Summit Creek Advisors LLC Increases Stock Holdings in e.l.f. Beauty $ELF

Summit Creek Advisors LLC boosted its position in shares of e.l.f. Beauty (NYSE:ELF) by 14.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 101,453 shares of the company’s stock after acquiring an additional 12,936 shares during the period. e.l.f. Beauty accounts for about 2.0% of Summit Creek Advisors LLC’s holdings, making the stock its 29th biggest position. Summit Creek Advisors LLC’s holdings in e.l.f. Beauty were worth $13,440,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Granite Investment Partners LLC purchased a new stake in shares of e.l.f. Beauty during the 2nd quarter valued at $20,778,000. EFG Asset Management North America Corp. grew its position in e.l.f. Beauty by 69.6% in the second quarter. EFG Asset Management North America Corp. now owns 35,304 shares of the company’s stock worth $4,396,000 after acquiring an additional 14,492 shares in the last quarter. Tran Capital Management L.P. bought a new position in e.l.f. Beauty in the third quarter valued at $7,436,000. WASHINGTON TRUST Co raised its position in e.l.f. Beauty by 20.6% during the second quarter. WASHINGTON TRUST Co now owns 131,863 shares of the company’s stock valued at $16,409,000 after purchasing an additional 22,480 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its stake in e.l.f. Beauty by 11.0% during the second quarter. Mackenzie Financial Corp now owns 957,941 shares of the company’s stock worth $119,206,000 after purchasing an additional 95,270 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ELF. Robert W. Baird reduced their price objective on e.l.f. Beauty from $145.00 to $125.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. Jefferies Financial Group cut their target price on e.l.f. Beauty from $150.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. JPMorgan Chase & Co. reduced their price target on shares of e.l.f. Beauty from $137.00 to $103.00 and set an “overweight” rating on the stock in a research report on Thursday, December 18th. Piper Sandler decreased their price target on shares of e.l.f. Beauty from $100.00 to $85.00 and set a “neutral” rating on the stock in a research note on Monday, December 22nd. Finally, Canaccord Genuity Group cut their price objective on shares of e.l.f. Beauty from $165.00 to $136.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, e.l.f. Beauty has an average rating of “Moderate Buy” and a consensus price target of $123.53.

e.l.f. Beauty Price Performance

Shares of e.l.f. Beauty stock opened at $87.02 on Monday. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.70 and a quick ratio of 1.76. e.l.f. Beauty has a one year low of $49.40 and a one year high of $150.99. The business’s 50 day simple moving average is $79.72 and its two-hundred day simple moving average is $109.50. The stock has a market capitalization of $5.19 billion, a P/E ratio of 61.28, a price-to-earnings-growth ratio of 8.27 and a beta of 1.73.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.11. e.l.f. Beauty had a return on equity of 13.77% and a net margin of 5.90%.The firm had revenue of $343.94 million during the quarter, compared to analyst estimates of $367.89 million. During the same quarter in the prior year, the firm posted $0.77 earnings per share. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. e.l.f. Beauty has set its FY 2026 guidance at 2.800-2.850 EPS. Analysts forecast that e.l.f. Beauty will post 2.38 EPS for the current year.

About e.l.f. Beauty

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.