e.l.f. Beauty (NYSE:ELF) Trading Up 9% – Here’s Why

Shares of e.l.f. Beauty (NYSE:ELF) were up 9% during mid-day trading on Wednesday . The company traded as high as $81.90 and last traded at $80.85. Approximately 926,103 shares changed hands during trading, a decline of 63% from the average daily volume of 2,522,613 shares. The stock had previously closed at $74.20.

Wall Street Analyst Weigh In

A number of analysts have commented on ELF shares. JPMorgan Chase & Co. decreased their price objective on e.l.f. Beauty from $168.00 to $137.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Morgan Stanley set a $121.00 target price on e.l.f. Beauty in a research report on Thursday, November 6th. Cowen reissued a “buy” rating on shares of e.l.f. Beauty in a research report on Wednesday, November 12th. Weiss Ratings restated a “hold (c)” rating on shares of e.l.f. Beauty in a research note on Wednesday, October 8th. Finally, The Goldman Sachs Group reduced their target price on shares of e.l.f. Beauty from $155.00 to $135.00 and set a “buy” rating for the company in a research note on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $126.80.

e.l.f. Beauty Stock Performance

The firm has a market cap of $4.86 billion, a PE ratio of 57.37, a PEG ratio of 6.94 and a beta of 1.75. The company has a quick ratio of 1.76, a current ratio of 2.70 and a debt-to-equity ratio of 0.73. The company has a 50-day simple moving average of $107.09 and a two-hundred day simple moving average of $115.05.

e.l.f. Beauty (NYSE:ELF) last announced 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 firm had revenue of $343.94 million during the quarter, compared to analyst estimates of $367.89 million. e.l.f. Beauty had a return on equity of 13.77% and a net margin of 5.90%.The business’s revenue was up 14.2% compared to the same quarter last year. During the same period last year, the firm posted $0.77 EPS. e.l.f. Beauty has set its FY 2026 guidance at 2.800-2.850 EPS. As a group, equities research analysts forecast that e.l.f. Beauty will post 2.38 earnings per share for the current year.

Insider Transactions at e.l.f. Beauty

In related news, SVP Joshua Allen Franks sold 7,913 shares of the company’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $145.00, for a total value of $1,147,385.00. Following the transaction, the senior vice president owned 99,369 shares in the company, valued at approximately $14,408,505. This represents a 7.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mandy J. Fields sold 55,692 shares of the stock in a transaction on Monday, September 8th. The shares were sold at an average price of $136.28, for a total value of $7,589,705.76. Following the transaction, the insider directly owned 64,154 shares of the company’s stock, valued at approximately $8,742,907.12. This trade represents a 46.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 296,430 shares of company stock valued at $40,444,041. Corporate insiders own 3.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its holdings in e.l.f. Beauty by 97.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company’s stock worth $32,000 after acquiring an additional 128 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in e.l.f. Beauty by 58.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company’s stock worth $39,000 after purchasing an additional 117 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of e.l.f. Beauty by 577.7% in the first quarter. Smartleaf Asset Management LLC now owns 759 shares of the company’s stock worth $49,000 after purchasing an additional 647 shares in the last quarter. MAI Capital Management raised its position in shares of e.l.f. Beauty by 129.1% in the second quarter. MAI Capital Management now owns 394 shares of the company’s stock valued at $49,000 after purchasing an additional 222 shares during the period. Finally, Elevation Point Wealth Partners LLC purchased a new stake in shares of e.l.f. Beauty during the 2nd quarter valued at approximately $49,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

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.