e.l.f. Beauty (NYSE:ELF) Stock Price Up 4.5% - Time to Buy?

Key Points

• e.l.f. Beauty shares rose 4.5% to $108.83, although trading volume was 89% below the average session level.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating from MarketBeat; the average price target is $92.12, below the current share price, while individual targets range as high as $110.
• The company delivered strong quarterly results, reporting $1.75 in EPS versus the $0.71 consensus and revenue of $479.37 million, up 35.5% year over year. However, insiders sold 140,780 shares worth about $10.1 million during the latest quarter.

e.l.f. Beauty (NYSE:ELF - Get Free Report) shares traded up 4.5% on Monday . The stock traded as high as $108.33 and last traded at $108.8250. 309,630 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 2,759,291 shares. The stock had previously closed at $104.10.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Robert W. Baird set a $105.00 price target on shares of e.l.f. Beauty in a research note on Thursday, August 6th. Weiss Ratings raised shares of e.l.f. Beauty from a "sell (d)" rating to a "sell (d+)" rating in a research report on Thursday, July 30th. TD Cowen raised their price objective on shares of e.l.f. Beauty from $85.00 to $110.00 and gave the stock a "buy" rating in a research note on Monday, August 10th. Zacks Research upgraded e.l.f. Beauty from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 12th. Finally, Morgan Stanley cut their target price on e.l.f. Beauty from $67.00 to $59.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $92.12.

e.l.f. Beauty Price Performance

The stock has a market capitalization of $6.42 billion, a PE ratio of 108.84, a price-to-earnings-growth ratio of 3.24 and a beta of 1.58. The company has a quick ratio of 1.82, a current ratio of 2.55 and a debt-to-equity ratio of 0.69. The stock's 50 day moving average price is $83.63 and its 200-day moving average price is $72.98.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.75 EPS for the quarter, topping the consensus estimate of $0.71 by $1.04. The company had revenue of $479.37 million for the quarter, compared to the consensus estimate of $431.20 million. e.l.f. Beauty had a net margin of 3.38% and a return on equity of 14.07%. The firm's revenue was up 35.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.89 EPS. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. As a group, equities analysts forecast that e.l.f. Beauty will post 2.64 EPS for the current year.

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

In other news, SVP Joshua Allen Franks sold 6,854 shares of e.l.f. Beauty stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $51.94, for a total transaction of $355,996.76. Following the completion of the sale, the senior vice president owned 153,532 shares of the company's stock, valued at approximately $7,974,452.08. The trade was a 4.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Mandy J. Fields sold 8,464 shares of the business's stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $51.94, for a total value of $439,620.16. Following the completion of the sale, the insider owned 111,288 shares of the company's stock, valued at $5,780,298.72. The trade was a 7.07% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 140,780 shares of company stock valued at $10,091,078. 3.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On e.l.f. Beauty

Hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its stake in shares of e.l.f. Beauty by 97.0% during the second quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company's stock valued at $32,000 after buying an additional 128 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in e.l.f. Beauty by 58.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company's stock worth $39,000 after acquiring an additional 117 shares during the period. Hilton Head Capital Partners LLC bought a new position in e.l.f. Beauty during the 4th quarter worth about $32,000. Continuum Advisory LLC bought a new position in e.l.f. Beauty during the 2nd quarter worth about $31,000. Finally, Johnson Financial Group Inc. purchased a new position in e.l.f. Beauty during the 3rd quarter valued at about $64,000. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

e.l.f. Beauty Company Profile

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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