JPMorgan Chase & Co. Cuts e.l.f. Beauty (NYSE:ELF) Price Target to $137.00

e.l.f. Beauty (NYSE:ELF) had its target price reduced by JPMorgan Chase & Co. from $168.00 to $137.00 in a report released on Thursday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other brokerages also recently issued reports on ELF. Canaccord Genuity Group reduced their price objective on shares of e.l.f. Beauty from $165.00 to $136.00 and set a “buy” rating for the company in a research report on Thursday. Robert W. Baird cut their target price on e.l.f. Beauty from $145.00 to $125.00 and set an “outperform” rating on the stock in a research note on Thursday. Bank of America upped their target price on e.l.f. Beauty from $135.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, September 17th. Deutsche Bank Aktiengesellschaft lowered e.l.f. Beauty from a “buy” rating to a “hold” rating and lifted their price target for the stock from $121.00 to $128.00 in a report on Tuesday, September 2nd. Finally, Raymond James Financial boosted their price objective on e.l.f. Beauty from $155.00 to $165.00 and gave the stock a “strong-buy” rating in a research report on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $126.80.

e.l.f. Beauty Trading Down 3.8%

ELF opened at $73.62 on Thursday. e.l.f. Beauty has a fifty-two week low of $49.40 and a fifty-two week high of $150.99. The firm has a market capitalization of $4.37 billion, a PE ratio of 51.85, a P/E/G ratio of 1.71 and a beta of 1.61. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.70 and a quick ratio of 2.34. The company’s 50-day moving average is $130.44 and its 200 day moving average is $114.46.

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

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

In other news, insider Kory Marchisotto sold 13,515 shares of the company’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $140.10, for a total transaction of $1,893,451.50. Following the transaction, the insider owned 144,788 shares of the company’s stock, valued at $20,284,798.80. This represents a 8.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Scott Milsten sold 55,581 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $134.56, for a total value of $7,478,979.36. Following the transaction, the insider owned 112,406 shares of the company’s stock, valued at $15,125,351.36. The trade was a 33.09% 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 quarter. Insiders own 3.90% of the company’s stock.

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

Institutional investors have recently added to or reduced their stakes in the business. Aurora Investment Counsel purchased a new stake in shares of e.l.f. Beauty during the 1st quarter valued at $294,000. Caas Capital Management LP grew its position in e.l.f. Beauty by 1,466.7% in the first quarter. Caas Capital Management LP now owns 4,700 shares of the company’s stock worth $295,000 after acquiring an additional 4,400 shares in the last quarter. EFG Asset Management North America Corp. increased its stake in e.l.f. Beauty by 69.6% in the second quarter. EFG Asset Management North America Corp. now owns 35,304 shares of the company’s stock valued at $4,396,000 after acquiring an additional 14,492 shares during the last quarter. Quantitative Investment Management LLC purchased a new stake in e.l.f. Beauty during the first quarter valued at about $3,916,000. Finally, American Assets Inc. purchased a new stake in e.l.f. Beauty during the first quarter valued at about $791,000. 92.44% of the stock is owned by hedge funds and other institutional investors.

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.