e.l.f. Beauty (NYSE:ELF – Get Free Report) had its target price lifted by analysts at Citigroup from $130.00 to $139.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup‘s price objective would indicate a potential upside of 19.60% from the stock’s current price.
A number of other brokerages have also weighed in on ELF. Morgan Stanley upped their price target on shares of e.l.f. Beauty from $90.00 to $103.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 15th. TD Cowen initiated coverage on shares of e.l.f. Beauty in a research note on Friday, October 30th. They set a “strong-buy” rating on the stock. Zacks Research raised e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a report on Friday, October 9th. Jefferies Financial Group increased their price target 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. Finally, Piper Sandler lifted their price target on e.l.f. Beauty from $100.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday. Three research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $117.50.
View Our Latest Report on e.l.f. Beauty
e.l.f. Beauty Price Performance
ELF stock traded up $6.37 during trading on Thursday, hitting $116.22. The company had a trading volume of 2,277,184 shares, compared to its average volume of 1,208,932. The firm has a market capitalization of $6.86 billion, a price-to-earnings ratio of 80.15, a P/E/G ratio of 2.91 and a beta of 1.61. The business has a 50 day moving average of $106.27 and a 200 day moving average of $82.18. e.l.f. Beauty has a fifty-two week low of $48.82 and a fifty-two week high of $123.13. 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 – Get Free Report) last announced its earnings results on Wednesday, November 4th. The company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.61. The firm had revenue of $520.82 million during the quarter, compared to analyst estimates of $473.51 million. e.l.f. Beauty had a net margin of 3.38% and a return on equity of 14.07%. e.l.f. Beauty’s revenue was up 51.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.68 EPS. As a group, research analysts predict that e.l.f. Beauty will post 2.69 earnings per share for the current year.
Insider Buying and Selling at e.l.f. Beauty
In related news, insider Mandy Fields sold 16,065 shares of the stock in a transaction that occurred on 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 completion of the sale, the insider directly owned 90,896 shares of the company’s stock, valued at $9,500,449.92. This represents a 15.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Joshua Franks sold 8,366 shares of the firm’s stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $110.01, for a total transaction of $920,343.66. Following the sale, the senior vice president owned 126,931 shares of the company’s stock, valued at $13,963,679.31. The trade was a 6.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 91,821 shares of company stock worth $9,624,513. 3.50% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Diversified Trust Co grew its holdings in shares of e.l.f. Beauty by 4.3% in the 3rd quarter. Diversified Trust Co now owns 9,552 shares of the company’s stock worth $964,000 after acquiring an additional 396 shares during the last quarter. Private Advisory Group LLC purchased a new stake in shares of e.l.f. Beauty during the third quarter valued at $1,389,000. Russell Investments Group Ltd. lifted its holdings in shares of e.l.f. Beauty by 92.6% during the third quarter. Russell Investments Group Ltd. now owns 83,526 shares of the company’s stock valued at $8,434,000 after purchasing an additional 40,154 shares during the last quarter. Eurizon Capital SGR S.p.A. boosted its position in shares of e.l.f. Beauty by 35.6% in the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 788 shares of the company’s stock valued at $80,000 after purchasing an additional 207 shares during the period. Finally, CENTRAL TRUST Co boosted its position in shares of e.l.f. Beauty by 17,570.0% in the 3rd quarter. CENTRAL TRUST Co now owns 1,767 shares of the company’s stock valued at $178,000 after purchasing an additional 1,757 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.
Key e.l.f. Beauty News
Here are the key news stories impacting e.l.f. Beauty this week:
- Positive Sentiment: Fiscal Q2 revenue rose 51.4% year over year to $520.8 million, while adjusted earnings of $1.21 per share substantially exceeded analyst expectations. The company also raised its FY2027 outlook, signaling confidence in continued growth. Article: e.l.f. Beauty Glows Up
- Positive Sentiment: The company extended its run to 31 consecutive quarters of net-sales growth. Management attributed performance to product innovation, while CEO comments that all its brands are growing reinforce the breadth of its momentum. Article: E.l.f. Beauty growth driven by innovation, not just pricing power Article: E.l.f. CEO: All of Our Brands Are Growing
- Positive Sentiment: Several firms raised their price targets after the results: Citigroup to $139 and JPMorgan to $135, both with bullish ratings, while UBS raised its target to $129 but kept a neutral rating. Citigroup rating information JPMorgan rating information UBS rating information
- Neutral Sentiment: e.l.f. is partnering with Palm Tree Crew for a multi-day Art Basel Miami activation, offering brand exposure but with no disclosed financial impact. Article: The Palm Tree Club & Hotel Miami is Turning into Hote.l.f
- Negative Sentiment: Piper Sandler raised its price target to $110 but maintained a neutral rating; that target remains below the stock’s recent trading level, suggesting some analysts see limited near-term upside. Piper Sandler rating information
About e.l.f. Beauty
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.
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