e.l.f. Beauty (NYSE:ELF) Price Target Raised to $89.00

Key Points

• UBS raised e.l.f. Beauty’s price target to $89 from $80 but maintained a “neutral” rating, implying about 3.3% downside from the prior close. Analysts’ overall consensus remains “Moderate Buy,” with an average target of $88.19.
• e.l.f. Beauty reported a strong quarter, with revenue up 35.5% year over year to $479.4 million and EPS of $1.75, substantially exceeding consensus estimates. Management also raised its fiscal 2027 sales-growth outlook to 18%-20% and set EPS guidance at $3.50-$3.55.
• Shares rose to $92.04, though investors face risks from the stock’s elevated valuation, acquisition-related debt, reliance on approximately $50 million in tariff refunds that boosted margins, and continued insider selling.

e.l.f. Beauty (NYSE:ELF - Get Free Report) had its price target raised by stock analysts at UBS Group from $80.00 to $89.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a "neutral" rating on the stock. UBS Group's target price points to a potential downside of 3.31% from the stock's previous close.

Several other research firms also recently weighed in on ELF. Bank of America reduced their price target on shares of e.l.f. Beauty from $93.00 to $85.00 and set a "buy" rating for the company in a research report on Thursday, May 21st. Robert W. Baird set a $105.00 price target on e.l.f. Beauty in a research note on Thursday. JPMorgan Chase & Co. boosted their price target on e.l.f. Beauty from $80.00 to $94.00 and gave the stock an "overweight" rating in a research report on Thursday, July 16th. Sanford C. Bernstein raised their price objective on e.l.f. Beauty from $113.00 to $121.00 and gave the company an "outperform" rating in a report on Thursday. Finally, TD Cowen reaffirmed a "buy" rating and set a $85.00 target price (up from $65.00) on shares of e.l.f. Beauty in a report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $88.19.

e.l.f. Beauty Price Performance

Shares of e.l.f. Beauty stock traded up $5.67 on Thursday, reaching $92.04. The company's stock had a trading volume of 4,382,966 shares, compared to its average volume of 2,858,353. The company has a quick ratio of 1.69, a current ratio of 2.35 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $5.43 billion, a P/E ratio of 200.28, a PEG ratio of 3.42 and a beta of 1.58. The stock has a 50-day moving average price of $69.81 and a 200-day moving average price of $71.54. e.l.f. Beauty has a 52-week low of $48.82 and a 52-week high of $150.99.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $1.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.71 by $1.04. The firm had revenue of $479.37 million for the quarter, compared to analysts' expectations of $431.20 million. e.l.f. Beauty had a net margin of 1.61% and a return on equity of 11.02%. The firm's revenue for the quarter was up 35.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.89 EPS. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. Analysts expect that e.l.f. Beauty will post 2.42 EPS for the current year.

Insider Activity

In other e.l.f. Beauty news, CEO Tarang Amin sold 50,164 shares of e.l.f. Beauty stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $78.24, for a total transaction of $3,924,831.36. Following the transaction, the chief executive officer directly owned 110,496 shares of the company's stock, valued at $8,645,207.04. The trade was a 31.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Scott Milsten sold 4,162 shares of the business's stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $51.53, for a total transaction of $214,467.86. Following the completion of the transaction, the insider owned 144,581 shares in the company, valued at $7,450,258.93. The trade was a 2.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 121,855 shares of company stock valued at $8,351,493 in the last quarter. Insiders own 3.50% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada raised its position in e.l.f. Beauty by 9.9% in the first quarter. Royal Bank of Canada now owns 153,682 shares of the company's stock valued at $9,650,000 after purchasing an additional 13,851 shares during the period. Integrated Wealth Concepts LLC grew its holdings in shares of e.l.f. Beauty by 168.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 6,483 shares of the company's stock worth $407,000 after purchasing an additional 4,069 shares during the period. NewEdge Advisors LLC increased its position in shares of e.l.f. Beauty by 176.4% during the 1st quarter. NewEdge Advisors LLC now owns 4,677 shares of the company's stock worth $294,000 after purchasing an additional 2,985 shares during the last quarter. United Services Automobile Association acquired a new stake in shares of e.l.f. Beauty during the 1st quarter worth about $240,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in e.l.f. Beauty by 58.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company's stock valued at $39,000 after buying an additional 117 shares during the period. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting e.l.f. Beauty

Here are the key news stories impacting e.l.f. Beauty this week:

• Positive Sentiment: Strong quarterly beat: First-quarter revenue increased 35.5% year over year to $479.4 million, exceeding the $431.2 million consensus estimate. Adjusted earnings of $1.75 per share were well above the $0.71 forecast and rose from $0.89 a year earlier. e.l.f. Beauty Surpasses Q1 Earnings and Revenue Estimates
• Positive Sentiment: Raised growth outlook: Management now expects fiscal 2027 net sales growth of 18% to 20%, up from 12% to 14% previously, implying revenue of roughly $1.9 billion to $2.0 billion. EPS guidance was set at $3.50 to $3.55, above the approximately $3.12 analyst consensus. e.l.f. Beauty Fiscal 2027 Outlook
• Positive Sentiment: Rhode and global operations are driving momentum: The acquired Rhode brand generated approximately $160 million in sales, while international revenue jumped 61%. Management said Rhode, improving organic trends and global expansion contributed materially to first-quarter growth. e.l.f. Beauty Q1 Earnings Beat
• Positive Sentiment: Analyst support: B. Riley raised its price target to $100 from $70 and maintained a “buy” rating, reinforcing the bullish reaction to the raised forecast. B. Riley Price Target Report
• Neutral Sentiment: Profit quality remains under scrutiny: About $50 million of tariff refunds contributed to the quarter, including roughly 1,050 basis points of gross-margin improvement. Because the benefit is largely nonrecurring, investors are evaluating whether underlying profitability can support the higher guidance. e.l.f. Beauty Tariff Refunds
• Negative Sentiment: Key risks: The stock’s elevated valuation, debt following the Rhode acquisition, questions about the recovery of the core e.l.f. brand and continued insider selling could limit further upside despite the stronger outlook.

About e.l.f. Beauty

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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