Canaccord Genuity Group Cuts e.l.f. Beauty (NYSE:ELF) Price Target to $136.00

e.l.f. Beauty (NYSE:ELF) had its price objective decreased by Canaccord Genuity Group from $165.00 to $136.00 in a report published on Thursday,Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.

Several other research firms have also issued reports on ELF. Jefferies Financial Group upped their target price on shares of e.l.f. Beauty from $135.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Morgan Stanley set a $121.00 price target on shares of e.l.f. Beauty in a report on Thursday. Robert W. Baird reduced their price objective on shares of e.l.f. Beauty from $145.00 to $125.00 and set an “outperform” rating for the company in a research report on Thursday. Piper Sandler lowered shares of e.l.f. Beauty from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $150.00 to $100.00 in a research note on Thursday. Finally, The Goldman Sachs Group boosted their target price on e.l.f. Beauty from $137.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and an average price target of $126.80.

e.l.f. Beauty Stock Performance

Shares of ELF opened at $73.62 on Thursday. The firm has a market capitalization of $4.37 billion, a P/E ratio of 51.85, a P/E/G ratio of 1.71 and a beta of 1.61. e.l.f. Beauty has a 52 week low of $49.40 and a 52 week high of $150.99. The stock has a 50 day moving average price of $130.44 and a two-hundred day moving average price of $114.46. The company has a debt-to-equity ratio of 0.73, a quick ratio of 2.34 and a current ratio of 2.70.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Wednesday, November 5th. The company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.11. e.l.f. Beauty had a return on equity of 13.77% and a net margin of 5.90%.The company had revenue of $343.94 million for the quarter, compared to analyst estimates of $367.89 million. During the same quarter last year, the company earned $0.77 earnings per share. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. e.l.f. Beauty has set its FY 2026 guidance at 2.800-2.850 EPS. Equities analysts forecast that e.l.f. Beauty will post 2.38 earnings per share for the current fiscal year.

Insider Activity

In other e.l.f. Beauty news, 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 transaction of $7,478,979.36. Following the completion of the transaction, the insider directly owned 112,406 shares of the company’s stock, valued at approximately $15,125,351.36. This represents a 33.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Tarang Amin sold 116,315 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $132.24, for a total value of $15,381,495.60. Following the completion of the sale, the chief executive officer directly owned 81,818 shares of the company’s stock, valued at $10,819,612.32. This represents a 58.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 301,060 shares of company stock worth $40,994,733. 3.90% of the stock is owned by insiders.

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

Several large investors have recently added to or reduced their stakes in the company. Teacher Retirement System of Texas lifted its holdings in e.l.f. Beauty by 242.7% during the first quarter. Teacher Retirement System of Texas now owns 8,236 shares of the company’s stock valued at $517,000 after purchasing an additional 5,833 shares during the last quarter. M&T Bank Corp increased its stake in shares of e.l.f. Beauty by 13.2% in the first quarter. M&T Bank Corp now owns 9,016 shares of the company’s stock worth $566,000 after purchasing an additional 1,050 shares in the last quarter. State of Michigan Retirement System raised its position in shares of e.l.f. Beauty by 1.5% in the first quarter. State of Michigan Retirement System now owns 13,500 shares of the company’s stock valued at $848,000 after purchasing an additional 200 shares during the period. Xponance Inc. raised its position in shares of e.l.f. Beauty by 2.3% in the first quarter. Xponance Inc. now owns 11,537 shares of the company’s stock valued at $724,000 after purchasing an additional 257 shares during the period. Finally, Caas Capital Management LP lifted its stake in shares of e.l.f. Beauty by 1,466.7% during the 1st quarter. Caas Capital Management LP now owns 4,700 shares of the company’s stock valued at $295,000 after buying an additional 4,400 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

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.