e.l.f. Beauty (ELF)

• Market cap: $7.15B
• 1 day: -5.20%
• 5 days: 0.83%
• 1 month: -5.89%
• 3 months: 17.61%
• 6 months: -25.63%
• Year to date: 3.22%
• 1 year: -22.16%
• 5 years: 738.51%
• 10 years: 379.06%
• Sector: Materials
• Industry: Perfumes, Cosmetics & Other Toilet Preparations

About: e.l.f. Beauty Inc is a multi-brand beauty company that offers inclusive, accessible, clean, vegan and cruelty-free cosmetics and skin care products. The Company's mission is to make the best of beauty accessible to every eye, lip, face, and skin concern. The company offers cosmetic accessories for women which include eyeliner, mascara, false eyelashes, lipstick, the foundation for the face, moisturizer, cleanser, and other tools through its stores and e-commerce channels. The products that the company sells are marketed under the e.l.f. Cosmetics, W3LL PEOPLE and Keys Soulcare brands. It carries out sales within the US and internationally, out of which maximum revenue is generated from the US.

Employees: 475

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

35% more repeat investments, than reductions

Existing positions increased: 208 | Existing positions reduced: 154

2.2% more ownership

Funds ownership: 100.22% [Q2] → 102.41% (+2.2%) [Q3]

15% less funds holding

Funds holding: 566 [Q2] → 480 (-86) [Q3]

17% less call options, than puts

Call options by funds: $441M | Put options by funds: $531M

47% less capital invested

Capital invested by funds: $11.9B [Q2] → $6.28B (-$5.62B) [Q3]

50% less first-time investments, than exits

New positions opened: 82 | Existing positions closed: 163

86% less funds holding in top 10

Funds holding in top 10: 7 [Q2] → 1 (-6) [Q3]

Research analyst outlook

13 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $115 9% downside
• Avg. target: $160 26% upside
• High target: $200 58% upside

13 analyst ratings

• positive: 11 85%
• neutral: 2 15%
• negative: 0 0%

UBS Peter Grom 41% 1-year accuracy 9 / 22 met price target	24% upside $158	Buy Maintained	16 Jan 2025
JP Morgan Andrea Teixeira 39% 1-year accuracy 21 / 54 met price target	28% upside $163	Overweight Maintained	16 Jan 2025
Morgan Stanley Dara Mohsenian 54% 1-year accuracy 19 / 35 met price target	21% upside $153	Overweight Upgraded	13 Jan 2025
Piper Sandler Korinne Wolfmeyer 36% 1-year accuracy 16 / 45 met price target	32% upside $167	Overweight Maintained	6 Jan 2025
DA Davidson Linda Bolton Weiser 38% 1-year accuracy 39 / 104 met price target	34% upside $170	Buy Maintained	23 Dec 2024