5 Junior Growth Stocks Jim Cramer is Talking About

4. e.l.f. Beauty, Inc. (NYSE:ELF)

Number of Hedge Fund Holders: 30

Analysts at Truist hold a Buy rating on e.l.f. Beauty, Inc. (NYSE:ELF), alongside a $110 price target as of May 25.

e.l.f. Beauty, Inc. (NYSE:ELF) was found among the 13F holdings of 30 hedge funds in the first quarter, with a total stake value of $505 million.

Cramer admitted on Mad Money that while Estée Lauder may have been a club-favorite in the cosmetics industry, e.l.f. Beauty, Inc. (NYSE:ELF) seems to have “bested” it with its success.

Diamond Hill Capital made the following comment about e.l.f. Beauty, Inc. (NYSE:ELF) in its fourth-quarter 2022 investor letter:

“New positions initiated in Q4 included shorts International Business Machines (IBM), Acushnet Holdings (GOLF) and E.l.f. Beauty, Inc. (NYSE:ELF). Shares of value-oriented beauty brand ELF received a meaningful boost from normalizing beauty usage and spending in a post-COVID environment, which we believe has contributed to its premium multiple relative to competitors in the beauty space. As this temporary lift unwinds, we expect elf’s valuation to similarly return to a level better aligned with its product offerings.”

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