e.l.f. Beauty (NYSE:ELF) Short Interest Update

e.l.f. Beauty (NYSE:ELF) was the recipient of a significant decline in short interest in January. As of January 30th, there was short interest totaling 6,237,026 shares, a decline of 21.5% from the January 15th total of 7,946,819 shares. Approximately 11.0% of the company’s stock are short sold. Based on an average trading volume of 1,719,918 shares, the days-to-cover ratio is currently 3.6 days. Based on an average trading volume of 1,719,918 shares, the days-to-cover ratio is currently 3.6 days. Approximately 11.0% of the company’s stock are short sold.

e.l.f. Beauty Stock Up 9.7%

NYSE:ELF traded up $7.22 during midday trading on Friday, reaching $81.55. 2,935,274 shares of the stock traded hands, compared to its average volume of 2,279,748. The stock has a market capitalization of $4.82 billion, a PE ratio of 46.07, a price-to-earnings-growth ratio of 6.83 and a beta of 1.71. e.l.f. Beauty has a 12-month low of $49.40 and a 12-month high of $150.99. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.89 and a current ratio of 2.76. The business has a 50-day moving average of $82.02 and a two-hundred day moving average of $103.63.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.52. e.l.f. Beauty had a return on equity of 15.08% and a net margin of 6.84%.The business had revenue of $489.51 million for the quarter, compared to the consensus estimate of $461.78 million. During the same period in the prior year, the firm posted $0.74 earnings per share. The business’s quarterly revenue was up 37.8% on a year-over-year basis. e.l.f. Beauty has set its FY 2026 guidance at 3.050-3.100 EPS. On average, equities analysts forecast that e.l.f. Beauty will post 2.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ELF has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $92.00 price target on shares of e.l.f. Beauty in a report on Thursday, January 29th. TD Cowen cut their price objective on shares of e.l.f. Beauty from $110.00 to $100.00 and set a “buy” rating on the stock in a report on Monday, February 9th. The Goldman Sachs Group lowered their target price on e.l.f. Beauty from $155.00 to $135.00 and set a “buy” rating for the company in a report on Friday, November 7th. Piper Sandler dropped their target price on e.l.f. Beauty from $100.00 to $85.00 and set a “neutral” rating on the stock in a research report on Monday, December 22nd. Finally, JPMorgan Chase & Co. lifted their price target on e.l.f. Beauty from $103.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $119.13.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of e.l.f. Beauty by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 5,487,304 shares of the company’s stock worth $417,255,000 after acquiring an additional 140,258 shares during the last quarter. State Street Corp boosted its stake in 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 worth $132,095,000 after purchasing an additional 13,231 shares in the last quarter. Swedbank AB boosted its stake in e.l.f. Beauty by 97.0% in the 4th quarter. Swedbank AB now owns 1,364,801 shares of the company’s stock worth $103,779,000 after purchasing an additional 672,071 shares in the last quarter. Ensign Peak Advisors Inc grew its position in e.l.f. Beauty by 37.7% during the 4th quarter. Ensign Peak Advisors Inc now owns 1,319,523 shares of the company’s stock worth $100,337,000 after purchasing an additional 361,371 shares during the last quarter. Finally, Morgan Stanley increased its stake in e.l.f. Beauty by 13.2% during the 4th quarter. Morgan Stanley now owns 1,184,786 shares of the company’s stock valued at $90,091,000 after purchasing an additional 138,415 shares in the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

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.