TD Cowen Lowers e.l.f. Beauty (NYSE:ELF) Price Target to $100.00

e.l.f. Beauty (NYSE:ELF) had its target price lowered by research analysts at TD Cowen from $110.00 to $100.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. TD Cowen’s price target would indicate a potential upside of 36.35% from the company’s current price.

A number of other analysts have also commented on ELF. Zacks Research raised e.l.f. Beauty from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. The Goldman Sachs Group dropped their target price on shares of e.l.f. Beauty from $155.00 to $135.00 and set a “buy” rating for the company in a research report on Friday, November 7th. Robert W. Baird set a $115.00 target price on shares of e.l.f. Beauty in a research note on Thursday, February 5th. Morgan Stanley set a $121.00 price target on shares of e.l.f. Beauty in a research note on Thursday, November 6th. Finally, Wall Street Zen upgraded shares of e.l.f. Beauty from a “sell” rating to a “hold” rating in a report on Saturday, January 24th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $119.13.

e.l.f. Beauty Stock Performance

Shares of NYSE:ELF opened at $73.34 on Monday. The company has a current ratio of 2.76, a quick ratio of 1.89 and a debt-to-equity ratio of 0.70. The company has a 50-day moving average price of $82.23 and a 200-day moving average price of $104.42. The company has a market cap of $4.33 billion, a price-to-earnings ratio of 41.44, a price-to-earnings-growth ratio of 6.38 and a beta of 1.71. e.l.f. Beauty has a 12 month low of $49.40 and a 12 month high of $150.99.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.52. The company had revenue of $489.51 million for 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%.e.l.f. Beauty’s revenue was up 37.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.74 EPS. e.l.f. Beauty has set its FY 2026 guidance at 3.050-3.100 EPS. As a group, equities analysts anticipate that e.l.f. Beauty will post 2.38 EPS for the current year.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada boosted its position in shares of e.l.f. Beauty by 9.9% in the 1st quarter. Royal Bank of Canada now owns 153,682 shares of the company’s stock worth $9,650,000 after purchasing an additional 13,851 shares in the last quarter. Integrated Wealth Concepts LLC boosted its holdings in e.l.f. Beauty by 168.6% in the first quarter. Integrated Wealth Concepts LLC now owns 6,483 shares of the company’s stock worth $407,000 after acquiring an additional 4,069 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of e.l.f. Beauty by 176.4% in the first quarter. NewEdge Advisors LLC now owns 4,677 shares of the company’s stock worth $294,000 after acquiring an additional 2,985 shares during the last quarter. United Services Automobile Association bought a new position in shares of e.l.f. Beauty during the first quarter valued at $240,000. Finally, Truist Financial Corp raised its position in shares of e.l.f. Beauty by 49.5% in the 2nd quarter. Truist Financial Corp now owns 7,405 shares of the company’s stock worth $921,000 after purchasing an additional 2,452 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

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.