Fifth Third Bancorp Sells 8,197 Shares of e.l.f. Beauty $ELF

Fifth Third Bancorp decreased its holdings in e.l.f. Beauty (NYSE:ELF) by 52.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 7,316 shares of the company’s stock after selling 8,197 shares during the period. Fifth Third Bancorp’s holdings in e.l.f. Beauty were worth $969,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in ELF. Mackenzie Financial Corp increased its stake in e.l.f. Beauty by 11.0% in the second quarter. Mackenzie Financial Corp now owns 957,941 shares of the company’s stock valued at $119,206,000 after acquiring an additional 95,270 shares during the period. Marshall Wace LLP bought a new position in e.l.f. Beauty during the second quarter worth about $118,058,000. Voya Investment Management LLC boosted its holdings in e.l.f. Beauty by 60.7% during the third quarter. Voya Investment Management LLC now owns 692,304 shares of the company’s stock valued at $91,561,000 after purchasing an additional 261,489 shares in the last quarter. Bank of America Corp DE grew its stake in shares of e.l.f. Beauty by 22.7% in the 2nd quarter. Bank of America Corp DE now owns 567,582 shares of the company’s stock valued at $70,630,000 after purchasing an additional 105,031 shares during the period. Finally, Atreides Management LP bought a new stake in shares of e.l.f. Beauty in the 2nd quarter valued at approximately $61,479,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

e.l.f. Beauty Stock Performance

e.l.f. Beauty stock opened at $93.85 on Friday. The stock has a 50-day simple moving average of $83.10 and a 200 day simple moving average of $102.66. The stock has a market capitalization of $5.54 billion, a price-to-earnings ratio of 53.03, a P/E/G ratio of 7.64 and a beta of 1.71. 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.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.52. e.l.f. Beauty had a net margin of 6.84% and a return on equity of 15.08%. The firm had revenue of $489.51 million for the quarter, compared to analyst estimates of $461.78 million. During the same quarter in the prior year, the firm earned $0.74 EPS. The company’s revenue was up 37.8% on a year-over-year basis. e.l.f. Beauty has set its FY 2026 guidance at 3.050-3.100 EPS. On average, research analysts anticipate that e.l.f. Beauty will post 2.38 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Canaccord Genuity Group cut their target price on e.l.f. Beauty from $165.00 to $136.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. Morgan Stanley set a $121.00 price objective on e.l.f. Beauty in a report on Thursday, November 6th. Piper Sandler reduced their target price 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. Citigroup increased their target price on shares of e.l.f. Beauty from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $92.00 price target on shares of e.l.f. Beauty in a report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and a consensus target price of $119.13.

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.