e.l.f. Beauty (NYSE:ELF) Upgraded to “Strong-Buy” at Jefferies Financial Group

e.l.f. Beauty (NYSE:ELF) was upgraded by research analysts at Jefferies Financial Group to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

ELF has been the subject of several other reports. The Goldman Sachs Group lowered their target price on shares of e.l.f. Beauty from $155.00 to $135.00 and set a “buy” rating for the company in a report on Friday, November 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of e.l.f. Beauty in a research note on Wednesday, October 8th. Cowen reaffirmed a “buy” rating on shares of e.l.f. Beauty in a report on Wednesday, November 12th. Canaccord Genuity Group reduced their price objective on e.l.f. Beauty from $165.00 to $136.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. Finally, Raymond James Financial raised their price objective on e.l.f. Beauty from $155.00 to $165.00 and gave the company a “strong-buy” rating in a research note on Monday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $122.40.

e.l.f. Beauty Stock Performance

Shares of e.l.f. Beauty stock opened at $89.22 on Wednesday. e.l.f. Beauty has a 52 week low of $49.40 and a 52 week high of $150.99. The company has a market cap of $5.32 billion, a PE ratio of 62.83, a price-to-earnings-growth ratio of 8.20 and a beta of 1.73. The business has a 50 day moving average price of $78.03 and a 200-day moving average price of $108.66. The company has a quick ratio of 1.76, a current ratio of 2.70 and a debt-to-equity ratio of 0.73.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Wednesday, November 5th. The company reported $0.68 EPS for the quarter, topping 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 analysts’ expectations of $367.89 million. During the same period in the previous year, the business posted $0.77 EPS. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. e.l.f. Beauty has set its FY 2026 guidance at 2.800-2.850 EPS. Equities analysts anticipate that e.l.f. Beauty will post 2.38 earnings per share for the current fiscal year.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ELF. Granite Investment Partners LLC acquired a new stake in e.l.f. Beauty during the second quarter valued at approximately $20,778,000. EFG Asset Management North America Corp. increased its stake in shares of e.l.f. Beauty by 69.6% in the 2nd quarter. EFG Asset Management North America Corp. now owns 35,304 shares of the company’s stock valued at $4,396,000 after buying an additional 14,492 shares during the period. Tran Capital Management L.P. bought a new position in e.l.f. Beauty during the third quarter worth about $7,436,000. WASHINGTON TRUST Co grew its holdings in shares of e.l.f. Beauty by 20.6% in the 2nd quarter. WASHINGTON TRUST Co now owns 131,863 shares of the company’s stock valued at $16,409,000 after buying an additional 22,480 shares during the period. Finally, Mackenzie Financial Corp raised its position in shares of e.l.f. Beauty by 11.0% during the second quarter. Mackenzie Financial Corp now owns 957,941 shares of the company’s stock worth $119,206,000 after purchasing an additional 95,270 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

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.