e.l.f. Beauty $ELF Holdings Trimmed by Fifth Third Bancorp

Fifth Third Bancorp decreased its holdings in shares of e.l.f. Beauty (NYSE:ELF) by 52.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,316 shares of the company’s stock after selling 8,197 shares during the period. Fifth Third Bancorp’s holdings in e.l.f. Beauty were worth $969,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Marshall Wace LLP bought a new stake in e.l.f. Beauty during the second quarter worth approximately $118,058,000. Atreides Management LP bought a new position in shares of e.l.f. Beauty in the second quarter valued at $61,479,000. Man Group plc bought a new position in shares of e.l.f. Beauty in the second quarter valued at $52,316,000. American Century Companies Inc. lifted its position in shares of e.l.f. Beauty by 148.5% during the 2nd quarter. American Century Companies Inc. now owns 490,928 shares of the company’s stock valued at $61,091,000 after acquiring an additional 293,369 shares during the last quarter. Finally, Baird Financial Group Inc. bought a new stake in shares of e.l.f. Beauty during the 2nd quarter worth $36,245,000. 92.44% of the stock is currently owned by institutional investors.

e.l.f. Beauty Trading Up 3.0%

Shares of NYSE:ELF opened at $93.85 on Friday. The stock has a market capitalization of $5.54 billion, a PE ratio of 53.03, a P/E/G ratio of 7.64 and a beta of 1.71. e.l.f. Beauty has a 1 year low of $49.40 and a 1 year high of $150.99. The firm has a fifty day moving average price of $83.10 and a 200 day moving average price of $102.66. 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 (NYSE:ELF) last posted its earnings results on Wednesday, February 4th. The company reported $1.24 earnings per share for the quarter, topping 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 company’s revenue for the quarter was up 37.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.74 EPS. e.l.f. Beauty has set its FY 2026 guidance at 3.050-3.100 EPS. Analysts expect that e.l.f. Beauty will post 2.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on ELF shares. Piper Sandler cut their target price on e.l.f. Beauty from $100.00 to $85.00 and set a “neutral” rating on the stock in a research report on Monday, December 22nd. JPMorgan Chase & Co. lifted their price target on e.l.f. Beauty from $103.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, February 5th. The Goldman Sachs Group cut their price objective on e.l.f. Beauty from $155.00 to $135.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Canaccord Genuity Group decreased their target price on shares of e.l.f. Beauty from $165.00 to $136.00 and set a “buy” rating for the company in a report on Thursday, November 6th. Finally, Zacks Research raised shares of e.l.f. Beauty from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.