e.l.f. Beauty (NYSE:ELF) Reaches New 12-Month High Following Better-Than-Expected Earnings

e.l.f. Beauty (NYSE:ELF)’s share price reached a new 52-week high on Thursday after the company announced better than expected quarterly earnings. The company traded as high as $123.13 and last traded at $110.5770, with a volume of 267,987 shares changing hands. The stock had previously closed at $113.63.

The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.61. The firm had revenue of $520.82 million for the quarter, compared to analyst estimates of $473.51 million. e.l.f. Beauty had a net margin of 3.38% and a return on equity of 14.07%. The business’s revenue for the quarter was up 51.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.68 EPS.

Key Stories Impacting e.l.f. Beauty

Here are the key news stories impacting e.l.f. Beauty this week:

• Positive Sentiment: Fiscal Q2 earnings were $1.21 per share, well above analyst expectations of about $0.60, while revenue of $520.8 million topped estimates of roughly $473.5 million and climbed 51.4% year over year. Article: E.l.f. Beauty posts 51% sales increase, raises full-year guidance
• Positive Sentiment: Management raised its fiscal 2027 net-sales growth outlook to 22%–24%. The quarter marked the company’s 31st consecutive period of net-sales growth, with management citing strength across its portfolio—signs of sustained demand that may support investor confidence. Article: e.l.f. Beauty Announces Second Quarter Fiscal 2027 Results

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ELF. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of e.l.f. Beauty in a report on Wednesday, October 28th. Citigroup upped their price target on shares of e.l.f. Beauty from $118.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, October 14th. Canaccord Genuity Group increased their price objective on shares of e.l.f. Beauty from $123.00 to $137.00 and gave the stock a “buy” rating in a report on Thursday, October 22nd. Robert W. Baird increased their price objective on shares of e.l.f. Beauty from $105.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, October 7th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and issued a $132.00 target price on shares of e.l.f. Beauty in a research note on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $113.00.

Insider Buying and Selling at e.l.f. Beauty

In related news, insider Mandy Fields sold 16,065 shares of the business’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 transaction of $1,679,113.80. Following the completion of the sale, the insider directly owned 90,896 shares of the company’s stock, valued at $9,500,449.92. The trade was a 15.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Lauren Levitan sold 1,034 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $93.15, for a total transaction of $96,317.10. Following the completion of the transaction, the director 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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 91,821 shares of company stock worth $9,624,513 over the last quarter. Company insiders own 3.50% of the company’s stock.

Institutional Trading of e.l.f. Beauty

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

e.l.f. Beauty Stock Up 0.6%

The firm has a 50 day simple moving average of $106.01 and a two-hundred day simple moving average of $81.94. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.55 and a quick ratio of 1.82. The stock has a market cap of $6.75 billion, a price-to-earnings ratio of 113.89, a price-to-earnings-growth ratio of 2.93 and a beta of 1.61.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc is a cosmetics and skincare company that develops, markets and sells beauty products under a portfolio of brands. Its offerings include makeup, skin care, hair care and other personal-care products designed to provide accessible, trend-focused beauty options across a range of categories.

The company’s portfolio includes e.l.f. Cosmetics, Well People, Keys Soulcare and Naturium. Its products are sold through mass retailers, specialty beauty stores, e-commerce platforms and the brands’ direct-to-consumer websites.