Analysts Set e.l.f. Beauty (NYSE:ELF) PT at $80.38

Shares of e.l.f. Beauty (NYSE:ELFGet Free Report) have earned an average rating of “Moderate Buy” from the eighteen research firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $79.75.

Several equities research analysts recently commented on ELF shares. B. Riley Financial cut 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 research report on Tuesday, May 26th. Evercore initiated coverage on shares of e.l.f. Beauty in a research note on Thursday, April 2nd. They set an “inline” rating and a $68.00 price target for the company. Sanford C. Bernstein began coverage on shares of e.l.f. Beauty in a report on Thursday, June 11th. They set a “market perform” rating and a $60.00 price target on the stock. Citigroup boosted their price objective on shares of e.l.f. Beauty from $87.00 to $92.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Finally, Jefferies Financial Group boosted their price objective on shares of e.l.f. Beauty from $72.00 to $100.00 and gave the stock a “buy” rating in a research note on Tuesday.

Get Our Latest Analysis on e.l.f. Beauty

Insider Activity

In other news, insider Mandy J. Fields sold 8,464 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $51.94, for a total transaction of $439,620.16. Following the completion of the transaction, the insider directly owned 111,288 shares in the company, valued at $5,780,298.72. This trade represents a 7.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tarang Amin sold 50,164 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $78.24, for a total value of $3,924,831.36. Following the transaction, the chief executive officer owned 110,496 shares of the company’s stock, valued at $8,645,207.04. This trade represents a 31.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 121,855 shares of company stock worth $8,351,493. 3.50% of the stock is owned by corporate insiders.

Institutional Trading of e.l.f. Beauty

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Handelsbanken Fonder AB lifted its position in shares of e.l.f. Beauty by 27.8% in the 2nd quarter. Handelsbanken Fonder AB now owns 21,600 shares of the company’s stock worth $1,598,000 after purchasing an additional 4,700 shares during the period. White Wing Wealth Management boosted its stake in shares of e.l.f. Beauty by 17.2% in the 2nd quarter. White Wing Wealth Management now owns 9,476 shares of the company’s stock valued at $701,000 after purchasing an additional 1,391 shares during the last quarter. Sarasin & Partners LLP raised its stake in e.l.f. Beauty by 10.5% during the second quarter. Sarasin & Partners LLP now owns 60,544 shares of the company’s stock worth $4,480,000 after buying an additional 5,757 shares during the last quarter. Cim Investment Management Inc. acquired a new position in e.l.f. Beauty in the first quarter valued at $366,000. Finally, Bank of America Corp DE lifted its holdings in e.l.f. Beauty by 45.9% in the first quarter. Bank of America Corp DE now owns 418,431 shares of the company’s stock valued at $25,361,000 after buying an additional 131,572 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

e.l.f. Beauty Trading Down 3.7%

Shares of ELF stock opened at $80.97 on Thursday. e.l.f. Beauty has a twelve month low of $48.82 and a twelve month high of $150.99. The stock’s fifty day simple moving average is $66.75 and its 200 day simple moving average is $71.63. The company has a quick ratio of 1.69, a current ratio of 2.35 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $4.77 billion, a P/E ratio of 176.02, a P/E/G ratio of 3.28 and a beta of 1.59.

e.l.f. Beauty (NYSE:ELFGet Free Report) last posted its earnings results on Wednesday, May 20th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.29 by $0.03. e.l.f. Beauty had a return on equity of 11.02% and a net margin of 1.61%.The firm had revenue of $449.29 million during the quarter, compared to the consensus estimate of $423.06 million. During the same period last year, the company earned $0.78 earnings per share. The business’s quarterly revenue 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. As a group, sell-side analysts predict that e.l.f. Beauty will post 2.41 EPS for the current fiscal year.

About e.l.f. Beauty

(Get Free Report)

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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Analyst Recommendations for e.l.f. Beauty (NYSE:ELF)

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