TD Cowen Issues Pessimistic Forecast for e.l.f. Beauty (NYSE:ELF) Stock Price

Key Points

• TD Cowen cut its price objective on e.l.f. Beauty from $110 to $100 but kept a "buy" rating, with the new target implying roughly a 33.9% upside from the prior close.
• Shares traded down about 9.0% to $74.67 even after a strong quarter—EPS $1.24 vs. $0.72 estimate and revenue $489.5M (up 37.8%)—and management set FY2026 guidance of $3.05–$3.10 EPS.
• Analysts maintain a "Moderate Buy" consensus with an average target of $119.13, and institutional investors own roughly 92% of the stock.

e.l.f. Beauty (NYSE:ELF - Get Free Report) had its price objective decreased by TD Cowen from $110.00 to $100.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. TD Cowen's target price indicates a potential upside of 33.93% from the stock's previous close.

Other analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. boosted their target price on shares of e.l.f. Beauty from $103.00 to $105.00 and gave the stock an "overweight" rating in a research note on Thursday. Zacks Research raised e.l.f. Beauty from a "strong sell" rating to a "hold" rating in a report on Monday, January 5th. Canaccord Genuity Group lowered their target price on e.l.f. Beauty from $165.00 to $136.00 and set a "buy" rating for the company in a report on Thursday, November 6th. Morgan Stanley set a $121.00 target price on e.l.f. Beauty in a research report on Thursday, November 6th. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $92.00 price target on shares of e.l.f. Beauty in a report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, e.l.f. Beauty currently has an average rating of "Moderate Buy" and a consensus target price of $119.13.

e.l.f. Beauty Trading Down 9.0%

NYSE:ELF traded down $7.42 during trading hours on Monday, hitting $74.67. The stock had a trading volume of 1,846,199 shares, compared to its average volume of 2,097,324. The business's 50 day moving average is $82.29 and its 200-day moving average is $105.07. The company has a market cap of $4.41 billion, a price-to-earnings ratio of 42.18, a P/E/G ratio of 7.21 and a beta of 1.71. e.l.f. Beauty has a one year low of $49.40 and a one year high of $150.99. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.89 and a current ratio of 2.76.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last announced its earnings results on Wednesday, February 4th. The company reported $1.24 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.52. The firm had revenue of $489.51 million during the quarter, compared to analyst estimates of $461.78 million. e.l.f. Beauty had a net margin of 6.84% and a return on equity of 15.08%. The company's revenue for the quarter was up 37.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.74 EPS. e.l.f. Beauty has set its FY 2026 guidance at 3.050-3.100 EPS. Sell-side analysts anticipate that e.l.f. Beauty will post 2.38 EPS for the current fiscal year.

Institutional Trading of e.l.f. Beauty

Institutional investors and hedge funds have recently modified their holdings of the stock. Royal Bank of Canada raised its stake in shares of 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 buying an additional 13,851 shares during the period. Integrated Wealth Concepts LLC boosted its position in shares of e.l.f. Beauty by 168.6% in the first quarter. Integrated Wealth Concepts LLC now owns 6,483 shares of the company's stock valued at $407,000 after acquiring an additional 4,069 shares during the period. NewEdge Advisors LLC grew its stake in e.l.f. Beauty by 176.4% during the first quarter. NewEdge Advisors LLC now owns 4,677 shares of the company's stock valued at $294,000 after acquiring an additional 2,985 shares in the last quarter. United Services Automobile Association bought a new stake in e.l.f. Beauty during the 1st quarter worth approximately $240,000. Finally, Truist Financial Corp lifted its stake in e.l.f. Beauty by 49.5% in the 2nd quarter. Truist Financial Corp now owns 7,405 shares of the company's stock worth $921,000 after purchasing an additional 2,452 shares in the last quarter. 92.44% of the stock is owned by hedge funds and other 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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