The substantial outperformance of e.l.f. Beauty in the market over the past 5 years, as indicated by its 68.95% annualized return and the growth of a $100 investment to $1,443.34, suggests a strong positive sentiment and operational success. This historical performance, coupled with a significant market capitalization of $9.40 billion, indicates a robust financial position and market confidence, likely leading to continued investor interest and potentially further stock appreciation in the short term.