e.l.f. Beauty (NYSE:ELF) Stock Gets Price Target Boost from Piper Sandler

e.l.f. Beauty (NYSE:ELF) had its target price boosted by analysts at Piper Sandler from $100.00 to $110.00 in a research note issued on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Piper Sandler‘s price objective indicates a potential downside of 5.35% from the company’s current price.

A number of other brokerages have also recently commented on ELF. Jefferies Financial Group increased their price objective on shares of e.l.f. Beauty from $100.00 to $132.00 and gave the company a “buy” rating in a research note on Monday, October 19th. Citigroup lifted their target price on shares of e.l.f. Beauty from $118.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, October 14th. JPMorgan Chase & Co. upped their price target on shares of e.l.f. Beauty from $106.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, October 19th. B. Riley Financial reaffirmed a “buy” rating and issued a $115.00 price target (up from $100.00) on shares of e.l.f. Beauty in a report on Wednesday, September 16th. Finally, Sanford C. Bernstein increased their price target on shares of e.l.f. Beauty from $121.00 to $127.00 and gave the company an “outperform” rating in a research report on Thursday, September 17th. Three research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $117.50.

e.l.f. Beauty Price Performance

NYSE ELF traded up $6.37 during mid-day trading on Thursday, hitting $116.22. The stock had a trading volume of 2,277,184 shares, compared to its average volume of 1,208,932. The company has a 50 day simple moving average of $106.27 and a 200 day simple moving average of $82.18. The company has a market cap of $6.86 billion, a price-to-earnings ratio of 80.15, a P/E/G ratio of 2.91 and a beta of 1.61. e.l.f. Beauty has a 52-week low of $48.82 and a 52-week high of $123.13. 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 (NYSE:ELF) last posted its earnings results on Wednesday, November 4th. The company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.61. The company had revenue of $520.82 million for the quarter, compared to the consensus estimate of $473.51 million. e.l.f. Beauty had a return on equity of 14.07% and a net margin of 3.38%. e.l.f. Beauty’s quarterly revenue was up 51.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.68 earnings per share. Equities analysts forecast that e.l.f. Beauty will post 2.69 EPS for the current fiscal year.

Insider Activity

In related news, Director Lauren Levitan sold 1,034 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $93.15, for a total transaction of $96,317.10. Following the transaction, the director owned 10,516 shares of the company’s stock, valued at approximately $979,565.40. This represents a 8.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Joshua Franks sold 7,926 shares of the firm’s stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $110.15, for a total transaction of $873,048.90. Following the sale, the senior vice president owned 119,005 shares in the company, valued at approximately $13,108,400.75. This trade represents a 6.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 91,821 shares of company stock valued at $9,624,513. 3.50% of the stock is owned by corporate insiders.

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

Several institutional investors have recently added to or reduced their stakes in ELF. Diversified Trust Co increased its stake in shares of e.l.f. Beauty by 4.3% during the 3rd quarter. Diversified Trust Co now owns 9,552 shares of the company’s stock valued at $964,000 after acquiring an additional 396 shares during the last quarter. Private Advisory Group LLC acquired a new position in e.l.f. Beauty in the third quarter valued at $1,389,000. Russell Investments Group Ltd. grew its position in e.l.f. Beauty by 92.6% during the third quarter. Russell Investments Group Ltd. now owns 83,526 shares of the company’s stock valued at $8,434,000 after acquiring an additional 40,154 shares during the period. Eurizon Capital SGR S.p.A. grew its position in e.l.f. Beauty by 35.6% during the third quarter. Eurizon Capital SGR S.p.A. now owns 788 shares of the company’s stock valued at $80,000 after acquiring an additional 207 shares during the period. Finally, CENTRAL TRUST Co increased its stake in e.l.f. Beauty by 17,570.0% during the third quarter. CENTRAL TRUST Co now owns 1,767 shares of the company’s stock worth $178,000 after acquiring an additional 1,757 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Key e.l.f. Beauty News

Here are the key news stories impacting e.l.f. Beauty this week:

• Positive Sentiment: Fiscal Q2 revenue rose 51.4% year over year to $520.8 million, while adjusted earnings of $1.21 per share substantially exceeded analyst expectations. The company also raised its FY2027 outlook, signaling confidence in continued growth. Article: e.l.f. Beauty Glows Up
• Positive Sentiment: The company extended its run to 31 consecutive quarters of net-sales growth. Management attributed performance to product innovation, while CEO comments that all its brands are growing reinforce the breadth of its momentum. Article: E.l.f. Beauty growth driven by innovation, not just pricing power Article: E.l.f. CEO: All of Our Brands Are Growing
• Positive Sentiment: Several firms raised their price targets after the results: Citigroup to $139 and JPMorgan to $135, both with bullish ratings, while UBS raised its target to $129 but kept a neutral rating. Citigroup rating information JPMorgan rating information UBS rating information
• Neutral Sentiment: e.l.f. is partnering with Palm Tree Crew for a multi-day Art Basel Miami activation, offering brand exposure but with no disclosed financial impact. Article: The Palm Tree Club & Hotel Miami is Turning into Hote.l.f
• Negative Sentiment: Piper Sandler raised its price target to $110 but maintained a neutral rating; that target remains below the stock’s recent trading level, suggesting some analysts see limited near-term upside. Piper Sandler rating information

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.