TD Cowen Issues Positive Forecast for e.l.f. Beauty (NYSE:ELF) Stock Price

e.l.f. Beauty (NYSE:ELF) had its price objective hoisted by TD Cowen from $85.00 to $110.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. TD Cowen’s target price would indicate a potential upside of 14.42% from the stock’s current price.

A number of other equities analysts also recently weighed in on ELF. The Goldman Sachs Group set a $100.00 price target on shares of e.l.f. Beauty in a research note on Thursday. Weiss Ratings raised e.l.f. Beauty from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, July 30th. Jefferies Financial Group boosted their price target on e.l.f. Beauty from $72.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. Raymond James Financial raised their price objective on e.l.f. Beauty from $85.00 to $87.00 and gave the stock a “strong-buy” rating in a report on Tuesday, July 14th. Finally, Canaccord Genuity Group boosted their target price on e.l.f. Beauty from $90.00 to $97.00 and gave the stock a “buy” rating in a report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.81.

e.l.f. Beauty Trading Down 2.4%

NYSE ELF traded down $2.35 during trading hours on Monday, hitting $96.14. 989,333 shares of the company’s stock were exchanged, compared to its average volume of 2,865,524. The business’s 50 day moving average is $71.37 and its 200-day moving average is $71.61. e.l.f. Beauty has a 12-month low of $48.82 and a 12-month high of $150.99. The firm has a market capitalization of $5.67 billion, a P/E ratio of 96.14, a price-to-earnings-growth ratio of 3.34 and a beta of 1.58. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.82 and a current ratio of 2.55.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.75 EPS for the quarter, beating the consensus estimate of $0.71 by $1.04. e.l.f. Beauty had a return on equity of 14.07% and a net margin of 3.38%.The company had revenue of $479.37 million during the quarter, compared to analysts’ expectations of $431.20 million. During the same quarter in the previous year, the business earned $0.89 EPS. The firm’s revenue was up 35.5% on a year-over-year basis. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. As a group, analysts anticipate that e.l.f. Beauty will post 2.42 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Tarang Amin sold 50,164 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $78.24, for a total transaction of $3,924,831.36. Following the sale, the chief executive officer directly owned 110,496 shares in the company, valued at approximately $8,645,207.04. This trade represents a 31.22% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Kory Marchisotto sold 12,173 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $88.02, for a total value of $1,071,467.46. Following the completion of the transaction, the insider owned 169,695 shares of the company’s stock, valued at approximately $14,936,553.90. This represents a 6.69% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 134,028 shares of company stock valued at $9,422,961. Company insiders own 3.50% of the company’s stock.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ELF. BlackRock Inc. purchased a new stake in shares of e.l.f. Beauty during the second quarter worth about $428,262,000. Vanguard Group Inc. grew its stake in e.l.f. Beauty by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 5,487,304 shares of the company’s stock valued at $417,255,000 after purchasing an additional 140,258 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in e.l.f. Beauty by 47.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,197,319 shares of the company’s stock worth $167,086,000 after purchasing an additional 711,540 shares during the last quarter. State Street Corp raised its position in shares of e.l.f. Beauty by 0.8% in the 4th quarter. State Street Corp now owns 1,737,181 shares of the company’s stock valued at $132,095,000 after purchasing an additional 13,231 shares in the last quarter. Finally, Swedbank AB boosted its stake in shares of e.l.f. Beauty by 97.0% during the 4th quarter. Swedbank AB now owns 1,364,801 shares of the company’s stock valued at $103,779,000 after buying an additional 672,071 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Company Profile

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.