e.l.f. Beauty (NYSE:ELF) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of e.l.f. Beauty (NYSE:ELF) from a hold rating to a buy rating in a research note issued to investors on Saturday,Wall Street Zen reports.

Several other equities analysts have also recently issued reports on ELF. Robert W. Baird raised their price objective on e.l.f. Beauty from $105.00 to $120.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 7th. TD Cowen raised their price target on e.l.f. Beauty from $85.00 to $110.00 and gave the company a “buy” rating in a report on Monday, August 10th. The Goldman Sachs Group set a $100.00 target price on e.l.f. Beauty in a research report on Thursday, August 6th. Weiss Ratings restated a “sell (d+)” rating on shares of e.l.f. Beauty in a report on Wednesday, October 28th. Finally, Citigroup lifted their price target on e.l.f. Beauty from $118.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, October 14th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, e.l.f. Beauty presently has an average rating of “Moderate Buy” and a consensus price target of $112.06.

e.l.f. Beauty Stock Down 0.8%

ELF opened at $110.75 on Friday. The company has a market cap of $6.54 billion, a PE ratio of 42.74, a price-to-earnings-growth ratio of 3.06 and a beta of 1.61. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.82 and a current ratio of 2.55. e.l.f. Beauty has a 1 year low of $48.82 and a 1 year high of $123.07. The firm has a 50 day moving average price of $105.73 and a 200 day moving average price of $81.69.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $1.04. The company had revenue of $479.37 million during the quarter, compared to analyst estimates of $431.20 million. e.l.f. Beauty had a net margin of 3.38% and a return on equity of 14.07%. The business’s quarterly revenue was up 35.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.89 earnings per share. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. Sell-side analysts expect that e.l.f. Beauty will post 2.70 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Mandy J. Fields sold 16,065 shares of the stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $104.52, for a total transaction of $1,679,113.80. Following the sale, the insider owned 90,896 shares in the company, valued at approximately $9,500,449.92. This represents a 15.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Joshua Franks sold 8,366 shares of the firm’s stock in a transaction on Monday, October 12th. The shares were sold at an average price of $110.01, for a total value of $920,343.66. Following the completion of the sale, the senior vice president owned 126,931 shares of the company’s stock, valued at approximately $13,963,679.31. This trade represents a 6.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 91,821 shares of company stock worth $9,624,513 in the last three months. Company insiders own 3.50% of the company’s stock.

Institutional Trading of e.l.f. Beauty

Several hedge funds have recently modified their holdings of ELF. BlackRock Inc. acquired a new stake in shares of e.l.f. Beauty in the 2nd quarter worth about $428,262,000. State Street Corp raised its stake 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 worth $138,647,000 after purchasing an additional 75,842 shares during the period. Primecap Management Co. CA purchased a new stake in shares of e.l.f. Beauty during the 2nd quarter worth approximately $78,202,000. Prime Capital Management Co Ltd bought a new stake in shares of e.l.f. Beauty in the second quarter valued at $44,736,000. Finally, Bank of America Corp DE boosted its position in e.l.f. Beauty by 45.9% during the first quarter. Bank of America Corp DE now owns 418,431 shares of the company’s stock worth $25,361,000 after purchasing an additional 131,572 shares during the period. 92.44% of the stock is owned by institutional investors.

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.