WASHINGTON TRUST Co Has $16.41 Million Stock Holdings in e.l.f. Beauty $ELF

WASHINGTON TRUST Co boosted its position in shares of e.l.f. Beauty (NYSE:ELF) by 20.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 131,863 shares of the company’s stock after purchasing an additional 22,480 shares during the period. WASHINGTON TRUST Co owned 0.23% of e.l.f. Beauty worth $16,409,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Champlain Investment Partners LLC raised its stake in shares of e.l.f. Beauty by 19.7% during the 1st quarter. Champlain Investment Partners LLC now owns 2,665,026 shares of the company’s stock worth $167,337,000 after purchasing an additional 438,575 shares in the last quarter. Swedbank AB grew its holdings in e.l.f. Beauty by 42.6% during the 1st quarter. Swedbank AB now owns 1,157,760 shares of the company’s stock worth $72,696,000 after acquiring an additional 345,760 shares during the last quarter. Congress Asset Management Co. raised its stake in e.l.f. Beauty by 1.3% during the second quarter. Congress Asset Management Co. now owns 951,309 shares of the company’s stock worth $118,381,000 after buying an additional 12,339 shares during the last quarter. Mackenzie Financial Corp grew its stake in shares of e.l.f. Beauty by 68.0% in the 1st quarter. Mackenzie Financial Corp now owns 862,671 shares of the company’s stock valued at $54,167,000 after buying an additional 349,024 shares during the period. Finally, Zevenbergen Capital Investments LLC boosted its holdings in e.l.f. Beauty by 9.9% during the 1st quarter. Zevenbergen Capital Investments LLC now owns 682,009 shares of the company’s stock worth $42,823,000 after acquiring an additional 61,282 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Canaccord Genuity Group lowered their target price on shares of e.l.f. Beauty from $165.00 to $136.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. Morgan Stanley set a $121.00 price target on shares of e.l.f. Beauty in a report on Thursday, November 6th. JPMorgan Chase & Co. dropped their price target on shares of e.l.f. Beauty from $168.00 to $137.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Robert W. Baird lowered their target price on e.l.f. Beauty from $145.00 to $125.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. Finally, B. Riley boosted their price objective on e.l.f. Beauty from $150.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, September 10th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $126.80.

e.l.f. Beauty Price Performance

NYSE ELF traded down $1.28 on Thursday, reaching $76.46. The company had a trading volume of 195,976 shares, compared to its average volume of 2,542,536. The firm’s 50 day moving average price is $127.53 and its 200 day moving average price is $114.85. The stock has a market capitalization of $4.56 billion, a PE ratio of 54.10, a price-to-earnings-growth ratio of 6.73 and a beta of 1.61. The company has a quick ratio of 1.76, a current ratio of 2.70 and a debt-to-equity ratio of 0.73. 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, November 5th. The company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.11. The firm had revenue of $343.94 million during the quarter, compared to analysts’ expectations of $367.89 million. e.l.f. Beauty had a return on equity of 13.77% and a net margin of 5.90%.The firm’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.77 EPS. e.l.f. Beauty has set its FY 2026 guidance at 2.800-2.850 EPS. As a group, equities analysts predict that e.l.f. Beauty will post 2.38 earnings per share for the current year.

Insider Activity at e.l.f. Beauty

In related news, insider Mandy J. Fields sold 55,692 shares of the company’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $136.28, for a total transaction of $7,589,705.76. Following the completion of the sale, the insider directly owned 64,154 shares of the company’s stock, valued at approximately $8,742,907.12. This represents a 46.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Joshua Allen Franks sold 7,913 shares of the business’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $145.00, for a total value of $1,147,385.00. Following the transaction, the senior vice president owned 99,369 shares of the company’s stock, valued at approximately $14,408,505. This represents a 7.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 296,430 shares of company stock valued at $40,444,041 in the last quarter. 3.90% of the stock is owned by corporate insiders.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.