JPMorgan Chase & Co. Has Lowered Expectations for e.l.f. Beauty (NYSE:ELF) Stock Price

e.l.f. Beauty (NYSE:ELF) had its price target decreased by equities researchers at JPMorgan Chase & Co. from $111.00 to $106.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 5.60% from the stock’s current price.

ELF has been the topic of a number of other research reports. Citigroup boosted their target price on shares of e.l.f. Beauty from $87.00 to $92.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Bank of America dropped their price objective on shares of e.l.f. Beauty from $93.00 to $85.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. The Goldman Sachs Group set a $100.00 price target on e.l.f. Beauty in a research note on Thursday, August 6th. Piper Sandler lifted their price objective on e.l.f. Beauty from $50.00 to $65.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Finally, Morgan Stanley dropped their target price on e.l.f. Beauty from $67.00 to $59.00 and set an “equal weight” rating on the stock in a report on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $91.31.

e.l.f. Beauty Trading Up 8.5%

Shares of NYSE ELF traded up $7.87 during midday trading on Wednesday, hitting $100.38. 2,065,595 shares of the company traded hands, compared to its average volume of 2,823,329. 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 cap of $5.92 billion, a P/E ratio of 100.43, a P/E/G ratio of 2.88 and a beta of 1.58. The stock has a 50-day moving average price of $77.10 and a 200 day moving average price of $71.78. 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 earnings results on Wednesday, August 5th. The company reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $1.04. The firm had revenue of $479.37 million for the quarter, compared to the consensus estimate of $431.20 million. e.l.f. Beauty had a return on equity of 14.07% and a net margin of 3.38%.The business’s revenue for the quarter was up 35.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.89 EPS. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. As a group, analysts expect that e.l.f. Beauty will post 2.61 earnings per share for the current year.

Insider Buying and Selling

In other e.l.f. Beauty news, insider Mandy J. Fields sold 4,327 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $51.53, for a total transaction of $222,970.31. Following the transaction, the insider owned 106,961 shares in the company, valued at approximately $5,511,700.33. This represents a 3.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kory Marchisotto sold 12,173 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $88.02, for a total transaction of $1,071,467.46. Following the sale, the insider directly owned 169,695 shares in the company, valued at approximately $14,936,553.90. The trade was a 6.69% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 134,028 shares of company stock worth $9,422,961 in the last three months. 3.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Migdal Insurance & Financial Holdings Ltd. bought a new stake in e.l.f. Beauty in the 4th quarter worth approximately $26,000. Hilton Head Capital Partners LLC bought a new position in shares of e.l.f. Beauty during the 4th quarter valued at $32,000. EverSource Wealth Advisors LLC lifted its holdings in shares of e.l.f. Beauty by 97.0% during the 2nd 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 period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of 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 worth $39,000 after buying an additional 117 shares during the last quarter. Finally, State of Wyoming purchased a new position in shares of e.l.f. Beauty in the 2nd quarter worth $40,000. 92.44% of the stock is owned by hedge funds and other institutional investors.

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.