e.l.f. Beauty (NYSE:ELF) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

e.l.f. Beauty (NYSE:ELF) had its price target upped by research analysts at JPMorgan Chase & Co. from $106.00 to $130.00 in a report released on Monday, Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 14.70% from the company’s current price.

A number of other brokerages have also weighed in on ELF. UBS Group restated a “neutral” rating and set a $116.00 price objective on shares of e.l.f. Beauty in a research note on Thursday. Bank of America boosted their price objective on e.l.f. Beauty from $100.00 to $118.00 and gave the company a “buy” rating in a report on Tuesday, September 15th. Citigroup boosted their price target on e.l.f. Beauty from $118.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, October 14th. Robert W. Baird boosted their target price on shares of e.l.f. Beauty from $105.00 to $120.00 and gave the company an “outperform” rating in a research note on Wednesday, October 7th. Finally, The Goldman Sachs Group set a $100.00 price target on shares of e.l.f. Beauty in a report on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $108.62.

e.l.f. Beauty Stock Down 0.2%

NYSE ELF traded down $0.20 during trading hours on Monday, hitting $113.34. The company had a trading volume of 728,813 shares, compared to its average volume of 2,530,881. The firm’s 50 day moving average is $102.01 and its 200 day moving average is $78.99. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.55 and a quick ratio of 1.82. e.l.f. Beauty has a fifty-two week low of $48.82 and a fifty-two week high of $137.52. The company has a market capitalization of $6.69 billion, a price-to-earnings ratio of 113.41, a P/E/G ratio of 3.20 and a beta of 1.61.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $1.04. e.l.f. Beauty had a net margin of 3.38% and a return on equity of 14.07%. The company had revenue of $479.37 million during the quarter, compared to the consensus estimate of $431.20 million. During the same quarter last year, the company earned $0.89 earnings per share. e.l.f. Beauty’s revenue for the quarter was up 35.5% on a year-over-year basis. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. Sell-side analysts anticipate that e.l.f. Beauty will post 2.65 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other e.l.f. Beauty news, Director Lauren Levitan sold 1,034 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $93.15, for a total value of $96,317.10. Following the completion of the sale, the director directly owned 10,516 shares in the company, valued at $979,565.40. This represents a 8.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Kory Marchisotto sold 12,173 shares of e.l.f. Beauty stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $88.02, for a total value of $1,071,467.46. Following the transaction, the insider owned 169,695 shares in the company, valued at approximately $14,936,553.90. This trade represents a 6.69% 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 96,068 shares of company stock valued at $9,822,932. 3.50% of the stock is currently owned by insiders.

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

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Legal & General Group Plc purchased a new stake in shares of e.l.f. Beauty in the 2nd quarter valued at approximately $5,684,000. Delta Global Management LP purchased a new position in shares of e.l.f. Beauty during the first quarter valued at $1,227,000. State Street Corp grew its holdings in shares of e.l.f. Beauty by 4.2% during the second quarter. State Street Corp now owns 1,874,997 shares of the company’s stock valued at $138,647,000 after buying an additional 75,842 shares in the last quarter. Aurora Investment Counsel acquired a new stake in e.l.f. Beauty during the 2nd quarter worth about $2,868,000. Finally, SummitTX Capital L.P. boosted its position in e.l.f. Beauty by 222.3% during the 1st quarter. SummitTX Capital L.P. now owns 29,240 shares of the company’s stock worth $1,772,000 after acquiring an additional 20,169 shares during the period. 92.44% of the stock is owned by institutional investors and hedge funds.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc is a cosmetics and skin-care company that develops, markets and sells beauty products through mass retailers, specialty beauty stores, e-commerce platforms and its own websites. Its portfolio includes makeup, skin-care, body-care and related beauty products designed to offer accessible pricing and broad consumer appeal.

The company’s principal brand is e.l.f. Cosmetics, which offers products such as complexion makeup, eye cosmetics, lip products, brushes and skin-care items.