e.l.f. Beauty (NYSE:ELF) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded e.l.f. Beauty from “buy” to “hold.” Other analysts remain more positive overall, with MarketBeat reporting a “Moderate Buy” consensus and a $117.50 average price target.
• The company reported quarterly EPS of $1.21, beating the $0.60 consensus, while revenue rose 51.4% year over year to $520.82 million, above estimates.
• Several firms raised their price targets after the results, including Citigroup to $139 and JPMorgan to $135; Piper Sandler’s $110 target and neutral rating suggest some analysts see limited upside.

e.l.f. Beauty (NYSE:ELF - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Sunday, Wall Street Zen reports.

Other equities analysts have also issued reports about the stock. JPMorgan Chase & Co. raised their price target on shares of e.l.f. Beauty from $130.00 to $135.00 and gave the stock an "overweight" rating in a research report on Thursday. Sanford C. Bernstein upped their price objective on shares of e.l.f. Beauty from $121.00 to $127.00 and gave the company an "outperform" rating in a report on Thursday, September 17th. Citigroup increased their price objective on shares of e.l.f. Beauty from $130.00 to $139.00 and gave the stock a "buy" rating in a research note on Thursday. Piper Sandler increased their price objective on shares of e.l.f. Beauty from $100.00 to $110.00 and gave the stock a "neutral" rating in a research note on Thursday. Finally, B. Riley Financial reissued a "buy" rating and set a $115.00 target price (up from $100.00) on shares of e.l.f. Beauty in a report on Wednesday, September 16th. Three analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $117.50.

e.l.f. Beauty Trading Up 5.8%

Shares of e.l.f. Beauty stock opened at $116.22 on Friday. The firm's 50 day simple moving average is $106.27 and its two-hundred day simple moving average is $82.18. The firm has a market capitalization of $6.86 billion, a price-to-earnings ratio of 80.15, a PEG ratio of 3.05 and a beta of 1.61. e.l.f. Beauty has a 12-month low of $48.82 and a 12-month high of $123.13. The company has a current ratio of 2.57, a quick ratio of 1.82 and a debt-to-equity ratio of 0.65.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last released its earnings results on Wednesday, November 4th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.61. The firm had revenue of $520.82 million for the quarter, compared to the consensus estimate of $473.51 million. e.l.f. Beauty had a return on equity of 16.40% and a net margin of 4.47%. The firm's revenue was up 51.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.68 EPS. Analysts predict that e.l.f. Beauty will post 2.72 EPS for the current year.

Insider Buying and Selling

In other news, insider Mandy Fields sold 16,065 shares of the firm's stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $104.52, for a total transaction of $1,679,113.80. Following the sale, the insider owned 90,896 shares of the company's stock, valued at $9,500,449.92. This trade represents a 15.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Joshua Franks sold 8,366 shares of e.l.f. Beauty stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $110.01, for a total transaction of $920,343.66. Following the transaction, the senior vice president directly owned 126,931 shares of the company's stock, valued at approximately $13,963,679.31. This trade represents a 6.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 91,821 shares of company stock valued at $9,624,513 in the last ninety days. Insiders own 3.50% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Park Avenue Securities LLC grew its stake in shares of e.l.f. Beauty by 1.4% in the third quarter. Park Avenue Securities LLC now owns 6,327 shares of the company's stock worth $639,000 after acquiring an additional 89 shares during the last quarter. Greenwood Capital Associates LLC increased its position in e.l.f. Beauty by 2.4% during the second quarter. Greenwood Capital Associates LLC now owns 5,436 shares of the company's stock worth $402,000 after acquiring an additional 125 shares during the period. SBI Securities Co. Ltd. increased its position in e.l.f. Beauty by 64.5% during the third quarter. SBI Securities Co. Ltd. now owns 334 shares of the company's stock worth $34,000 after acquiring an additional 131 shares during the period. Quadrant Capital Group LLC raised its stake in e.l.f. Beauty by 3.3% during the 3rd quarter. Quadrant Capital Group LLC now owns 6,196 shares of the company's stock valued at $670,000 after purchasing an additional 197 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its stake in 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 valued at $734,000 after purchasing an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company's stock.

e.l.f. Beauty News Summary

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

e.l.f. Beauty Company Profile

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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