e.l.f. Beauty (NYSE:ELF) Price Target Raised to $130.00

e.l.f. Beauty (NYSE:ELF) had its target price boosted by JPMorgan Chase & Co. from $106.00 to $130.00 in a report released on Monday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other research firms also recently weighed in on ELF. Robert W. Baird raised their price target on e.l.f. Beauty from $105.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday, October 7th. The Goldman Sachs Group set a $100.00 price objective on e.l.f. Beauty in a report on Thursday, August 6th. Bank of America upped their price objective on e.l.f. Beauty from $100.00 to $118.00 and gave the stock a “buy” rating in a report on Tuesday, September 15th. Citigroup increased their price objective on e.l.f. Beauty from $118.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, October 14th. Finally, TD Cowen increased their price objective on e.l.f. Beauty from $85.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, e.l.f. Beauty currently has an average rating of “Moderate Buy” and a consensus target price of $111.19.

e.l.f. Beauty Stock Performance

NYSE ELF opened at $113.78 on Monday. e.l.f. Beauty has a 52-week low of $48.82 and a 52-week high of $132.37. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.82 and a current ratio of 2.55. The company has a market capitalization of $6.71 billion, a P/E ratio of 42.50, a P/E/G ratio of 3.23 and a beta of 1.61. The company has a fifty day moving average of $103.18 and a 200-day moving average of $80.10.

e.l.f. Beauty (NYSE:ELF) last announced 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. The company had revenue of $479.37 million during the quarter, compared to analyst estimates of $431.20 million. e.l.f. Beauty had a net margin of 3.38% and a return on equity of 14.07%. The firm’s quarterly revenue was up 35.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.89 earnings per share. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. As a group, equities research analysts predict that e.l.f. Beauty will post 2.65 EPS for the current fiscal year.

Insider Transactions at e.l.f. Beauty

In related news, CEO Tarang Amin sold 47,000 shares of the stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $103.31, for a total transaction of $4,855,570.00. Following the transaction, the chief executive officer owned 134,496 shares of the company’s stock, valued at approximately $13,894,781.76. This trade represents a 25.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lauren Levitan sold 1,034 shares of e.l.f. Beauty stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $93.15, for a total transaction of $96,317.10. Following the completion of the transaction, the director owned 10,516 shares in the company, valued at approximately $979,565.40. The trade was a 8.95% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 103,994 shares of company stock worth $10,695,981. Corporate insiders own 3.50% of the company’s stock.

Institutional Trading of e.l.f. Beauty

Hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in e.l.f. Beauty during the second quarter valued at about $428,262,000. State Street Corp grew its stake in shares of e.l.f. Beauty by 4.2% during the second quarter. State Street Corp now owns 1,874,997 shares of the company’s stock valued at $138,647,000 after buying an additional 75,842 shares during the last quarter. Primecap Management Co. CA purchased a new position in shares of e.l.f. Beauty in the second quarter worth about $78,202,000. Prime Capital Management Co Ltd purchased a new position in shares of e.l.f. Beauty in the second quarter worth about $44,736,000. Finally, Bank of America Corp DE increased its holdings in shares of e.l.f. Beauty by 45.9% in the first quarter. Bank of America Corp DE now owns 418,431 shares of the company’s stock worth $25,361,000 after buying an additional 131,572 shares during the period. 92.44% of the stock is owned by institutional investors.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc is a cosmetics and skincare company that develops, markets and sells beauty products under a portfolio of brands. Its offerings include makeup, skin care, hair care and other personal-care products designed to provide accessible, trend-focused beauty options across a range of categories.

The company’s portfolio includes e.l.f. Cosmetics, Well People, Keys Soulcare and Naturium. Its products are sold through mass retailers, specialty beauty stores, e-commerce platforms and the brands’ direct-to-consumer websites.