Friedenthal Financial Buys New Holdings in e.l.f. Beauty $ELF

Friedenthal Financial purchased a new position in shares of e.l.f. Beauty (NYSE:ELF) during the third quarter, HoldingsChannel reports. The firm purchased 7,281 shares of the company’s stock, valued at approximately $965,000.

A number of other hedge funds also recently made changes to their positions in ELF. Champlain Investment Partners LLC boosted its stake in shares of e.l.f. Beauty by 19.7% during the 1st quarter. Champlain Investment Partners LLC now owns 2,665,026 shares of the company’s stock worth $167,337,000 after acquiring an additional 438,575 shares during the period. Swedbank AB lifted its holdings in e.l.f. Beauty by 42.6% during the 1st quarter. Swedbank AB now owns 1,157,760 shares of the company’s stock valued at $72,696,000 after purchasing an additional 345,760 shares during the last quarter. Mackenzie Financial Corp boosted its position 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 period. Congress Asset Management Co. increased its holdings in shares of e.l.f. Beauty by 1.3% in the second quarter. Congress Asset Management Co. now owns 951,309 shares of the company’s stock valued at $118,381,000 after purchasing an additional 12,339 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in shares of e.l.f. Beauty in the second quarter valued at about $118,058,000. 92.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ELF shares. Morgan Stanley set a $121.00 target price on shares of e.l.f. Beauty in a report on Thursday, November 6th. Piper Sandler decreased their target price on e.l.f. Beauty from $100.00 to $85.00 and set a “neutral” rating on the stock in a research report on Monday. Weiss Ratings reiterated a “hold (c)” rating on shares of e.l.f. Beauty in a research note on Wednesday, October 8th. Canaccord Genuity Group reduced their price target on 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. Finally, Robert W. Baird lowered 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. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, e.l.f. Beauty currently has an average rating of “Moderate Buy” and an average target price of $123.53.

e.l.f. Beauty Trading Down 0.9%

Shares of ELF stock opened at $78.46 on Wednesday. The stock has a market cap of $4.68 billion, a P/E ratio of 55.26, a price-to-earnings-growth ratio of 7.72 and a beta of 1.75. e.l.f. Beauty has a 1 year low of $49.40 and a 1 year 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 simple moving average of $92.23 and a 200 day simple moving average of $113.46.

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

Insider Buying and Selling

In related news, CEO Tarang Amin sold 116,315 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $132.24, for a total transaction of $15,381,495.60. Following the completion of the sale, the chief executive officer owned 81,818 shares of the company’s stock, valued at $10,819,612.32. This represents a 58.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 3.90% of the stock is currently owned by company insiders.

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.