e.l.f. Beauty (NYSE:ELF) Stock Gets Price Target Bump from UBS Group

e.l.f. Beauty (NYSE:ELF) had its price target boosted by equities research analysts at UBS Group from $116.00 to $129.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group‘s target price indicates a potential upside of 11.00% from the stock’s previous close.

A number of other analysts also recently issued reports on the stock. Robert W. Baird lifted their price objective on shares of e.l.f. Beauty from $105.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, October 7th. Morgan Stanley upped their price objective on e.l.f. Beauty from $90.00 to $103.00 and gave the stock an “equal weight” rating in a report on Thursday, October 15th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $132.00 target price on shares of e.l.f. Beauty in a report on Thursday. Piper Sandler boosted their target price on e.l.f. Beauty from $100.00 to $110.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of e.l.f. Beauty in a research note on Wednesday, October 28th. Three investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $117.50.

e.l.f. Beauty Price Performance

ELF traded up $6.37 during trading on Thursday, reaching $116.22. 2,277,184 shares of the company were exchanged, compared to its average volume of 1,208,932. The company’s 50-day moving average is $106.27 and its two-hundred day moving average is $82.18. The company has a market cap of $6.86 billion, a price-to-earnings ratio of 80.15, a P/E/G ratio of 2.91 and a beta of 1.61. The company has a quick ratio of 1.82, a current ratio of 2.55 and a debt-to-equity ratio of 0.69. e.l.f. Beauty has a 12-month low of $48.82 and a 12-month high of $123.13.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Wednesday, November 4th. The company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.61. e.l.f. Beauty had a return on equity of 14.07% and a net margin of 3.38%. The business had revenue of $520.82 million during the quarter, compared to analyst estimates of $473.51 million. During the same quarter in the previous year, the firm earned $0.68 EPS. The company’s quarterly revenue was up 51.4% compared to the same quarter last year. Research analysts forecast that e.l.f. Beauty will post 2.69 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Joshua Franks sold 7,926 shares of the company’s stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $110.15, for a total value of $873,048.90. Following the sale, the senior vice president directly owned 119,005 shares of the company’s stock, valued at $13,108,400.75. This represents a 6.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mandy Fields sold 16,065 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $104.52, for a total value of $1,679,113.80. Following the transaction, the insider directly owned 90,896 shares of the company’s stock, valued at approximately $9,500,449.92. This trade represents a 15.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 91,821 shares of company stock worth $9,624,513. Insiders own 3.50% of the company’s stock.

Institutional Trading of e.l.f. Beauty

A number of institutional investors and hedge funds have recently modified their holdings of ELF. BlackRock Inc. purchased a new position in e.l.f. Beauty in the second quarter worth about $428,262,000. State Street Corp lifted its stake in shares of e.l.f. Beauty by 4.2% in the 2nd quarter. State Street Corp now owns 1,874,997 shares of the company’s stock worth $138,647,000 after purchasing an additional 75,842 shares during the period. Primecap Management Co. CA purchased a new position in shares of e.l.f. Beauty in the second quarter worth approximately $78,202,000. Prime Capital Management Co Ltd bought a new stake in e.l.f. Beauty during the second quarter valued at approximately $44,736,000. Finally, Bank of America Corp DE increased its holdings in e.l.f. Beauty by 45.9% during the first quarter. Bank of America Corp DE now owns 418,431 shares of the company’s stock valued at $25,361,000 after buying an additional 131,572 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty News Roundup

Here are the key news stories impacting e.l.f. Beauty this week:

• Positive Sentiment: Fiscal Q2 revenue rose 51.4% year over year to $520.8 million, while adjusted earnings of $1.21 per share substantially exceeded analyst expectations. The company also raised its FY2027 outlook, signaling confidence in continued growth. Article: e.l.f. Beauty Glows Up
• Positive Sentiment: The company extended its run to 31 consecutive quarters of net-sales growth. Management attributed performance to product innovation, while CEO comments that all its brands are growing reinforce the breadth of its momentum. Article: E.l.f. Beauty growth driven by innovation, not just pricing power Article: E.l.f. CEO: All of Our Brands Are Growing
• Positive Sentiment: Several firms raised their price targets after the results: Citigroup to $139 and JPMorgan to $135, both with bullish ratings, while UBS raised its target to $129 but kept a neutral rating. Citigroup rating information JPMorgan rating information UBS rating information
• Neutral Sentiment: e.l.f. is partnering with Palm Tree Crew for a multi-day Art Basel Miami activation, offering brand exposure but with no disclosed financial impact. Article: The Palm Tree Club & Hotel Miami is Turning into Hote.l.f
• Negative Sentiment: Piper Sandler raised its price target to $110 but maintained a neutral rating; that target remains below the stock’s recent trading level, suggesting some analysts see limited near-term upside. Piper Sandler rating information

About e.l.f. Beauty

e.l.f. Beauty, Inc is a cosmetics and skincare company that develops, markets and sells beauty products under a portfolio of brands. Its offerings include makeup, skin care, hair care and other personal-care products designed to provide accessible, trend-focused beauty options across a range of categories.

The company’s portfolio includes e.l.f. Cosmetics, Well People, Keys Soulcare and Naturium. Its products are sold through mass retailers, specialty beauty stores, e-commerce platforms and the brands’ direct-to-consumer websites.