e.l.f. Beauty (NYSE:ELF) Given New $129.00 Price Target at UBS Group

Key Points

• UBS raised its e.l.f. Beauty price target to $129 from $116 but maintained a Neutral rating; the new target implies about 17% upside from the prior close.
• Analyst views are broadly positive: MarketBeat reported an average “Moderate Buy” rating and an average price target of $117.50.
• e.l.f. reported quarterly revenue of $520.8 million, up 51.4% year over year and above estimates, while earnings of $1.21 per share topped the $0.60 consensus estimate.

e.l.f. Beauty (NYSE:ELF - Get Free Report) had its target price lifted by research analysts at UBS Group from $116.00 to $129.00 in a report issued on Thursday, Benzinga reports. The firm currently has a "neutral" rating on the stock. UBS Group's price objective indicates a potential upside of 17.11% from the stock's previous close.

ELF has been the topic of a number of other reports. Morgan Stanley lifted their target price on e.l.f. Beauty from $90.00 to $103.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 15th. Weiss Ratings restated a "sell (d+)" rating on shares of e.l.f. Beauty in a research report on Wednesday, October 28th. Bank of America raised their price objective on shares of e.l.f. Beauty from $100.00 to $118.00 and gave the stock a "buy" rating in a report on Tuesday, September 15th. Zacks Research raised shares of e.l.f. Beauty from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 9th. Finally, Raymond James Financial reiterated a "strong-buy" rating and issued a $132.00 target price on shares of e.l.f. Beauty in a research note on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, e.l.f. Beauty has an average rating of "Moderate Buy" and an average price target of $117.50.

e.l.f. Beauty Stock Performance

Shares of ELF stock traded down $3.48 during trading on Thursday, hitting $110.15. The company's stock had a trading volume of 3,152,489 shares, compared to its average volume of 2,466,204. 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 $6.50 billion, a PE ratio of 110.15, a P/E/G ratio of 2.93 and a beta of 1.61. The business has a fifty day moving average of $106.07 and a 200-day moving average of $82.04. 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 - Get Free Report) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $1.21 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.61. e.l.f. Beauty had a return on equity of 14.07% and a net margin of 3.38%. The business had revenue of $520.82 million for the quarter, compared to analyst estimates of $473.51 million. During the same period last year, the company posted $0.68 earnings per share. e.l.f. Beauty's quarterly revenue was up 51.4% compared to the same quarter last year. As a group, research analysts anticipate that e.l.f. Beauty will post 2.69 earnings per share for the current year.

Insider Transactions at e.l.f. Beauty

In other news, CEO Tarang Amin sold 47,000 shares of the stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $103.31, for a total transaction of $4,855,570.00. Following the completion of the transaction, the chief executive officer owned 134,496 shares in the company, valued at approximately $13,894,781.76. This represents a 25.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lauren Levitan sold 1,034 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $93.15, for a total value of $96,317.10. Following the transaction, the director owned 10,516 shares of the company's stock, valued at $979,565.40. The trade was a 8.95% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 91,821 shares of company stock worth $9,624,513 over the last quarter. 3.50% of the stock is currently owned by corporate insiders.

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

Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in shares of e.l.f. Beauty in the second quarter valued at approximately $428,262,000. State Street Corp lifted its stake in shares of e.l.f. Beauty by 4.2% during the 2nd quarter. State Street Corp now owns 1,874,997 shares of the company's stock valued at $138,647,000 after buying an additional 75,842 shares in the last quarter. Primecap Management Co. CA bought a new position in e.l.f. Beauty in the 2nd quarter worth approximately $78,202,000. Prime Capital Management Co Ltd bought a new position in e.l.f. Beauty in the 2nd quarter worth approximately $44,736,000. Finally, Bank of America Corp DE grew its stake in e.l.f. Beauty by 45.9% in the 1st quarter. Bank of America Corp DE now owns 418,431 shares of the company's stock valued at $25,361,000 after buying an additional 131,572 shares in the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

e.l.f. Beauty News Summary

Here are the key news stories impacting e.l.f. Beauty this week:

• Positive Sentiment: Sales rose 51% year over year to $520.8 million, beating analyst expectations of about $473.5 million. Adjusted earnings of $1.21 per share also topped estimates near $0.60, and the company marked its 31st consecutive quarter of sales growth. e.l.f. Beauty fiscal 2027 results
• Positive Sentiment: Management raised its full-year net sales growth outlook to 22%–24%, citing momentum across its portfolio. Higher guidance following a substantial earnings and revenue beat may support expectations for continued growth. e.l.f. Beauty posts sales increase and raises guidance
• Positive Sentiment: Citigroup raised its price target from $130 to $139 and maintained a Buy rating; JPMorgan raised its target from $130 to $135 and maintained an Overweight rating. Both actions signal continued analyst confidence after the results.
• Neutral Sentiment: Piper Sandler raised its target from $100 to $110 but kept a Neutral rating, indicating a more cautious view than the other analyst updates.

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.

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