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Two major investors cut their stakes in e.l.f. Beauty, following its disappointing earnings report.
Two investment firms reduced their stakes in e.l.f.
Beauty, Inc. in the fourth quarter.
Polen Capital Management LLC cut its holdings by 4.1%, and Great Lakes Advisors LLC reduced its stake by 24.0%.
The company, known for its inclusive, clean, and cruelty-free cosmetics, recently reported earnings per share (EPS) below expectations.
Analysts predict a 2.38 EPS for the year and have given the company a "Moderate Buy" rating with an average target price of $132.94.
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Dos grandes inversores cortaron sus participaciones en e.l.f. Belleza, siguiendo su decepcionante informe de ganancias.