e.l.f. Beauty (NYSE:ELF) Price Target Raised to $118.00

e.l.f. Beauty (NYSE:ELF) had its target price hoisted by Bank of America from $100.00 to $118.00 in a research report report published on Tuesday,Benzinga reports. Bank of America currently has a buy rating on the stock.

Several other research analysts have also commented on the company. Weiss Ratings upgraded e.l.f. Beauty from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, July 30th. TD Cowen upped their price objective on e.l.f. Beauty from $85.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, August 10th. B. Riley Financial raised their price objective on e.l.f. Beauty from $70.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Piper Sandler lifted their target price on e.l.f. Beauty from $50.00 to $65.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Finally, Canaccord Genuity Group lifted their target price on e.l.f. Beauty from $110.00 to $123.00 and gave the stock a “buy” rating in a report on Thursday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $97.12.

e.l.f. Beauty Price Performance

e.l.f. Beauty stock opened at $93.46 on Tuesday. The company has a market cap of $5.51 billion, a price-to-earnings ratio of 93.46, a PEG ratio of 2.64 and a beta of 1.60. The firm’s fifty day moving average is $92.17 and its 200 day moving average is $74.47. The company has a quick ratio of 1.82, a current ratio of 2.55 and a debt-to-equity ratio of 0.69. e.l.f. Beauty has a 52-week low of $48.82 and a 52-week high of $149.48.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $1.04. e.l.f. Beauty had a net margin of 3.38% and a return on equity of 14.07%. The business had revenue of $479.37 million during the quarter, compared to analysts’ expectations of $431.20 million. During the same period last year, the company posted $0.89 EPS. The business’s revenue was up 35.5% on a year-over-year basis. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. Sell-side analysts forecast that e.l.f. Beauty will post 2.64 EPS for the current fiscal year.

Insider Activity

In related news, insider Kory Marchisotto sold 12,173 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $88.02, for a total value of $1,071,467.46. Following the sale, the insider directly owned 169,695 shares of the company’s stock, valued at $14,936,553.90. This represents a 6.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Tarang Amin sold 50,164 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $78.24, for a total transaction of $3,924,831.36. Following the completion of the sale, the chief executive officer directly owned 110,496 shares of the company’s stock, valued at approximately $8,645,207.04. The trade was a 31.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 116,223 shares of company stock worth $10,000,410 in the last 90 days. Company insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of ELF. Legal & General Group Plc purchased a new stake in shares of e.l.f. Beauty in the second quarter valued at approximately $5,684,000. BNP Paribas Financial Markets increased its holdings in e.l.f. Beauty by 3,131.7% during the 4th quarter. BNP Paribas Financial Markets now owns 924,902 shares of the company’s stock worth $70,330,000 after purchasing an additional 896,282 shares during the period. Norges Bank purchased a new position in e.l.f. Beauty during the 4th quarter worth $38,895,000. Delta Global Management LP bought a new stake in e.l.f. Beauty during the 1st quarter valued at $1,227,000. Finally, Aurora Investment Counsel bought a new stake in e.l.f. Beauty during the 2nd quarter valued at $2,868,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc develops, markets and sells cosmetics, skin care and beauty products. Its portfolio includes e.l.f. Cosmetics, which offers makeup, skin care, tools and accessories, as well as brands such as Naturium, W3LL PEOPLE and Keys Soulcare. The company positions its products as accessible and affordable alternatives across a range of beauty categories.

Founded in 2004, e.l.f. Beauty distributes its products through mass retailers, specialty beauty stores, direct-to-consumer websites and other digital channels.