e.l.f. Beauty (NYSE:ELF) Price Target Raised to $97.00

e.l.f. Beauty (NYSE:ELF) had its price objective upped by Canaccord Genuity Group from $90.00 to $97.00 in a research note published on Friday morning, MarketBeat Ratings reports. They currently have a buy rating on the stock.

ELF has been the subject of several other reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $64.00 price target on shares of e.l.f. Beauty in a research report on Tuesday, June 16th. Evercore assumed coverage on shares of 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. Robert W. Baird cut their target price on shares of e.l.f. Beauty from $115.00 to $90.00 and set an “outperform” rating for the company in a report on Tuesday, April 28th. Piper Sandler reiterated a “neutral” rating on shares of e.l.f. Beauty in a research note on Friday, June 12th. Finally, B. Riley Financial decreased their target price on shares of e.l.f. Beauty from $130.00 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven 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 a consensus rating of “Moderate Buy” and a consensus target price of $81.31.

e.l.f. Beauty Price Performance

Shares of NYSE ELF opened at $73.72 on Friday. The company has a quick ratio of 1.69, a current ratio of 2.35 and a debt-to-equity ratio of 0.72. e.l.f. Beauty has a 52 week low of $48.82 and a 52 week high of $150.99. The business’s 50 day moving average price is $62.63 and its 200 day moving average price is $71.56. The firm has a market cap of $4.35 billion, a P/E ratio of 160.27, a P/E/G ratio of 2.87 and a beta of 1.59.

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

Insiders Place Their Bets

In related news, insider Mandy J. Fields sold 4,327 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $51.53, for a total transaction of $222,970.31. Following the completion of the sale, the insider directly owned 106,961 shares of the company’s stock, valued at approximately $5,511,700.33. This trade represents a 3.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Joshua Allen Franks sold 3,505 shares of the stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $51.53, for a total transaction of $180,612.65. Following the transaction, the senior vice president directly owned 150,027 shares of the company’s stock, valued at approximately $7,730,891.31. This trade represents a 2.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 278,988 shares of company stock valued at $18,354,580. 3.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in e.l.f. Beauty by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 5,487,304 shares of the company’s stock valued at $417,255,000 after acquiring an additional 140,258 shares during the period. Price T Rowe Associates Inc. MD increased its stake in e.l.f. Beauty by 47.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,197,319 shares of the company’s stock worth $167,086,000 after purchasing an additional 711,540 shares during the period. State Street Corp increased its stake in e.l.f. Beauty by 0.8% during the fourth quarter. State Street Corp now owns 1,737,181 shares of the company’s stock worth $132,095,000 after purchasing an additional 13,231 shares during the period. Swedbank AB lifted its position in shares of e.l.f. Beauty by 97.0% during the fourth quarter. Swedbank AB now owns 1,364,801 shares of the company’s stock worth $103,779,000 after purchasing an additional 672,071 shares in the last quarter. Finally, Ensign Peak Advisors Inc lifted its position in shares of e.l.f. Beauty by 37.7% during the fourth quarter. Ensign Peak Advisors Inc now owns 1,319,523 shares of the company’s stock worth $100,337,000 after purchasing an additional 361,371 shares in the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

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.