e.l.f. Beauty (NYSE:ELF) Releases FY 2027 Earnings Guidance

e.l.f. Beauty (NYSE:ELF) updated its FY 2027 earnings guidance on Wednesday. The company provided earnings per share guidance of 3.270-3.320 for the period, compared to the consensus earnings per share estimate of 3.370. The company issued revenue guidance of $1.8 billion-$1.9 billion, compared to the consensus revenue estimate of $1.9 billion.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ELF shares. Robert W. Baird dropped their target price on e.l.f. Beauty from $115.00 to $90.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 28th. UBS Group lowered their price objective on e.l.f. Beauty from $102.00 to $70.00 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. Piper Sandler dropped their price objective on e.l.f. Beauty from $85.00 to $60.00 and set a “neutral” rating on the stock in a report on Tuesday. Bank of America cut their target price on e.l.f. Beauty from $115.00 to $93.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Finally, Citigroup reduced their target price on e.l.f. Beauty from $115.00 to $87.00 and set a “buy” rating for the company in a research note on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $99.06.

e.l.f. Beauty Stock Down 4.4%

NYSE:ELF traded down $2.32 during mid-day trading on Wednesday, reaching $50.66. The stock had a trading volume of 8,562,627 shares, compared to its average volume of 2,445,270. The company has a market capitalization of $2.99 billion, a price-to-earnings ratio of 28.62, a price-to-earnings-growth ratio of 3.38 and a beta of 1.71. e.l.f. Beauty has a 1-year low of $50.13 and a 1-year high of $150.99. The stock’s 50 day simple moving average is $65.17 and its two-hundred day simple moving average is $76.96. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.76 and a quick ratio of 1.89.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Wednesday, May 20th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.03. The firm had revenue of $449.29 million for the quarter, compared to analysts’ expectations of $423.06 million. e.l.f. Beauty had a return on equity of 15.08% and a net margin of 6.84%.e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. Equities analysts anticipate that e.l.f. Beauty will post 1.88 EPS for the current year.

Insider Activity

In related news, CEO Tarang Amin sold 41,520 shares of the stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $63.66, for a total transaction of $2,643,163.20. Following the sale, the chief executive officer owned 112,690 shares in the company, valued at $7,173,845.40. This represents a 26.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kory Marchisotto sold 23,796 shares of the firm’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $63.66, for a total transaction of $1,514,853.36. Following the completion of the transaction, the insider directly owned 152,417 shares in the company, valued at $9,702,866.22. This represents a 13.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 210,013 shares of company stock valued at $13,315,490 over the last quarter. 3.90% of the stock is owned by company insiders.

Institutional Trading of e.l.f. Beauty

Hedge funds have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD grew its position in e.l.f. Beauty by 47.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,197,319 shares of the company’s stock valued at $167,086,000 after buying an additional 711,540 shares in the last quarter. Atreides Management LP acquired a new stake in shares of e.l.f. Beauty in the 2nd quarter worth approximately $61,479,000. Man Group plc acquired a new stake in shares of e.l.f. Beauty in the 2nd quarter worth approximately $52,316,000. Woodline Partners LP bought a new position in shares of e.l.f. Beauty in the third quarter valued at approximately $52,613,000. Finally, Ensign Peak Advisors Inc boosted its holdings in shares of e.l.f. Beauty by 37.7% in the fourth quarter. Ensign Peak Advisors Inc now owns 1,319,523 shares of the company’s stock valued at $100,337,000 after acquiring an additional 361,371 shares in the last quarter. 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.