. The company reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.52. e.l.f. Beauty had a net margin of 6.84% and a return on equity of 15.08%. The firm had revenue of $489.51 million during the quarter, compared to the consensus estimate of $461.78 million. During the same period in the prior year, the firm earned $0.74 EPS. The company’s revenue was up 37.8% compared to the same quarter last year. e.l.f. Beauty has set its FY 2026 guidance at 3.050-3.100 EPS. As a group, equities analysts forecast that e.l.f. Beauty will post 2.38 earnings per share for the current year.

e.l.f. Beauty 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.