e.l.f. Beauty (NYSE:ELF) Given New $137.00 Price Target at JPMorgan Chase & Co.

e.l.f. Beauty (NYSE:ELF) had its price objective lowered by JPMorgan Chase & Co. from $168.00 to $137.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 78.50% from the company’s previous close.

A number of other research firms have also commented on ELF. Piper Sandler lowered e.l.f. Beauty from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $150.00 to $100.00 in a research note on Thursday. Morgan Stanley set a $121.00 price objective on e.l.f. Beauty in a research note on Thursday. Deutsche Bank Aktiengesellschaft lowered e.l.f. Beauty from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $121.00 to $128.00 in a research note on Tuesday, September 2nd. Robert W. Baird reduced their price objective on e.l.f. Beauty from $145.00 to $125.00 and set an “outperform” rating on the stock in a research note on Thursday. Finally, UBS Group reduced their price objective on e.l.f. Beauty from $150.00 to $105.00 and set a “neutral” rating on the stock in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $128.13.

e.l.f. Beauty Price Performance

NYSE:ELF traded down $41.08 during trading hours on Thursday, reaching $76.75. The company had a trading volume of 19,323,369 shares, compared to its average volume of 2,505,111. The stock has a 50-day moving average of $132.52 and a two-hundred day moving average of $114.17. e.l.f. Beauty has a one year low of $49.40 and a one year high of $150.99. The firm has a market capitalization of $4.55 billion, a PE ratio of 45.15, a PEG ratio of 2.75 and a beta of 1.61. The company has a quick ratio of 2.34, a current ratio of 3.26 and a debt-to-equity ratio of 0.32.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.11. The company had revenue of $343.94 million for the quarter, compared to analyst estimates of $367.89 million. e.l.f. Beauty had a return on equity of 16.36% and a net margin of 7.29%.The business’s revenue was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.77 earnings per share. e.l.f. Beauty has set its FY 2026 guidance at 2.800-2.850 EPS. Analysts forecast that e.l.f. Beauty will post 2.38 earnings per share for the current year.

Insider Buying and Selling at e.l.f. Beauty

In other news, insider Mandy J. Fields sold 55,692 shares of the company’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $136.28, for a total transaction of $7,589,705.76. Following the transaction, the insider owned 64,154 shares of the company’s stock, valued at $8,742,907.12. This represents a 46.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Tarang Amin sold 116,315 shares of the company’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $132.24, for a total value of $15,381,495.60. Following the transaction, the chief executive officer directly owned 81,818 shares in the company, valued at $10,819,612.32. This trade represents a 58.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 301,060 shares of company stock valued at $40,994,733 over the last ninety days. Company insiders own 3.90% of the company’s stock.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ELF. Champlain Investment Partners LLC increased its holdings in shares of e.l.f. Beauty by 19.7% in the first quarter. Champlain Investment Partners LLC now owns 2,665,026 shares of the company’s stock worth $167,337,000 after acquiring an additional 438,575 shares in the last quarter. Swedbank AB grew its holdings in shares of e.l.f. Beauty by 42.6% during the first quarter. Swedbank AB now owns 1,157,760 shares of the company’s stock worth $72,696,000 after buying an additional 345,760 shares in the last quarter. Mackenzie Financial Corp grew its holdings in shares of e.l.f. Beauty by 11.0% during the second quarter. Mackenzie Financial Corp now owns 957,941 shares of the company’s stock worth $119,206,000 after buying an additional 95,270 shares in the last quarter. Congress Asset Management Co. grew its holdings in shares of e.l.f. Beauty by 1.3% during the second quarter. Congress Asset Management Co. now owns 951,309 shares of the company’s stock worth $118,381,000 after buying an additional 12,339 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in shares of e.l.f. Beauty during the second quarter worth about $118,058,000. Institutional investors own 92.44% of the company’s stock.

About e.l.f. Beauty

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.