Mitsubishi UFJ Asset Management Co. Ltd. Sells 6,232 Shares of e.l.f. Beauty $ELF

Mitsubishi UFJ Asset Management Co. Ltd. cut its holdings in e.l.f. Beauty (NYSE:ELF) by 16.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 32,101 shares of the company’s stock after selling 6,232 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.05% of e.l.f. Beauty worth $4,253,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of e.l.f. Beauty by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 5,347,046 shares of the company’s stock worth $708,377,000 after purchasing an additional 14,651 shares in the last quarter. Mackenzie Financial Corp boosted its stake in shares of e.l.f. Beauty by 11.0% in the second quarter. Mackenzie Financial Corp now owns 957,941 shares of the company’s stock valued at $119,206,000 after buying an additional 95,270 shares during the period. Marshall Wace LLP acquired a new stake in e.l.f. Beauty during the second quarter worth approximately $118,058,000. Voya Investment Management LLC increased its stake in e.l.f. Beauty by 60.7% during the 3rd quarter. Voya Investment Management LLC now owns 692,304 shares of the company’s stock worth $91,561,000 after acquiring an additional 261,489 shares during the period. Finally, Bank of America Corp DE raised its holdings in e.l.f. Beauty by 22.7% in the 2nd quarter. Bank of America Corp DE now owns 567,582 shares of the company’s stock valued at $70,630,000 after acquiring an additional 105,031 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

e.l.f. Beauty Stock Down 0.7%

ELF stock opened at $81.05 on Wednesday. The firm has a 50-day moving average price of $84.61 and a 200-day moving average price of $101.41. e.l.f. Beauty has a 12 month low of $49.40 and a 12 month high of $150.99. The company has a current ratio of 2.76, a quick ratio of 1.89 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $4.79 billion, a P/E ratio of 45.79, a price-to-earnings-growth ratio of 6.86 and a beta of 1.68.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data 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. 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 during the quarter, compared to analysts’ expectations of $461.78 million. During the same period in the prior year, the company earned $0.74 EPS. The firm’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. As a group, equities research analysts anticipate that e.l.f. Beauty will post 2.38 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ELF has been the topic of several analyst reports. Morgan Stanley set a $121.00 target price on e.l.f. Beauty in a report on Thursday, November 6th. Wall Street Zen raised shares of e.l.f. Beauty from a “sell” rating to a “hold” rating in a research report on Saturday, January 24th. Jefferies Financial Group initiated coverage on shares of e.l.f. Beauty in a research note on Wednesday, January 14th. They set a “buy” rating and a $110.00 price objective on the stock. Citigroup raised their target price on shares of e.l.f. Beauty from $110.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Finally, JPMorgan Chase & Co. boosted their target price on shares of e.l.f. Beauty from $103.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $119.13.

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.