e.l.f. Beauty (NYSE:ELF) Stock Gets Price Target Boost from JPMorgan Chase & Co.

e.l.f. Beauty (NYSE:ELF) had its target price increased by equities research analysts at JPMorgan Chase & Co. from $130.00 to $135.00 in a report issued on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 16.16% from the company’s current price.

ELF has been the topic of several other research reports. Raymond James Financial restated a “strong-buy” rating and set a $132.00 price target on shares of e.l.f. Beauty in a research note on Thursday. B. Riley Financial reaffirmed a “buy” rating and issued a $115.00 price objective (up from $100.00) on shares of e.l.f. Beauty in a research note on Wednesday, September 16th. The Goldman Sachs Group set a $100.00 target price on shares of e.l.f. Beauty in a report on Thursday, August 6th. TD Cowen began coverage on shares of e.l.f. Beauty in a report on Friday, October 30th. They set a “strong-buy” rating on the stock. Finally, Wall Street Zen upgraded e.l.f. Beauty from a “hold” rating to a “buy” rating in a research note on Saturday, October 31st. Three equities 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 issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $117.50.

e.l.f. Beauty Trading Up 5.8%

Shares of e.l.f. Beauty stock traded up $6.37 on Thursday, hitting $116.22. 2,277,184 shares of the company traded hands, compared to its average volume of 1,208,932. 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 company has a market cap of $6.86 billion, a PE ratio of 80.15, a PEG ratio of 2.91 and a beta of 1.61. The stock’s 50 day moving average price is $106.27 and its 200-day moving average price is $82.18. e.l.f. Beauty has a 52 week low of $48.82 and a 52 week high of $123.13.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.61. The company had revenue of $520.82 million for the quarter, compared to analysts’ expectations 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 revenue was up 51.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.68 earnings per share. Equities research analysts predict that e.l.f. Beauty will post 2.69 EPS for the current year.

Insider Activity at e.l.f. Beauty

In related news, CEO Tarang Amin sold 47,000 shares of e.l.f. Beauty stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $103.31, for a total value of $4,855,570.00. Following the completion of the sale, the chief executive officer directly owned 134,496 shares in the company, valued at $13,894,781.76. This trade represents a 25.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mandy J. Fields sold 16,065 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $104.52, for a total transaction of $1,679,113.80. Following the sale, the insider directly owned 90,896 shares in the company, valued at approximately $9,500,449.92. This represents a 15.02% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 91,821 shares of company stock worth $9,624,513. 3.50% of the stock is owned by insiders.

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

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

e.l.f. Beauty News Roundup

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

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.