Brokerages Set e.l.f. Beauty (NYSE:ELF) Target Price at $122.07

e.l.f. Beauty (NYSE:ELF) has received a consensus recommendation of “Moderate Buy” from the seventeen analysts that are presently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $122.0667.

Several equities analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of e.l.f. Beauty from $103.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, February 5th. Piper Sandler decreased their target price on e.l.f. Beauty from $100.00 to $85.00 and set a “neutral” rating for the company in a report on Monday, December 22nd. Jefferies Financial Group assumed coverage on e.l.f. Beauty in a research note on Wednesday, January 14th. They set a “buy” rating and a $110.00 target price for the company. UBS Group increased their price target on e.l.f. Beauty from $98.00 to $102.00 and gave the company a “neutral” rating in a research report on Thursday, February 5th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of e.l.f. Beauty in a research note on Wednesday, January 21st.

e.l.f. Beauty Trading Down 6.1%

NYSE ELF opened at $67.50 on Friday. The firm has a 50 day simple moving average of $83.03 and a 200-day simple moving average of $96.32. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.89 and a current ratio of 2.76. e.l.f. Beauty has a one year low of $49.40 and a one year high of $150.99. The firm has a market cap of $3.99 billion, a price-to-earnings ratio of 38.14, a PEG ratio of 6.04 and a beta of 1.68.

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

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

Several hedge funds and other institutional investors have recently made changes to their positions in ELF. Vanguard Group Inc. boosted its stake in e.l.f. Beauty by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 5,487,304 shares of the company’s stock valued at $417,255,000 after acquiring an additional 140,258 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position 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 worth $167,086,000 after purchasing an additional 711,540 shares in the last quarter. State Street Corp lifted its holdings in shares of e.l.f. Beauty by 0.8% in the 4th quarter. State Street Corp now owns 1,737,181 shares of the company’s stock valued at $132,095,000 after purchasing an additional 13,231 shares during the last quarter. Swedbank AB lifted its holdings in shares of e.l.f. Beauty by 97.0% in the 4th quarter. Swedbank AB now owns 1,364,801 shares of the company’s stock valued at $103,779,000 after purchasing an additional 672,071 shares during the last quarter. Finally, Ensign Peak Advisors Inc boosted its position in shares of e.l.f. Beauty by 37.7% in the 4th quarter. Ensign Peak Advisors Inc now owns 1,319,523 shares of the company’s stock valued at $100,337,000 after purchasing an additional 361,371 shares during the period. Institutional investors and hedge funds 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.