Granahan Investment Management LLC Acquires 10,718 Shares of e.l.f. Beauty $ELF

Granahan Investment Management LLC increased its holdings in e.l.f. Beauty (NYSE:ELF) by 12.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 98,837 shares of the company’s stock after purchasing an additional 10,718 shares during the period. Granahan Investment Management LLC owned approximately 0.17% of e.l.f. Beauty worth $13,094,000 at the end of the most recent quarter.

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

e.l.f. Beauty Trading Up 1.1%

NYSE ELF opened at $73.37 on Monday. e.l.f. Beauty has a 12 month low of $49.40 and a 12 month high of $150.99. The stock has a 50-day simple moving average of $84.66 and a 200 day simple moving average of $99.13. 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 company has a market capitalization of $4.33 billion, a PE ratio of 41.45, a P/E/G ratio of 6.17 and a beta of 1.67.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Wednesday, February 4th. The company reported $1.24 earnings per share (EPS) 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 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 company’s revenue was up 37.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.74 earnings per share. e.l.f. Beauty has set its FY 2026 guidance at 3.050-3.100 EPS. Research analysts forecast that e.l.f. Beauty will post 2.38 EPS for the current year.

Analysts Set New Price Targets

ELF has been the topic of several analyst reports. Robert W. Baird set a $115.00 target price on shares of e.l.f. Beauty in a report on Thursday, February 5th. Citigroup upped their price objective on shares of e.l.f. Beauty from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $92.00 target price on shares of e.l.f. Beauty in a research note on Thursday, January 29th. JPMorgan Chase & Co. increased their price target on e.l.f. Beauty from $103.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, February 5th. Finally, 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 target for the company. 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $119.13.

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.