Jefferies Financial Group Issues Positive Forecast for e.l.f. Beauty (NYSE:ELF) Stock Price

e.l.f. Beauty (NYSE:ELF) had its target price raised by equities researchers at Jefferies Financial Group from $100.00 to $132.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 15.13% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. B. Riley Financial reaffirmed a “buy” rating and set a $115.00 price target (up from $100.00) on shares of e.l.f. Beauty in a research report on Wednesday, September 16th. Citigroup increased their price objective on shares of e.l.f. Beauty from $118.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday. TD Cowen upped their target price on shares of e.l.f. Beauty from $85.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Zacks Research raised shares of e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a report on Friday, October 9th. Finally, Sanford C. Bernstein boosted their target price on e.l.f. Beauty from $121.00 to $127.00 and gave the stock an “outperform” rating in a research report on Thursday, September 17th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $107.12.

e.l.f. Beauty Stock Up 1.0%

ELF stock traded up $1.12 on Monday, reaching $114.66. 41,639 shares of the company traded hands, compared to its average volume of 2,527,682. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.55 and a quick ratio of 1.82. The firm has a fifty day simple moving average of $102.01 and a 200-day simple moving average of $78.99. e.l.f. Beauty has a one year low of $48.82 and a one year high of $137.52. The company has a market cap of $6.77 billion, a P/E ratio of 114.38, a price-to-earnings-growth ratio of 3.20 and a beta of 1.61.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Wednesday, August 5th. The company reported $1.75 earnings per share (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 business had revenue of $479.37 million during the quarter, compared to analysts’ expectations of $431.20 million. During the same period in the previous year, the company earned $0.89 earnings per share. The business’s revenue for the quarter was up 35.5% compared to the same quarter last year. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. Research analysts anticipate that e.l.f. Beauty will post 2.65 earnings per share for the current year.

Insider Buying and Selling at e.l.f. Beauty

In related news, Director Lauren Levitan sold 1,034 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $93.15, for a total value of $96,317.10. Following the completion of the sale, the director owned 10,516 shares in the company, valued at approximately $979,565.40. The trade was a 8.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Joshua Franks sold 8,366 shares of e.l.f. Beauty stock in a transaction on Monday, October 12th. The shares were sold at an average price of $110.01, for a total value of $920,343.66. Following the sale, the senior vice president directly owned 126,931 shares of the company’s stock, valued at approximately $13,963,679.31. This trade represents a 6.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 96,068 shares of company stock valued at $9,822,932. 3.50% of the stock is owned by corporate insiders.

Institutional Trading of e.l.f. Beauty

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Harrell Investment Partners LLC acquired a new stake in e.l.f. Beauty in the third quarter worth about $220,000. Retirement Planning Co of New England Inc. acquired a new stake in e.l.f. Beauty during the 3rd quarter worth about $202,000. GK Wealth Management LLC purchased a new position in shares of e.l.f. Beauty in the third quarter worth about $91,000. Balefire LLC acquired a new stake in shares of e.l.f. Beauty during the third quarter worth about $206,000. Finally, GAMMA Investing LLC raised its position in e.l.f. Beauty by 46.7% during the 3rd quarter. GAMMA Investing LLC now owns 2,737 shares of the company’s stock worth $276,000 after buying an additional 871 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

About e.l.f. Beauty

e.l.f. Beauty, Inc is a cosmetics and skin-care company that develops, markets and sells beauty products through mass retailers, specialty beauty stores, e-commerce platforms and its own websites. Its portfolio includes makeup, skin-care, body-care and related beauty products designed to offer accessible pricing and broad consumer appeal.

The company’s principal brand is e.l.f. Cosmetics, which offers products such as complexion makeup, eye cosmetics, lip products, brushes and skin-care items.