Massachusetts Financial Services Co. MA Has $35.94 Million Stock Position in e.l.f. Beauty $ELF

Massachusetts Financial Services Co. MA lowered its stake in e.l.f. Beauty (NYSE:ELF) by 15.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 271,305 shares of the company’s stock after selling 48,176 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.46% of e.l.f. Beauty worth $35,942,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC raised its holdings in shares of e.l.f. Beauty by 97.0% during the second quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company’s stock worth $32,000 after acquiring an additional 128 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in e.l.f. Beauty by 58.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company’s stock worth $39,000 after purchasing an additional 117 shares in the last quarter. MAI Capital Management raised its stake in shares of e.l.f. Beauty by 129.1% in the 2nd quarter. MAI Capital Management now owns 394 shares of the company’s stock valued at $49,000 after purchasing an additional 222 shares during the period. Elevation Point Wealth Partners LLC acquired a new stake in shares of e.l.f. Beauty in the 2nd quarter valued at about $49,000. Finally, Huntington National Bank lifted its holdings in shares of e.l.f. Beauty by 133.3% in the second quarter. Huntington National Bank now owns 427 shares of the company’s stock valued at $53,000 after purchasing an additional 244 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Trading Up 3.3%

NYSE ELF opened at $91.94 on Thursday. e.l.f. Beauty has a 12 month low of $49.40 and a 12 month high of $150.99. The company has a current ratio of 2.70, a quick ratio of 1.76 and a debt-to-equity ratio of 0.73. The stock has a 50 day moving average of $79.09 and a 200-day moving average of $107.45. The company has a market cap of $5.48 billion, a PE ratio of 64.75, a PEG ratio of 8.47 and a beta of 1.73.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results 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 business had revenue of $343.94 million for the quarter, compared to the consensus estimate of $367.89 million. e.l.f. Beauty had a net margin of 5.90% and a return on equity of 13.77%. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.77 earnings per share. e.l.f. Beauty has set its FY 2026 guidance at 2.800-2.850 EPS. On average, equities research analysts anticipate that e.l.f. Beauty will post 2.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ELF shares. TD Cowen increased their price objective on e.l.f. Beauty from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. reduced their price target on e.l.f. Beauty from $137.00 to $103.00 and set an “overweight” rating for the company in a research report on Thursday, December 18th. Morgan Stanley set a $121.00 price target on shares of e.l.f. Beauty in a research note on Thursday, November 6th. Canaccord Genuity Group lowered their price objective on shares of 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, Jefferies Financial Group initiated coverage on shares of e.l.f. Beauty in a research report on Wednesday, January 14th. They issued a “buy” rating and a $110.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, e.l.f. Beauty has a consensus rating of “Moderate Buy” and an average target price of $121.63.

e.l.f. Beauty 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.