e.l.f. Beauty (NYSE:ELF) Price Target Cut to $105.00 by Analysts at UBS Group

e.l.f. Beauty (NYSE:ELF) had its target price reduced by UBS Group from $150.00 to $105.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price target suggests a potential upside of 37.95% from the stock’s current price.

A number of other brokerages also recently issued reports on ELF. B. Riley increased their target price on e.l.f. Beauty from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, September 10th. Bank of America increased their price objective on shares of e.l.f. Beauty from $135.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, September 17th. Cowen reissued a “buy” rating on shares of e.l.f. Beauty in a research report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of e.l.f. Beauty in a research note on Wednesday, October 8th. Finally, Canaccord Genuity Group restated a “buy” rating and set a $165.00 target price on shares of e.l.f. Beauty in a research note on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $134.13.

e.l.f. Beauty Trading Down 35.4%

ELF traded down $41.72 during trading hours on Thursday, reaching $76.12. 13,853,620 shares of the company’s stock traded hands, compared to its average volume of 2,475,616. The company has a quick ratio of 2.34, a current ratio of 3.26 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $4.51 billion, a PE ratio of 44.58, a PEG ratio of 2.75 and a beta of 1.61. The firm has a 50-day moving average price of $132.52 and a 200 day moving average price of $114.17. e.l.f. Beauty has a 52-week low of $49.40 and a 52-week high of $150.99.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Wednesday, November 5th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.11. The company had revenue of $343.94 million for the quarter, compared to analyst estimates of $367.89 million. e.l.f. Beauty had a return on equity of 16.36% and a net margin of 7.29%.The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.77 earnings per share. e.l.f. Beauty has set its FY 2026 guidance at 2.800-2.850 EPS. As a group, sell-side analysts predict that e.l.f. Beauty will post 2.38 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Tarang Amin sold 116,315 shares of e.l.f. Beauty stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $132.24, for a total value of $15,381,495.60. Following the completion of the sale, the chief executive officer owned 81,818 shares in the company, valued at approximately $10,819,612.32. The trade was a 58.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Scott Milsten sold 55,581 shares of the firm’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $134.56, for a total transaction of $7,478,979.36. Following the completion of the transaction, the insider owned 112,406 shares in the company, valued at approximately $15,125,351.36. The trade was a 33.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 301,060 shares of company stock worth $40,994,733. Corporate insiders own 3.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ELF. Aurora Investment Counsel acquired a new stake in shares of e.l.f. Beauty during the first quarter worth $294,000. Caas Capital Management LP boosted its stake in e.l.f. Beauty by 1,466.7% in the 1st quarter. Caas Capital Management LP now owns 4,700 shares of the company’s stock worth $295,000 after purchasing an additional 4,400 shares during the period. EFG Asset Management North America Corp. raised its position in e.l.f. Beauty by 69.6% during the second quarter. EFG Asset Management North America Corp. now owns 35,304 shares of the company’s stock valued at $4,396,000 after buying an additional 14,492 shares during the period. Quantitative Investment Management LLC purchased a new position in e.l.f. Beauty during the 1st quarter valued at about $3,916,000. Finally, American Assets Inc. acquired a new stake in shares of e.l.f. Beauty during the first quarter worth approximately $791,000. 92.44% of the stock is currently owned by institutional investors.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.