e.l.f. Beauty (NYSE:ELF) Receives Consensus Rating of “Moderate Buy” from Brokerages

e.l.f. Beauty (NYSE:ELF) has received an average rating of “Moderate Buy” from the eighteen ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, ten have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $82.75.

A number of equities research analysts have recently issued reports on ELF shares. Piper Sandler cut their target price on e.l.f. Beauty from $60.00 to $50.00 and set a “neutral” rating on the stock in a research report on Thursday, May 21st. Bank of America cut their target price on e.l.f. Beauty from $93.00 to $85.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Raymond James Financial reissued a “strong-buy” rating and set a $85.00 price target on shares of e.l.f. Beauty in a research report on Thursday, May 21st. Morgan Stanley dropped their price target on e.l.f. Beauty from $67.00 to $59.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 21st. Finally, Robert W. Baird dropped their price target on e.l.f. Beauty from $115.00 to $90.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 28th.

Insider Activity

In related news, insider Mandy J. Fields sold 23,656 shares of the company’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $63.66, for a total transaction of $1,505,940.96. Following the transaction, the insider directly owned 77,437 shares of the company’s stock, valued at approximately $4,929,639.42. The trade was a 23.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tarang Amin sold 52,880 shares of the company’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $62.64, for a total value of $3,312,403.20. Following the transaction, the chief executive officer directly owned 98,416 shares in the company, valued at $6,164,778.24. The trade was a 34.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 210,013 shares of company stock valued at $13,315,490 in the last ninety days. Corporate insiders own 3.90% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ELF. Vanguard Group Inc. increased its position 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 worth $417,255,000 after purchasing an additional 140,258 shares during the last quarter. BNP Paribas Financial Markets increased its position in e.l.f. Beauty by 3,131.7% in the 4th quarter. BNP Paribas Financial Markets now owns 924,902 shares of the company’s stock worth $70,330,000 after purchasing an additional 896,282 shares during the last quarter. SG Americas Securities LLC increased its position in e.l.f. Beauty by 1,967.8% in the 4th quarter. SG Americas Securities LLC now owns 155,253 shares of the company’s stock worth $11,805,000 after purchasing an additional 147,745 shares during the last quarter. Jacobson & Schmitt Advisors LLC increased its position in e.l.f. Beauty by 34.5% in the 4th quarter. Jacobson & Schmitt Advisors LLC now owns 188,924 shares of the company’s stock worth $14,366,000 after purchasing an additional 48,504 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in e.l.f. Beauty by 138,082.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 276,364 shares of the company’s stock worth $21,015,000 after purchasing an additional 276,164 shares during the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

e.l.f. Beauty Stock Down 2.9%

Shares of e.l.f. Beauty stock opened at $51.92 on Wednesday. The stock’s fifty day moving average is $61.41 and its 200-day moving average is $73.98. The firm has a market capitalization of $3.09 billion, a PE ratio of 112.87, a price-to-earnings-growth ratio of 2.20 and a beta of 1.63. The company has a quick ratio of 1.69, a current ratio of 2.35 and a debt-to-equity ratio of 0.72. e.l.f. Beauty has a 12-month low of $49.72 and a 12-month high of $150.99.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Wednesday, May 20th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. The company had revenue of $449.29 million for the quarter, compared to analyst estimates of $423.06 million. e.l.f. Beauty had a return on equity of 11.02% and a net margin of 1.61%.e.l.f. Beauty’s revenue for the quarter was up 35.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.78 earnings per share. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. Equities analysts anticipate that e.l.f. Beauty will post 2.41 earnings per share for the current year.

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.