Wall Street Zen Downgrades e.l.f. Beauty (NYSE:ELF) to Sell

e.l.f. Beauty (NYSE:ELF) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Sunday.

Several other analysts have also issued reports on ELF. Bank of America boosted their price objective on shares of e.l.f. Beauty from $135.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, September 17th. Morgan Stanley set a $121.00 price target on e.l.f. Beauty in a research report on Thursday, November 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of e.l.f. Beauty in a report on Wednesday, October 8th. The Goldman Sachs Group decreased their target price on e.l.f. Beauty from $155.00 to $135.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Finally, JPMorgan Chase & Co. cut their price target on shares of e.l.f. Beauty from $168.00 to $137.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $126.80.

e.l.f. Beauty Stock Down 2.1%

Shares of ELF opened at $76.38 on Friday. The company has a market capitalization of $4.56 billion, a price-to-earnings ratio of 53.79, a PEG ratio of 6.59 and a beta of 1.75. e.l.f. Beauty has a 52 week low of $49.40 and a 52 week high of $150.99. The stock’s 50-day moving average price is $100.48 and its 200-day moving average price is $115.06. The company has a quick ratio of 1.76, a current ratio of 2.70 and a debt-to-equity ratio of 0.73.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.57 by $0.11. The business had revenue of $343.94 million for the quarter, compared to analyst estimates of $367.89 million. e.l.f. Beauty had a return on equity of 13.77% and a net margin of 5.90%.The business’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.77 EPS. e.l.f. Beauty has set its FY 2026 guidance at 2.800-2.850 EPS. On average, sell-side analysts predict that e.l.f. Beauty will post 2.38 EPS for the current year.

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, insider Kory Marchisotto sold 10,812 shares of e.l.f. Beauty stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $150.00, for a total value of $1,621,800.00. Following the sale, the insider directly owned 133,976 shares in the company, valued at approximately $20,096,400. The trade was a 7.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Tarang Amin sold 116,315 shares of the business’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $132.24, for a total transaction of $15,381,495.60. Following the completion of the sale, the chief executive officer owned 81,818 shares in the company, valued at approximately $10,819,612.32. The trade was a 58.71% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 155,338 shares of company stock valued at $21,199,943. 3.90% of the stock is owned by corporate insiders.

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

A number of hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its holdings in e.l.f. Beauty by 97.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company’s stock valued at $32,000 after buying an additional 128 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of e.l.f. Beauty by 58.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company’s stock valued at $39,000 after acquiring an additional 117 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of e.l.f. Beauty by 577.7% in the first quarter. Smartleaf Asset Management LLC now owns 759 shares of the company’s stock valued at $49,000 after purchasing an additional 647 shares in the last quarter. MAI Capital Management increased its position in e.l.f. Beauty by 129.1% in the second quarter. MAI Capital Management now owns 394 shares of the company’s stock worth $49,000 after purchasing an additional 222 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new stake in e.l.f. Beauty in the second quarter worth $49,000. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

About e.l.f. Beauty

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.