William Blair Comments on e.l.f. Beauty Q2 Earnings

e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) - Analysts at William Blair issued their Q2 2026 earnings per share estimates for e.l.f. Beauty in a research note issued to investors on Thursday, May 29th. William Blair analyst J. Andersen anticipates that the company will post earnings of $0.45 per share for the quarter. The consensus estimate for e.l.f. Beauty's current full-year earnings is $2.38 per share. William Blair also issued estimates for e.l.f. Beauty's Q3 2026 earnings at $0.73 EPS and Q4 2026 earnings at $0.77 EPS.

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

A number of other analysts have also weighed in on ELF. Robert W. Baird increased their price objective on e.l.f. Beauty from $85.00 to $100.00 and gave the company an "outperform" rating in a research note on Wednesday, May 14th. The Goldman Sachs Group cut their price target on shares of e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Bank of America lifted their price target on shares of e.l.f. Beauty from $80.00 to $95.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. B. Riley reiterated a "buy" rating and issued a $90.00 price target (down previously from $150.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Finally, Morgan Stanley lifted their price target on shares of e.l.f. Beauty from $70.00 to $105.00 and gave the company an "equal weight" rating in a report on Thursday, May 29th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $117.76.

e.l.f. Beauty Trading Down 1.3%

Shares of NYSE:ELF traded down $1.50 during trading on Monday, reaching $115.74. 2,231,373 shares of the company traded hands, compared to its average volume of 2,516,428. The firm has a market capitalization of $6.53 billion, a price-to-earnings ratio of 68.49, a P/E/G 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 company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. The business's fifty day moving average is $70.24 and its 200-day moving average is $91.72.

Hedge Funds Weigh In On e.l.f. Beauty

Several large investors have recently modified their holdings of ELF. Baillie Gifford & Co. raised its position in e.l.f. Beauty by 51.0% in the 4th quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company's stock worth $1,005,584,000 after buying an additional 2,703,742 shares during the last quarter. Champlain Investment Partners LLC raised its position in e.l.f. Beauty by 99.7% in the 4th quarter. Champlain Investment Partners LLC now owns 2,226,451 shares of the company's stock worth $279,531,000 after buying an additional 1,111,550 shares during the last quarter. William Blair Investment Management LLC raised its position in e.l.f. Beauty by 40.9% in the 4th quarter. William Blair Investment Management LLC now owns 2,305,349 shares of the company's stock worth $289,437,000 after buying an additional 669,321 shares during the last quarter. Aspex Management HK Ltd purchased a new position in e.l.f. Beauty in the 4th quarter worth about $73,576,000. Finally, Raymond James Financial Inc. purchased a new position in e.l.f. Beauty in the 4th quarter worth about $68,775,000. Hedge funds and other institutional investors own 92.44% of the company's stock.

Insider Activity

In other news, Director Maureen C. Watson sold 4,000 shares of e.l.f. Beauty stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $67.39, for a total value of $269,560.00. Following the completion of the transaction, the director now owns 1,888 shares of the company's stock, valued at $127,232.32. The trade was a 67.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lauren Cooks Levitan sold 4,670 shares of e.l.f. Beauty stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $115.94, for a total value of $541,439.80. Following the completion of the transaction, the director now directly owns 12,697 shares of the company's stock, valued at approximately $1,472,090.18. This represents a 26.89% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 313,375 shares of company stock worth $23,439,707. Corporate insiders own 3.50% 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.