e.l.f. Beauty (NYSE:ELF) Stock Has Average Price Target of $99.00 According to Brokerages

e.l.f. Beauty (NYSE:ELF) has been given an average recommendation of “Moderate Buy” by the eighteen brokerages that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $99.94.

Several research analysts recently commented on ELF shares. Raymond James Financial lifted their target price on shares of e.l.f. Beauty from $100.00 to $117.00 and gave the stock a “strong-buy” rating in a research note on Thursday, October 1st. Bank of America raised their price target on shares of e.l.f. Beauty from $100.00 to $118.00 and gave the stock a “buy” rating in a report on Tuesday, September 15th. Citigroup boosted their price objective on shares of e.l.f. Beauty from $100.00 to $118.00 and gave the company a “buy” rating in a research report on Monday, September 14th. Canaccord Genuity Group upped their price objective on shares of e.l.f. Beauty from $110.00 to $123.00 and gave the company a “buy” rating in a research note on Thursday, August 27th. Finally, The Goldman Sachs Group set a $100.00 target price on shares of e.l.f. Beauty in a report on Thursday, August 6th.

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

In other e.l.f. Beauty news, insider Kory Marchisotto sold 12,173 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $88.02, for a total value of $1,071,467.46. Following the completion of the sale, the insider owned 169,695 shares in the company, valued at approximately $14,936,553.90. This trade represents a 6.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Joshua Franks sold 5,718 shares of e.l.f. Beauty 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 owned 144,309 shares in the company, valued at approximately $14,430,900. This represents a 3.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 87,702 shares of company stock worth $8,902,588 over the last three months. 3.50% of the stock is owned by corporate insiders.

Institutional Trading of e.l.f. Beauty

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hilton Head Capital Partners LLC purchased a new position in e.l.f. Beauty during the 4th quarter valued at $32,000. Continuum Advisory LLC purchased a new stake in shares of e.l.f. Beauty in the 2nd quarter worth about $31,000. State of Wyoming purchased a new stake in shares of e.l.f. Beauty in the 2nd quarter worth about $40,000. EverSource Wealth Advisors LLC lifted its position in shares of e.l.f. Beauty by 378.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 713 shares of the company’s stock worth $43,000 after purchasing an additional 564 shares during the period. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of e.l.f. Beauty during the 2nd quarter valued at about $56,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Trading Up 0.9%

Shares of ELF stock opened at $105.97 on Tuesday. The business has a 50-day moving average of $99.34 and a 200 day moving average of $77.10. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.55 and a quick ratio of 1.82. e.l.f. Beauty has a 1-year low of $48.82 and a 1-year high of $147.00. The stock has a market capitalization of $6.25 billion, a PE ratio of 105.97, a P/E/G ratio of 2.96 and a beta of 1.61.

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

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.