e.l.f. Beauty (ELF) – Research Analysts’ Recent Ratings Updates

Several analysts have recently updated their ratings and price targets for e.l.f. Beauty (NYSE: ELF):

• 12/19/2024 – e.l.f. Beauty had its “buy” rating reaffirmed by analysts at DA Davidson. They now have a $170.00 price target on the stock.
• 12/18/2024 – e.l.f. Beauty had its price target raised by analysts at Truist Financial Co. from $130.00 to $150.00. They now have a “buy” rating on the stock.
• 12/13/2024 – e.l.f. Beauty is now covered by analysts at The Goldman Sachs Group, Inc.. They set a “buy” rating and a $165.00 price target on the stock.
• 12/12/2024 – e.l.f. Beauty is now covered by analysts at Deutsche Bank Aktiengesellschaft. They set a “hold” rating and a $133.00 price target on the stock.
• 12/11/2024 – e.l.f. Beauty had its “buy” rating reaffirmed by analysts at DA Davidson. They now have a $170.00 price target on the stock.
• 11/25/2024 – e.l.f. Beauty had its “buy” rating reaffirmed by analysts at DA Davidson. They now have a $170.00 price target on the stock.
• 11/7/2024 – e.l.f. Beauty had its price target lowered by analysts at JPMorgan Chase & Co. from $167.00 to $154.00. They now have an “overweight” rating on the stock.
• 11/7/2024 – e.l.f. Beauty had its “overweight” rating reaffirmed by analysts at Piper Sandler. They now have a $165.00 price target on the stock, up previously from $162.00.
• 11/7/2024 – e.l.f. Beauty had its price target lowered by analysts at Stifel Nicolaus from $131.00 to $115.00. They now have a “hold” rating on the stock.
• 11/7/2024 – e.l.f. Beauty had its price target lowered by analysts at B. Riley from $175.00 to $150.00. They now have a “buy” rating on the stock.
• 11/7/2024 – e.l.f. Beauty had its price target lowered by analysts at Canaccord Genuity Group Inc. from $250.00 to $200.00. They now have a “buy” rating on the stock.
• 11/7/2024 – e.l.f. Beauty had its price target lowered by analysts at DA Davidson from $223.00 to $170.00. They now have a “buy” rating on the stock.

e.l.f. Beauty Price Performance

NYSE ELF traded down $1.56 during trading hours on Wednesday, reaching $125.55. 870,720 shares of the stock traded hands, compared to its average volume of 1,923,671. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01. The company has a market cap of $7.07 billion, a price-to-earnings ratio of 67.86, a price-to-earnings-growth ratio of 3.03 and a beta of 1.49. The stock has a 50 day simple moving average of $124.34 and a two-hundred day simple moving average of $143.75. e.l.f. Beauty, Inc. has a 1 year low of $98.50 and a 1 year high of $221.83.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.34. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The company had revenue of $301.10 million for the quarter, compared to analyst estimates of $289.43 million. During the same period in the previous year, the company posted $0.66 earnings per share. The firm’s revenue was up 39.7% on a year-over-year basis. On average, analysts predict that e.l.f. Beauty, Inc. will post 2.8 EPS for the current fiscal year.

Insiders Place Their Bets

In other e.l.f. Beauty news, Director Maureen C. Watson sold 785 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $130.00, for a total transaction of $102,050.00. Following the completion of the sale, the director now directly owns 1,888 shares of the company’s stock, valued at approximately $245,440. This represents a 29.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Scott Milsten sold 530 shares of the company’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $137.60, for a total value of $72,928.00. Following the completion of the sale, the insider now owns 68,853 shares of the company’s stock, valued at $9,474,172.80. This trade represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,205 shares of company stock valued at $297,442. 3.50% of the stock is owned by insiders.

Institutional Investors Weigh In On e.l.f. Beauty

Hedge funds and other institutional investors have recently modified their holdings of the business. Logan Capital Management Inc. increased its position in e.l.f. Beauty by 6.4% during the 3rd quarter. Logan Capital Management Inc. now owns 42,923 shares of the company’s stock valued at $4,680,000 after purchasing an additional 2,565 shares during the period. Retirement Systems of Alabama boosted its position in e.l.f. Beauty by 83.6% during the third quarter. Retirement Systems of Alabama now owns 143,758 shares of the company’s stock valued at $15,674,000 after purchasing an additional 65,448 shares in the last quarter. Oddo BHF Asset Management Sas bought a new position in shares of e.l.f. Beauty during the 3rd quarter worth approximately $1,160,000. Wilmington Savings Fund Society FSB purchased a new stake in e.l.f. Beauty during the third quarter valued at approximately $25,000. Finally, Sanctuary Advisors LLC boosted its stake in e.l.f. Beauty by 33.5% in the third quarter. Sanctuary Advisors LLC now owns 6,981 shares of the company’s stock valued at $761,000 after acquiring an additional 1,753 shares in the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.