Raymond James Financial Forecasts Strong Price Appreciation for e.l.f. Beauty (NYSE:ELF) Stock

e.l.f. Beauty (NYSE:ELF) had its price objective lifted by stock analysts at Raymond James Financial from $100.00 to $117.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “strong-buy” rating on the stock. Raymond James Financial’s target price points to a potential upside of 13.80% from the company’s previous close.

ELF has been the subject of several other research reports. JPMorgan Chase & Co. cut their price target on e.l.f. Beauty from $111.00 to $106.00 and set an “overweight” rating for the company in a research note on Wednesday, August 19th. Canaccord Genuity Group raised their target price on e.l.f. Beauty from $110.00 to $123.00 and gave the stock a “buy” rating in a research note on Thursday, August 27th. B. Riley Financial reissued a “buy” rating and set a $115.00 price objective (up from $100.00) on shares of e.l.f. Beauty in a research note on Wednesday, September 16th. Robert W. Baird set a $105.00 price target on shares of e.l.f. Beauty in a research note on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $64.00 target price on shares of e.l.f. Beauty in a research note on Tuesday, June 16th. One research 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 issued a Sell rating to the company. According to MarketBeat.com, e.l.f. Beauty currently has an average rating of “Moderate Buy” and an average target price of $99.00.

e.l.f. Beauty Stock Up 1.8%

Shares of ELF traded up $1.84 during trading hours on Thursday, reaching $102.81. The stock had a trading volume of 570,384 shares, compared to its average volume of 2,610,535. The company has a current ratio of 2.55, a quick ratio of 1.82 and a debt-to-equity ratio of 0.69. The firm has a 50-day simple moving average of $96.52 and a 200 day simple moving average of $75.78. e.l.f. Beauty has a 12 month low of $48.82 and a 12 month high of $147.75. The company has a market capitalization of $6.07 billion, a price-to-earnings ratio of 102.97, a P/E/G ratio of 2.88 and a beta of 1.60.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Wednesday, August 5th. The company reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $431.20 million. During the same period last year, the firm earned $0.89 earnings per share. The firm’s revenue 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. Equities research analysts predict that e.l.f. Beauty will post 2.64 earnings per share for the current fiscal year.

Insider Transactions at e.l.f. Beauty

In related news, SVP Joshua Franks sold 5,718 shares of the business’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $100.00, for a total transaction of $571,800.00. Following the sale, the senior vice president owned 144,309 shares of the company’s stock, valued at $14,430,900. The trade was a 3.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Mandy Fields sold 16,065 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $104.52, for a total value of $1,679,113.80. Following the transaction, the insider directly owned 90,896 shares of the company’s stock, valued at approximately $9,500,449.92. This trade represents a 15.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 40,702 shares of company stock worth $4,047,018 over the last quarter. Insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Hilton Head Capital Partners LLC bought a new stake in shares of e.l.f. Beauty in the fourth quarter worth $32,000. Continuum Advisory LLC bought a new position in shares of e.l.f. Beauty in the 2nd quarter worth approximately $31,000. State of Wyoming bought a new position in shares of e.l.f. Beauty in the 2nd quarter worth approximately $40,000. EverSource Wealth Advisors LLC increased its holdings in e.l.f. Beauty by 378.5% during the first quarter. EverSource Wealth Advisors LLC now owns 713 shares of the company’s stock valued at $43,000 after buying an additional 564 shares during the last quarter. Finally, Integrated Wealth Concepts LLC bought a new position in e.l.f. Beauty in the second quarter worth approximately $56,000. Institutional investors own 92.44% of the company’s stock.

About e.l.f. Beauty

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.