e.l.f. Beauty (NYSE:ELF) Now Covered by TD Cowen

Key Points

• TD Cowen initiated coverage of e.l.f. Beauty with a “strong-buy” rating. The stock has a “Moderate Buy” consensus rating and an average analyst price target of $112.06.
• e.l.f. Beauty recently reported quarterly EPS of $1.75, well above the $0.71 consensus estimate, while revenue rose 35.5% year over year to $479.37 million.
• Insiders sold approximately $10.7 million worth of shares over the past 90 days, while institutional investors and hedge funds own 92.44% of the company.

TD Cowen began coverage on shares of e.l.f. Beauty (NYSE:ELF - Get Free Report) in a report released on Friday, Zacks reports. The firm set a "strong-buy" rating on the stock.

ELF has been the subject of several other reports. Zacks Research upgraded e.l.f. Beauty from a "hold" rating to a "strong-buy" rating in a research note on Friday, October 9th. Robert W. Baird boosted their target price on e.l.f. Beauty from $105.00 to $120.00 and gave the company an "outperform" rating in a research report on Wednesday, October 7th. JPMorgan Chase & Co. upped their price target on e.l.f. Beauty from $106.00 to $130.00 and gave the stock an "overweight" rating in a research note on Monday, October 19th. B. Riley Financial reiterated a "buy" rating and issued a $115.00 price target (up from $100.00) on shares of e.l.f. Beauty in a report on Wednesday, September 16th. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of e.l.f. Beauty in a research note on Wednesday. Three 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 given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $112.06.

e.l.f. Beauty Stock Performance

NYSE:ELF opened at $111.78 on Friday. 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 $124.99. The company has a fifty day moving average of $105.55 and a 200-day moving average of $81.58. The firm has a market capitalization of $6.60 billion, a P/E ratio of 111.78, a P/E/G ratio of 3.00 and a beta of 1.61.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $1.04. The business had revenue of $479.37 million for the quarter, compared to analyst estimates of $431.20 million. e.l.f. Beauty had a net margin of 3.38% and a return on equity of 14.07%. e.l.f. Beauty's revenue was up 35.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.89 earnings per share. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. As a group, sell-side analysts anticipate that e.l.f. Beauty will post 2.66 EPS for the current year.

Insider Activity

In other news, SVP Joshua Franks sold 8,366 shares of the business's stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $110.01, for a total transaction of $920,343.66. Following the completion of the sale, the senior vice president directly owned 126,931 shares of the company's stock, valued at $13,963,679.31. The trade was a 6.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Mandy Fields sold 16,065 shares of the business's stock in a transaction dated 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 of the company's stock, valued at approximately $9,500,449.92. The trade was a 15.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 103,994 shares of company stock valued at $10,695,981. 3.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On e.l.f. Beauty

A number of hedge funds have recently added to or reduced their stakes in ELF. Trek Financial LLC purchased a new position in shares of e.l.f. Beauty in the 3rd quarter worth about $8,422,000. Virtue Capital Management LLC bought a new position in e.l.f. Beauty during the third quarter valued at about $1,358,000. Sumitomo Mitsui Trust Group Inc. purchased a new stake in e.l.f. Beauty during the third quarter worth about $223,000. ProShare Advisors LLC purchased a new stake in e.l.f. Beauty during the third quarter worth about $226,000. Finally, Vise Technologies Inc. purchased a new stake in e.l.f. Beauty during the third quarter worth about $709,000. Institutional investors and hedge funds own 92.44% of the company's stock.

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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