e.l.f. Beauty (NYSE:ELF) Price Target Raised to $132.00

e.l.f. Beauty (NYSE:ELF) had its price objective increased by Jefferies Financial Group from $100.00 to $132.00 in a research report report published on Monday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Other analysts also recently issued reports about the company. JPMorgan Chase & Co. lowered their target price on e.l.f. Beauty from $111.00 to $106.00 and set an “overweight” rating for the company in a research note on Wednesday, August 19th. Weiss Ratings upgraded e.l.f. Beauty from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, July 30th. TD Cowen increased their price target on e.l.f. Beauty from $85.00 to $110.00 and gave the company a “buy” rating in a report on Monday, August 10th. Bank of America increased their price target on e.l.f. Beauty from $100.00 to $118.00 and gave the company a “buy” rating in a report on Tuesday, September 15th. Finally, B. Riley Financial restated a “buy” rating and set a $115.00 price objective (up from $100.00) on shares of e.l.f. Beauty in a research note on Wednesday, September 16th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, e.l.f. Beauty currently has an average rating of “Moderate Buy” and a consensus price target of $111.19.

e.l.f. Beauty Price Performance

ELF opened at $113.78 on Monday. The company has a fifty day simple moving average of $103.18 and a 200 day simple moving average of $80.10. The firm has a market cap of $6.71 billion, a price-to-earnings ratio of 42.50, a PEG ratio of 3.23 and a beta of 1.61. e.l.f. Beauty has a twelve month low of $48.82 and a twelve month high of $132.37. 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) last released its quarterly earnings results on Wednesday, August 5th. The company reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $479.37 million for the quarter, compared to the consensus estimate of $431.20 million. During the same quarter in the previous year, the firm posted $0.89 EPS. The firm’s quarterly revenue was up 35.5% on a year-over-year basis. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. Equities research analysts expect that e.l.f. Beauty will post 2.65 EPS for the current fiscal year.

Insider Activity

In other news, SVP Joshua Franks sold 8,366 shares of the business’s stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $110.01, for a total value of $920,343.66. Following the completion of the sale, the senior vice president owned 126,931 shares of the company’s stock, valued at approximately $13,963,679.31. The trade was a 6.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Tarang Amin sold 47,000 shares of the company’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $103.31, for a total transaction of $4,855,570.00. Following the completion of the sale, the chief executive officer owned 134,496 shares in the company, valued at approximately $13,894,781.76. This trade represents a 25.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 103,994 shares of company stock worth $10,695,981 over the last ninety days. Insiders own 3.50% of the company’s stock.

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

Large investors have recently modified their holdings of the stock. Legal & General Group Plc bought a new stake in shares of e.l.f. Beauty in the 2nd quarter valued at approximately $5,684,000. Delta Global Management LP bought a new position in e.l.f. Beauty during the first quarter worth $1,227,000. State Street Corp lifted its stake in e.l.f. Beauty by 4.2% during the second quarter. State Street Corp now owns 1,874,997 shares of the company’s stock worth $138,647,000 after purchasing an additional 75,842 shares during the last quarter. Aurora Investment Counsel bought a new position in e.l.f. Beauty during the second quarter worth $2,868,000. Finally, SummitTX Capital L.P. lifted its stake in e.l.f. Beauty by 222.3% during the first quarter. SummitTX Capital L.P. now owns 29,240 shares of the company’s stock worth $1,772,000 after purchasing an additional 20,169 shares during 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 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.