e.l.f. Beauty (NYSE:ELF) Trading Down 8.7% – Here’s What Happened

e.l.f. Beauty (NYSE:ELF)’s stock price dropped 8.7% during trading on Friday . The stock traded as low as $61.18 and last traded at $61.0820. Approximately 1,800,668 shares traded hands during trading, a decline of 18% from the average daily volume of 2,184,729 shares. The stock had previously closed at $66.88.

Analyst Ratings Changes

A number of research firms recently weighed in on ELF. Zacks Research upgraded e.l.f. Beauty from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. TD Cowen reduced their price objective on e.l.f. Beauty from $110.00 to $100.00 and set a “buy” rating for the company in a report on Monday, February 9th. Citigroup upped their target price on e.l.f. Beauty from $110.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Jefferies Financial Group assumed coverage on e.l.f. Beauty in a research report on Wednesday, January 14th. They issued a “buy” rating and a $110.00 price target for the company. Finally, Piper Sandler cut their price target on e.l.f. Beauty from $100.00 to $85.00 and set a “neutral” rating for the company in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.07.

e.l.f. Beauty Trading Down 8.6%

The company has a current ratio of 2.76, a quick ratio of 1.89 and a debt-to-equity ratio of 0.70. The business has a 50 day moving average of $82.25 and a 200-day moving average of $95.93. The stock has a market cap of $3.61 billion, a PE ratio of 34.52, a price-to-earnings-growth ratio of 5.85 and a beta of 1.68.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Wednesday, February 4th. The company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.52. e.l.f. Beauty had a return on equity of 15.08% and a net margin of 6.84%.The company had revenue of $489.51 million during the quarter, compared to the consensus estimate of $461.78 million. During the same quarter last year, the business posted $0.74 earnings per share. e.l.f. Beauty’s revenue was up 37.8% compared to the same quarter last year. e.l.f. Beauty has set its FY 2026 guidance at 3.050-3.100 EPS. On average, analysts anticipate that e.l.f. Beauty will post 2.38 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of e.l.f. Beauty by 29.3% during the 3rd 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 during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al raised its position in shares of e.l.f. Beauty by 1.9% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 5,426 shares of the company’s stock valued at $719,000 after buying an additional 100 shares during the last quarter. State of Wyoming raised its position in shares of e.l.f. Beauty by 7.1% in the third quarter. State of Wyoming now owns 1,595 shares of the company’s stock valued at $211,000 after buying an additional 106 shares during the last quarter. Securian Asset Management Inc. lifted its stake in shares of e.l.f. Beauty by 2.7% during the third quarter. Securian Asset Management Inc. now owns 4,442 shares of the company’s stock valued at $588,000 after buying an additional 115 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of 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 valued at $39,000 after buying an additional 117 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

About e.l.f. Beauty

e.l.f. Beauty (NYSE: ELF) is an American cosmetics company known for offering an extensive range of affordable, trend-driven makeup and skincare products. The company’s portfolio spans foundations, lipsticks, mascaras, brushes, serums, masks and other beauty essentials, all positioned at accessible price points. e.l.f. Beauty maintains a direct-to-consumer platform through its e-commerce site and engages in widespread retail partnerships with major chains such as Target, Walmart, Ulta Beauty and Amazon.

Founded in 2004 and headquartered in Oakland, California, e.l.f.