e.l.f. Beauty (NYSE:ELF) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of e.l.f. Beauty (NYSE:ELF) have been given a consensus rating of “Moderate Buy” by the eighteen analysts that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, nine have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $77.8750.

ELF has been the subject of a number of recent research reports. The Goldman Sachs Group reiterated a “buy” rating and issued a $95.00 target price on shares of e.l.f. Beauty in a report on Monday. Bank of America reduced their price target on e.l.f. Beauty from $93.00 to $85.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Citigroup lifted their price objective on e.l.f. Beauty from $87.00 to $92.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Raymond James Financial lifted their price objective on e.l.f. Beauty from $85.00 to $87.00 and gave the company a “strong-buy” rating in a research note on Tuesday, July 14th. Finally, TD Cowen reissued a “buy” rating and set a $85.00 price objective (up from $65.00) on shares of e.l.f. Beauty in a research report on Tuesday, July 21st.

e.l.f. Beauty Price Performance

e.l.f. Beauty stock opened at $83.98 on Thursday. The firm has a market cap of $4.95 billion, a PE ratio of 182.56, a price-to-earnings-growth ratio of 3.02 and a beta of 1.59. e.l.f. Beauty has a 52-week low of $48.82 and a 52-week high of $150.99. The company has a quick ratio of 1.69, a current ratio of 2.35 and a debt-to-equity ratio of 0.72. The company’s 50 day moving average is $65.52 and its two-hundred day moving average is $71.66.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Wednesday, May 20th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.29 by $0.03. e.l.f. Beauty had a net margin of 1.61% and a return on equity of 11.02%. The business had revenue of $449.29 million during the quarter, compared to the consensus estimate of $423.06 million. During the same quarter in the previous year, the firm posted $0.78 earnings per share. The company’s quarterly revenue was up 35.1% compared to the same quarter last year. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. On average, research analysts expect that e.l.f. Beauty will post 2.41 EPS for the current fiscal year.

Insider Buying and Selling

In other e.l.f. Beauty news, insider Mandy J. Fields sold 8,464 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $51.94, for a total value of $439,620.16. Following the sale, the insider directly owned 111,288 shares of the company’s stock, valued at approximately $5,780,298.72. This represents a 7.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Tarang Amin sold 50,164 shares of the stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $78.24, for a total transaction of $3,924,831.36. Following the completion of the sale, the chief executive officer directly owned 110,496 shares in the company, valued at approximately $8,645,207.04. This represents a 31.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 121,855 shares of company stock valued at $8,351,493 over the last ninety days. 3.50% of the stock is currently owned by corporate insiders.

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

Several institutional investors have recently modified their holdings of ELF. BNP Paribas Financial Markets boosted its position in shares of e.l.f. Beauty by 3,131.7% during the 4th quarter. BNP Paribas Financial Markets now owns 924,902 shares of the company’s stock worth $70,330,000 after acquiring an additional 896,282 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of e.l.f. Beauty by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 5,487,304 shares of the company’s stock valued at $417,255,000 after acquiring an additional 140,258 shares during the last quarter. Norges Bank purchased a new position in shares of e.l.f. Beauty in the 4th quarter valued at about $38,895,000. SG Americas Securities LLC raised its position in shares of e.l.f. Beauty by 1,967.8% during the 4th quarter. SG Americas Securities LLC now owns 155,253 shares of the company’s stock worth $11,805,000 after acquiring an additional 147,745 shares in the last quarter. Finally, Jacobson & Schmitt Advisors LLC raised its position in shares of e.l.f. Beauty by 34.5% during the 4th quarter. Jacobson & Schmitt Advisors LLC now owns 188,924 shares of the company’s stock worth $14,366,000 after acquiring an additional 48,504 shares in the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

e.l.f. Beauty Company Profile

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.