JPMorgan Chase & Co. Cuts e.l.f. Beauty (NYSE:ELF) Price Target to $85.00

e.l.f. Beauty (NYSE:ELF) had its price target reduced by stock analysts at JPMorgan Chase & Co. from $105.00 to $85.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 23.75% from the stock’s current price.

ELF has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft cut their price target on e.l.f. Beauty from $95.00 to $68.00 and set a “hold” rating on the stock in a report on Monday, March 30th. TD Cowen cut their price target on e.l.f. Beauty from $110.00 to $100.00 and set a “buy” rating on the stock in a report on Monday, February 9th. Piper Sandler cut their price target on e.l.f. Beauty from $100.00 to $85.00 and set a “neutral” rating on the stock in a report on Monday, December 22nd. Evercore began coverage on e.l.f. Beauty in a report on Thursday, April 2nd. They set an “inline” rating and a $68.00 price target on the stock. Finally, UBS Group cut their target price on e.l.f. Beauty from $102.00 to $70.00 and set a “neutral” rating on the stock in a report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $108.00.

e.l.f. Beauty Trading Down 0.8%

ELF stock traded down $0.57 during trading on Friday, hitting $68.69. The company had a trading volume of 823,170 shares, compared to its average volume of 2,253,013. The stock has a market cap of $4.06 billion, a PE ratio of 38.95, a PEG ratio of 3.68 and a beta of 1.83. e.l.f. Beauty has a one year low of $50.79 and a one year high of $150.99. The business has a 50-day moving average of $75.10 and a 200-day moving average of $88.19. The company has a current ratio of 2.76, a quick ratio of 1.89 and a debt-to-equity ratio of 0.70.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Wednesday, February 4th. The company reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.52. The firm had revenue of $489.51 million for the quarter, compared to analysts’ expectations of $461.78 million. e.l.f. Beauty had a return on equity of 15.08% and a net margin of 6.84%.The company’s revenue for the quarter was up 37.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.74 EPS. e.l.f. Beauty has set its FY 2026 guidance at 3.050-3.100 EPS. Research analysts predict that e.l.f. Beauty will post 2.38 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Tarang Amin sold 52,880 shares of the stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $62.64, for a total value of $3,312,403.20. Following the transaction, the chief executive officer directly owned 98,416 shares in the company, valued at $6,164,778.24. This trade represents a 34.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On e.l.f. Beauty

A number of large investors have recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in e.l.f. Beauty in the 4th quarter valued at $26,000. Hilton Head Capital Partners LLC purchased a new stake in e.l.f. Beauty in the 4th quarter valued at $32,000. EverSource Wealth Advisors LLC raised its position in e.l.f. Beauty by 97.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company’s stock valued at $32,000 after buying an additional 128 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in e.l.f. Beauty by 58.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company’s stock valued at $39,000 after buying an additional 117 shares during the last quarter. Finally, Arax Advisory Partners purchased a new stake in e.l.f. Beauty in the 4th quarter valued at $41,000. 92.44% of the stock is currently owned by 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.