Atreides Management LP Acquires 44,301 Shares of e.l.f. Beauty $ELF

Atreides Management LP grew its holdings in e.l.f. Beauty (NYSE:ELF) by 9.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 538,348 shares of the company’s stock after buying an additional 44,301 shares during the quarter. e.l.f. Beauty comprises approximately 1.4% of Atreides Management LP’s holdings, making the stock its 22nd largest holding. Atreides Management LP’s holdings in e.l.f. Beauty were worth $71,320,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of ELF. EverSource Wealth Advisors LLC boosted its stake in shares of e.l.f. Beauty by 97.0% during the second quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company’s stock valued at $32,000 after purchasing an additional 128 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in 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 valued at $39,000 after buying an additional 117 shares during the period. Whittier Trust Co. of Nevada Inc. raised its stake in e.l.f. Beauty by 29.3% in 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 in the last quarter. MAI Capital Management raised its stake in e.l.f. Beauty by 129.1% in the second quarter. MAI Capital Management now owns 394 shares of the company’s stock worth $49,000 after buying an additional 222 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC purchased a new stake in e.l.f. Beauty during the second quarter worth $49,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Price Performance

NYSE ELF opened at $73.37 on Friday. The firm’s fifty day simple moving average is $84.66 and its two-hundred day simple moving average is $99.31. The firm has a market capitalization of $4.33 billion, a P/E ratio of 41.45, a P/E/G ratio of 6.17 and a beta of 1.68. The company has a current ratio of 2.76, a quick ratio of 1.89 and a debt-to-equity ratio of 0.70. e.l.f. Beauty has a 12-month low of $49.40 and a 12-month high of $150.99.

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 analyst estimates of $461.78 million. e.l.f. Beauty had a return on equity of 15.08% and a net margin of 6.84%.The business’s revenue for the quarter was up 37.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.74 EPS. 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.

Analyst Ratings Changes

Several brokerages have issued reports on ELF. UBS Group increased their target price on e.l.f. Beauty from $98.00 to $102.00 and gave the company a “neutral” rating in a research report on Thursday, February 5th. Citigroup upped their price objective on e.l.f. Beauty from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Jefferies Financial Group assumed coverage on e.l.f. Beauty in a research report on Wednesday, January 14th. They set a “buy” rating and a $110.00 price objective on the stock. TD Cowen cut their target price on e.l.f. Beauty from $110.00 to $100.00 and set a “buy” rating on the stock in a research note on Monday, February 9th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $92.00 target price on shares of e.l.f. Beauty in a report on Thursday, January 29th. One 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. According to data from MarketBeat.com, the company 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.