e.l.f. Beauty - ELF Stock Forecast, Price & News

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for e.l.f. Beauty in the last year. There are currently 4 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ELF shares.
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14 equities research analysts have issued 1-year target prices for e.l.f. Beauty's stock. Their ELF share price forecasts range from $36.00 to $91.00. On average, they expect the company's share price to reach $70.42 in the next twelve months. This suggests that the stock has a possible downside of 10.3%.
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e.l.f. Beauty's stock was trading at $55.30 at the beginning of 2023. Since then, ELF shares have increased by 41.9% and is now trading at $78.48.
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e.l.f. Beauty saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 1,680,000 shares, an increase of 15.9% from the February 13th total of 1,450,000 shares. Based on an average trading volume of 834,800 shares, the days-to-cover ratio is currently 2.0 days. Approximately 3.4% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 24th 2023.
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e.l.f. Beauty, Inc. (NYSE:ELF) issued its earnings results on Wednesday, February, 1st. The company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.21. The company had revenue of $146.54 million for the quarter, compared to the consensus estimate of $121.82 million. e.l.f. Beauty had a trailing twelve-month return on equity of 15.00% and a net margin of 9.43%.

ETFs with the largest weight of e.l.f. Beauty (NYSE:ELF) stock in their portfolio include Invesco S&P SmallCap Consumer Staples ETF (PSCC), Invesco DWA Consumer Staples Momentum ETF (PSL), VegTech Plant-based Innovation & Climate ETF (EATV), Invesco S&P SmallCap Momentum ETF (XSMO), Alpha Architect U.S. Quantitative Momentum ETF (QMOM), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), First Trust Active Factor Small Cap ETF (AFSM) and AdvisorShares Alpha DNA Equity Sentiment ETF (SENT).

e.l.f. Beauty issued an update on its FY23 earnings guidance on Wednesday, February, 1st. The company provided earnings per share (EPS) guidance of $1.37-1.40 for the period, compared to the consensus earnings per share estimate of $1.13. The company issued revenue guidance of $541-545 million, compared to the consensus revenue estimate of $490.35 million.

54 employees have rated e.l.f. Beauty Chief Executive Officer Tarang Amin on Glassdoor.com. Tarang Amin has an approval rating of 96% among the company's employees. This puts Tarang Amin in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other e.l.f. Beauty investors own include Advanced Micro Devices (AMD), NVIDIA (NVDA), Alibaba Group (BABA), NIKE (NKE), Tesla (TSLA), AbbVie (ABBV), Micron Technology (MU), Walt Disney (DIS), General Electric (GE) and Starbucks (SBUX).

(ELF) raised $124 million in an initial public offering (IPO) on Thursday, September 22nd 2016. The company issued 8,300,000 shares at a price of $14.00-$16.00 per share. J.P. Morgan and Morgan Stanley acted as the underwriters for the IPO and Piper Jaffray, Wells Fargo Securities, William Blair, Cowen and Company, BMO Capital Markets, Stifel and SunTrust Robinson Humphrey were co-managers.

e.l.f. Beauty trades on the New York Stock Exchange (NYSE) under the ticker symbol "ELF."

e.l.f. Beauty's stock is owned by a number of institutional and retail investors. Top institutional investors include Driehaus Capital Management LLC (2.48%), Dimensional Fund Advisors LP (2.22%), Renaissance Technologies LLC (2.20%), Marshall Wace LLP (2.11%), Jennison Associates LLC (2.00%) and Morgan Stanley (1.91%). Insiders that own company stock include Beth M Pritchard, Joshua Allen Franks, Kory Marchisotto, Lauren Cooks Levitan, Mandy J Fields, Mandy J Fields, Maureen C Watson, Maureen C Watson, Mubadala Investment Co Pjsc, Richard F Baruch Jr, Richard F Baruch, Jr, Sabrina Simmons, Scott Milsten and Tarang Amin.
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Shares of ELF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ELF stock can currently be purchased for approximately $78.48.

e.l.f. Beauty (NYSE:ELF) has a market capitalization of $4.18 billion and generates $392.15 million in revenue each year. The company earns $21.77 million in net income (profit) each year or $0.85 on an earnings per share basis.

The company employs 267 workers across the globe.

e.l.f. Beauty's mailing address is 570 10TH STREET, OAKLAND CA, 94607. The official website for the company is www.elfcosmetics.com. The company can be reached via phone at (510) 778-7787 or via email at kkatten@elfbeauty.com.