JPMorgan Chase & Co. Lowers e.l.f. Beauty (NYSE:ELF) Price Target to $103.00

e.l.f. Beauty (NYSE:ELF) had its price objective cut by equities researchers at JPMorgan Chase & Co. from $137.00 to $103.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 32.02% from the company’s previous close.

A number of other research analysts also recently weighed in on the stock. Cowen reiterated a “buy” rating on shares of e.l.f. Beauty in a research report on Wednesday, November 12th. Morgan Stanley set a $121.00 price target on e.l.f. Beauty in a report on Thursday, November 6th. Jefferies Financial Group lowered their price target on e.l.f. Beauty from $150.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. Wall Street Zen cut e.l.f. Beauty from a “hold” rating to a “sell” rating in a research report on Sunday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of e.l.f. Beauty in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and an average price target of $124.53.

e.l.f. Beauty Stock Performance

Shares of ELF traded down $0.83 during mid-day trading on Thursday, reaching $78.02. The company had a trading volume of 624,162 shares, compared to its average volume of 2,501,402. The stock has a market capitalization of $4.65 billion, a P/E ratio of 54.87, a PEG ratio of 7.62 and a beta of 1.75. e.l.f. Beauty has a 52-week low of $49.40 and a 52-week high of $150.99. The stock has a 50 day moving average of $96.72 and a two-hundred day moving average of $114.51. The company has a quick ratio of 1.76, a current ratio of 2.70 and a debt-to-equity ratio of 0.73.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.57 by $0.11. The business had revenue of $343.94 million for the quarter, compared to analyst estimates of $367.89 million. e.l.f. Beauty had a return on equity of 13.77% and a net margin of 5.90%.The business’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.77 EPS. e.l.f. Beauty has set its FY 2026 guidance at 2.800-2.850 EPS. On average, analysts expect that e.l.f. Beauty will post 2.38 earnings per share for the current year.

Insider Transactions at e.l.f. Beauty

In other news, CEO Tarang Amin sold 116,315 shares of e.l.f. Beauty stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $132.24, for a total transaction of $15,381,495.60. Following the sale, the chief executive officer owned 81,818 shares in the company, valued at $10,819,612.32. This trade represents a 58.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ELF. Whittier Trust Co. of Nevada Inc. increased its position in shares of e.l.f. Beauty by 29.3% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 384 shares of the company’s stock worth $52,000 after purchasing an additional 87 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in e.l.f. Beauty by 0.6% during the second quarter. Louisiana State Employees Retirement System now owns 15,900 shares of the company’s stock valued at $1,979,000 after buying an additional 100 shares in the last quarter. Securian Asset Management Inc. lifted its holdings in e.l.f. Beauty by 2.4% during the 2nd quarter. Securian Asset Management Inc. now owns 4,327 shares of the company’s stock worth $538,000 after buying an additional 100 shares during the last quarter. State of Michigan Retirement System grew its position in shares of e.l.f. Beauty by 0.7% in the 2nd quarter. State of Michigan Retirement System now owns 13,600 shares of the company’s stock worth $1,692,000 after acquiring an additional 100 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al raised its position in shares of e.l.f. Beauty by 1.9% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 5,426 shares of the company’s stock valued at $719,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

About e.l.f. Beauty

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.