Granahan Investment Management LLC Lowers Stock Holdings in e.l.f. Beauty $ELF

Granahan Investment Management LLC decreased its position in shares of e.l.f. Beauty (NYSE:ELF) by 25.9% during the fourth quarter, HoldingsChannel reports. The firm owned 73,239 shares of the company’s stock after selling 25,598 shares during the period. Granahan Investment Management LLC’s holdings in e.l.f. Beauty were worth $5,569,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ELF. BNP Paribas Financial Markets raised its position in e.l.f. Beauty by 3,131.7% during the fourth quarter. BNP Paribas Financial Markets now owns 924,902 shares of the company’s stock valued at $70,330,000 after purchasing an additional 896,282 shares in the last quarter. Swedbank AB increased its holdings in shares of e.l.f. Beauty by 97.0% in the fourth quarter. Swedbank AB now owns 1,364,801 shares of the company’s stock worth $103,779,000 after buying an additional 672,071 shares during the period. Norges Bank purchased a new position in shares of e.l.f. Beauty in the fourth quarter worth about $38,895,000. Atreides Management LP purchased a new position in shares of e.l.f. Beauty in the second quarter worth about $61,479,000. Finally, Man Group plc purchased a new position in shares of e.l.f. Beauty in the second quarter worth about $52,316,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Stock Up 5.1%

NYSE ELF opened at $67.24 on Wednesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.35 and a quick ratio of 1.69. The stock has a market capitalization of $4.00 billion, a PE ratio of 146.17, a PEG ratio of 2.63 and a beta of 1.64. e.l.f. Beauty has a 1 year low of $48.82 and a 1 year high of $150.99. The business’s 50-day moving average is $59.62 and its 200 day moving average is $72.75.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Wednesday, May 20th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.03. The company had revenue of $449.29 million for the quarter, compared to analysts’ expectations of $423.06 million. e.l.f. Beauty had a return on equity of 11.02% and a net margin of 1.61%.e.l.f. Beauty’s quarterly revenue was up 35.1% on a year-over-year basis. During the same period last year, the firm earned $0.78 earnings per share. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. Sell-side analysts forecast that e.l.f. Beauty will post 2.42 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Bank of America decreased their price objective on e.l.f. Beauty from $93.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. B. Riley Financial decreased their price objective on e.l.f. Beauty from $130.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, May 26th. Jefferies Financial Group decreased their price objective on e.l.f. Beauty from $85.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Morgan Stanley decreased their price objective on e.l.f. Beauty from $67.00 to $59.00 and set an “equal weight” rating on the stock in a report on Thursday, May 21st. Finally, Canaccord Genuity Group decreased their price objective on e.l.f. Beauty from $100.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $78.31.

Insider Buying and Selling

In related news, insider Jennifer Catherine Hartnett sold 4,352 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $51.53, for a total value of $224,258.56. Following the sale, the insider directly owned 54,056 shares of the company’s stock, valued at $2,785,505.68. This trade represents a 7.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Joshua Allen Franks sold 3,505 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $51.53, for a total value of $180,612.65. Following the completion of the sale, the senior vice president directly owned 150,027 shares in the company, valued at $7,730,891.31. The trade was a 2.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 256,347 shares of company stock valued at $15,713,592 over the last ninety days. Corporate insiders own 3.90% of the company’s stock.

e.l.f. Beauty Company 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.