e.l.f. Beauty (NYSE:ELF – Get Free Report) was upgraded by investment analysts at Sanford C. Bernstein to a “hold” rating in a research note issued on Thursday,Zacks.com reports.
Several other equities analysts also recently commented on ELF. Robert W. Baird lowered their target price on shares of 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. B. Riley Financial lowered their target price on shares of e.l.f. Beauty from $130.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, May 26th. UBS Group set a $80.00 price target on shares of e.l.f. Beauty in a research report on Thursday, May 21st. Morgan Stanley cut their price objective on shares of e.l.f. Beauty from $67.00 to $59.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 21st. Finally, Bank of America cut their price objective on shares of e.l.f. Beauty from $93.00 to $85.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, e.l.f. Beauty currently has an average rating of “Moderate Buy” and an average target price of $78.38.
Read Our Latest Stock Analysis on e.l.f. Beauty
e.l.f. Beauty Price Performance
e.l.f. Beauty (NYSE:ELF – Get Free Report) last issued its quarterly earnings results on Wednesday, May 20th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.03. e.l.f. Beauty had a net margin of 1.61% and a return on equity of 11.02%. The business had revenue of $449.29 million for the quarter, compared to the consensus estimate of $423.06 million. During the same quarter in the previous year, the firm earned $0.78 earnings per share. The company’s revenue for the quarter was up 35.1% on a year-over-year basis. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. Research analysts expect that e.l.f. Beauty will post 2.41 EPS for the current fiscal year.
Insider Buying and Selling at e.l.f. Beauty
In other e.l.f. Beauty news, insider Scott Milsten sold 4,162 shares of the stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $51.53, for a total transaction of $214,467.86. Following the completion of the sale, the insider directly owned 144,581 shares of the company’s stock, valued at approximately $7,450,258.93. This represents a 2.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Mandy J. Fields sold 4,327 shares of the stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $51.53, for a total transaction of $222,970.31. Following the sale, the insider directly owned 106,961 shares of the company’s stock, valued at approximately $5,511,700.33. The trade was a 3.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 256,347 shares of company stock valued at $15,713,592. 3.90% of the stock is currently owned by corporate insiders.
Institutional Trading of e.l.f. Beauty
Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of e.l.f. Beauty by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 5,487,304 shares of the company’s stock valued at $417,255,000 after buying an additional 140,258 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of e.l.f. Beauty by 47.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,197,319 shares of the company’s stock valued at $167,086,000 after acquiring an additional 711,540 shares in the last quarter. State Street Corp increased its holdings in shares of e.l.f. Beauty by 0.8% during the fourth quarter. State Street Corp now owns 1,737,181 shares of the company’s stock valued at $132,095,000 after acquiring an additional 13,231 shares in the last quarter. Swedbank AB increased its holdings in shares of e.l.f. Beauty by 97.0% during the fourth quarter. Swedbank AB now owns 1,364,801 shares of the company’s stock valued at $103,779,000 after acquiring an additional 672,071 shares in the last quarter. Finally, Ensign Peak Advisors Inc increased its holdings in shares of e.l.f. Beauty by 37.7% during the fourth quarter. Ensign Peak Advisors Inc now owns 1,319,523 shares of the company’s stock valued at $100,337,000 after acquiring an additional 361,371 shares in the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.
e.l.f. Beauty News Roundup
Here are the key news stories impacting e.l.f. Beauty this week:
- Positive Sentiment: Options activity was unusually bullish, with call buying running about 50% above average, suggesting some traders are positioning for an upside move in e.l.f. Beauty. Source article
- Positive Sentiment: A bullish thesis highlighted by outside commentators argues that ELF may be attractive at recent prices, pointing to a potential rebound after the stock’s pullback. Article link
- Neutral Sentiment: Analyst coverage remains mixed but constructive overall, with a consensus rating of Moderate Buy and a consensus target price above the current share level, though several firms have recently cut targets. Article link
- Neutral Sentiment: Multiple executives and insiders sold shares at about $51.53, including CEO Tarang Amin and several senior leaders. The transactions were disclosed in SEC filings and may reflect routine selling, but they still add caution around near-term sentiment. SEC filing
- Negative Sentiment: The broad cluster of insider sales could weigh on e.l.f. Beauty stock, as investors may view repeated trimming by top executives as a sign of limited near-term upside or caution about the business outlook. SEC filing
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.
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