Wealth High Governance Capital Ltda Reduces Position in e.l.f. Beauty $ELF

Wealth High Governance Capital Ltda decreased its position in shares of e.l.f. Beauty (NYSE:ELF) by 35.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 36,000 shares of the company’s stock after selling 19,800 shares during the quarter. e.l.f. Beauty comprises 1.4% of Wealth High Governance Capital Ltda’s holdings, making the stock its 27th biggest position. Wealth High Governance Capital Ltda’s holdings in e.l.f. Beauty were worth $4,769,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its holdings in shares of e.l.f. Beauty by 97.0% in the second quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company’s stock valued at $32,000 after acquiring an additional 128 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of e.l.f. Beauty by 58.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company’s stock worth $39,000 after acquiring an additional 117 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in e.l.f. Beauty by 29.3% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 384 shares of the company’s stock worth $52,000 after purchasing an additional 87 shares during the period. MAI Capital Management boosted its stake in e.l.f. Beauty by 129.1% during the 2nd quarter. MAI Capital Management now owns 394 shares of the company’s stock worth $49,000 after purchasing an additional 222 shares during the period. Finally, Elevation Point Wealth Partners LLC purchased a new position in e.l.f. Beauty during the 2nd quarter worth $49,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Analysts Set New Price Targets

ELF has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their price objective on shares of e.l.f. Beauty from $103.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, February 5th. 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. Zacks Research raised e.l.f. Beauty from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Weiss Ratings restated a “hold (c)” rating on shares of e.l.f. Beauty in a research report on Wednesday, January 21st. Finally, UBS Group upped their price objective on e.l.f. Beauty from $98.00 to $102.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $119.13.

e.l.f. Beauty Stock Performance

e.l.f. Beauty stock traded up $1.19 during trading hours on Friday, reaching $73.77. 1,651,524 shares of the stock were exchanged, compared to its average volume of 2,195,386. The stock has a market cap of $4.36 billion, a P/E ratio of 41.60, a P/E/G ratio of 6.71 and a beta of 1.68. 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 has a 52-week low of $49.40 and a 52-week high of $150.99. The firm’s 50 day moving average is $84.75 and its 200 day moving average is $99.70.

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