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

Key Points

• JPMorgan raised e.l.f. Beauty’s price target from $106 to $130 while maintaining an “overweight” rating, implying 14.7% upside from the prior close.
• Analyst sentiment remains positive: the stock has a “Moderate Buy” consensus rating and an average price target of $108.62, with several firms recently increasing their targets.
• e.l.f. Beauty reported quarterly earnings of $1.75 per share, beating estimates by $1.04, while revenue rose 35.5% year over year to $479.37 million. However, insiders have sold roughly $9.8 million worth of shares over the past 90 days.

e.l.f. Beauty (NYSE:ELF - Get Free Report) had its target price raised by JPMorgan Chase & Co. from $106.00 to $130.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price would suggest a potential upside of 14.70% from the stock's previous close.

Several other analysts have also issued reports on the stock. Sanford C. Bernstein upped their price target on shares of e.l.f. Beauty from $121.00 to $127.00 and gave the stock an "outperform" rating in a research report on Thursday, September 17th. Robert W. Baird increased their target price on shares of e.l.f. Beauty from $105.00 to $120.00 and gave the stock an "outperform" rating in a report on Wednesday, October 7th. Citigroup increased their price objective on e.l.f. Beauty from $118.00 to $130.00 and gave the company a "buy" rating in a report on Wednesday, October 14th. Canaccord Genuity Group upped their price objective on shares of e.l.f. Beauty from $110.00 to $123.00 and gave the company a "buy" rating in a research note on Thursday, August 27th. Finally, B. Riley Financial reaffirmed a "buy" rating and issued a $115.00 target price (up from $100.00) on shares of e.l.f. Beauty in a research report on Wednesday, September 16th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $108.62.

e.l.f. Beauty Stock Performance

ELF traded down $0.20 during trading on Monday, reaching $113.34. 728,813 shares of the company's stock were exchanged, compared to its average volume of 2,530,881. The company has a market capitalization of $6.69 billion, a P/E ratio of 113.41, a PEG ratio of 3.20 and a beta of 1.61. 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 fifty-two week low of $48.82 and a fifty-two week high of $137.52. The business has a 50 day moving average price of $102.01 and a 200 day moving average price of $78.99.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.75 EPS for the quarter, topping analysts' consensus estimates of $0.71 by $1.04. The company had revenue of $479.37 million for the quarter, compared to analyst estimates of $431.20 million. e.l.f. Beauty had a return on equity of 14.07% and a net margin of 3.38%. The business's revenue was up 35.5% on a year-over-year basis. During the same quarter in the previous 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, analysts predict that e.l.f. Beauty will post 2.65 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Tarang Amin sold 47,000 shares of the business's stock in a transaction 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 sale, the chief executive officer owned 134,496 shares in the company, valued at approximately $13,894,781.76. The trade was a 25.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Joshua Franks sold 8,366 shares of the business's stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $110.01, for a total value of $920,343.66. Following the transaction, the senior vice president owned 126,931 shares of the company's stock, valued at $13,963,679.31. This trade represents a 6.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 96,068 shares of company stock valued at $9,822,932 in the last 90 days. Insiders own 3.50% of the company's stock.

Institutional Trading of e.l.f. Beauty

Large investors have recently bought and sold shares of the stock. Greenwood Capital Associates LLC lifted its holdings in e.l.f. Beauty by 2.4% in the second quarter. Greenwood Capital Associates LLC now owns 5,436 shares of the company's stock valued at $402,000 after acquiring an additional 125 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in shares of e.l.f. Beauty by 1.7% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 12,108 shares of the company's stock worth $734,000 after acquiring an additional 200 shares in the last quarter. Waverly Advisors LLC increased its stake in e.l.f. Beauty by 1.9% in the 1st quarter. Waverly Advisors LLC now owns 11,930 shares of the company's stock valued at $723,000 after purchasing an additional 217 shares in the last quarter. First Citizens Bank & Trust Co. raised its holdings in e.l.f. Beauty by 3.5% during the first quarter. First Citizens Bank & Trust Co. now owns 6,599 shares of the company's stock worth $400,000 after purchasing an additional 226 shares during the last quarter. Finally, World Investment Advisors grew its holdings in e.l.f. Beauty by 6.9% in the first quarter. World Investment Advisors now owns 4,402 shares of the company's stock valued at $267,000 after purchasing an additional 285 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company's stock.

About e.l.f. Beauty

e.l.f. Beauty, Inc is a cosmetics and skin-care company that develops, markets and sells beauty products through mass retailers, specialty beauty stores, e-commerce platforms and its own websites. Its portfolio includes makeup, skin-care, body-care and related beauty products designed to offer accessible pricing and broad consumer appeal.

The company's principal brand is e.l.f. Cosmetics, which offers products such as complexion makeup, eye cosmetics, lip products, brushes and skin-care items.

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