e.l.f. Beauty (NYSE:ELF) Price Target Lowered to $137.00 at JPMorgan Chase & Co.

e.l.f. Beauty (NYSE:ELF) had its price objective cut by JPMorgan Chase & Co. from $168.00 to $137.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other research analysts also recently weighed in on the company. Bank of America boosted their target price on e.l.f. Beauty from $135.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, September 17th. Morgan Stanley set a $121.00 price target on e.l.f. Beauty in a research report on Thursday. UBS Group cut their target price on shares of e.l.f. Beauty from $150.00 to $105.00 and set a “neutral” rating for the company in a research note on Thursday. Canaccord Genuity Group reduced their target price on shares of e.l.f. Beauty from $165.00 to $136.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Raymond James Financial lifted their price objective on e.l.f. Beauty from $155.00 to $165.00 and gave the stock a “strong-buy” rating in a research report on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, e.l.f. Beauty currently has an average rating of “Moderate Buy” and a consensus target price of $126.80.

e.l.f. Beauty Trading Down 3.8%

Shares of NYSE:ELF traded down $2.92 during trading on Thursday, reaching $73.62. 8,296,261 shares of the company were exchanged, compared to its average volume of 2,532,348. The business’s fifty day simple moving average is $130.44 and its 200-day simple moving average is $114.05. The firm has a market capitalization of $4.37 billion, a PE ratio of 51.85, a P/E/G ratio of 2.74 and a beta of 1.61. e.l.f. Beauty has a 12-month low of $49.40 and a 12-month high of $150.99. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.26 and a quick ratio of 2.34.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Wednesday, November 5th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.11. e.l.f. Beauty had a return on equity of 15.37% and a net margin of 5.90%.The business had revenue of $343.94 million during the quarter, compared to analysts’ expectations of $367.89 million. During the same period in the prior year, the business earned $0.77 EPS. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. e.l.f. Beauty has set its FY 2026 guidance at 2.800-2.850 EPS. On average, research analysts anticipate that e.l.f. Beauty will post 2.38 EPS for the current year.

Insider Activity at e.l.f. Beauty

In related news, CEO Tarang Amin sold 116,315 shares of the stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $132.24, for a total transaction of $15,381,495.60. Following the completion of the sale, the chief executive officer owned 81,818 shares in the company, valued at $10,819,612.32. This represents a 58.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kory Marchisotto sold 13,515 shares of the business’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $140.10, for a total value of $1,893,451.50. Following the completion of the transaction, the insider owned 144,788 shares in the company, valued at $20,284,798.80. This trade represents a 8.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 301,060 shares of company stock valued at $40,994,733 over the last 90 days. 3.90% of the stock is owned by insiders.

Institutional Investors Weigh In On e.l.f. Beauty

Several hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC boosted its holdings in shares of e.l.f. Beauty by 97.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company’s stock valued at $32,000 after purchasing an additional 128 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of e.l.f. Beauty by 58.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company’s stock valued at $39,000 after buying an additional 117 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its position in shares of e.l.f. Beauty by 29.3% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 384 shares of the company’s stock worth $52,000 after purchasing an additional 87 shares in the last quarter. MAI Capital Management lifted its holdings in e.l.f. Beauty by 129.1% in the 2nd quarter. MAI Capital Management now owns 394 shares of the company’s stock worth $49,000 after buying an additional 222 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC purchased a new position in e.l.f. Beauty in the second quarter valued at about $49,000. 92.44% of the stock is owned by institutional investors and hedge funds.

About e.l.f. Beauty

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.