e.l.f. Beauty (NYSE:ELF) Trading Down 8.7% – What’s Next?

Shares of e.l.f. Beauty (NYSE:ELF) dropped 8.7% during trading on Friday . The stock traded as low as $61.18 and last traded at $61.0820. Approximately 1,800,668 shares traded hands during mid-day trading, a decline of 18% from the average daily volume of 2,184,729 shares. The stock had previously closed at $66.88.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ELF. Robert W. Baird set a $115.00 price target on e.l.f. Beauty in a research note on Thursday, February 5th. Jefferies Financial Group started coverage on e.l.f. Beauty in a research report on Wednesday, January 14th. They issued a “buy” rating and a $110.00 price objective for the company. Citigroup upped their target price on e.l.f. Beauty from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of e.l.f. Beauty in a research report on Wednesday, January 21st. Finally, Zacks Research raised e.l.f. Beauty from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, e.l.f. Beauty currently has a consensus rating of “Moderate Buy” and an average target price of $122.07.

e.l.f. Beauty Stock Performance

The company has a market cap of $3.61 billion, a price-to-earnings ratio of 34.52, a price-to-earnings-growth ratio of 5.85 and a beta of 1.68. The stock’s fifty day simple moving average is $82.25 and its two-hundred day simple moving average is $95.93. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.89 and a current ratio of 2.76.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Wednesday, February 4th. The company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.52. The business had revenue of $489.51 million during the quarter, compared to the consensus estimate of $461.78 million. e.l.f. Beauty had a return on equity of 15.08% and a net margin of 6.84%.The business’s revenue for the quarter was up 37.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.74 EPS. e.l.f. Beauty has set its FY 2026 guidance at 3.050-3.100 EPS. Equities research analysts anticipate that e.l.f. Beauty will post 2.38 EPS for the current year.

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

Large investors have recently modified their holdings of the company. Hsbc Holdings PLC acquired a new position in shares of e.l.f. Beauty in the 4th quarter valued at about $451,000. Rockefeller Capital Management L.P. grew its holdings in shares of e.l.f. Beauty by 83.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 191,843 shares of the company’s stock worth $14,588,000 after purchasing an additional 87,163 shares during the period. World Investment Advisors increased its position in e.l.f. Beauty by 50.3% during the 4th quarter. World Investment Advisors now owns 4,117 shares of the company’s stock worth $313,000 after purchasing an additional 1,377 shares in the last quarter. Pacer Advisors Inc. raised its holdings in e.l.f. Beauty by 80.6% in the fourth quarter. Pacer Advisors Inc. now owns 14,096 shares of the company’s stock valued at $1,072,000 after buying an additional 6,291 shares during the period. Finally, White Knight Strategic Wealth Advisors LLC purchased a new position in e.l.f. Beauty in the fourth quarter valued at approximately $290,000. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

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.