Deutsche Bank Aktiengesellschaft Cuts e.l.f. Beauty (NYSE:ELF) Price Target to $68.00

e.l.f. Beauty (NYSE:ELF) had its price objective lowered by Deutsche Bank Aktiengesellschaft from $95.00 to $68.00 in a report released on Monday,Benzinga reports. The firm currently has a hold rating on the stock.

A number of other research firms also recently weighed in on ELF. JPMorgan Chase & Co. increased their target price on shares of e.l.f. Beauty from $103.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, February 5th. Piper Sandler dropped their price target on shares of e.l.f. Beauty from $100.00 to $85.00 and set a “neutral” rating on the stock in a research report on Monday, December 22nd. TD Cowen reduced their price objective on shares of e.l.f. Beauty from $110.00 to $100.00 and set a “buy” rating on the stock in a research note on Monday, February 9th. Robert W. Baird set a $115.00 price objective on shares of e.l.f. Beauty in a research note on Thursday, February 5th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of e.l.f. Beauty in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $120.47.

e.l.f. Beauty Stock Up 3.0%

Shares of ELF opened at $62.40 on Monday. The stock’s 50-day moving average price is $79.89 and its two-hundred day moving average price is $93.51. e.l.f. Beauty has a 12 month low of $49.40 and a 12 month high of $150.99. The company has a market capitalization of $3.68 billion, a PE ratio of 35.26, a PEG ratio of 5.12 and a beta of 1.83. The company has a current ratio of 2.76, a quick ratio of 1.89 and a debt-to-equity ratio of 0.70.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.52. e.l.f. Beauty had a return on equity of 15.08% and a net margin of 6.84%.The company had revenue of $489.51 million during the quarter, compared to analysts’ expectations of $461.78 million. During the same quarter in the prior year, the firm posted $0.74 earnings per share. The business’s quarterly revenue was up 37.8% on a year-over-year basis. e.l.f. Beauty has set its FY 2026 guidance at 3.050-3.100 EPS. On average, analysts anticipate that e.l.f. Beauty will post 2.38 EPS for the current year.

Hedge Funds Weigh In On e.l.f. Beauty

Several institutional investors have recently added to or reduced their stakes in ELF. Granite Investment Partners LLC bought a new position in e.l.f. Beauty during the second quarter worth $20,778,000. Tran Capital Management L.P. bought a new stake in e.l.f. Beauty in the third quarter valued at $7,436,000. SG Americas Securities LLC increased its stake in e.l.f. Beauty by 1,967.8% in the fourth quarter. SG Americas Securities LLC now owns 155,253 shares of the company’s stock valued at $11,805,000 after purchasing an additional 147,745 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of e.l.f. Beauty by 0.3% during the third quarter. Vanguard Group Inc. now owns 5,347,046 shares of the company’s stock valued at $708,377,000 after purchasing an additional 14,651 shares during the period. Finally, Summit Creek Advisors LLC raised its holdings in shares of e.l.f. Beauty by 14.6% during the third quarter. Summit Creek Advisors LLC now owns 101,453 shares of the company’s stock valued at $13,440,000 after purchasing an additional 12,936 shares during the period. 92.44% of the stock is owned by institutional investors and hedge funds.

About e.l.f. Beauty

e.l.f. Beauty (NYSE: ELF) is an American cosmetics company known for offering an extensive range of affordable, trend-driven makeup and skincare products. The company’s portfolio spans foundations, lipsticks, mascaras, brushes, serums, masks and other beauty essentials, all positioned at accessible price points. e.l.f. Beauty maintains a direct-to-consumer platform through its e-commerce site and engages in widespread retail partnerships with major chains such as Target, Walmart, Ulta Beauty and Amazon.

Founded in 2004 and headquartered in Oakland, California, e.l.f.