e.l.f. Beauty (NYSE:ELF) Stock Price Down 8.2% Following Analyst Downgrade

e.l.f. Beauty (NYSE:ELF)’s share price traded down 8.2% on Monday after TD Cowen lowered their price target on the stock from $110.00 to $100.00. TD Cowen currently has a buy rating on the stock. e.l.f. Beauty traded as low as $74.10 and last traded at $75.3890. 879,559 shares were traded during trading, a decline of 57% from the average session volume of 2,050,439 shares. The stock had previously closed at $82.09.

Several other research firms have also weighed in on ELF. Canaccord Genuity Group cut their target price on e.l.f. Beauty from $165.00 to $136.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. Morgan Stanley set a $121.00 price objective on e.l.f. Beauty in a report on Thursday, November 6th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $92.00 target price on shares of e.l.f. Beauty in a report on Thursday, January 29th. Wall Street Zen raised e.l.f. Beauty from a “sell” rating to a “hold” rating in a research report on Saturday, January 24th. Finally, Citigroup increased their price target on e.l.f. Beauty from $110.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $119.13.

Hedge Funds Weigh In On e.l.f. Beauty

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in e.l.f. Beauty by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 5,487,304 shares of the company’s stock valued at $417,255,000 after purchasing an additional 140,258 shares during the period. Swedbank AB raised its position in shares of e.l.f. Beauty by 97.0% during the fourth quarter. Swedbank AB now owns 1,364,801 shares of the company’s stock valued at $103,779,000 after buying an additional 672,071 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of e.l.f. Beauty by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 1,040,518 shares of the company’s stock valued at $79,138,000 after buying an additional 21,016 shares during the period. Mackenzie Financial Corp lifted its stake in shares of e.l.f. Beauty by 11.0% in the second quarter. Mackenzie Financial Corp now owns 957,941 shares of the company’s stock valued at $119,206,000 after buying an additional 95,270 shares during the period. Finally, Marshall Wace LLP acquired a new stake in e.l.f. Beauty during the second quarter worth about $118,058,000. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Stock Down 1.5%

The company has a debt-to-equity ratio of 0.70, a current ratio of 2.76 and a quick ratio of 1.89. The stock has a market capitalization of $4.33 billion, a P/E ratio of 41.44, a price-to-earnings-growth ratio of 6.38 and a beta of 1.71. The firm has a 50 day moving average of $82.23 and a 200-day moving average of $104.42.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Wednesday, February 4th. The company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.52. The company had revenue of $489.51 million during the quarter, compared to the consensus estimate of $461.78 million. e.l.f. Beauty had a return on equity of 15.08% and a net margin of 6.84%.The company’s quarterly revenue was up 37.8% on a year-over-year basis. During the same quarter last year, the company earned $0.74 EPS. e.l.f. Beauty has set its FY 2026 guidance at 3.050-3.100 EPS. On average, equities research analysts expect that e.l.f. Beauty will post 2.38 earnings per share for the current fiscal year.

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.