e.l.f. Beauty (NYSE:ELF) Price Target Raised to $117.00

e.l.f. Beauty (NYSE:ELF) had its target price boosted by Raymond James Financial from $100.00 to $117.00 in a report published on Thursday,Benzinga reports. They currently have a strong-buy rating on the stock.

Other equities research analysts also recently issued research reports about the stock. Jefferies Financial Group increased their target price on shares of e.l.f. Beauty from $72.00 to $100.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. JPMorgan Chase & Co. cut their price objective on e.l.f. Beauty from $111.00 to $106.00 and set an “overweight” rating for the company in a report on Wednesday, August 19th. UBS Group boosted their target price on e.l.f. Beauty from $80.00 to $89.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Piper Sandler upped their target price on e.l.f. Beauty from $50.00 to $65.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Finally, Weiss Ratings raised e.l.f. Beauty from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and an average price target of $99.00.

e.l.f. Beauty Trading Up 0.6%

Shares of NYSE ELF opened at $104.73 on Thursday. The company has a current ratio of 2.55, a quick ratio of 1.82 and a debt-to-equity ratio of 0.69. e.l.f. Beauty has a one year low of $48.82 and a one year high of $147.75. The business has a 50-day moving average price of $97.63 and a two-hundred day moving average price of $76.19. The firm has a market capitalization of $6.18 billion, a PE ratio of 104.73, a PEG ratio of 2.95 and a beta of 1.61.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Wednesday, August 5th. The company reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $1.04. The company had revenue of $479.37 million for the quarter, compared to the consensus estimate of $431.20 million. e.l.f. Beauty had a return on equity of 14.07% and a net margin of 3.38%.The firm’s quarterly revenue was up 35.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.89 EPS. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. As a group, analysts predict that e.l.f. Beauty will post 2.65 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Joshua Franks sold 5,718 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $100.00, for a total value of $571,800.00. Following the completion of the sale, the senior vice president directly owned 144,309 shares in the company, valued at approximately $14,430,900. The trade was a 3.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Mandy Fields sold 16,065 shares of e.l.f. Beauty stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $104.52, for a total transaction of $1,679,113.80. Following the completion of the transaction, the insider directly owned 90,896 shares in the company, valued at approximately $9,500,449.92. This represents a 15.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 40,702 shares of company stock valued at $4,047,018 in the last three months. 3.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Legal & General Group Plc acquired a new stake in e.l.f. Beauty during the second quarter worth about $5,684,000. Norges Bank acquired a new stake in shares of e.l.f. Beauty during the 4th quarter worth approximately $38,895,000. Delta Global Management LP acquired a new position in shares of e.l.f. Beauty during the 1st quarter worth about $1,227,000. Aurora Investment Counsel bought a new position in e.l.f. Beauty during the second quarter worth about $2,868,000. Finally, State Street Corp increased its position in shares of e.l.f. Beauty by 4.2% during the second quarter. State Street Corp now owns 1,874,997 shares of the company’s stock worth $138,647,000 after acquiring an additional 75,842 shares in the last quarter. 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 cosmetics and skin-care company that develops, markets and sells beauty products through mass retailers, specialty beauty stores, e-commerce platforms and its own websites. Its portfolio includes makeup, skin-care, body-care and related beauty products designed to offer accessible pricing and broad consumer appeal.

The company’s principal brand is e.l.f. Cosmetics, which offers products such as complexion makeup, eye cosmetics, lip products, brushes and skin-care items.