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 sell rating to a hold rating in a report released on Monday morning.

ELF has been the topic of several other research reports. Weiss Ratings reissued a “hold (c)” rating on shares of e.l.f. Beauty in a research report on Wednesday, October 8th. The Goldman Sachs Group dropped their price objective on e.l.f. Beauty from $155.00 to $135.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Piper Sandler lowered e.l.f. Beauty from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $150.00 to $100.00 in a research note on Thursday, November 6th. Canaccord Genuity Group dropped their price target on e.l.f. Beauty from $165.00 to $136.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. Finally, Robert W. Baird cut their price objective on e.l.f. Beauty from $145.00 to $125.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.53.

e.l.f. Beauty Price Performance

Shares of NYSE:ELF opened at $79.60 on Monday. e.l.f. Beauty has a 1-year low of $49.40 and a 1-year high of $150.99. The company has a current ratio of 2.70, a quick ratio of 1.76 and a debt-to-equity ratio of 0.73. The stock’s fifty day simple moving average is $91.14 and its two-hundred day simple moving average is $113.22. The stock has a market cap of $4.75 billion, a PE ratio of 56.06, a price-to-earnings-growth ratio of 7.66 and a beta of 1.75.

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

Insider Buying and Selling

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

Hedge Funds Weigh In On e.l.f. Beauty

A number of institutional investors and hedge funds have recently made changes to their positions in ELF. EverSource Wealth Advisors LLC boosted its position in shares of e.l.f. Beauty by 97.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company’s stock worth $32,000 after purchasing an additional 128 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of e.l.f. Beauty by 58.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company’s stock worth $39,000 after buying an additional 117 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in e.l.f. Beauty by 29.3% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 384 shares of the company’s stock valued at $52,000 after buying an additional 87 shares in the last quarter. MAI Capital Management raised its stake in e.l.f. Beauty by 129.1% during the second quarter. MAI Capital Management now owns 394 shares of the company’s stock valued at $49,000 after buying an additional 222 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new stake in e.l.f. Beauty in the second quarter worth $49,000. Institutional investors own 92.44% of the company’s stock.

About e.l.f. Beauty

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.