e.l.f. Beauty (NYSE:ELF) Stock Price Expected to Rise, TD Cowen Analyst Says

e.l.f. Beauty (NYSE:ELF) had its price objective upped by TD Cowen from $85.00 to $110.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. TD Cowen’s price target suggests a potential upside of 14.42% from the company’s previous close.

Several other analysts have also recently commented on the stock. Raymond James Financial raised their price objective on shares of e.l.f. Beauty from $85.00 to $87.00 and gave the company a “strong-buy” rating in a research note on Tuesday, July 14th. Weiss Ratings raised shares of e.l.f. Beauty from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, July 30th. Bank of America reduced their price target on shares of e.l.f. Beauty from $93.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Piper Sandler boosted their price target on e.l.f. Beauty from $50.00 to $65.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $64.00 price target on shares of e.l.f. Beauty in a report on Tuesday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $90.81.

e.l.f. Beauty Price Performance

ELF stock traded down $2.35 on Monday, reaching $96.14. 989,333 shares of the company’s stock were exchanged, compared to its average volume of 2,865,524. The stock has a fifty day moving average of $71.37 and a 200-day moving average of $71.61. e.l.f. Beauty has a twelve month low of $48.82 and a twelve month high of $150.99. The firm has a market cap of $5.67 billion, a PE ratio of 96.14, a P/E/G ratio of 3.34 and a beta of 1.58. The company has a quick ratio of 1.82, a current ratio of 2.55 and a debt-to-equity ratio of 0.69.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Wednesday, August 5th. The company reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $1.04. The company had revenue of $479.37 million during 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%.e.l.f. Beauty’s quarterly revenue was up 35.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.89 earnings per share. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. As a group, equities analysts predict that e.l.f. Beauty will post 2.42 EPS for the current fiscal year.

Insider Activity

In other news, insider Jennifer Catherine Hartnett sold 25,357 shares of the business’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $80.00, for a total value of $2,028,560.00. Following the completion of the transaction, the insider directly owned 28,699 shares of the company’s stock, valued at $2,295,920. The trade was a 46.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Scott Milsten sold 4,162 shares of the company’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $51.53, for a total value of $214,467.86. Following the completion of the sale, the insider owned 144,581 shares in the company, valued at $7,450,258.93. This represents a 2.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 134,028 shares of company stock worth $9,422,961 in the last quarter. 3.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ELF. Prime Capital Management Co Ltd acquired a new stake in shares of e.l.f. Beauty during the 2nd quarter worth about $44,736,000. Diversify Advisory Services LLC purchased a new position in shares of e.l.f. Beauty during the second quarter valued at approximately $2,971,000. Wealthfront Advisers LLC purchased a new position in shares of e.l.f. Beauty during the second quarter valued at approximately $482,000. K.J. Harrison & Partners Inc purchased a new stake in e.l.f. Beauty in the 2nd quarter worth approximately $740,000. Finally, BlackRock Inc. acquired a new position in e.l.f. Beauty in the 2nd quarter valued at $428,262,000. 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.