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

e.l.f. Beauty (NYSE:ELF) had its target price raised by TD Cowen from $100.00 to $110.00 in a report issued on Wednesday, Marketbeat.com reports. The brokerage presently has a “buy” rating on the stock. TD Cowen’s price objective points to a potential upside of 17.58% from the company’s current price.

ELF has been the topic of a number of other reports. UBS Group decreased their price target on e.l.f. Beauty from $105.00 to $98.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 14th. Robert W. Baird cut their target price on shares of e.l.f. Beauty from $145.00 to $125.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. JPMorgan Chase & Co. decreased their target price on shares of e.l.f. Beauty from $137.00 to $103.00 and set an “overweight” rating on the stock in a research note on Thursday, December 18th. Morgan Stanley set a $121.00 price target on shares of e.l.f. Beauty in a research report on Thursday, November 6th. Finally, Piper Sandler cut their price target on shares of e.l.f. Beauty from $100.00 to $85.00 and set a “neutral” rating on the stock in a report on Monday, December 22nd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $121.63.

e.l.f. Beauty Price Performance

ELF stock opened at $93.55 on Wednesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.76 and a current ratio of 2.70. e.l.f. Beauty has a 52 week low of $49.40 and a 52 week high of $150.99. The firm’s fifty day moving average is $79.47 and its 200 day moving average is $107.36. The firm has a market cap of $5.58 billion, a P/E ratio of 65.88, a P/E/G ratio of 8.73 and a beta of 1.73.

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

Institutional Trading of e.l.f. Beauty

Several institutional investors and hedge funds have recently bought and sold shares of ELF. EverSource Wealth Advisors LLC boosted its holdings in e.l.f. Beauty by 97.0% in the second quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company’s stock worth $32,000 after acquiring an additional 128 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of e.l.f. Beauty by 58.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company’s stock worth $39,000 after purchasing an additional 117 shares during the last quarter. MAI Capital Management raised its position in shares of e.l.f. Beauty by 129.1% in the 2nd 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. Elevation Point Wealth Partners LLC bought a new position in e.l.f. Beauty in the 2nd quarter worth about $49,000. Finally, Whittier Trust Co. of Nevada Inc. grew its position in e.l.f. Beauty by 29.3% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 384 shares of the company’s stock valued at $52,000 after purchasing an additional 87 shares during the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

e.l.f. Beauty Company Profile

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.