Voya Investment Management LLC Raises Stock Holdings in e.l.f. Beauty $ELF

Voya Investment Management LLC raised its holdings in e.l.f. Beauty (NYSE:ELF) by 60.7% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 692,304 shares of the company’s stock after acquiring an additional 261,489 shares during the quarter. Voya Investment Management LLC owned approximately 1.17% of e.l.f. Beauty worth $91,561,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the stock. Champlain Investment Partners LLC increased its position in shares of e.l.f. Beauty by 19.7% during the first 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 increased 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 worth $72,696,000 after purchasing an additional 345,760 shares during the period. Mackenzie Financial Corp raised its position in e.l.f. Beauty by 11.0% during the 2nd quarter. Mackenzie Financial Corp now owns 957,941 shares of the company’s stock valued at $119,206,000 after purchasing an additional 95,270 shares in the last quarter. Congress Asset Management Co. lifted its holdings in shares of e.l.f. Beauty by 1.3% in the 2nd quarter. Congress Asset Management Co. now owns 951,309 shares of the company’s stock worth $118,381,000 after buying an additional 12,339 shares during the period. Finally, Marshall Wace LLP purchased a new position in shares of e.l.f. Beauty during the second quarter valued at $118,058,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Insiders Place Their Bets

In other e.l.f. Beauty news, CEO Tarang Amin sold 116,315 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer owned 81,818 shares in the company, valued at approximately $10,819,612.32. This represents a 58.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.90% of the company’s stock.

e.l.f. Beauty Trading Up 4.1%

Shares of NYSE:ELF opened at $80.39 on Friday. The business’s 50-day moving average is $94.39 and its 200 day moving average is $114.02. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.70 and a quick ratio of 1.76. e.l.f. Beauty has a 1 year low of $49.40 and a 1 year high of $150.99. The firm has a market capitalization of $4.79 billion, a P/E ratio of 56.61, a P/E/G ratio of 7.97 and a beta of 1.75.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.11. e.l.f. Beauty had a return on equity of 13.77% and a net margin of 5.90%.The business had revenue of $343.94 million during the quarter, compared to the consensus estimate of $367.89 million. During the same quarter last year, the company earned $0.77 earnings per share. The company’s quarterly revenue was up 14.2% on a year-over-year basis. 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.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Robert W. Baird cut their target price on shares of 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. Jefferies Financial Group dropped their target price on e.l.f. Beauty from $150.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. Bank of America boosted their price target on e.l.f. Beauty from $135.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, September 17th. UBS Group dropped their price objective on e.l.f. Beauty from $150.00 to $105.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Finally, Wall Street Zen downgraded shares of e.l.f. Beauty from a “hold” rating to a “sell” rating in a report on Sunday, December 14th. One equities research 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 given a Sell rating to the company. According to data from MarketBeat.com, e.l.f. Beauty has a consensus rating of “Moderate Buy” and a consensus price target of $124.53.

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.