Champlain Investment Partners LLC Cuts Stake in e.l.f. Beauty $ELF

Champlain Investment Partners LLC trimmed its position in e.l.f. Beauty (NYSE:ELF) by 9.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,062,709 shares of the company’s stock after selling 215,677 shares during the quarter. e.l.f. Beauty comprises approximately 2.1% of Champlain Investment Partners LLC’s portfolio, making the stock its 2nd largest holding. Champlain Investment Partners LLC’s holdings in e.l.f. Beauty were worth $273,268,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ELF. Marshall Wace LLP acquired a new stake in e.l.f. Beauty in the second quarter valued at approximately $118,058,000. Atreides Management LP bought a new position in shares of e.l.f. Beauty in the 2nd quarter worth $61,479,000. Man Group plc acquired a new stake in e.l.f. Beauty in the 2nd quarter valued at $52,316,000. American Century Companies Inc. increased its stake in 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 purchasing an additional 293,369 shares in the last quarter. Finally, Baird Financial Group Inc. acquired a new position in e.l.f. Beauty during the second quarter worth $36,245,000. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Trading Down 11.5%

Shares of ELF stock opened at $81.49 on Tuesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.89 and a current ratio of 2.76. The company has a market capitalization of $4.81 billion, a price-to-earnings ratio of 46.04, a PEG ratio of 7.73 and a beta of 1.67. e.l.f. Beauty has a 52-week low of $49.40 and a 52-week high of $150.99. The company has a 50-day simple moving average of $84.56 and a two-hundred day simple moving average of $101.66.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Wednesday, February 4th. The company reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.52. The firm had revenue of $489.51 million for the quarter, compared to the consensus estimate 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 was up 37.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.74 EPS. e.l.f. Beauty has set its FY 2026 guidance at 3.050-3.100 EPS. Research analysts anticipate that e.l.f. Beauty will post 2.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ELF has been the subject of a number of analyst reports. Piper Sandler reduced their price objective on shares of e.l.f. Beauty from $100.00 to $85.00 and set a “neutral” rating for the company in a report on Monday, December 22nd. 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. TD Cowen cut their price target on e.l.f. Beauty from $110.00 to $100.00 and set a “buy” rating for the company in a research note on Monday, February 9th. Jefferies Financial Group started coverage on e.l.f. Beauty in a report on Wednesday, January 14th. They set a “buy” rating and a $110.00 price objective for the company. Finally, Citigroup raised their target price on e.l.f. Beauty from $110.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, February 5th. One investment 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 company. According to MarketBeat.com, e.l.f. Beauty currently has an average rating of “Moderate Buy” and a consensus 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.