e.l.f. Beauty (NYSE:ELF) Hits New 1-Year High After Earnings Beat

Key Points

• e.l.f. Beauty beat quarterly expectations: EPS was $1.21 versus the $0.60 consensus, while revenue reached $520.8 million, up 51.4% year over year and above estimates.
• Management raised its fiscal 2027 net-sales growth outlook to 22%–24%; the quarter marked the company’s 31st consecutive period of sales growth.
• Shares reached a new 52-week high after the results. Analysts’ consensus rating is “Moderate Buy,” with a $113 average price target.

e.l.f. Beauty (NYSE:ELF - Get Free Report) reached a new 52-week high during mid-day trading on Thursday after the company announced better than expected quarterly earnings. The company traded as high as $123.13 and last traded at $110.5770, with a volume of 267,987 shares trading hands. The stock had previously closed at $113.63.

The company reported $1.21 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.61. e.l.f. Beauty had a net margin of 3.38% and a return on equity of 14.07%. The business had revenue of $520.82 million for the quarter, compared to the consensus estimate of $473.51 million. During the same period in the previous year, the firm earned $0.68 EPS. The business's revenue for the quarter was up 51.4% on a year-over-year basis.

e.l.f. Beauty News Roundup

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

• Positive Sentiment: Fiscal Q2 earnings were $1.21 per share, well above analyst expectations of about $0.60, while revenue of $520.8 million topped estimates of roughly $473.5 million and climbed 51.4% year over year. Article: E.l.f. Beauty posts 51% sales increase, raises full-year guidance
• Positive Sentiment: Management raised its fiscal 2027 net-sales growth outlook to 22%–24%. The quarter marked the company’s 31st consecutive period of net-sales growth, with management citing strength across its portfolio—signs of sustained demand that may support investor confidence. Article: e.l.f. Beauty Announces Second Quarter Fiscal 2027 Results

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on e.l.f. Beauty from $106.00 to $130.00 and gave the stock an "overweight" rating in a research note on Monday, October 19th. Citigroup boosted their target price on e.l.f. Beauty from $118.00 to $130.00 and gave the stock a "buy" rating in a research report on Wednesday, October 14th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $105.00 target price on shares of e.l.f. Beauty in a report on Wednesday, October 21st. Wall Street Zen upgraded e.l.f. Beauty from a "hold" rating to a "buy" rating in a research report on Saturday, October 31st. Finally, Raymond James Financial restated a "strong-buy" rating and set a $132.00 price objective on shares of e.l.f. Beauty in a report on Thursday. Three research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $113.00.

Insiders Place Their Bets

In other e.l.f. Beauty news, Director Lauren Levitan sold 1,034 shares of the firm's stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $93.15, for a total transaction of $96,317.10. Following the completion of the sale, the director directly owned 10,516 shares in the company, valued at approximately $979,565.40. This trade represents a 8.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Mandy J. Fields sold 16,065 shares of the business's stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $104.52, for a total transaction of $1,679,113.80. Following the transaction, the insider owned 90,896 shares in the company, valued at approximately $9,500,449.92. This represents a 15.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 91,821 shares of company stock worth $9,624,513 over the last three months. Company insiders own 3.50% of the company's stock.

Institutional Trading of e.l.f. Beauty

Hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in e.l.f. Beauty in the 2nd quarter valued at $428,262,000. State Street Corp grew its position in e.l.f. Beauty by 4.2% in the 2nd 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 last quarter. Primecap Management Co. CA acquired a new position in shares of e.l.f. Beauty during the second quarter valued at about $78,202,000. Prime Capital Management Co Ltd acquired a new position in shares of e.l.f. Beauty during the second quarter valued at about $44,736,000. Finally, Congress Asset Management Co. lifted its stake in shares of e.l.f. Beauty by 5.7% in the third quarter. Congress Asset Management Co. now owns 299,742 shares of the company's stock valued at $30,265,000 after buying an additional 16,055 shares during the period. Institutional investors own 92.44% of the company's stock.

e.l.f. Beauty Trading Up 0.6%

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's 50 day moving average is $106.01 and its two-hundred day moving average is $81.94. The firm has a market cap of $6.75 billion, a P/E ratio of 113.89, a PEG ratio of 2.93 and a beta of 1.61.

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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