Brokerages Set e.l.f. Beauty (NYSE:ELF) Price Target at $78.31

Shares of e.l.f. Beauty (NYSE:ELF) have been given a consensus rating of “Moderate Buy” by the eighteen ratings firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $78.3125.

A number of research firms have commented on ELF. Evercore began coverage on e.l.f. Beauty in a research note on Thursday, April 2nd. They set an “inline” rating and a $68.00 price objective on the stock. Sanford C. Bernstein assumed coverage on e.l.f. Beauty in a report on Thursday, June 11th. They set a “market perform” rating and a $60.00 target price on the stock. Weiss Ratings upgraded e.l.f. Beauty from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, June 18th. Piper Sandler restated a “neutral” rating on shares of e.l.f. Beauty in a research report on Friday, June 12th. Finally, Morgan Stanley dropped their price target on e.l.f. Beauty from $67.00 to $59.00 and set an “equal weight” rating for the company in a research note on Thursday, May 21st.

Insider Activity at e.l.f. Beauty

In related news, CEO Tarang Amin sold 50,164 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $78.24, for a total transaction of $3,924,831.36. Following the sale, the chief executive officer owned 110,496 shares of the company’s stock, valued at $8,645,207.04. This trade represents a 31.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jennifer Catherine Hartnett sold 25,357 shares of e.l.f. Beauty stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $80.00, for a total transaction of $2,028,560.00. Following the sale, the insider owned 28,699 shares in the company, valued at approximately $2,295,920. This represents a 46.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 278,988 shares of company stock worth $18,354,580 in the last three months. Insiders own 3.90% of the company’s stock.

Institutional Trading of e.l.f. Beauty

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cim Investment Management Inc. acquired a new position in shares of e.l.f. Beauty in the 1st quarter valued at about $366,000. Bank of America Corp DE grew its stake in e.l.f. Beauty by 45.9% during the first quarter. Bank of America Corp DE now owns 418,431 shares of the company’s stock worth $25,361,000 after purchasing an additional 131,572 shares during the period. Edgestream Partners L.P. grew its stake in e.l.f. Beauty by 9.0% during the first quarter. Edgestream Partners L.P. now owns 19,727 shares of the company’s stock worth $1,196,000 after purchasing an additional 1,621 shares during the period. Centaurus Financial Inc. bought a new stake in e.l.f. Beauty in the first quarter worth approximately $315,000. Finally, Amundi bought a new stake in e.l.f. Beauty in the first quarter worth approximately $333,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

e.l.f. Beauty Stock Performance

NYSE ELF opened at $76.23 on Friday. The firm has a 50-day moving average of $60.06 and a 200-day moving average of $71.91. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.69 and a current ratio of 2.35. The stock has a market cap of $4.53 billion, a PE ratio of 165.73, a P/E/G ratio of 3.06 and a beta of 1.59. e.l.f. Beauty has a 52-week low of $48.82 and a 52-week high of $150.99.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Wednesday, May 20th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.29 by $0.03. e.l.f. Beauty had a return on equity of 11.02% and a net margin of 1.61%.The company had revenue of $449.29 million for the quarter, compared to the consensus estimate of $423.06 million. During the same quarter in the prior year, the business earned $0.78 earnings per share. The firm’s revenue for the quarter was up 35.1% on a year-over-year basis. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. On average, sell-side analysts anticipate that e.l.f. Beauty will post 2.42 EPS for the current year.

e.l.f. Beauty Company Profile

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.