e.l.f. Beauty (NYSE:ELF) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Shares of e.l.f. Beauty (NYSE:ELF) have received an average rating of “Moderate Buy” from the eighteen ratings firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $99.94.

Several equities research analysts recently issued reports on ELF shares. Canaccord Genuity Group increased their target price on shares of e.l.f. Beauty from $110.00 to $123.00 and gave the stock a “buy” rating in a report on Thursday, August 27th. Bank of America raised their target price 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. B. Riley Financial reaffirmed a “buy” rating and set a $115.00 price target (up from $100.00) on shares of e.l.f. Beauty in a report on Wednesday, September 16th. Citigroup upped their price target on shares of e.l.f. Beauty from $100.00 to $118.00 and gave the stock a “buy” rating in a research report on Monday, September 14th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $64.00 price objective on shares of e.l.f. Beauty in a research report on Tuesday, June 16th.

Insider Buying and Selling

In other e.l.f. Beauty news, Director Lauren Levitan sold 1,034 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $93.15, for a total value of $96,317.10. Following the completion of the sale, the director owned 10,516 shares in the company, valued at approximately $979,565.40. This represents a 8.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Mandy J. Fields sold 16,065 shares of the stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $104.52, for a total value of $1,679,113.80. Following the sale, the insider owned 90,896 shares of the company’s stock, valued at $9,500,449.92. This represents a 15.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 87,702 shares of company stock worth $8,902,588 in the last three months. Corporate insiders own 3.50% of the company’s stock.

Institutional Trading of e.l.f. Beauty

Large investors have recently made changes to their positions in the business. Legal & General Group Plc bought a new stake in e.l.f. Beauty during the second quarter worth approximately $5,684,000. Norges Bank bought a new position in e.l.f. Beauty in the 4th quarter valued at $38,895,000. Delta Global Management LP purchased a new stake in e.l.f. Beauty in the first quarter worth $1,227,000. State Street Corp increased its stake 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 worth $138,647,000 after purchasing an additional 75,842 shares during the period. Finally, Aurora Investment Counsel purchased a new stake in e.l.f. Beauty in the second quarter worth $2,868,000. 92.44% of the stock is currently owned by institutional investors.

e.l.f. Beauty Stock Performance

Shares of ELF opened at $109.38 on Tuesday. The business has a 50-day simple moving average of $99.87 and a two-hundred day simple moving average of $77.33. The company has a quick ratio of 1.82, a current ratio of 2.55 and a debt-to-equity ratio of 0.69. e.l.f. Beauty has a 52 week low of $48.82 and a 52 week high of $147.00. The stock has a market cap of $6.45 billion, a price-to-earnings ratio of 109.38, a PEG ratio of 3.08 and a beta of 1.61.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.75 EPS for the quarter, topping the consensus estimate of $0.71 by $1.04. e.l.f. Beauty had a return on equity of 14.07% and a net margin of 3.38%. The firm had revenue of $479.37 million for the quarter, compared to the consensus estimate of $431.20 million. During the same quarter last year, the company earned $0.89 earnings per share. The business’s revenue for the quarter 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, analysts expect that e.l.f. Beauty will post 2.65 EPS for the current year.

e.l.f. Beauty Company Profile

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.