e.l.f. Beauty (NYSE:ELF) Upgraded at Zacks Research

e.l.f. Beauty (NYSE:ELF) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Other analysts have also recently issued research reports about the stock. B. Riley Financial boosted their target price on shares of e.l.f. Beauty from $70.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Jefferies Financial Group raised their price objective on e.l.f. Beauty from $72.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, July 28th. JPMorgan Chase & Co. raised their price objective on e.l.f. Beauty from $94.00 to $111.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Canaccord Genuity Group boosted their price objective on e.l.f. Beauty from $90.00 to $97.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. Finally, Robert W. Baird set a $105.00 target price on e.l.f. Beauty in a research report on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $90.81.

e.l.f. Beauty Price Performance

Shares of ELF stock opened at $92.08 on Wednesday. The business has a fifty day simple moving average of $74.70 and a 200 day simple moving average of $71.66. The company has a market cap of $5.43 billion, a P/E ratio of 92.08, a P/E/G ratio of 3.11 and a beta of 1.58. 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 twelve month low of $48.82 and a twelve month high of $150.99.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Wednesday, August 5th. The company reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $1.04. e.l.f. Beauty had a return on equity of 14.07% and a net margin of 3.38%.The firm had revenue of $479.37 million for the quarter, compared to analysts’ expectations of $431.20 million. During the same quarter in the previous year, the business posted $0.89 earnings per share. The business’s revenue for the quarter 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. On average, sell-side analysts forecast that e.l.f. Beauty will post 2.45 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Kory Marchisotto sold 12,173 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was 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 in the company, valued at $14,936,553.90. This represents a 6.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jennifer Catherine Hartnett sold 25,357 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $80.00, for a total transaction of $2,028,560.00. Following the completion of the transaction, the insider owned 28,699 shares in the company, valued at $2,295,920. This trade represents a 46.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 134,028 shares of company stock valued at $9,422,961 over the last 90 days. 3.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On e.l.f. Beauty

Several institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada grew its stake in e.l.f. Beauty by 9.9% during the first quarter. Royal Bank of Canada now owns 153,682 shares of the company’s stock worth $9,650,000 after purchasing an additional 13,851 shares during the period. Integrated Wealth Concepts LLC lifted its stake in e.l.f. Beauty by 168.6% in the first quarter. Integrated Wealth Concepts LLC now owns 6,483 shares of the company’s stock valued at $407,000 after buying an additional 4,069 shares during the period. NewEdge Advisors LLC lifted its stake in e.l.f. Beauty by 176.4% in the first quarter. NewEdge Advisors LLC now owns 4,677 shares of the company’s stock valued at $294,000 after buying an additional 2,985 shares during the period. United Services Automobile Association bought a new position in shares of e.l.f. Beauty during the 1st quarter worth approximately $240,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of e.l.f. Beauty by 58.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company’s stock worth $39,000 after buying an additional 117 shares in the last quarter. 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.