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flag Two major investors cut their stakes in e.l.f. Beauty, following its disappointing earnings report.

flag Two investment firms reduced their stakes in e.l.f. flag Beauty, Inc. in the fourth quarter. flag Polen Capital Management LLC cut its holdings by 4.1%, and Great Lakes Advisors LLC reduced its stake by 24.0%. flag The company, known for its inclusive, clean, and cruelty-free cosmetics, recently reported earnings per share (EPS) below expectations. flag 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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