e.l.f. Beauty (NYSE:ELF) Issues Earnings Results

e.l.f. Beauty (NYSE:ELF) issued its earnings results on Wednesday. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.03, FiscalAI reports. e.l.f. Beauty had a net margin of 6.84% and a return on equity of 15.08%. The company had revenue of $449.29 million for the quarter, compared to analyst estimates of $423.06 million. e.l.f. Beauty updated its FY 2027 guidance to 3.270-3.320 EPS.

e.l.f. Beauty Stock Down 4.4%

NYSE ELF traded down $2.32 during trading hours on Wednesday, reaching $50.66. 8,562,627 shares of the company’s stock were exchanged, compared to its average volume of 2,445,270. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.89 and a current ratio of 2.76. The company has a market capitalization of $2.99 billion, a price-to-earnings ratio of 28.62, a price-to-earnings-growth ratio of 3.38 and a beta of 1.71. The company’s 50-day moving average is $65.17 and its two-hundred day moving average is $76.96. e.l.f. Beauty has a one year low of $50.13 and a one year high of $150.99.

Insider Buying and Selling

In related news, CEO Tarang Amin sold 52,880 shares of the company’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $62.64, for a total value of $3,312,403.20. Following the completion of the transaction, the chief executive officer directly owned 98,416 shares of the company’s stock, valued at approximately $6,164,778.24. This represents a 34.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Mandy J. Fields sold 23,656 shares of e.l.f. Beauty stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $63.66, for a total value of $1,505,940.96. Following the completion of the sale, the insider directly owned 77,437 shares in the company, valued at $4,929,639.42. This represents a 23.40% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 210,013 shares of company stock valued at $13,315,490. 3.90% of the stock is owned by corporate insiders.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Pacer Advisors Inc. raised its holdings in shares of e.l.f. Beauty by 80.6% in the fourth quarter. Pacer Advisors Inc. now owns 14,096 shares of the company’s stock valued at $1,072,000 after purchasing an additional 6,291 shares during the last quarter. Invesco Ltd. boosted its holdings in e.l.f. Beauty by 1.4% during the fourth quarter. Invesco Ltd. now owns 132,730 shares of the company’s stock worth $10,093,000 after purchasing an additional 1,797 shares during the last quarter. State of Tennessee Department of Treasury grew its position in e.l.f. Beauty by 24.8% in the fourth quarter. State of Tennessee Department of Treasury now owns 26,516 shares of the company’s stock valued at $2,016,000 after purchasing an additional 5,265 shares in the last quarter. XTX Topco Ltd acquired a new stake in e.l.f. Beauty in the 4th quarter valued at $406,000. Finally, SummitTX Capital L.P. bought a new stake in e.l.f. Beauty during the 4th quarter worth about $690,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ELF shares. Weiss Ratings cut shares of e.l.f. Beauty from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. Evercore began coverage on e.l.f. Beauty in a research note on Thursday, April 2nd. They issued an “inline” rating and a $68.00 price target on the stock. Deutsche Bank Aktiengesellschaft set a $65.00 price target on e.l.f. Beauty in a research report on Thursday, May 14th. Bank of America decreased their price objective on e.l.f. Beauty from $115.00 to $93.00 and set a “buy” rating for the company in a research note on Friday, April 10th. Finally, Robert W. Baird cut their target price on e.l.f. Beauty from $115.00 to $90.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $99.06.

About e.l.f. Beauty

e.l.f. Beauty (NYSE: ELF) is an American cosmetics company known for offering an extensive range of affordable, trend-driven makeup and skincare products. The company’s portfolio spans foundations, lipsticks, mascaras, brushes, serums, masks and other beauty essentials, all positioned at accessible price points. e.l.f. Beauty maintains a direct-to-consumer platform through its e-commerce site and engages in widespread retail partnerships with major chains such as Target, Walmart, Ulta Beauty and Amazon.

Founded in 2004 and headquartered in Oakland, California, e.l.f.