William Blair Investment Management LLC Lowers Stake in e.l.f. Beauty $ELF

William Blair Investment Management LLC decreased its position in shares of e.l.f. Beauty (NYSE:ELF) by 85.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 28,695 shares of the company’s stock after selling 173,230 shares during the period. William Blair Investment Management LLC’s holdings in e.l.f. Beauty were worth $3,802,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. grew its stake in e.l.f. Beauty by 29.3% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 384 shares of the company’s stock worth $52,000 after buying an additional 87 shares during the period. State of Michigan Retirement System boosted its position in e.l.f. Beauty by 0.7% during the 2nd quarter. State of Michigan Retirement System now owns 13,600 shares of the company’s stock worth $1,692,000 after purchasing an additional 100 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its position in e.l.f. Beauty by 1.9% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 5,426 shares of the company’s stock worth $719,000 after purchasing an additional 100 shares during the period. State of Wyoming increased its holdings in e.l.f. Beauty by 7.1% in the 3rd quarter. State of Wyoming now owns 1,595 shares of the company’s stock valued at $211,000 after purchasing an additional 106 shares in the last quarter. Finally, Securian Asset Management Inc. raised its position in e.l.f. Beauty by 2.7% in the third quarter. Securian Asset Management Inc. now owns 4,442 shares of the company’s stock valued at $588,000 after purchasing an additional 115 shares during the period. 92.44% of the stock is owned by hedge funds and other institutional investors.

e.l.f. Beauty Stock Performance

Shares of ELF opened at $81.05 on Wednesday. The firm has a market cap of $4.79 billion, a price-to-earnings ratio of 45.79, a PEG ratio of 6.86 and a beta of 1.68. The company has a quick ratio of 1.89, a current ratio of 2.76 and a debt-to-equity ratio of 0.70. The business’s 50 day moving average is $84.61 and its two-hundred day moving average is $101.41. e.l.f. Beauty has a 52-week low of $49.40 and a 52-week high of $150.99.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ELF. Canaccord Genuity Group decreased their target price on e.l.f. Beauty from $165.00 to $136.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. UBS Group raised their target price on e.l.f. Beauty from $98.00 to $102.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. JPMorgan Chase & Co. upped 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. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $92.00 price objective on shares of e.l.f. Beauty in a research report on Thursday, January 29th. Finally, Wall Street Zen upgraded shares of e.l.f. Beauty from a “sell” rating to a “hold” rating in a research note on Saturday, January 24th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, e.l.f. Beauty has a consensus rating of “Moderate Buy” and an average target price of $119.13.

About e.l.f. Beauty

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.