Mackenzie Financial Corp Sells 104,433 Shares of e.l.f. Beauty $ELF

Mackenzie Financial Corp trimmed its position in e.l.f. Beauty (NYSE:ELF) by 10.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 853,508 shares of the company’s stock after selling 104,433 shares during the quarter. Mackenzie Financial Corp’s holdings in e.l.f. Beauty were worth $113,073,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Marshall Wace LLP purchased a new position in e.l.f. Beauty during the second quarter valued at approximately $118,058,000. Atreides Management LP purchased a new stake in shares of e.l.f. Beauty in the second quarter worth $61,479,000. Man Group plc purchased a new stake in shares of e.l.f. Beauty in the second quarter worth $52,316,000. American Century Companies Inc. raised its position in shares of e.l.f. Beauty by 148.5% during the 2nd quarter. American Century Companies Inc. now owns 490,928 shares of the company’s stock valued at $61,091,000 after purchasing an additional 293,369 shares during the period. Finally, Baird Financial Group Inc. bought a new stake in shares of e.l.f. Beauty during the 2nd quarter valued at $36,245,000. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Price Performance

Shares of NYSE:ELF opened at $79.88 on Thursday. The firm has a market cap of $4.72 billion, a price-to-earnings ratio of 45.13, a P/E/G ratio of 6.76 and a beta of 1.68. The firm has a fifty day moving average price of $84.82 and a 200 day moving average price of $99.89. e.l.f. Beauty has a fifty-two week low of $49.40 and a fifty-two week high of $150.99. 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 announced its quarterly earnings results on Wednesday, February 4th. The company reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.52. The company had revenue of $489.51 million for 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%. e.l.f. Beauty’s revenue for the quarter was up 37.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.74 EPS. e.l.f. Beauty has set its FY 2026 guidance at 3.050-3.100 EPS. As a group, sell-side analysts expect that e.l.f. Beauty will post 2.38 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ELF has been the subject of several recent analyst reports. Jefferies Financial Group began coverage on shares of e.l.f. Beauty in a report on Wednesday, January 14th. They issued a “buy” rating and a $110.00 target price for the company. Piper Sandler decreased their price target on e.l.f. Beauty from $100.00 to $85.00 and set a “neutral” rating on the stock in a report on Monday, December 22nd. Robert W. Baird set a $115.00 price objective on e.l.f. Beauty in a research report on Thursday, February 5th. UBS Group upped their price objective on e.l.f. Beauty from $98.00 to $102.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th. Finally, TD Cowen cut their target price on e.l.f. Beauty from $110.00 to $100.00 and set a “buy” rating for the company in a research report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and a consensus price target 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.