e.l.f. Beauty (NYSE:ELF) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on e.l.f. Beauty, with 10 buy, two strong-buy, five hold and one sell rating. The average 12-month price target is $90.81.
• e.l.f. Beauty reported strong quarterly results, delivering $1.75 in EPS versus the $0.71 consensus and revenue of $479.37 million, up 35.5% year over year.
• Shares opened at $91.57, while insiders have sold 134,028 shares worth approximately $9.4 million over the past three months; institutional investors own 92.44% of the stock.

Shares of e.l.f. Beauty (NYSE:ELF - Get Free Report) have received a consensus rating of "Moderate Buy" from the eighteen analysts that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $90.8125.

A number of brokerages have issued reports on ELF. Sanford C. Bernstein increased their target price on shares of e.l.f. Beauty from $113.00 to $121.00 and gave the stock an "outperform" rating in a research report on Thursday, August 6th. Jefferies Financial Group lifted their price objective on shares of e.l.f. Beauty from $72.00 to $100.00 and gave the company a "buy" rating in a research note on Tuesday, July 28th. B. Riley Financial boosted their price target on e.l.f. Beauty from $70.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Morgan Stanley dropped their target price on shares of e.l.f. Beauty from $67.00 to $59.00 and set an "equal weight" rating for the company in a report on Thursday, May 21st. Finally, Raymond James Financial upped their price target on shares of e.l.f. Beauty from $85.00 to $87.00 and gave the stock a "strong-buy" rating in a report on Tuesday, July 14th.

e.l.f. Beauty Stock Up 0.1%

ELF stock opened at $91.57 on Monday. The company has a current ratio of 2.55, a quick ratio of 1.82 and a debt-to-equity ratio of 0.69. The business's 50 day simple moving average is $75.54 and its 200 day simple moving average is $71.68. e.l.f. Beauty has a 1-year low of $48.82 and a 1-year high of $150.99. The firm has a market capitalization of $5.40 billion, a PE ratio of 91.57, a PEG ratio of 2.88 and a beta of 1.58.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last announced its quarterly 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. The business had revenue of $479.37 million for the quarter, compared to analyst estimates of $431.20 million. e.l.f. Beauty had a net margin of 3.38% and a return on equity of 14.07%. e.l.f. Beauty's quarterly revenue was up 35.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.89 EPS. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. As a group, research analysts anticipate that e.l.f. Beauty will post 2.61 EPS for the current year.

Insider Transactions at e.l.f. Beauty

In related news, insider Jennifer Catherine Hartnett sold 25,357 shares of e.l.f. Beauty stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $80.00, for a total value of $2,028,560.00. Following the transaction, the insider directly owned 28,699 shares of the company's stock, valued at $2,295,920. The trade was a 46.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 sale, the insider directly owned 169,695 shares in the company, valued at approximately $14,936,553.90. This represents a 6.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 134,028 shares of company stock worth $9,422,961. 3.50% of the stock is currently owned by insiders.

Institutional Trading of e.l.f. Beauty

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in e.l.f. Beauty in the fourth quarter valued at approximately $26,000. Hilton Head Capital Partners LLC bought a new position in shares of e.l.f. Beauty in the 4th quarter worth $32,000. EverSource Wealth Advisors LLC lifted its holdings in shares of e.l.f. Beauty by 97.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company's stock worth $32,000 after purchasing an additional 128 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position 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 purchasing an additional 117 shares during the period. Finally, State of Wyoming acquired a new stake in e.l.f. Beauty in the 2nd quarter valued at $40,000. 92.44% of the stock is owned by institutional investors.

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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