e.l.f. Beauty (NYSE:ELF) Now Covered by Analysts at Evercore

Evercore initiated coverage on shares of e.l.f. Beauty (NYSE:ELF) in a research note published on Thursday morning, MarketBeat Ratings reports. The brokerage issued an in-line rating and a $68.00 price objective on the stock.

ELF has been the subject of several other research reports. Citigroup boosted their target price on shares of e.l.f. Beauty from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Zacks Research raised shares of e.l.f. Beauty from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of e.l.f. Beauty from $95.00 to $68.00 and set a “hold” rating for the company in a report on Monday. TD Cowen reduced their price objective on shares of e.l.f. Beauty from $110.00 to $100.00 and set a “buy” rating on the stock in a research note on Monday, February 9th. Finally, Jefferies Financial Group assumed coverage on shares of e.l.f. Beauty in a research report on Wednesday, January 14th. They set a “buy” rating and a $110.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, e.l.f. Beauty has an average rating of “Moderate Buy” and a consensus target price of $117.19.

e.l.f. Beauty Price Performance

ELF stock opened at $61.16 on Thursday. The stock’s 50 day moving average price is $79.25 and its 200 day moving average price is $93.29. The firm has a market cap of $3.61 billion, a P/E ratio of 34.55, a PEG ratio of 3.83 and a beta of 1.83. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.89 and a current ratio of 2.76. e.l.f. Beauty has a 1 year low of $49.40 and a 1 year high of $150.99.

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

Insider Buying and Selling

In other e.l.f. Beauty news, CEO Tarang Amin sold 52,880 shares of e.l.f. Beauty stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $62.64, for a total value of $3,312,403.20. Following the completion of the sale, the chief executive officer owned 98,416 shares in the company, valued at $6,164,778.24. The trade was a 34.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.90% of the stock is owned by company insiders.

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

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in e.l.f. Beauty by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 5,487,304 shares of the company’s stock worth $417,255,000 after purchasing an additional 140,258 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of e.l.f. Beauty by 47.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,197,319 shares of the company’s stock valued at $167,086,000 after purchasing an additional 711,540 shares during the last quarter. State Street Corp boosted its holdings in shares of e.l.f. Beauty by 0.8% in the 4th quarter. State Street Corp now owns 1,737,181 shares of the company’s stock valued at $132,095,000 after purchasing an additional 13,231 shares during the last quarter. Swedbank AB grew its stake in shares of e.l.f. Beauty by 97.0% during the 4th 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 period. Finally, Ensign Peak Advisors Inc increased its holdings in shares of e.l.f. Beauty by 37.7% during the 4th quarter. Ensign Peak Advisors Inc now owns 1,319,523 shares of the company’s stock worth $100,337,000 after buying an additional 361,371 shares during the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

About e.l.f. Beauty

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.