e.l.f. Beauty (NYSE:ELF) Shares Gap Up Following Strong Earnings

e.l.f. Beauty (NYSE:ELF)’s share price gapped up prior to trading on Thursday following a better than expected earnings announcement. The stock had previously closed at $50.72, but opened at $54.06. e.l.f. Beauty shares last traded at $51.5060, with a volume of 2,658,234 shares changing hands.

The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.29 by $0.03. The business had revenue of $449.29 million for the quarter, compared to the consensus estimate of $423.06 million. e.l.f. Beauty had a return on equity of 15.08% and a net margin of 6.84%.e.l.f. Beauty’s revenue was up 35.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.78 EPS. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS.

More e.l.f. Beauty News

Here are the key news stories impacting e.l.f. Beauty this week:

• Positive Sentiment: e.l.f. Beauty beat fourth-quarter estimates, reporting adjusted EPS of $0.32 versus $0.29 expected and revenue of $449.29 million versus $423.06 million expected, with sales up 35.1% year over year. Article Title
• Positive Sentiment: Management said fiscal 2026 marked the company’s seventh straight year of net sales and market share growth, helped by strong performance from rhode and Naturium. Article Title
• Neutral Sentiment: Bank of America lowered its price target on ELF to $85 from $93 but kept a Buy rating, still implying meaningful upside from current levels. Article Title
• Negative Sentiment: Guidance for fiscal 2027 came in below Street expectations, with EPS guidance of $3.27-$3.32 versus $3.37 expected and revenue guidance of about $1.8 billion-$1.9 billion versus about $1.9 billion expected. Article Title
• Negative Sentiment: The company warned that higher oil prices tied to the Iran war could cut fiscal 2027 results by $15 million to $20 million, adding pressure to the outlook. Article Title
• Negative Sentiment: Management also said it plans to cut some prices to support demand as cost-conscious shoppers pull back, which may pressure margins in the near term. Article Title

Analysts Set New Price Targets

A number of research firms recently issued reports on ELF. Wall Street Zen raised e.l.f. Beauty from a “sell” rating to a “hold” rating in a report on Saturday, January 24th. Weiss Ratings cut shares of e.l.f. Beauty from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. Morgan Stanley reduced their target price on shares of e.l.f. Beauty from $67.00 to $59.00 and set an “equal weight” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. decreased their price target on shares of e.l.f. Beauty from $105.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, April 17th. Finally, Citigroup lowered their price target on shares of e.l.f. Beauty from $115.00 to $87.00 and set a “buy” rating for the company in a report on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.94.

Insider Activity

In other news, CEO Tarang Amin sold 41,520 shares of e.l.f. Beauty stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $63.66, for a total transaction of $2,643,163.20. Following the completion of the sale, the chief executive officer owned 112,690 shares in the company, valued at $7,173,845.40. The trade was a 26.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jennifer Catherine Hartnett sold 20,829 shares of the stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $63.66, for a total transaction of $1,325,974.14. Following the completion of the transaction, the insider owned 68,726 shares in the company, valued at $4,375,097.16. This represents a 23.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 210,013 shares of company stock worth $13,315,490. Corporate insiders own 3.90% of the company’s stock.

Institutional Trading of e.l.f. Beauty

A number of institutional investors have recently bought and sold shares of the business. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of e.l.f. Beauty during the 4th quarter valued at $26,000. Hilton Head Capital Partners LLC bought a new position in shares of e.l.f. Beauty in the 4th quarter worth $32,000. EverSource Wealth Advisors LLC grew its stake in shares of e.l.f. Beauty by 97.0% during the second quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company’s stock worth $32,000 after purchasing an additional 128 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in e.l.f. Beauty by 58.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company’s stock valued at $39,000 after purchasing an additional 117 shares during the last quarter. Finally, Arax Advisory Partners bought a new stake in e.l.f. Beauty in the fourth quarter valued at about $41,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

e.l.f. Beauty Stock Up 1.6%

The company has a debt-to-equity ratio of 0.70, a current ratio of 2.76 and a quick ratio of 1.89. The stock has a market cap of $3.04 billion, a price-to-earnings ratio of 29.12, a price-to-earnings-growth ratio of 3.26 and a beta of 1.71. The firm has a 50 day simple moving average of $64.64 and a two-hundred day simple moving average of $76.45.

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.