B. Riley Weighs in on e.l.f. Beauty FY2027 Earnings

e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) - Research analysts at B. Riley issued their FY2027 earnings per share estimates for e.l.f. Beauty in a report released on Thursday, May 29th. B. Riley analyst A. Glaessgen anticipates that the company will earn $2.86 per share for the year. B. Riley has a "Buy" rating and a $90.00 price objective on the stock. The consensus estimate for e.l.f. Beauty's current full-year earnings is $2.38 per share.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.06. e.l.f. Beauty had a return on equity of 16.88% and a net margin of 7.55%. The business had revenue of $332.65 million for the quarter, compared to analyst estimates of $327.45 million. During the same period in the prior year, the company posted $0.53 EPS. The business's revenue was up 3.6% compared to the same quarter last year.

ELF has been the subject of several other reports. UBS Group lifted their price target on shares of e.l.f. Beauty from $59.00 to $84.00 and gave the company a "neutral" rating in a report on Wednesday, May 21st. The Goldman Sachs Group lowered their target price on e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating for the company in a report on Friday, February 21st. Jefferies Financial Group set a $115.00 price target on e.l.f. Beauty and gave the stock a "buy" rating in a report on Thursday, May 29th. Stifel Nicolaus lowered their price objective on e.l.f. Beauty from $115.00 to $105.00 and set a "hold" rating for the company in a research note on Monday, February 3rd. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $109.00 target price (up from $81.00) on shares of e.l.f. Beauty in a research report on Thursday, May 29th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $117.76.

e.l.f. Beauty Stock Performance

ELF stock traded up $0.88 during trading on Monday, hitting $114.65. 2,288,594 shares of the company's stock traded hands, compared to its average volume of 2,505,295. The stock has a market capitalization of $6.47 billion, a price-to-earnings ratio of 67.84, a price-to-earnings-growth ratio of 6.76 and a beta of 1.31. e.l.f. Beauty has a 52 week low of $49.40 and a 52 week high of $219.77. The stock has a fifty day moving average price of $68.20 and a two-hundred day moving average price of $91.38. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20.

Institutional Trading of e.l.f. Beauty

Several institutional investors and hedge funds have recently added to or reduced their stakes in ELF. Truist Financial Corp increased its holdings in shares of e.l.f. Beauty by 1.3% in the fourth quarter. Truist Financial Corp now owns 7,885 shares of the company's stock valued at $990,000 after buying an additional 102 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of e.l.f. Beauty by 0.8% in the 4th quarter. Arizona State Retirement System now owns 16,365 shares of the company's stock worth $2,055,000 after acquiring an additional 128 shares during the last quarter. Treasurer of the State of North Carolina raised its position in shares of e.l.f. Beauty by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 23,630 shares of the company's stock worth $2,967,000 after purchasing an additional 140 shares during the period. Atria Wealth Solutions Inc. lifted its holdings in shares of e.l.f. Beauty by 7.7% during the fourth quarter. Atria Wealth Solutions Inc. now owns 2,089 shares of the company's stock valued at $262,000 after purchasing an additional 150 shares during the last quarter. Finally, Horizon Investments LLC lifted its holdings in shares of e.l.f. Beauty by 29.0% during the fourth quarter. Horizon Investments LLC now owns 742 shares of the company's stock valued at $93,000 after purchasing an additional 167 shares during the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Tarang Amin sold 97,915 shares of e.l.f. Beauty stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $53.36, for a total transaction of $5,224,744.40. Following the transaction, the chief executive officer now directly owns 181,289 shares of the company's stock, valued at $9,673,581.04. The trade was a 35.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jennifer Catherine Hartnett sold 18,383 shares of the business's 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 completion of the sale, the insider now owns 54,163 shares in the company, valued at approximately $5,957,388.37. This trade represents a 25.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 223,001 shares of company stock worth $12,996,483. 3.50% of the stock is owned by corporate insiders.

e.l.f. Beauty Company Profile

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.