e.l.f. Beauty (NYSE:ELF) Given "Buy" Rating at B. Riley

e.l.f. Beauty (NYSE:ELF - Get Free Report)'s stock had its "buy" rating restated by equities researchers at B. Riley in a research note issued to investors on Friday, MarketBeat Ratings reports. They currently have a $150.00 price objective on the stock, up from their prior price objective of $110.00. B. Riley's price target suggests a potential upside of 18.85% from the company's previous close. B. Riley also issued estimates for e.l.f. Beauty's Q1 2026 earnings at $0.63 EPS.

A number of other equities research analysts have also issued reports on ELF. Canaccord Genuity Group set a $114.00 target price on shares of e.l.f. Beauty in a report on Thursday, May 29th. Morgan Stanley upped their price objective on e.l.f. Beauty from $70.00 to $105.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 29th. The Goldman Sachs Group reduced their price objective on e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Robert W. Baird boosted their target price on e.l.f. Beauty from $110.00 to $145.00 and gave the stock an "outperform" rating in a research note on Friday, June 6th. Finally, DA Davidson reduced their price target on e.l.f. Beauty from $80.00 to $75.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $124.24.

e.l.f. Beauty Trading Up 0.8%

NYSE ELF traded up $0.95 on Friday, reaching $126.21. The stock had a trading volume of 1,623,665 shares, compared to its average volume of 2,545,876. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. The stock has a fifty day moving average price of $78.97 and a two-hundred day moving average price of $91.08. e.l.f. Beauty has a 12-month low of $49.40 and a 12-month high of $219.77. The firm has a market capitalization of $7.11 billion, a price-to-earnings ratio of 74.68, a P/E/G ratio of 6.76 and a beta of 1.52.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last announced its earnings results on Wednesday, May 28th. The company reported $0.78 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.06. The company had revenue of $332.65 million during the quarter, compared to analysts' expectations of $327.45 million. e.l.f. Beauty had a return on equity of 16.88% and a net margin of 7.55%. e.l.f. Beauty's revenue for the quarter was up 3.6% on a year-over-year basis. During the same period last year, the business posted $0.53 EPS. As a group, sell-side analysts forecast that e.l.f. Beauty will post 2.38 EPS for the current fiscal year.

Insider Activity

In other news, insider Jennifer Catherine Hartnett sold 18,383 shares of e.l.f. Beauty stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $109.99, for a total transaction of $2,021,946.17. Following the sale, the insider now owns 54,163 shares in the company, valued at approximately $5,957,388.37. The trade was a 25.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Joshua Allen Franks sold 51,353 shares of the firm's stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $53.36, for a total value of $2,740,196.08. Following the transaction, the senior vice president now owns 114,660 shares in the company, valued at $6,118,257.60. This represents a 30.93% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 327,207 shares of company stock worth $25,252,926. Corporate insiders own 3.50% of the company's stock.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ELF. Nemes Rush Group LLC acquired a new position in shares of e.l.f. Beauty in the 4th quarter valued at $27,000. Orion Capital Management LLC purchased a new position in e.l.f. Beauty during the 4th quarter worth $30,000. Promus Capital LLC acquired a new stake in shares of e.l.f. Beauty during the fourth quarter worth about $31,000. Kestra Investment Management LLC acquired a new stake in e.l.f. Beauty during the 4th quarter worth approximately $32,000. Finally, Wilmington Savings Fund Society FSB grew its position in e.l.f. Beauty by 84.9% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 429 shares of the company's stock valued at $54,000 after buying an additional 197 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 holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.