Granahan Investment Management LLC Has $13.09 Million Stock Holdings in e.l.f. Beauty $ELF

Granahan Investment Management LLC lifted its position in shares of e.l.f. Beauty (NYSE:ELF) by 12.2% during the third quarter, HoldingsChannel reports. The firm owned 98,837 shares of the company’s stock after buying an additional 10,718 shares during the quarter. Granahan Investment Management LLC’s holdings in e.l.f. Beauty were worth $13,094,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its position in shares of e.l.f. Beauty by 97.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company’s stock valued at $32,000 after buying an additional 128 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in e.l.f. Beauty by 58.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company’s stock worth $39,000 after acquiring an additional 117 shares in the last quarter. MAI Capital Management grew its stake in e.l.f. Beauty by 129.1% in the second quarter. MAI Capital Management now owns 394 shares of the company’s stock valued at $49,000 after acquiring an additional 222 shares during the period. Elevation Point Wealth Partners LLC acquired a new position in e.l.f. Beauty in the second quarter valued at about $49,000. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in shares of e.l.f. Beauty by 29.3% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 384 shares of the company’s stock worth $52,000 after acquiring an additional 87 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analyst Upgrades and Downgrades

ELF has been the topic of a number of research analyst reports. Zacks Research raised e.l.f. Beauty from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $92.00 price objective on shares of e.l.f. Beauty in a research report on Thursday, January 29th. Jefferies Financial Group initiated coverage on e.l.f. Beauty in a research note on Wednesday, January 14th. They set a “buy” rating and a $110.00 target price for the company. Robert W. Baird set a $115.00 target price on shares of e.l.f. Beauty in a report on Thursday, February 5th. Finally, JPMorgan Chase & Co. lifted their price target on shares of e.l.f. Beauty from $103.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $119.13.

e.l.f. Beauty Trading Up 1.1%

Shares of e.l.f. Beauty stock opened at $73.37 on Monday. The stock has a market cap of $4.33 billion, a P/E ratio of 41.45, a P/E/G ratio of 6.17 and a beta of 1.67. The company has a quick ratio of 1.89, a current ratio of 2.76 and a debt-to-equity ratio of 0.70. e.l.f. Beauty has a 12-month low of $49.40 and a 12-month high of $150.99. The business’s 50 day moving average is $84.66 and its 200-day moving average is $99.13.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Wednesday, February 4th. The company reported $1.24 earnings per share for the quarter, beating 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 net margin of 6.84% and a return on equity of 15.08%. The firm’s revenue was up 37.8% on a year-over-year basis. During the same period 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. Equities research analysts predict that e.l.f. Beauty will post 2.38 earnings per share for the current fiscal year.

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.