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

Mitsubishi UFJ Asset Management Co. Ltd. reduced its position in shares of e.l.f. Beauty (NYSE:ELF) by 16.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 32,101 shares of the company’s stock after selling 6,232 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in e.l.f. Beauty were worth $4,253,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in ELF. Vanguard Group Inc. boosted its position in 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 buying an additional 14,651 shares during the period. Mackenzie Financial Corp raised its stake in shares of e.l.f. Beauty by 11.0% during the second quarter. Mackenzie Financial Corp now owns 957,941 shares of the company’s stock valued at $119,206,000 after acquiring an additional 95,270 shares during the last quarter. Marshall Wace LLP bought a new position in shares of e.l.f. Beauty during the second quarter valued at $118,058,000. Voya Investment Management LLC lifted its holdings in shares of e.l.f. Beauty by 60.7% during the third quarter. Voya Investment Management LLC now owns 692,304 shares of the company’s stock worth $91,561,000 after purchasing an additional 261,489 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of e.l.f. Beauty by 22.7% during the second quarter. Bank of America Corp DE now owns 567,582 shares of the company’s stock worth $70,630,000 after purchasing an additional 105,031 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

e.l.f. Beauty Stock Performance

ELF stock opened at $81.05 on Wednesday. The firm has a market cap of $4.79 billion, a PE ratio of 45.79, a price-to-earnings-growth ratio of 6.86 and a beta of 1.68. 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 50-day moving average price of $84.61 and a 200-day moving average price of $101.41. e.l.f. Beauty has a 1-year low of $49.40 and a 1-year high of $150.99.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Wednesday, February 4th. The company reported $1.24 EPS for the quarter, topping the consensus estimate of $0.72 by $0.52. The business had revenue of $489.51 million during the quarter, compared to analysts’ expectations of $461.78 million. e.l.f. Beauty had a return on equity of 15.08% and a net margin of 6.84%.The firm’s revenue was up 37.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.74 earnings per share. e.l.f. Beauty has set its FY 2026 guidance at 3.050-3.100 EPS. As a group, equities research analysts expect that e.l.f. Beauty will post 2.38 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ELF. TD Cowen decreased their price objective on e.l.f. Beauty from $110.00 to $100.00 and set a “buy” rating for the company in a report on Monday, February 9th. Wall Street Zen raised e.l.f. Beauty from a “sell” rating to a “hold” rating in a research note on Saturday, January 24th. JPMorgan Chase & Co. lifted their price objective 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. Canaccord Genuity Group reduced their target price on e.l.f. Beauty from $165.00 to $136.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $92.00 target price on shares of e.l.f. Beauty in a research report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus 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.