Robert W. Baird Forecasts Strong Price Appreciation for e.l.f. Beauty (NYSE:ELF) Stock

e.l.f. Beauty (NYSE:ELF) had its price objective boosted by research analysts at Robert W. Baird from $105.00 to $120.00 in a research note issued on Wednesday, MarketBeat.com reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s price objective would indicate a potential upside of 13.24% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the stock. Raymond James Financial raised their price objective on shares of e.l.f. Beauty from $100.00 to $117.00 and gave the stock a “strong-buy” rating in a research note on Thursday, October 1st. UBS Group increased their price target on shares of e.l.f. Beauty from $80.00 to $89.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Weiss Ratings upgraded shares of e.l.f. Beauty from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $64.00 price objective on shares of e.l.f. Beauty in a report on Tuesday, June 16th. Finally, The Goldman Sachs Group set a $100.00 price objective on shares of e.l.f. Beauty in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $99.94.

e.l.f. Beauty Stock Up 0.9%

ELF stock opened at $105.97 on Wednesday. The stock has a market capitalization of $6.25 billion, a price-to-earnings ratio of 105.97, a price-to-earnings-growth ratio of 2.96 and a beta of 1.61. The company has a 50-day moving average of $99.34 and a two-hundred day moving average of $77.10. e.l.f. Beauty has a 52-week low of $48.82 and a 52-week high of $147.00. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.55 and a quick ratio of 1.82.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $1.04. The business had revenue of $479.37 million for the quarter, compared to analyst estimates of $431.20 million. e.l.f. Beauty had a return on equity of 14.07% and a net margin of 3.38%.The firm’s revenue for the quarter was up 35.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.89 earnings per share. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. As a group, equities research analysts anticipate that e.l.f. Beauty will post 2.65 EPS for the current year.

Insider Activity

In other news, CEO Tarang Amin sold 47,000 shares of the stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $103.31, for a total value of $4,855,570.00. Following the completion of the transaction, the chief executive officer owned 134,496 shares in the company, valued at approximately $13,894,781.76. This represents a 25.90% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lauren Levitan sold 1,034 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $93.15, for a total transaction of $96,317.10. Following the completion of the transaction, the director directly owned 10,516 shares of the company’s stock, valued at $979,565.40. This trade represents a 8.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 87,702 shares of company stock valued at $8,902,588. 3.50% of the stock is owned by insiders.

Institutional Trading of e.l.f. Beauty

A number of large investors have recently bought and sold shares of ELF. GAMMA Investing LLC lifted its holdings in shares of e.l.f. Beauty by 46.7% during the third quarter. GAMMA Investing LLC now owns 2,737 shares of the company’s stock valued at $276,000 after acquiring an additional 871 shares during the period. Decision Investments Inc. bought a new stake in shares of e.l.f. Beauty in the 3rd quarter worth about $202,000. Congress Asset Management Co. increased its position in shares of e.l.f. Beauty by 5.7% during the 3rd quarter. Congress Asset Management Co. now owns 299,742 shares of the company’s stock worth $30,265,000 after purchasing an additional 16,055 shares in the last quarter. Cim Investment Management Inc. increased its position in shares of e.l.f. Beauty by 14.5% during the 2nd quarter. Cim Investment Management Inc. now owns 6,914 shares of the company’s stock worth $512,000 after purchasing an additional 874 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in e.l.f. Beauty by 74.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 11,693 shares of the company’s stock valued at $865,000 after purchasing an additional 4,995 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc is a cosmetics and skin-care company that develops, markets and sells beauty products through mass retailers, specialty beauty stores, e-commerce platforms and its own websites. Its portfolio includes makeup, skin-care, body-care and related beauty products designed to offer accessible pricing and broad consumer appeal.

The company’s principal brand is e.l.f. Cosmetics, which offers products such as complexion makeup, eye cosmetics, lip products, brushes and skin-care items.