Fred Alger Management LLC Increases Holdings in e.l.f. Beauty $ELF

Key Points

• Fred Alger Management increased its stake in e.l.f. Beauty by 40.9% in Q3 to 125,005 shares (adding 36,286 shares), representing roughly 0.21% of the company and valued at $16.56 million.
• e.l.f. posted a strong quarter with $1.24 EPS versus a $0.72 consensus and revenue of $489.5 million (up 37.8% YoY), and set FY2026 guidance of $3.05–$3.10 EPS.
• Analysts have an average rating of "Moderate Buy" with an average target of $122.07, while the stock opened at $73.66 and institutional investors own about 92.44% of shares.

Fred Alger Management LLC lifted its position in e.l.f. Beauty (NYSE:ELF - Free Report) by 40.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 125,005 shares of the company's stock after buying an additional 36,286 shares during the period. Fred Alger Management LLC owned approximately 0.21% of e.l.f. Beauty worth $16,561,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of ELF. EverSource Wealth Advisors LLC lifted its holdings in e.l.f. Beauty by 97.0% in the second quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company's stock valued at $32,000 after acquiring an additional 128 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of e.l.f. Beauty by 58.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company's stock valued at $39,000 after purchasing an additional 117 shares during the period. Whittier Trust Co. of Nevada Inc. increased its position in shares of e.l.f. Beauty by 29.3% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 384 shares of the company's stock valued at $52,000 after purchasing an additional 87 shares during the last quarter. MAI Capital Management increased its position in shares of e.l.f. Beauty by 129.1% during the 2nd quarter. MAI Capital Management now owns 394 shares of the company's stock valued at $49,000 after purchasing an additional 222 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC purchased a new stake in shares of e.l.f. Beauty during the 2nd quarter valued at about $49,000. Institutional investors own 92.44% of the company's stock.

Wall Street Analyst Weigh In

ELF has been the topic of several recent research reports. Zacks Research upgraded shares of e.l.f. Beauty from a "strong sell" rating to a "hold" rating in a research note on Monday, January 5th. Piper Sandler cut their target price on shares of e.l.f. Beauty from $100.00 to $85.00 and set a "neutral" rating for the company in a research report on Monday, December 22nd. Citigroup upped their target price on shares of e.l.f. Beauty from $110.00 to $115.00 and gave the company a "buy" rating in a report on Thursday, February 5th. Robert W. Baird set a $115.00 price target on shares of e.l.f. Beauty in a research note on Thursday, February 5th. Finally, UBS Group boosted their price objective on shares of e.l.f. Beauty from $98.00 to $102.00 and gave the company a "neutral" rating in a research report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $122.07.

e.l.f. Beauty Stock Performance

ELF opened at $73.66 on Tuesday. The company has a 50 day simple moving average of $84.59 and a two-hundred day simple moving average of $98.74. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.76 and a quick ratio of 1.89. The firm has a market cap of $4.35 billion, a P/E ratio of 41.62, a PEG ratio of 6.17 and a beta of 1.67. e.l.f. Beauty has a 1-year low of $49.40 and a 1-year high of $150.99.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last announced its quarterly earnings data on Wednesday, February 4th. The company reported $1.24 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $461.78 million. During the same period last 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. Equities analysts forecast that e.l.f. Beauty will post 2.38 earnings per share for the current fiscal year.

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.

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