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

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for e.l.f. Beauty in the last twelve months. There are currently 4 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ELF shares.
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13 brokerages have issued 12-month price targets for e.l.f. Beauty's shares. Their ELF share price forecasts range from $36.00 to $114.00. On average, they expect the company's share price to reach $87.50 in the next year. This suggests that the stock has a possible downside of 17.0%.
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e.l.f. Beauty's stock was trading at $55.30 at the start of the year. Since then, ELF shares have increased by 90.5% and is now trading at $105.37.
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e.l.f. Beauty saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 1,720,000 shares, a drop of 13.6% from the April 30th total of 1,990,000 shares. Based on an average trading volume of 905,000 shares, the short-interest ratio is currently 1.9 days. Currently, 3.4% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
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e.l.f. Beauty, Inc. (NYSE:ELF) announced its quarterly earnings data on Tuesday, November, 2nd. The company reported $0.21 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.15. The business had revenue of $91.86 million for the quarter, compared to analyst estimates of $84.36 million. e.l.f. Beauty had a net margin of 10.63% and a trailing twelve-month return on equity of 18.00%. During the same quarter in the prior year, the firm earned $0.08 EPS.

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 DWA Consumer Staples Momentum ETF (PSL), Aztlan Global Stock Selection DM SMID ETF (AZTD), Northern Lights Fund Trust IV - Long Cramer Tracker ETF (LJIM), Invesco S&P SmallCap Momentum ETF (XSMO), Alpha Architect U.S. Quantitative Momentum ETF (QMOM) and First Trust Active Factor Small Cap ETF (AFSM).

e.l.f. Beauty updated its FY 2024 earnings guidance on Friday, May, 26th. The company provided earnings per share guidance of $1.73-$1.76 for the period, compared to the consensus EPS estimate of $1.64. The company issued revenue guidance of $705.00 million-$720.00 million, compared to the consensus revenue estimate of $637.73 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 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 served 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 BlackRock Inc. (15.41%), State Street Corp (3.17%), Assenagon Asset Management S.A. (2.91%), Renaissance Technologies LLC (2.70%), Dimensional Fund Advisors LP (2.22%) and Geode Capital Management LLC (1.86%). 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 $105.37.

e.l.f. Beauty (NYSE:ELF) has a market capitalization of $5.68 billion and generates $578.84 million in revenue each year. The company earns $61.53 million in net income (profit) each year or $1.11 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.