e.l.f. Beauty (NYSE:ELF) Stock Rating Upgraded by Zacks Research

e.l.f. Beauty (NYSE:ELF) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

Other analysts also recently issued reports about the company. Robert W. Baird set a $105.00 price objective on e.l.f. Beauty in a research note on Thursday, August 6th. UBS Group lifted their target price on e.l.f. Beauty from $80.00 to $89.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $64.00 price target on shares of e.l.f. Beauty in a research report on Tuesday, June 16th. Citigroup raised their price objective on e.l.f. Beauty from $87.00 to $92.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Finally, The Goldman Sachs Group set a $100.00 price objective on shares of e.l.f. Beauty in a report on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, e.l.f. Beauty has a consensus rating of “Moderate Buy” and an average target price of $90.81.

e.l.f. Beauty Stock Down 0.6%

e.l.f. Beauty stock opened at $92.08 on Wednesday. The firm has a market capitalization of $5.43 billion, a price-to-earnings ratio of 92.08, a price-to-earnings-growth ratio of 3.11 and a beta of 1.58. The firm’s fifty day moving average price is $74.70 and its two-hundred day moving average price is $71.66. e.l.f. Beauty has a 1-year low of $48.82 and a 1-year high of $150.99. The company has a current ratio of 2.55, a quick ratio of 1.82 and a debt-to-equity ratio of 0.69.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Wednesday, August 5th. The company reported $1.75 EPS for the quarter, topping the consensus estimate of $0.71 by $1.04. e.l.f. Beauty had a net margin of 3.38% and a return on equity of 14.07%. The company had revenue of $479.37 million during the quarter, compared to the consensus estimate of $431.20 million. During the same period in the previous year, the firm posted $0.89 earnings per share. The firm’s revenue for the quarter was up 35.5% on a year-over-year basis. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. On average, equities research analysts predict that e.l.f. Beauty will post 2.45 earnings per share for the current fiscal year.

Insider Transactions at e.l.f. Beauty

In related news, insider Kory Marchisotto sold 12,173 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $88.02, for a total transaction of $1,071,467.46. Following the completion of the sale, the insider directly owned 169,695 shares of the company’s stock, valued at approximately $14,936,553.90. This trade represents a 6.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Tarang Amin sold 50,164 shares of e.l.f. Beauty stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $78.24, for a total value of $3,924,831.36. Following the sale, the chief executive officer owned 110,496 shares in the company, valued at $8,645,207.04. This trade represents a 31.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 134,028 shares of company stock worth $9,422,961. 3.50% of the stock is owned by insiders.

Institutional Investors Weigh In On e.l.f. Beauty

Several large investors have recently made changes to their positions in ELF. BlackRock Inc. bought a new stake in shares of e.l.f. Beauty during the 2nd quarter worth $428,262,000. Vanguard Group Inc. grew its position in e.l.f. Beauty by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 5,487,304 shares of the company’s stock valued at $417,255,000 after buying an additional 140,258 shares during the period. Price T Rowe Associates Inc. MD grew its position in e.l.f. Beauty by 47.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,197,319 shares of the company’s stock valued at $167,086,000 after buying an additional 711,540 shares during the period. State Street Corp increased its holdings in e.l.f. Beauty by 0.8% during the fourth quarter. State Street Corp now owns 1,737,181 shares of the company’s stock worth $132,095,000 after buying an additional 13,231 shares during the last quarter. Finally, Swedbank AB increased its holdings in e.l.f. Beauty by 97.0% during the fourth quarter. Swedbank AB now owns 1,364,801 shares of the company’s stock worth $103,779,000 after buying an additional 672,071 shares during the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

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.