e.l.f. Beauty (NYSE:ELF) Price Target Raised to $120.00

e.l.f. Beauty (NYSE:ELF) had its target price hoisted by Robert W. Baird from $105.00 to $120.00 in a research report report published on Wednesday, Marketbeat Ratings reports. They currently have an outperform rating on the stock.

ELF has been the topic of several other research reports. UBS Group lifted their price target on shares of e.l.f. Beauty from $80.00 to $89.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. TD Cowen increased their price objective on e.l.f. Beauty from $85.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $64.00 price objective on shares of e.l.f. Beauty in a research note on Tuesday, June 16th. Raymond James Financial lifted their target price on e.l.f. Beauty from $100.00 to $117.00 and gave the stock a “strong-buy” rating in a report on Thursday, October 1st. Finally, The Goldman Sachs Group set a $100.00 target price on e.l.f. Beauty in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $99.94.

e.l.f. Beauty Stock Performance

NYSE:ELF opened at $109.38 on Wednesday. e.l.f. Beauty has a twelve month low of $48.82 and a twelve month high of $147.00. The company has a current ratio of 2.55, a quick ratio of 1.82 and a debt-to-equity ratio of 0.69. The company has a 50-day moving average of $99.87 and a 200-day moving average of $77.33. The firm has a market cap of $6.45 billion, a price-to-earnings ratio of 109.38, a price-to-earnings-growth ratio of 2.99 and a beta of 1.61.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data 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. e.l.f. Beauty had a net margin of 3.38% and a return on equity of 14.07%. The company had revenue of $479.37 million for the quarter, compared to analysts’ expectations of $431.20 million. During the same quarter in the previous year, the company posted $0.89 EPS. The business’s revenue was up 35.5% compared to the same quarter last year. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. Analysts forecast that e.l.f. Beauty will post 2.65 earnings per share for the current fiscal year.

Insider Buying and Selling at e.l.f. Beauty

In related news, CEO Tarang Amin sold 47,000 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $103.31, for a total value of $4,855,570.00. Following the completion of the sale, the chief executive officer owned 134,496 shares in the company, valued at approximately $13,894,781.76. This represents a 25.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Joshua Franks sold 5,512 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $110.00, for a total transaction of $606,320.00. Following the completion of the transaction, the senior vice president directly owned 138,797 shares of the company’s stock, valued at $15,267,670. This represents a 3.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 87,702 shares of company stock valued at $8,902,588 over the last three months. 3.50% of the stock is owned by insiders.

Institutional Trading of e.l.f. Beauty

Several hedge funds and other institutional investors have recently modified their holdings of ELF. Greenwood Capital Associates LLC boosted its stake in shares of e.l.f. Beauty by 2.4% during the 2nd quarter. Greenwood Capital Associates LLC now owns 5,436 shares of the company’s stock valued at $402,000 after buying an additional 125 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in shares of e.l.f. Beauty by 1.7% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 12,108 shares of the company’s stock valued at $734,000 after acquiring an additional 200 shares in the last quarter. Waverly Advisors LLC increased its stake in shares of e.l.f. Beauty by 1.9% in the first quarter. Waverly Advisors LLC now owns 11,930 shares of the company’s stock worth $723,000 after acquiring an additional 217 shares during the last quarter. First Citizens Bank & Trust Co. increased its stake in shares of e.l.f. Beauty by 3.5% in the first quarter. First Citizens Bank & Trust Co. now owns 6,599 shares of the company’s stock worth $400,000 after acquiring an additional 226 shares during the last quarter. Finally, World Investment Advisors raised its holdings in shares of e.l.f. Beauty by 6.9% during the first quarter. World Investment Advisors now owns 4,402 shares of the company’s stock worth $267,000 after acquiring an additional 285 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.