e.l.f. Beauty (NYSE:ELF) Short Interest Down 20.5% in February

e.l.f. Beauty (NYSE:ELF) was the target of a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 5,348,317 shares, a decline of 20.5% from the February 12th total of 6,727,406 shares. Based on an average daily trading volume, of 2,017,453 shares, the short-interest ratio is presently 2.7 days. Currently, 9.4% of the shares of the company are sold short. Currently, 9.4% of the shares of the company are sold short. Based on an average daily trading volume, of 2,017,453 shares, the short-interest ratio is presently 2.7 days.

Institutional Trading of e.l.f. Beauty

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of 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 worth $52,000 after acquiring an additional 87 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in shares of e.l.f. Beauty by 1.9% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 5,426 shares of the company’s stock valued at $719,000 after purchasing an additional 100 shares in the last quarter. State of Wyoming increased its stake in shares of e.l.f. Beauty by 7.1% in the 3rd quarter. State of Wyoming now owns 1,595 shares of the company’s stock valued at $211,000 after purchasing an additional 106 shares in the last quarter. Securian Asset Management Inc. raised its holdings in e.l.f. Beauty by 2.7% in the 3rd quarter. Securian Asset Management Inc. now owns 4,442 shares of the company’s stock worth $588,000 after purchasing an additional 115 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in 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 purchasing an additional 117 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

e.l.f. Beauty Stock Performance

e.l.f. Beauty stock traded up $1.02 during midday trading on Tuesday, hitting $74.64. 1,308,141 shares of the company were exchanged, compared to its average volume of 2,197,448. The business has a fifty day simple moving average of $84.50 and a two-hundred day simple moving average of $98.38. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.89 and a current ratio of 2.76. The firm has a market capitalization of $4.41 billion, a PE ratio of 42.17, a price-to-earnings-growth ratio of 6.17 and a beta of 1.67. e.l.f. Beauty has a fifty-two week low of $49.40 and a fifty-two week high of $150.99.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.52. The company 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%.e.l.f. Beauty’s revenue for the quarter was up 37.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.74 earnings per share. e.l.f. Beauty has set its FY 2026 guidance at 3.050-3.100 EPS. On average, sell-side analysts forecast that e.l.f. Beauty will post 2.38 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on ELF. JPMorgan Chase & Co. upped their target price on e.l.f. Beauty from $103.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, February 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of e.l.f. Beauty in a research note on Wednesday, January 21st. Wall Street Zen raised e.l.f. Beauty from a “sell” rating to a “hold” rating in a report on Saturday, January 24th. Robert W. Baird set a $115.00 price objective on e.l.f. Beauty in a research note on Thursday, February 5th. Finally, TD Cowen decreased their target price on e.l.f. Beauty from $110.00 to $100.00 and set a “buy” rating for the company in a report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, e.l.f. Beauty has a consensus rating of “Moderate Buy” and an average price target of $122.07.

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.