Evercore Begins Coverage on e.l.f. Beauty (NYSE:ELF)

Equities research analysts at Evercore began coverage on shares of e.l.f. Beauty (NYSE:ELF) in a report issued on Thursday, Marketbeat reports. The brokerage set an “in-line” rating and a $68.00 price target on the stock. Evercore’s price target indicates a potential upside of 8.97% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. Jefferies Financial Group initiated coverage on shares of e.l.f. Beauty in a research note on Wednesday, January 14th. They set a “buy” rating and a $110.00 price objective for the company. Robert W. Baird set a $115.00 price target on shares of e.l.f. Beauty in a report on Thursday, February 5th. Piper Sandler reduced their price target on shares of e.l.f. Beauty from $100.00 to $85.00 and set a “neutral” rating for the company in a research report on Monday, December 22nd. Zacks Research raised shares of e.l.f. Beauty from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on e.l.f. Beauty from $95.00 to $68.00 and set a “hold” rating on the stock in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, e.l.f. Beauty currently has an average rating of “Moderate Buy” and a consensus target price of $117.19.

e.l.f. Beauty Trading Up 3.0%

NYSE:ELF opened at $62.40 on Thursday. The company has a market cap of $3.68 billion, a P/E ratio of 35.26, a P/E/G ratio of 5.12 and a beta of 1.83. The stock’s fifty day moving average price is $79.89 and its two-hundred day moving average price is $93.51. e.l.f. Beauty has a 1 year low of $49.40 and a 1 year high of $150.99. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.76 and a quick ratio of 1.89.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.52. e.l.f. Beauty had a return on equity of 15.08% and a net margin of 6.84%.The company had revenue of $489.51 million during the quarter, compared to analysts’ expectations of $461.78 million. During the same period in the previous year, the business earned $0.74 earnings per share. The firm’s quarterly revenue was up 37.8% compared to the same quarter last year. e.l.f. Beauty has set its FY 2026 guidance at 3.050-3.100 EPS. As a group, analysts expect that e.l.f. Beauty will post 2.38 EPS for the current year.

Institutional Trading of e.l.f. Beauty

A number of hedge funds have recently bought and sold shares of ELF. EverSource Wealth Advisors LLC grew its position in e.l.f. Beauty by 97.0% during the second quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company’s stock valued at $32,000 after acquiring an additional 128 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings 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 acquiring an additional 117 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of e.l.f. Beauty in the 4th quarter valued at $26,000. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of e.l.f. Beauty by 29.3% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 384 shares of the company’s stock valued at $52,000 after purchasing an additional 87 shares in the last quarter. Finally, Hilton Head Capital Partners LLC bought a new position in shares of e.l.f. Beauty during the 4th quarter valued at $32,000. 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.