Mitsubishi UFJ Asset Management Co. Ltd. Buys Shares of 32,101 e.l.f. Beauty $ELF

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of e.l.f. Beauty (NYSE:ELF) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 32,101 shares of the company’s stock, valued at approximately $2,375,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ELF. Global Retirement Partners LLC bought a new stake in shares of e.l.f. Beauty in the second quarter worth $329,000. Bank of New York Mellon Corp purchased a new stake in e.l.f. Beauty during the second quarter valued at $23,624,000. State of Wyoming bought a new position in e.l.f. Beauty in the second quarter valued at about $40,000. GSA Capital Partners LLP purchased a new position in e.l.f. Beauty in the second quarter worth about $2,889,000. Finally, Handelsbanken Fonder AB boosted its position in e.l.f. Beauty by 27.8% in the second quarter. Handelsbanken Fonder AB now owns 21,600 shares of the company’s stock worth $1,598,000 after purchasing an additional 4,700 shares during the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ELF shares. JPMorgan Chase & Co. cut their price target on e.l.f. Beauty from $111.00 to $106.00 and set an “overweight” rating for the company in a research note on Wednesday. Bank of America dropped their price objective on shares of e.l.f. Beauty from $93.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Jefferies Financial Group boosted their target price on shares of e.l.f. Beauty from $72.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. UBS Group upped their target price on shares of e.l.f. Beauty from $80.00 to $89.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Finally, Robert W. Baird set a $105.00 price target on shares of e.l.f. Beauty in a research report on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.31.

e.l.f. Beauty Stock Performance

Shares of ELF opened at $101.68 on Friday. The company has a quick ratio of 1.82, a current ratio of 2.55 and a debt-to-equity ratio of 0.69. The business has a 50-day simple moving average of $79.48 and a two-hundred day simple moving average of $72.18. The stock has a market cap of $6.00 billion, a price-to-earnings ratio of 101.68, a PEG ratio of 3.10 and a beta of 1.58. e.l.f. Beauty has a 52 week low of $48.82 and a 52 week high of $150.99.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data 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 return on equity of 14.07% and a net margin of 3.38%.The firm had revenue of $479.37 million for the quarter, compared to the consensus estimate of $431.20 million. During the same quarter last year, the company earned $0.89 earnings per share. The business’s revenue for the quarter was up 35.5% compared to the same quarter last year. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. On average, analysts expect that e.l.f. Beauty will post 2.61 EPS for the current year.

Key Headlines Impacting e.l.f. Beauty

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

• Positive Sentiment: Rhode is driving substantial growth. The Hailey Bieber-founded brand, acquired by e.l.f. for $1 billion, generated approximately $160 million of the company’s $479.4 million in latest-quarter sales. Total revenue rose 35.5% year over year, supporting the broader growth narrative. Rhode and e.l.f. Beauty growth article
• Positive Sentiment: Recent financial results were well ahead of expectations. e.l.f. reported quarterly EPS of $1.75 versus the $0.71 consensus and revenue of $479.37 million versus estimates of $431.21 million. Management’s fiscal 2027 EPS guidance is $3.50–$3.55, while analysts maintain a generally positive “Moderate Buy” consensus.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 50,164 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $78.24, for a total value of $3,924,831.36. Following the completion of the transaction, the chief executive officer directly owned 110,496 shares in the company, valued at $8,645,207.04. This represents a 31.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Joshua Allen Franks sold 5,718 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $100.00, for a total transaction of $571,800.00. Following the completion of the sale, the senior vice president directly owned 144,309 shares of the company’s stock, valued at approximately $14,430,900. This trade represents a 3.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 140,780 shares of company stock worth $10,091,078 in the last 90 days. Insiders own 3.50% of the company’s stock.

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.