e.l.f. Beauty (NYSE:ELF) Receives $80.38 Average PT from Analysts

Shares of e.l.f. Beauty (NYSE:ELF) have been given a consensus recommendation of “Moderate Buy” by the eighteen analysts that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $80.3750.

Several analysts recently issued reports on ELF shares. Robert W. Baird dropped their target price on e.l.f. Beauty from $115.00 to $90.00 and set an “outperform” rating on the stock in a report on Tuesday, April 28th. TD Cowen restated a “buy” rating and issued a $85.00 price target (up from $65.00) on shares of e.l.f. Beauty in a research note on Tuesday. Weiss Ratings raised e.l.f. Beauty from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, June 18th. Citigroup increased their price objective on e.l.f. Beauty from $87.00 to $92.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Finally, Piper Sandler reissued a “neutral” rating on shares of e.l.f. Beauty in a research note on Friday, June 12th.

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

In related news, insider Jennifer Catherine Hartnett sold 25,357 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $80.00, for a total value of $2,028,560.00. Following the transaction, the insider owned 28,699 shares in the company, valued at approximately $2,295,920. This represents a 46.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tarang Amin sold 50,164 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $78.24, for a total value of $3,924,831.36. Following the completion of the transaction, the chief executive officer directly owned 110,496 shares in the company, valued at $8,645,207.04. The trade was a 31.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 278,988 shares of company stock valued at $18,354,580 in the last three months. Corporate insiders own 3.50% of the company’s stock.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets lifted its holdings in e.l.f. Beauty by 3,131.7% in the fourth quarter. BNP Paribas Financial Markets now owns 924,902 shares of the company’s stock valued at $70,330,000 after buying an additional 896,282 shares during the period. Vanguard Group Inc. grew 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 worth $417,255,000 after acquiring an additional 140,258 shares during the period. Norges Bank acquired a new stake in e.l.f. Beauty during the 4th quarter worth about $38,895,000. SG Americas Securities LLC raised its position in shares of e.l.f. Beauty by 1,967.8% in the 4th quarter. SG Americas Securities LLC now owns 155,253 shares of the company’s stock worth $11,805,000 after acquiring an additional 147,745 shares in the last quarter. Finally, Jacobson & Schmitt Advisors LLC raised its position in shares of e.l.f. Beauty by 34.5% in the 4th quarter. Jacobson & Schmitt Advisors LLC now owns 188,924 shares of the company’s stock worth $14,366,000 after acquiring an additional 48,504 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

e.l.f. Beauty Price Performance

Shares of NYSE ELF opened at $77.37 on Thursday. The firm’s 50-day moving average price is $64.94 and its 200-day moving average price is $71.66. e.l.f. Beauty has a 1-year low of $48.82 and a 1-year high of $150.99. The firm has a market capitalization of $4.56 billion, a P/E ratio of 168.20, a P/E/G ratio of 3.02 and a beta of 1.59. The company has a current ratio of 2.35, a quick ratio of 1.69 and a debt-to-equity ratio of 0.72.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Wednesday, May 20th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.03. The business had revenue of $449.29 million during the quarter, compared to the consensus estimate of $423.06 million. e.l.f. Beauty had a net margin of 1.61% and a return on equity of 11.02%. e.l.f. Beauty’s revenue was up 35.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.78 EPS. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. Equities research analysts anticipate that e.l.f. Beauty will post 2.41 earnings per share for the current fiscal year.

About e.l.f. Beauty

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.