e.l.f. Beauty (NYSE:ELF) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of e.l.f. Beauty (NYSE:ELF) from a hold rating to a strong-buy rating in a report published on Wednesday,Zacks.com reports.

Several other brokerages also recently issued reports on ELF. Weiss Ratings raised shares of e.l.f. Beauty from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, July 30th. Morgan Stanley reduced their target price on shares of e.l.f. Beauty from $67.00 to $59.00 and set an “equal weight” rating for the company in a report on Thursday, May 21st. The Goldman Sachs Group set a $100.00 target price on shares of e.l.f. Beauty in a research note on Thursday, August 6th. Bank of America lowered their price target on e.l.f. Beauty from $93.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Finally, Raymond James Financial boosted their price target on e.l.f. Beauty from $85.00 to $87.00 and gave the company a “strong-buy” rating in a research report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $90.81.

e.l.f. Beauty Price Performance

ELF stock opened at $92.08 on Wednesday. The company has a market capitalization of $5.43 billion, a P/E ratio of 92.08, a PEG ratio of 3.11 and a beta of 1.58. e.l.f. Beauty has a twelve month low of $48.82 and a twelve month high of $150.99. The business has a 50 day simple moving average of $74.70 and a 200-day simple moving average of $71.66. 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 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 business had revenue of $479.37 million for the quarter, compared to analysts’ expectations of $431.20 million. e.l.f. Beauty had a net margin of 3.38% and a return on equity of 14.07%. The company’s quarterly revenue was up 35.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.89 EPS. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. As a group, equities analysts anticipate that e.l.f. Beauty will post 2.45 EPS for the current year.

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, insider Mandy J. Fields sold 8,464 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $51.94, for a total value of $439,620.16. Following the completion of the transaction, the insider owned 111,288 shares in the company, valued at approximately $5,780,298.72. This represents a 7.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Joshua Allen Franks sold 6,854 shares of the firm’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $51.94, for a total value of $355,996.76. Following the completion of the sale, the senior vice president directly owned 153,532 shares of the company’s stock, valued at approximately $7,974,452.08. This trade represents a 4.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 134,028 shares of company stock valued at $9,422,961 in the last three months. Insiders own 3.50% of the company’s stock.

Institutional Trading of e.l.f. Beauty

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in e.l.f. Beauty during the second quarter worth about $428,262,000. Vanguard Group Inc. grew its holdings in shares of e.l.f. Beauty by 2.6% in 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. Price T Rowe Associates Inc. MD grew its holdings in shares of e.l.f. Beauty by 47.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,197,319 shares of the company’s stock worth $167,086,000 after acquiring an additional 711,540 shares during the period. State Street Corp grew its holdings in shares of e.l.f. Beauty by 0.8% in the 4th quarter. State Street Corp now owns 1,737,181 shares of the company’s stock worth $132,095,000 after acquiring an additional 13,231 shares during the period. Finally, Swedbank AB increased its stake in e.l.f. Beauty by 97.0% in the 4th quarter. Swedbank AB now owns 1,364,801 shares of the company’s stock valued at $103,779,000 after purchasing an additional 672,071 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

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.