e.l.f. Beauty (NYSE:ELF) Stock Rating Upgraded by Wall Street Zen

e.l.f. Beauty (NYSE:ELF) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

A number of other equities analysts have also commented on ELF. Citigroup boosted their price objective on shares of e.l.f. Beauty from $118.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, October 14th. Morgan Stanley upped their price target on shares of e.l.f. Beauty from $90.00 to $103.00 and gave the company an “equal weight” rating in a report on Thursday, October 15th. B. Riley Financial reiterated a “buy” rating and set a $115.00 target price (up from $100.00) on shares of e.l.f. Beauty in a research report on Wednesday, September 16th. Jefferies Financial Group lifted their price target on shares of 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, Weiss Ratings reiterated a “sell (d+)” rating on shares of e.l.f. Beauty in a research report on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $112.06.

e.l.f. Beauty Stock Performance

e.l.f. Beauty stock opened at $111.78 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.55 and a quick ratio of 1.82. The business has a 50 day moving average of $105.55 and a 200-day moving average of $81.58. The company has a market capitalization of $6.60 billion, a P/E ratio of 111.78, a P/E/G ratio of 2.92 and a beta of 1.61. e.l.f. Beauty has a 1 year low of $48.82 and a 1 year high of $124.99.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Wednesday, August 5th. The company reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $1.04. The company had revenue of $479.37 million during the quarter, compared to the consensus estimate of $431.20 million. e.l.f. Beauty had a return on equity of 14.07% and a net margin of 3.38%. The firm’s revenue for the quarter was up 35.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.89 earnings per share. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. On average, equities research analysts predict that e.l.f. Beauty will post 2.70 earnings per share for the current year.

Insider Buying and Selling at e.l.f. Beauty

In other news, CEO Tarang Amin sold 47,000 shares of the stock in a transaction on 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 of the company’s stock, valued at $13,894,781.76. This represents a 25.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lauren Levitan sold 1,034 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $93.15, for a total value of $96,317.10. Following the transaction, the director directly owned 10,516 shares of the company’s stock, valued at approximately $979,565.40. The trade was a 8.95% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 103,994 shares of company stock worth $10,695,981. 3.50% of the stock is owned by company insiders.

Institutional Trading of e.l.f. Beauty

Several institutional investors and hedge funds have recently modified their holdings of the company. SBI Securities Co. Ltd. grew its stake in e.l.f. Beauty by 64.5% during the 3rd quarter. SBI Securities Co. Ltd. now owns 334 shares of the company’s stock valued at $34,000 after purchasing an additional 131 shares during the last quarter. Continuum Advisory LLC acquired a new position in e.l.f. Beauty in the second quarter worth approximately $31,000. Signaturefd LLC lifted its holdings in e.l.f. Beauty by 86.5% in the 3rd quarter. Signaturefd LLC now owns 513 shares of the company’s stock worth $52,000 after purchasing an additional 238 shares during the last quarter. State of Wyoming bought a new position in shares of e.l.f. Beauty in the second quarter valued at approximately $40,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in e.l.f. Beauty by 378.5% during the first quarter. EverSource Wealth Advisors LLC now owns 713 shares of the company’s stock worth $43,000 after acquiring an additional 564 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors.

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.