e.l.f. Beauty (NYSE:ELF) Stock Price Target Raised at JPMorgan Chase & Co.

e.l.f. Beauty (NYSE:ELF) had its price objective lifted by JPMorgan Chase & Co. from $130.00 to $135.00 in a research report report published on Thursday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other equities analysts also recently weighed in on the company. Bank of America upped their target price on e.l.f. Beauty from $100.00 to $118.00 and gave the company a “buy” rating in a report on Tuesday, September 15th. Zacks Research upgraded shares of e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 9th. Jefferies Financial Group increased their target price on shares of e.l.f. Beauty from $100.00 to $132.00 and gave the stock a “buy” rating in a research report on Monday, October 19th. Morgan Stanley lifted their target price on shares of e.l.f. Beauty from $90.00 to $103.00 and gave the company an “equal weight” rating in a research note on Thursday, October 15th. Finally, B. Riley Financial reissued a “buy” rating and set a $115.00 target price (up from $100.00) on shares of e.l.f. Beauty in a research note on Wednesday, September 16th. Three analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.50.

e.l.f. Beauty Stock Performance

Shares of ELF stock opened at $110.15 on Thursday. e.l.f. Beauty has a 1-year low of $48.82 and a 1-year high of $123.13. 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 market capitalization of $6.50 billion, a price-to-earnings ratio of 35.51, a P/E/G ratio of 2.99 and a beta of 1.61. The stock’s fifty day simple moving average is $106.07 and its 200-day simple moving average is $82.04.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.61. e.l.f. Beauty had a return on equity of 16.65% and a net margin of 4.47%. The firm had revenue of $520.82 million for the quarter, compared to analyst estimates of $473.51 million. During the same period in the previous year, the firm earned $0.68 earnings per share. e.l.f. Beauty’s quarterly revenue was up 51.4% on a year-over-year basis. On average, sell-side analysts predict that e.l.f. Beauty will post 2.69 earnings per share for the current fiscal year.

Insider Transactions at e.l.f. Beauty

In related news, SVP Joshua Franks sold 7,926 shares of the business’s stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $110.15, for a total value of $873,048.90. Following the completion of the sale, the senior vice president owned 119,005 shares of the company’s stock, valued at approximately $13,108,400.75. The trade was a 6.24% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Lauren Levitan sold 1,034 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $93.15, for a total value of $96,317.10. Following the completion of the transaction, the director owned 10,516 shares in the company, valued at $979,565.40. This represents a 8.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 91,821 shares of company stock valued at $9,624,513 over the last 90 days. Company insiders own 3.50% of the company’s stock.

Institutional Trading of e.l.f. Beauty

A number of institutional investors have recently added to or reduced their stakes in ELF. BlackRock Inc. acquired a new position in shares of e.l.f. Beauty during the 2nd quarter worth $428,262,000. State Street Corp raised its holdings in shares of e.l.f. Beauty by 4.2% during the 2nd quarter. State Street Corp now owns 1,874,997 shares of the company’s stock valued at $138,647,000 after purchasing an additional 75,842 shares in the last quarter. Primecap Management Co. CA bought a new position in shares of e.l.f. Beauty during the 2nd quarter valued at $78,202,000. Prime Capital Management Co Ltd acquired a new stake in shares of e.l.f. Beauty in the 2nd quarter valued at $44,736,000. Finally, Bank of America Corp DE lifted its stake in shares of e.l.f. Beauty by 45.9% in the 1st quarter. Bank of America Corp DE now owns 418,431 shares of the company’s stock valued at $25,361,000 after purchasing an additional 131,572 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

e.l.f. Beauty News Summary

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

• Positive Sentiment: Sales rose 51% year over year to $520.8 million, beating analyst expectations of about $473.5 million. Adjusted earnings of $1.21 per share also topped estimates near $0.60, and the company marked its 31st consecutive quarter of sales growth. e.l.f. Beauty fiscal 2027 results
• Positive Sentiment: Management raised its full-year net sales growth outlook to 22%–24%, citing momentum across its portfolio. Higher guidance following a substantial earnings and revenue beat may support expectations for continued growth. e.l.f. Beauty posts sales increase and raises guidance
• Positive Sentiment: Citigroup raised its price target from $130 to $139 and maintained a Buy rating; JPMorgan raised its target from $130 to $135 and maintained an Overweight rating. Both actions signal continued analyst confidence after the results.
• Neutral Sentiment: Piper Sandler raised its target from $100 to $110 but kept a Neutral rating, indicating a more cautious view than the other analyst updates.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc is a cosmetics and skincare company that develops, markets and sells beauty products under a portfolio of brands. Its offerings include makeup, skin care, hair care and other personal-care products designed to provide accessible, trend-focused beauty options across a range of categories.

The company’s portfolio includes e.l.f. Cosmetics, Well People, Keys Soulcare and Naturium. Its products are sold through mass retailers, specialty beauty stores, e-commerce platforms and the brands’ direct-to-consumer websites.