e.l.f. Beauty (NYSE:ELF) Cut to “Sell” at Wall Street Zen

Wall Street Zen cut shares of e.l.f. Beauty (NYSE:ELF) from a hold rating to a sell rating in a research note issued to investors on Sunday.

A number of other research analysts also recently commented on ELF. Deutsche Bank Aktiengesellschaft downgraded e.l.f. Beauty from a “buy” rating to a “hold” rating and boosted their price target for the company from $121.00 to $128.00 in a research note on Tuesday, September 2nd. Jefferies Financial Group reduced their price objective on shares of e.l.f. Beauty from $150.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. UBS Group dropped their target price on shares of e.l.f. Beauty from $150.00 to $105.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Piper Sandler downgraded shares of e.l.f. Beauty from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $150.00 to $100.00 in a report on Thursday, November 6th. Finally, Canaccord Genuity Group reduced their price target on shares of e.l.f. Beauty from $165.00 to $136.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $126.80.

e.l.f. Beauty Price Performance

Shares of e.l.f. Beauty stock opened at $78.76 on Friday. The company has a quick ratio of 1.76, a current ratio of 2.70 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $4.70 billion, a price-to-earnings ratio of 55.46, a price-to-earnings-growth ratio of 6.79 and a beta of 1.75. e.l.f. Beauty has a twelve month low of $49.40 and a twelve month high of $150.99. The company has a 50-day simple moving average of $98.05 and a two-hundred day simple moving average of $114.76.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.11. The company had revenue of $343.94 million during the quarter, compared to the consensus estimate of $367.89 million. e.l.f. Beauty had a net margin of 5.90% and a return on equity of 13.77%. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.77 earnings per share. e.l.f. Beauty has set its FY 2026 guidance at 2.800-2.850 EPS. Analysts forecast that e.l.f. Beauty will post 2.38 EPS for the current year.

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 116,315 shares of the business’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $132.24, for a total transaction of $15,381,495.60. Following the sale, the chief executive officer owned 81,818 shares of the company’s stock, valued at approximately $10,819,612.32. The trade was a 58.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.90% of the stock is currently owned by corporate insiders.

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

Several hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its holdings 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 worth $32,000 after purchasing an additional 128 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of 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 worth $39,000 after purchasing an additional 117 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in shares of e.l.f. Beauty by 29.3% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 384 shares of the company’s stock valued at $52,000 after buying an additional 87 shares during the period. MAI Capital Management increased its stake in shares of e.l.f. Beauty by 129.1% in the second quarter. MAI Capital Management now owns 394 shares of the company’s stock valued at $49,000 after buying an additional 222 shares during the period. Finally, Elevation Point Wealth Partners LLC bought a new position in e.l.f. Beauty in the 2nd quarter valued at approximately $49,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.