e.l.f. Beauty (NYSE:ELF – Free Report) had its price objective increased by TD Cowen from $85.00 to $110.00 in a report released on Monday,Benzinga reports. They currently have a buy rating on the stock.
Several other research analysts have also recently issued reports on ELF. Piper Sandler lifted their target price on shares of e.l.f. Beauty from $50.00 to $65.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Morgan Stanley cut their price target on shares of e.l.f. Beauty from $67.00 to $59.00 and set an “equal weight” rating on the stock in a report on Thursday, May 21st. JPMorgan Chase & Co. raised their price target on shares of e.l.f. Beauty from $94.00 to $111.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Raymond James Financial boosted their price objective on shares of e.l.f. Beauty from $85.00 to $87.00 and gave the stock a “strong-buy” rating in a report on Tuesday, July 14th. Finally, Robert W. Baird set a $105.00 price objective on e.l.f. Beauty in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $90.81.
Check Out Our Latest Stock Analysis on e.l.f. Beauty
e.l.f. Beauty Trading Down 2.0%
e.l.f. Beauty (NYSE:ELF – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $1.04. The firm had revenue of $479.37 million during the quarter, compared to analyst estimates of $431.20 million. e.l.f. Beauty had a return on equity of 14.07% and a net margin of 3.38%.e.l.f. Beauty’s quarterly revenue was up 35.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.89 EPS. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. As a group, equities analysts forecast that e.l.f. Beauty will post 2.45 EPS for the current fiscal year.
Insider Buying and Selling at e.l.f. Beauty
In other news, insider Jennifer Catherine Hartnett sold 25,357 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $80.00, for a total transaction of $2,028,560.00. Following the sale, the insider owned 28,699 shares of the company’s stock, valued at $2,295,920. This trade represents a 46.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Mandy J. Fields sold 8,464 shares of e.l.f. Beauty stock in a transaction that occurred on 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 sale, the insider owned 111,288 shares of the company’s stock, valued at $5,780,298.72. This represents a 7.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 134,028 shares of company stock worth $9,422,961. 3.50% of the stock is owned by company insiders.
Institutional Investors Weigh In On e.l.f. Beauty
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in e.l.f. Beauty during the 4th quarter valued at $26,000. Hilton Head Capital Partners LLC bought a new stake in shares of e.l.f. Beauty in the fourth quarter worth $32,000. EverSource Wealth Advisors LLC increased its position in e.l.f. Beauty by 97.0% during the second quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company’s stock valued at $32,000 after acquiring an additional 128 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in e.l.f. Beauty by 58.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company’s stock valued at $39,000 after acquiring an additional 117 shares during the last quarter. Finally, State of Wyoming purchased a new stake in e.l.f. Beauty during the second quarter valued at $40,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.
About e.l.f. Beauty
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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