Piper Sandler Forecasts Strong Price Appreciation for e.l.f. Beauty (NYSE:ELF) Stock

e.l.f. Beauty (NYSE:ELF) had its price objective increased by investment analysts at Piper Sandler from $100.00 to $110.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Piper Sandler‘s target price would suggest a potential downside of 1.38% from the company’s previous close.

Several other analysts also recently commented on ELF. The Goldman Sachs Group set a $100.00 price objective on e.l.f. Beauty in a research note on Thursday, August 6th. Canaccord Genuity Group boosted their target price on e.l.f. Beauty from $123.00 to $137.00 and gave the company a “buy” rating in a research note on Thursday, October 22nd. Bank of America increased their price objective on shares of e.l.f. Beauty from $100.00 to $118.00 and gave the stock a “buy” rating in a research note on Tuesday, September 15th. Raymond James Financial reiterated a “strong-buy” rating and issued a $132.00 price target on shares of e.l.f. Beauty in a research note on Thursday. Finally, Citigroup upped their price objective on e.l.f. Beauty from $118.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, October 14th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, e.l.f. Beauty currently has a consensus rating of “Moderate Buy” and an average price target of $115.81.

e.l.f. Beauty Stock Down 1.8%

Shares of e.l.f. Beauty stock traded down $2.10 during trading on Thursday, hitting $111.53. 1,605,133 shares of the stock traded hands, compared to its average volume of 2,458,278. The stock has a market cap of $6.58 billion, a P/E ratio of 112.40, a PEG ratio of 2.93 and a beta of 1.61. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.82 and a current ratio of 2.55. e.l.f. Beauty has a twelve month low of $48.82 and a twelve month high of $123.13. The company has a fifty day moving average price of $106.01 and a two-hundred day moving average price of $81.94.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Wednesday, November 4th. The company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.61. e.l.f. Beauty had a net margin of 3.38% and a return on equity of 14.07%. The firm had revenue of $520.82 million during the quarter, compared to analysts’ expectations of $473.51 million. During the same period in the previous year, the company earned $0.68 earnings per share. The company’s revenue was up 51.4% compared to the same quarter last year. Equities research analysts predict that e.l.f. Beauty will post 2.69 EPS for the current fiscal year.

Insider Activity at e.l.f. Beauty

In related news, CEO Tarang Amin sold 47,000 shares of the company’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $103.31, for a total value of $4,855,570.00. Following the sale, the chief executive officer owned 134,496 shares in the company, valued at $13,894,781.76. This represents a 25.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Joshua Franks sold 7,926 shares of the firm’s stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $110.15, for a total transaction of $873,048.90. Following the completion of the transaction, the senior vice president directly owned 119,005 shares in the company, valued at approximately $13,108,400.75. The trade was a 6.24% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 91,821 shares of company stock valued at $9,624,513. 3.50% of the stock is currently owned by company insiders.

Institutional Trading of e.l.f. Beauty

Several institutional investors and hedge funds have recently made changes to their positions in the company. SBI Securities Co. Ltd. boosted its stake in shares of e.l.f. Beauty by 64.5% in the 3rd quarter. SBI Securities Co. Ltd. now owns 334 shares of the company’s stock worth $34,000 after buying an additional 131 shares during the last quarter. Continuum Advisory LLC bought a new position in e.l.f. Beauty in the 2nd quarter valued at $31,000. Signaturefd LLC increased its position in shares of e.l.f. Beauty by 86.5% during the 3rd quarter. Signaturefd LLC now owns 513 shares of the company’s stock valued at $52,000 after purchasing an additional 238 shares during the last quarter. State of Wyoming purchased a new stake in shares of e.l.f. Beauty during the 2nd quarter valued at $40,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of e.l.f. Beauty by 378.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 713 shares of the company’s stock worth $43,000 after purchasing an additional 564 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty News Roundup

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

• Positive Sentiment: e.l.f. reported revenue of $520.8 million, up 51.4% year over year and ahead of analyst expectations of about $473.5 million. Earnings of $1.21 per share also topped estimates near $0.60, providing a sizable surprise on both sales and profit. Article: E.l.f. Beauty posts 51% sales increase, raises full-year guidance
• Positive Sentiment: Management raised its full-year net-sales growth forecast to 22%–24%. The quarter also marked the company’s 31st consecutive quarter of sales growth, with management citing strength across its portfolio—supporting the case that momentum is broad rather than limited to one product line. Article: e.l.f. Beauty Announces Second Quarter Fiscal 2027 Results

About e.l.f. Beauty

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.