e.l.f. Beauty (NYSE:ELF) Price Target Raised to $137.00

e.l.f. Beauty (NYSE:ELF) had its price target increased by Canaccord Genuity Group from $123.00 to $137.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other equities research analysts have also commented on ELF. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $105.00 price objective on shares of e.l.f. Beauty in a research note on Wednesday. Raymond James Financial upped their price objective on shares of e.l.f. Beauty from $100.00 to $117.00 and gave the stock a “strong-buy” rating in a report on Thursday, October 1st. Morgan Stanley raised their target price on shares of e.l.f. Beauty from $90.00 to $103.00 and gave the company an “equal weight” rating in a research note on Thursday, October 15th. The Goldman Sachs Group set a $100.00 target price on shares of e.l.f. Beauty in a report on Thursday, August 6th. Finally, Weiss Ratings raised e.l.f. Beauty from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $112.06.

e.l.f. Beauty Stock Performance

Shares of e.l.f. Beauty stock opened at $114.45 on Thursday. The company has a current ratio of 2.55, a quick ratio of 1.82 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $6.75 billion, a P/E ratio of 114.45, a P/E/G ratio of 3.03 and a beta of 1.61. The business has a fifty day simple moving average of $104.09 and a two-hundred day simple moving average of $80.72. e.l.f. Beauty has a 12 month low of $48.82 and a 12 month high of $132.37.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Wednesday, August 5th. The company reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $1.04. The firm had revenue of $479.37 million for the quarter, compared to analysts’ expectations of $431.20 million. e.l.f. Beauty had a net margin of 3.38% and a return on equity of 14.07%. The company’s quarterly revenue was up 35.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.89 EPS. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. On average, equities analysts forecast that e.l.f. Beauty will post 2.66 earnings per share for the current fiscal year.

Insider Buying and Selling

In other e.l.f. Beauty news, insider Kory Marchisotto sold 12,173 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $88.02, for a total transaction of $1,071,467.46. Following the transaction, the insider owned 169,695 shares in the company, valued at approximately $14,936,553.90. This represents a 6.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Joshua Franks sold 7,926 shares of the company’s stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $110.15, for a total transaction of $873,048.90. Following the transaction, the senior vice president owned 119,005 shares in the company, valued at $13,108,400.75. This represents a 6.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 103,994 shares of company stock worth $10,695,981 in the last three months. 3.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Legal & General Group Plc purchased a new stake in e.l.f. Beauty during the 2nd quarter valued at $5,684,000. Delta Global Management LP purchased a new position in shares of e.l.f. Beauty in the 1st quarter worth $1,227,000. State Street Corp boosted its stake in shares of e.l.f. Beauty by 4.2% in the 2nd quarter. State Street Corp now owns 1,874,997 shares of the company’s stock worth $138,647,000 after buying an additional 75,842 shares during the last quarter. Aurora Investment Counsel purchased a new position in shares of e.l.f. Beauty in the 2nd quarter worth $2,868,000. Finally, SummitTX Capital L.P. boosted its stake in shares of e.l.f. Beauty by 222.3% in the 1st quarter. SummitTX Capital L.P. now owns 29,240 shares of the company’s stock worth $1,772,000 after buying an additional 20,169 shares during the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

About e.l.f. Beauty

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.