Granite Investment Partners LLC Lowers Holdings in e.l.f. Beauty $ELF

Granite Investment Partners LLC trimmed its position in e.l.f. Beauty (NYSE:ELF) by 57.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 71,015 shares of the company’s stock after selling 95,955 shares during the period. Granite Investment Partners LLC owned 0.12% of e.l.f. Beauty worth $9,408,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of e.l.f. Beauty by 0.3% in the third quarter. Vanguard Group Inc. now owns 5,347,046 shares of the company’s stock worth $708,377,000 after buying an additional 14,651 shares in the last quarter. Mackenzie Financial Corp grew its position in e.l.f. Beauty by 11.0% during the second 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. Marshall Wace LLP bought a new position in e.l.f. Beauty in the 2nd quarter worth about $118,058,000. Voya Investment Management LLC increased its stake in e.l.f. Beauty by 60.7% in the 3rd quarter. Voya Investment Management LLC now owns 692,304 shares of the company’s stock worth $91,561,000 after acquiring an additional 261,489 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of e.l.f. Beauty by 22.7% in the 2nd quarter. Bank of America Corp DE now owns 567,582 shares of the company’s stock valued at $70,630,000 after acquiring an additional 105,031 shares in the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

e.l.f. Beauty Trading Up 3.0%

Shares of ELF opened at $93.85 on Monday. e.l.f. Beauty has a fifty-two week low of $49.40 and a fifty-two week high of $150.99. The firm has a market cap of $5.54 billion, a price-to-earnings ratio of 53.03, a PEG ratio of 7.90 and a beta of 1.71. The firm has a 50 day moving average price of $83.10 and a 200-day moving average price of $102.56. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.89 and a current ratio of 2.76.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ELF. JPMorgan Chase & Co. boosted their price objective 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. Zacks Research raised shares of e.l.f. Beauty from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $92.00 price target on shares of e.l.f. Beauty in a report on Thursday, January 29th. Wall Street Zen upgraded shares of e.l.f. Beauty from a “sell” rating to a “hold” rating in a research report on Saturday, January 24th. Finally, Citigroup lifted their price objective on shares of e.l.f. Beauty from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $119.13.

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.