e.l.f. Beauty (NYSE:ELF) Given New $97.00 Price Target at Canaccord Genuity Group

e.l.f. Beauty (NYSE:ELF) had its target price upped by Canaccord Genuity Group from $90.00 to $97.00 in a research report report published on Friday, MarketBeat.com reports. They currently have a buy rating on the stock.

Several other equities analysts have also recently commented on ELF. Piper Sandler reissued a “neutral” rating on shares of e.l.f. Beauty in a research note on Friday, June 12th. Bank of America cut their price target on shares of e.l.f. Beauty from $93.00 to $85.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Evercore initiated coverage on e.l.f. Beauty in a research note on Thursday, April 2nd. They set an “inline” rating and a $68.00 price objective for the company. Weiss Ratings raised shares of e.l.f. Beauty from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, June 18th. Finally, Raymond James Financial lifted their target price on e.l.f. Beauty from $85.00 to $87.00 and gave the company a “strong-buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $81.31.

e.l.f. Beauty Trading Down 1.0%

NYSE:ELF opened at $73.72 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.35 and a quick ratio of 1.69. e.l.f. Beauty has a 12 month low of $48.82 and a 12 month high of $150.99. The business’s 50-day moving average is $62.63 and its two-hundred day moving average is $71.62. The firm has a market capitalization of $4.35 billion, a PE ratio of 160.27, a price-to-earnings-growth ratio of 2.90 and a beta of 1.59.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data on Wednesday, May 20th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. e.l.f. Beauty had a net margin of 1.61% and a return on equity of 11.02%. The firm had revenue of $449.29 million for the quarter, compared to the consensus estimate of $423.06 million. During the same period in the prior year, the firm posted $0.78 EPS. The firm’s revenue was up 35.1% compared to the same quarter last year. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. Research analysts predict that e.l.f. Beauty will post 2.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Tarang Amin sold 50,164 shares of the company’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $78.24, for a total value of $3,924,831.36. Following the completion of the sale, the chief executive officer owned 110,496 shares in the company, valued at approximately $8,645,207.04. This represents a 31.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Jennifer Catherine Hartnett sold 25,357 shares of the business’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $80.00, for a total value of $2,028,560.00. Following the transaction, the insider owned 28,699 shares of the company’s stock, valued at $2,295,920. The trade was a 46.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 278,988 shares of company stock worth $18,354,580 over the last ninety days. 3.50% of the stock is owned by insiders.

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

Several large investors have recently modified their holdings of ELF. EverSource Wealth Advisors LLC increased its position in shares of e.l.f. Beauty by 97.0% during 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. grew 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 valued at $39,000 after acquiring an additional 117 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in e.l.f. Beauty during the fourth quarter worth approximately $26,000. Hilton Head Capital Partners LLC bought a new position in shares of e.l.f. Beauty in the fourth quarter valued at about $32,000. Finally, Johnson Financial Group Inc. acquired a new position in shares of e.l.f. Beauty in the third quarter valued at approximately $64,000. 92.44% of the stock is currently owned by institutional investors.

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.