Canaccord Genuity Group Lowers e.l.f. Beauty (NYSE:ELF) Price Target to $136.00

e.l.f. Beauty (NYSE:ELF) had its target price decreased by equities researchers at Canaccord Genuity Group from $165.00 to $136.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price points to a potential upside of 84.72% from the company’s current price.

ELF has been the topic of several other reports. Morgan Stanley set a $121.00 price objective on e.l.f. Beauty in a research report on Thursday. Bank of America boosted their price target on e.l.f. Beauty from $135.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, September 17th. UBS Group lowered their price target on e.l.f. Beauty from $150.00 to $105.00 and set a “neutral” rating on the stock in a report on Thursday. JPMorgan Chase & Co. lifted their price objective on e.l.f. Beauty from $130.00 to $168.00 and gave the stock an “overweight” rating in a report on Friday, October 10th. Finally, Cowen reissued a “buy” rating on shares of e.l.f. Beauty in a research report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, e.l.f. Beauty currently has an average rating of “Moderate Buy” and a consensus price target of $126.80.

e.l.f. Beauty Stock Performance

Shares of ELF stock opened at $73.62 on Thursday. The company has a market capitalization of $4.37 billion, a price-to-earnings ratio of 51.85, a price-to-earnings-growth ratio of 1.78 and a beta of 1.61. The company has a debt-to-equity ratio of 0.73, a quick ratio of 2.34 and a current ratio of 2.70. e.l.f. Beauty has a one year low of $49.40 and a one year high of $150.99. The company’s 50-day moving average is $130.44 and its 200 day moving average is $114.05.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Wednesday, November 5th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.11. e.l.f. Beauty had a net margin of 5.90% and a return on equity of 13.77%. The business had revenue of $343.94 million during the quarter, compared to analysts’ expectations of $367.89 million. During the same period in the previous year, the company earned $0.77 earnings per share. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. e.l.f. Beauty has set its FY 2026 guidance at 2.800-2.850 EPS. Sell-side analysts expect that e.l.f. Beauty will post 2.38 EPS for the current fiscal year.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, insider Mandy J. Fields sold 55,692 shares of the business’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $136.28, for a total transaction of $7,589,705.76. Following the completion of the sale, the insider owned 64,154 shares of the company’s stock, valued at approximately $8,742,907.12. The trade was a 46.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Joshua Allen Franks sold 7,913 shares of the company’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $145.00, for a total value of $1,147,385.00. Following the completion of the sale, the senior vice president owned 99,369 shares of the company’s stock, valued at approximately $14,408,505. The trade was a 7.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 301,060 shares of company stock valued at $40,994,733 in the last ninety days. Corporate insiders own 3.90% of the company’s stock.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Marshall Wace LLP purchased a new position in e.l.f. Beauty during the second quarter valued at approximately $118,058,000. Atreides Management LP purchased a new stake in shares of e.l.f. Beauty in the second quarter worth $61,479,000. Champlain Investment Partners LLC raised its position in shares of e.l.f. Beauty by 19.7% during the 1st quarter. Champlain Investment Partners LLC now owns 2,665,026 shares of the company’s stock valued at $167,337,000 after purchasing an additional 438,575 shares during the period. Man Group plc purchased a new position in shares of e.l.f. Beauty during the 2nd quarter valued at $52,316,000. Finally, Prime Capital Management Co Ltd lifted its stake in shares of e.l.f. Beauty by 167.8% during the 1st quarter. Prime Capital Management Co Ltd now owns 604,535 shares of the company’s stock valued at $37,959,000 after buying an additional 378,826 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.