e.l.f. Beauty (NYSE:ELF) Price Target Raised to $94.00

e.l.f. Beauty (NYSE:ELF) had its target price boosted by JPMorgan Chase & Co. from $80.00 to $94.00 in a research report report published on Thursday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other brokerages have also weighed in on ELF. Piper Sandler restated a “neutral” rating on shares of e.l.f. Beauty in a research report on Friday, June 12th. B. Riley Financial dropped their price target on e.l.f. Beauty from $130.00 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, May 26th. Jefferies Financial Group cut their price objective on e.l.f. Beauty from $85.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Canaccord Genuity Group reduced their price objective on e.l.f. Beauty from $100.00 to $90.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Finally, Sanford C. Bernstein initiated coverage on e.l.f. Beauty in a research report on Thursday, June 11th. They set a “market perform” rating and a $60.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $81.31.

e.l.f. Beauty Stock Down 1.0%

ELF stock opened at $73.72 on Thursday. The stock has a market capitalization of $4.35 billion, a P/E ratio of 160.27, a price-to-earnings-growth ratio of 2.87 and a beta of 1.59. The company has a current ratio of 2.35, a quick ratio of 1.69 and a debt-to-equity ratio of 0.72. e.l.f. Beauty has a 12 month low of $48.82 and a 12 month high of $150.99. The firm has a 50-day moving average price of $62.63 and a 200-day moving average price of $71.62.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Wednesday, May 20th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 1.61% and a return on equity of 11.02%. The firm’s revenue was up 35.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.78 EPS. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. As a group, equities research analysts anticipate that e.l.f. Beauty will post 2.42 EPS for the current fiscal year.

Insider Activity

In related news, insider Kory Marchisotto sold 23,796 shares of the business’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $63.66, for a total value of $1,514,853.36. Following the sale, the insider owned 152,417 shares of the company’s stock, valued at $9,702,866.22. The trade was a 13.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Scott Milsten sold 23,797 shares of the stock in a transaction on Monday, April 27th. The shares were sold at an average price of $63.66, for a total value of $1,514,917.02. Following the completion of the sale, the insider owned 114,940 shares of the company’s stock, valued at $7,317,080.40. The trade was a 17.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 278,988 shares of company stock valued at $18,354,580. 3.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets lifted its stake in shares of e.l.f. Beauty by 3,131.7% in the fourth quarter. BNP Paribas Financial Markets now owns 924,902 shares of the company’s stock worth $70,330,000 after acquiring an additional 896,282 shares during the period. Vanguard Group Inc. boosted its holdings in e.l.f. Beauty by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 5,487,304 shares of the company’s stock valued at $417,255,000 after acquiring an additional 140,258 shares during the last quarter. Norges Bank acquired a new stake in e.l.f. Beauty during the 4th quarter valued at approximately $38,895,000. SG Americas Securities LLC increased its position in e.l.f. Beauty by 1,967.8% during the 4th quarter. SG Americas Securities LLC now owns 155,253 shares of the company’s stock valued at $11,805,000 after purchasing an additional 147,745 shares during the period. Finally, Jacobson & Schmitt Advisors LLC raised its holdings in e.l.f. Beauty by 34.5% during 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. 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.