e.l.f. Beauty (NYSE:ELF) Trading Down 8.9% – What’s Next?

Shares of e.l.f. Beauty (NYSE:ELF) dropped 8.9% on Monday . The company traded as low as $83.00 and last traded at $83.8330. Approximately 528,809 shares were traded during trading, a decline of 75% from the average daily volume of 2,140,696 shares. The stock had previously closed at $92.05.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ELF shares. Jefferies Financial Group began 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 price objective for the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $92.00 price objective on shares of e.l.f. Beauty in a report on Thursday, January 29th. Robert W. Baird set a $115.00 price target on e.l.f. Beauty in a research note on Thursday, February 5th. Citigroup increased their price objective on e.l.f. Beauty from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Finally, UBS Group raised their target price on e.l.f. Beauty from $98.00 to $102.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $119.13.

e.l.f. Beauty Stock Performance

The company has a current ratio of 2.76, a quick ratio of 1.89 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $4.89 billion, a price-to-earnings ratio of 46.77, a PEG ratio of 7.73 and a beta of 1.71. The stock’s 50 day moving average is $84.51 and its 200 day moving average is $101.93.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its position in shares of e.l.f. Beauty by 97.0% in the second quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company’s stock valued at $32,000 after buying an additional 128 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in 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 last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of e.l.f. Beauty in the fourth quarter valued at $26,000. Whittier Trust Co. of Nevada Inc. increased its stake in e.l.f. Beauty by 29.3% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 384 shares of the company’s stock valued at $52,000 after purchasing an additional 87 shares during the last quarter. Finally, MAI Capital Management lifted its position in e.l.f. Beauty by 129.1% during the second quarter. MAI Capital Management now owns 394 shares of the company’s stock worth $49,000 after buying an additional 222 shares during the period. 92.44% of the stock is currently owned by hedge funds and other 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.