e.l.f. Beauty (NYSE:ELF) Coverage Initiated by Analysts at TD Cowen

TD Cowen initiated coverage on shares of e.l.f. Beauty (NYSE:ELF) in a report issued on Friday,Zacks reports. The firm issued a strong-buy rating on the stock.

Several other equities analysts have also recently issued reports on the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $105.00 price target on shares of e.l.f. Beauty in a research report on Wednesday, October 21st. JPMorgan Chase & Co. increased their price objective on e.l.f. Beauty from $106.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, October 19th. Jefferies Financial Group lifted their target price on e.l.f. Beauty from $100.00 to $132.00 and gave the company a “buy” rating in a research note on Monday, October 19th. Piper Sandler lifted their target price on e.l.f. Beauty from $50.00 to $65.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Finally, B. Riley Financial reissued a “buy” rating and issued a $115.00 target price (up from $100.00) on shares of e.l.f. Beauty in a report on Wednesday, September 16th. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and an average target price of $112.06.

e.l.f. Beauty Trading Down 1.0%

Shares of e.l.f. Beauty stock opened at $111.78 on Friday. 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 $6.60 billion, a P/E ratio of 111.78, a PEG ratio of 3.00 and a beta of 1.61. e.l.f. Beauty has a 1 year low of $48.82 and a 1 year high of $124.99. The company’s fifty day moving average is $105.55 and its two-hundred day moving average is $81.58.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Wednesday, August 5th. The company reported $1.75 EPS for the quarter, beating analysts’ consensus estimates 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 prior year, the company earned $0.89 earnings per share. The business’s revenue 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. Analysts forecast that e.l.f. Beauty will post 2.66 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Mandy J. Fields sold 16,065 shares of the business’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $104.52, for a total transaction of $1,679,113.80. Following the transaction, the insider directly owned 90,896 shares in the company, valued at $9,500,449.92. The trade was a 15.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Kory Marchisotto sold 12,173 shares of the business’s stock in a transaction dated 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 transaction, the insider owned 169,695 shares in the company, valued at approximately $14,936,553.90. This trade represents a 6.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 103,994 shares of company stock valued at $10,695,981. Corporate insiders own 3.50% of the company’s stock.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Continuum Advisory LLC purchased a new stake in e.l.f. Beauty during the second quarter worth about $31,000. SBI Securities Co. Ltd. increased its holdings in e.l.f. Beauty by 64.5% in the third quarter. SBI Securities Co. Ltd. now owns 334 shares of the company’s stock valued at $34,000 after buying an additional 131 shares in the last quarter. State of Wyoming purchased a new position in e.l.f. Beauty in the second quarter valued at about $40,000. EverSource Wealth Advisors LLC lifted its position in shares of e.l.f. Beauty by 378.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 713 shares of the company’s stock valued at $43,000 after acquiring an additional 564 shares during the period. Finally, Signaturefd LLC lifted its position in shares of e.l.f. Beauty by 86.5% during the 3rd quarter. Signaturefd LLC now owns 513 shares of the company’s stock valued at $52,000 after acquiring an additional 238 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

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.