Analysts Set e.l.f. Beauty (NYSE:ELF) Price Target at $90.81

e.l.f. Beauty (NYSE:ELF) has been assigned an average rating of “Moderate Buy” from the eighteen brokerages that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $91.3125.

A number of equities analysts have weighed in on ELF shares. Weiss Ratings raised shares of e.l.f. Beauty from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, July 30th. Bank of America dropped 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. Piper Sandler upped their price target on e.l.f. Beauty from $50.00 to $65.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Jefferies Financial Group raised their price objective on e.l.f. Beauty from $72.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. Finally, Morgan Stanley lowered their price objective on e.l.f. Beauty from $67.00 to $59.00 and set an “equal weight” rating for the company in a research note on Thursday, May 21st.

e.l.f. Beauty Stock Up 7.4%

NYSE:ELF opened at $99.40 on Monday. The firm’s 50-day moving average price is $77.92 and its 200-day moving average price is $71.88. The company has a market capitalization of $5.87 billion, a PE ratio of 99.40, a P/E/G ratio of 2.91 and a beta of 1.58. 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 1-year low of $48.82 and a 1-year high of $150.99.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $1.75 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $431.20 million. During the same period last year, the business earned $0.89 EPS. e.l.f. Beauty’s quarterly revenue was up 35.5% compared to the same quarter last year. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. On average, equities analysts predict that e.l.f. Beauty will post 2.61 EPS for the current fiscal year.

Insider Activity

In other news, SVP Joshua Allen Franks sold 6,854 shares of e.l.f. Beauty stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $51.94, for a total value of $355,996.76. Following the completion of the transaction, the senior vice president owned 153,532 shares of the company’s stock, valued at $7,974,452.08. The trade was a 4.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tarang Amin sold 50,164 shares of the company’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $78.24, for a total transaction of $3,924,831.36. Following the completion of the transaction, the chief executive officer owned 110,496 shares in the company, valued at approximately $8,645,207.04. The trade was a 31.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 134,028 shares of company stock valued at $9,422,961. 3.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets boosted its position in shares of e.l.f. Beauty by 3,131.7% during the fourth quarter. BNP Paribas Financial Markets now owns 924,902 shares of the company’s stock valued at $70,330,000 after buying an additional 896,282 shares during the last quarter. Vanguard Group Inc. raised its position in 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 worth $417,255,000 after buying an additional 140,258 shares during the last quarter. Norges Bank purchased a new position in e.l.f. Beauty in the 4th quarter worth about $38,895,000. Delta Global Management LP bought a new position in e.l.f. Beauty during the 1st quarter valued at about $1,227,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in e.l.f. Beauty by 138,082.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 276,364 shares of the company’s stock valued at $21,015,000 after acquiring an additional 276,164 shares during the period. Institutional investors 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.