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

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for e.l.f. Beauty in the last twelve months. There are currently 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ELF shares.
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11 brokers have issued 1 year target prices for e.l.f. Beauty's stock. Their ELF share price forecasts range from $55.00 to $176.00. On average, they anticipate the company's share price to reach $126.55 in the next twelve months. This suggests a possible upside of 19.3% from the stock's current price.
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e.l.f. Beauty's stock was trading at $55.30 on January 1st, 2023. Since then, ELF shares have increased by 91.8% and is now trading at $106.06.
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e.l.f. Beauty saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 2,260,000 shares, an increase of 12.4% from the August 15th total of 2,010,000 shares. Based on an average daily volume of 1,090,000 shares, the short-interest ratio is currently 2.1 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
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e.l.f. Beauty, Inc. (NYSE:ELF) released its earnings results on Tuesday, August, 1st. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.51. The company had revenue of $216.34 million for the quarter, compared to analysts' expectations of $184.92 million. e.l.f. Beauty had a net margin of 14.87% and a trailing twelve-month return on equity of 26.43%.

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), VegTech Plant-based Innovation & Climate ETF (EATV), Invesco Dorsey Wright Consumer Staples Momentum ETF (PSL), Invesco S&P SmallCap Momentum ETF (XSMO), Innovator IBD 50 ETF (FFTY), Pacer US Small Cap Cash Cows Growth Leaders ETF (CAFG), Alpha Architect U.S. Quantitative Momentum ETF (QMOM) and WisdomTree U.S. Growth & Momentum Fund (WGRO).

e.l.f. Beauty updated its FY 2024 earnings guidance on Tuesday, August, 1st. The company provided earnings per share guidance of $2.19-$2.22 for the period, compared to the consensus earnings per share estimate of $1.83. The company issued revenue guidance of $792.00 million-$802.00 million, compared to the consensus revenue estimate of $728.82 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 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 variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (15.14%), Renaissance Technologies LLC (3.54%), State Street Corp (3.19%), Dimensional Fund Advisors LP (2.08%), Geode Capital Management LLC (1.96%) and William Blair Investment Management LLC (1.65%). 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 G Wolford, Sabrina Simmons, Scott Milsten, Tarang Amin and Tiffany F Daniele.
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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 $106.06.

e.l.f. Beauty (NYSE:ELF) has a market capitalization of $5.78 billion and generates $578.84 million in revenue each year. The company earns $61.53 million in net income (profit) each year or $1.77 on an earnings per share basis.

The company employs 339 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.