e.l.f. Beauty (NYSE:ELF) Stock Has Average Price Target of $112.06 According to Brokerages

Key Points

• Analysts maintain a moderately bullish view of e.l.f. Beauty, with 10 buy ratings, two strong-buy ratings, five holds and one sell among 18 firms. The average 12-month price target is $112.06, with several firms recently raising their targets.
• e.l.f. Beauty reported a strong quarter, posting $1.75 in EPS versus $0.71 expected and revenue of $479.37 million, up 35.5% year over year and above the $431.20 million consensus estimate.
• Institutional ownership remains high at 92.44%, supported by new or increased positions from BlackRock, State Street and Bank of America. However, insiders sold 103,994 shares worth approximately $10.7 million over the past 90 days.

Shares of e.l.f. Beauty (NYSE:ELF - Get Free Report) have received a consensus rating of "Moderate Buy" from the eighteen research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $112.06.

A number of analysts recently weighed in on ELF shares. Zacks Research upgraded shares of e.l.f. Beauty from a "hold" rating to a "strong-buy" rating in a research note on Friday, October 9th. Citigroup lifted their price target on shares of e.l.f. Beauty from $118.00 to $130.00 and gave the stock a "buy" rating in a research note on Wednesday, October 14th. Sanford C. Bernstein boosted their price target on shares of e.l.f. Beauty from $121.00 to $127.00 and gave the stock an "outperform" rating in a report on Thursday, September 17th. Weiss Ratings reiterated a "sell (d+)" rating on shares of e.l.f. Beauty in a report on Wednesday. Finally, Canaccord Genuity Group increased their price objective on shares of e.l.f. Beauty from $123.00 to $137.00 and gave the company a "buy" rating in a research report on Thursday, October 22nd.

Insider Buying and Selling at e.l.f. Beauty

In other news, Director Lauren Levitan sold 1,034 shares of the company's stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $93.15, for a total value of $96,317.10. Following the completion of the transaction, the director owned 10,516 shares in the company, valued at approximately $979,565.40. This represents a 8.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Kory Marchisotto sold 12,173 shares of the company's stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $88.02, for a total transaction of $1,071,467.46. Following the completion of the transaction, the insider owned 169,695 shares of the company's stock, valued at approximately $14,936,553.90. The trade was a 6.69% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 103,994 shares of company stock worth $10,695,981. 3.50% of the stock is owned by insiders.

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

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in e.l.f. Beauty during the 2nd quarter worth approximately $428,262,000. State Street Corp boosted its holdings in e.l.f. Beauty by 4.2% in the second quarter. State Street Corp now owns 1,874,997 shares of the company's stock worth $138,647,000 after purchasing an additional 75,842 shares during the period. Primecap Management Co. CA bought a new stake in e.l.f. Beauty during the second quarter valued at $78,202,000. Prime Capital Management Co Ltd bought a new stake in e.l.f. Beauty during the second quarter valued at $44,736,000. Finally, Bank of America Corp DE raised its position in e.l.f. Beauty by 45.9% in the first quarter. Bank of America Corp DE now owns 418,431 shares of the company's stock worth $25,361,000 after acquiring an additional 131,572 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company's stock.

e.l.f. Beauty Price Performance

Shares of ELF stock opened at $111.78 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.55 and a quick ratio of 1.82. The company has a market capitalization of $6.60 billion, a PE ratio of 111.78, a price-to-earnings-growth ratio of 3.00 and a beta of 1.61. The firm's 50-day moving average is $105.55 and its two-hundred day moving average is $81.58. e.l.f. Beauty has a 12 month low of $48.82 and a 12 month high of $124.99.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $1.75 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $1.04. e.l.f. Beauty had a return on equity of 14.07% and a net margin of 3.38%. The company had revenue of $479.37 million for the quarter, compared to the consensus estimate of $431.20 million. During the same quarter in the previous year, the business earned $0.89 earnings per share. The company's revenue for the quarter was up 35.5% on a year-over-year basis. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. Analysts predict that e.l.f. Beauty will post 2.66 earnings per share for the current year.

About e.l.f. Beauty

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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