Bank of America Lowers e.l.f. Beauty (NYSE:ELF) Price Target to $93.00

Key Points

• Bank of America cut its price target on e.l.f. Beauty to $93.00 (from $115) while keeping a "buy" rating, implying about a 45.5% upside from the prior close.
• e.l.f. posted a strong quarter—EPS $1.24 vs. $0.72 expected and revenue $489.5M (up 37.8% YoY)—and set FY2026 guidance of $3.05–3.10 EPS.
• CEO Tarang Amin sold 52,880 shares (about $3.31M) reducing his stake by ~35%, even as institutional investors own roughly 92.44% of the company.

e.l.f. Beauty (NYSE:ELF - Get Free Report) had its price objective dropped by equities researchers at Bank of America from $115.00 to $93.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Bank of America's target price indicates a potential upside of 45.53% from the company's previous close.

Several other equities research analysts also recently commented on ELF. Weiss Ratings reissued a "hold (c)" rating on shares of e.l.f. Beauty in a report on Wednesday, January 21st. Zacks Research raised shares of e.l.f. Beauty from a "strong sell" rating to a "hold" rating in a research report on Monday, January 5th. Piper Sandler cut their price target on shares of e.l.f. Beauty from $100.00 to $85.00 and set a "neutral" rating for the company in a research note on Monday, December 22nd. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of e.l.f. Beauty from $95.00 to $68.00 and set a "hold" rating for the company in a research report on Monday, March 30th. Finally, Evercore initiated coverage on shares of e.l.f. Beauty in a research note on Thursday, April 2nd. They set an "inline" rating and a $68.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $111.00.

e.l.f. Beauty Trading Up 3.5%

e.l.f. Beauty stock opened at $63.91 on Friday. The firm has a 50-day moving average of $76.67 and a 200-day moving average of $90.44. e.l.f. Beauty has a one year low of $49.40 and a one year high of $150.99. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.76 and a quick ratio of 1.89. The company has a market cap of $3.77 billion, a price-to-earnings ratio of 36.11, a P/E/G ratio of 3.80 and a beta of 1.83.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last released its earnings results on Wednesday, February 4th. The company reported $1.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.52. e.l.f. Beauty had a return on equity of 15.08% and a net margin of 6.84%.The business had revenue of $489.51 million for the quarter, compared to the consensus estimate of $461.78 million. During the same quarter in the previous year, the business earned $0.74 earnings per share. e.l.f. Beauty's quarterly revenue was up 37.8% on a year-over-year basis. e.l.f. Beauty has set its FY 2026 guidance at 3.050-3.100 EPS. On average, equities analysts expect that e.l.f. Beauty will post 2.38 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other e.l.f. Beauty news, CEO Tarang Amin sold 52,880 shares of e.l.f. Beauty stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $62.64, for a total transaction of $3,312,403.20. Following the completion of the transaction, the chief executive officer directly owned 98,416 shares of the company's stock, valued at $6,164,778.24. The trade was a 34.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 3.90% of the company's stock.

Institutional Trading of e.l.f. Beauty

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in e.l.f. Beauty by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 5,487,304 shares of the company's stock valued at $417,255,000 after acquiring an additional 140,258 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of e.l.f. Beauty by 47.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,197,319 shares of the company's stock worth $167,086,000 after acquiring an additional 711,540 shares during the period. State Street Corp grew its position in shares of e.l.f. Beauty by 0.8% in the fourth quarter. State Street Corp now owns 1,737,181 shares of the company's stock valued at $132,095,000 after purchasing an additional 13,231 shares during the last quarter. Swedbank AB grew its position in shares of e.l.f. Beauty by 97.0% in the fourth quarter. Swedbank AB now owns 1,364,801 shares of the company's stock valued at $103,779,000 after purchasing an additional 672,071 shares during the last quarter. Finally, Ensign Peak Advisors Inc increased its stake in shares of e.l.f. Beauty by 37.7% during the fourth quarter. Ensign Peak Advisors Inc now owns 1,319,523 shares of the company's stock worth $100,337,000 after purchasing an additional 361,371 shares during the period. Institutional investors own 92.44% of the company's stock.

e.l.f. Beauty Company Profile

e.l.f. Beauty NYSE: ELF is an American cosmetics company known for offering an extensive range of affordable, trend-driven makeup and skincare products. The company's portfolio spans foundations, lipsticks, mascaras, brushes, serums, masks and other beauty essentials, all positioned at accessible price points. e.l.f. Beauty maintains a direct-to-consumer platform through its e-commerce site and engages in widespread retail partnerships with major chains such as Target, Walmart, Ulta Beauty and Amazon.

Founded in 2004 and headquartered in Oakland, California, e.l.f.

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