e.l.f. Beauty $ELF Stake Reduced by Zevenbergen Capital Investments LLC

Zevenbergen Capital Investments LLC cut its stake in e.l.f. Beauty (NYSE:ELF) by 7.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 466,968 shares of the company’s stock after selling 35,818 shares during the period. e.l.f. Beauty accounts for 1.2% of Zevenbergen Capital Investments LLC’s holdings, making the stock its 25th biggest holding. Zevenbergen Capital Investments LLC’s holdings in e.l.f. Beauty were worth $61,864,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Granite Investment Partners LLC acquired a new position in e.l.f. Beauty during the 2nd quarter valued at about $20,778,000. EFG Asset Management North America Corp. raised its holdings in shares of e.l.f. Beauty by 69.6% during the second quarter. EFG Asset Management North America Corp. now owns 35,304 shares of the company’s stock valued at $4,396,000 after buying an additional 14,492 shares during the last quarter. Quantitative Investment Management LLC bought a new stake in shares of e.l.f. Beauty during the first quarter valued at approximately $3,916,000. WASHINGTON TRUST Co boosted its position in shares of e.l.f. Beauty by 20.6% during the second quarter. WASHINGTON TRUST Co now owns 131,863 shares of the company’s stock worth $16,409,000 after buying an additional 22,480 shares during the period. Finally, Mackenzie Financial Corp grew its holdings in e.l.f. Beauty by 11.0% in the 2nd quarter. Mackenzie Financial Corp now owns 957,941 shares of the company’s stock worth $119,206,000 after buying an additional 95,270 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Insiders Place Their Bets

In other e.l.f. Beauty news, CEO Tarang Amin sold 116,315 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $132.24, for a total value of $15,381,495.60. Following the completion of the sale, the chief executive officer directly owned 81,818 shares of the company’s stock, valued at approximately $10,819,612.32. This represents a 58.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ELF. Bank of America lifted their target price on e.l.f. Beauty from $135.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, September 17th. UBS Group lowered their price target on e.l.f. Beauty from $150.00 to $105.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Jefferies Financial Group cut their price objective on shares of e.l.f. Beauty from $150.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. Robert W. Baird reduced their price objective on shares of e.l.f. Beauty from $145.00 to $125.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Finally, Zacks Research lowered shares of e.l.f. Beauty from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $124.53.

e.l.f. Beauty Stock Up 4.1%

Shares of ELF stock opened at $80.39 on Friday. e.l.f. Beauty has a 1 year low of $49.40 and a 1 year high of $150.99. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.76 and a current ratio of 2.70. The business’s fifty day moving average is $94.39 and its 200-day moving average is $114.02. The stock has a market cap of $4.79 billion, a PE ratio of 56.61, a price-to-earnings-growth ratio of 7.97 and a beta of 1.75.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Wednesday, November 5th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.11. e.l.f. Beauty had a return on equity of 13.77% and a net margin of 5.90%.The business had revenue of $343.94 million during the quarter, compared to analysts’ expectations of $367.89 million. During the same quarter last year, the business posted $0.77 earnings per share. The company’s quarterly revenue was up 14.2% on a year-over-year basis. e.l.f. Beauty has set its FY 2026 guidance at 2.800-2.850 EPS. Equities analysts expect that e.l.f. Beauty will post 2.38 earnings per share for the current fiscal 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.