e.l.f. Beauty (NYSE:ELF) Short Interest Down 21.5% in January

e.l.f. Beauty (NYSE:ELF) was the recipient of a large drop in short interest in January. As of January 30th, there was short interest totaling 6,237,026 shares, a drop of 21.5% from the January 15th total of 7,946,819 shares. Currently, 11.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,719,918 shares, the days-to-cover ratio is currently 3.6 days. Based on an average daily trading volume, of 1,719,918 shares, the days-to-cover ratio is currently 3.6 days. Currently, 11.0% of the shares of the stock are sold short.

e.l.f. Beauty Trading Up 9.7%

e.l.f. Beauty stock traded up $7.22 during trading hours on Monday, reaching $81.55. The stock had a trading volume of 2,935,274 shares, compared to its average volume of 2,335,674. The company has a fifty day simple moving average of $82.10 and a 200-day simple moving average of $103.21. e.l.f. Beauty has a 52 week low of $49.40 and a 52 week high of $150.99. The stock has a market cap of $4.82 billion, a PE ratio of 46.07, a PEG ratio of 6.83 and a beta of 1.71. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.76 and a quick ratio of 1.89.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Granite Investment Partners LLC acquired a new stake in e.l.f. Beauty during the second quarter valued at approximately $20,778,000. EFG Asset Management North America Corp. grew its stake in e.l.f. Beauty by 69.6% during the 2nd quarter. EFG Asset Management North America Corp. now owns 35,304 shares of the company’s stock valued at $4,396,000 after acquiring an additional 14,492 shares in the last quarter. Tran Capital Management L.P. purchased a new stake in e.l.f. Beauty in the 3rd quarter worth approximately $7,436,000. WASHINGTON TRUST Co increased its position in e.l.f. Beauty by 20.6% in the 2nd quarter. WASHINGTON TRUST Co now owns 131,863 shares of the company’s stock worth $16,409,000 after purchasing an additional 22,480 shares during the last quarter. Finally, Mackenzie Financial Corp grew its stake in shares of e.l.f. Beauty by 11.0% in the 2nd quarter. Mackenzie Financial Corp now owns 957,941 shares of the company’s stock valued at $119,206,000 after buying an additional 95,270 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Citigroup increased their target price on e.l.f. Beauty from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. UBS Group upped their target price on e.l.f. Beauty from $98.00 to $102.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th. Zacks Research raised shares of e.l.f. Beauty from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Jefferies Financial Group began coverage on shares of e.l.f. Beauty in a report on Wednesday, January 14th. They issued a “buy” rating and a $110.00 price objective for the company. Finally, Morgan Stanley set a $121.00 price objective on shares of e.l.f. Beauty in a research note on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $119.13.

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.