JPMorgan Chase & Co. Issues Positive Forecast for e.l.f. Beauty (NYSE:ELF) Stock Price

e.l.f. Beauty (NYSE:ELF) had its price target lifted by equities research analysts at JPMorgan Chase & Co. from $94.00 to $111.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 20.30% from the company’s current price.

ELF has been the topic of several other reports. Citigroup increased their price target on shares of e.l.f. Beauty from $87.00 to $92.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. B. Riley Financial boosted their target price on shares of e.l.f. Beauty from $70.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday. Sanford C. Bernstein lifted their price target on shares of e.l.f. Beauty from $113.00 to $121.00 and gave the stock an “outperform” rating in a research note on Thursday. UBS Group raised their price target on e.l.f. Beauty from $80.00 to $89.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $64.00 target price on shares of e.l.f. Beauty in a research report on Tuesday, June 16th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.25.

e.l.f. Beauty Stock Up 6.8%

NYSE ELF traded up $5.90 on Thursday, reaching $92.27. The company had a trading volume of 5,694,677 shares, compared to its average volume of 2,867,669. The company has a quick ratio of 1.69, a current ratio of 2.35 and a debt-to-equity ratio of 0.72. The company’s fifty day moving average is $69.81 and its 200 day moving average is $71.54. e.l.f. Beauty has a 52-week low of $48.82 and a 52-week high of $150.99. The stock has a market capitalization of $5.44 billion, a P/E ratio of 200.58, a P/E/G ratio of 3.42 and a beta of 1.58.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Wednesday, August 5th. The company reported $1.75 EPS for the quarter, topping the consensus estimate of $0.71 by $1.04. e.l.f. Beauty had a return on equity of 11.02% and a net margin of 1.61%.During the same quarter in the previous year, the business earned $0.89 earnings per share. The business’s revenue for the quarter was up 35.5% compared to the same quarter last year. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. Sell-side analysts anticipate that e.l.f. Beauty will post 2.42 earnings per share for the current fiscal year.

Insider Activity

In other e.l.f. Beauty news, insider Mandy J. Fields sold 4,327 shares of e.l.f. Beauty stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $51.53, for a total value of $222,970.31. Following the transaction, the insider owned 106,961 shares in the company, valued at approximately $5,511,700.33. The trade was a 3.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Kory Marchisotto sold 12,173 shares of the stock in a transaction on Tuesday, August 4th. The shares were 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 $14,936,553.90. This trade represents a 6.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 134,028 shares of company stock valued at $9,422,961 in the last ninety days. 3.50% of the stock is owned by company insiders.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in ELF. Bank of New York Mellon Corp bought a new position in e.l.f. Beauty during the second quarter valued at approximately $23,624,000. State of Wyoming acquired a new stake in shares of e.l.f. Beauty in the second quarter worth about $40,000. GSA Capital Partners LLP bought a new stake in shares of e.l.f. Beauty during the 2nd quarter worth about $2,889,000. Handelsbanken Fonder AB raised its stake in shares of e.l.f. Beauty by 27.8% in the 2nd quarter. Handelsbanken Fonder AB now owns 21,600 shares of the company’s stock valued at $1,598,000 after acquiring an additional 4,700 shares in the last quarter. Finally, White Wing Wealth Management lifted its holdings in e.l.f. Beauty by 17.2% in the 2nd quarter. White Wing Wealth Management now owns 9,476 shares of the company’s stock worth $701,000 after purchasing an additional 1,391 shares during the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

More e.l.f. Beauty News

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

• Positive Sentiment: Q1 results exceeded expectations: Adjusted earnings were $1.75 per share versus the $0.71 consensus estimate, while revenue rose 35.5% year over year to $479.4 million, above expectations of approximately $431 million. e.l.f. Beauty quarterly earnings report
• Positive Sentiment: Rhode is driving growth: The acquired brand generated about $160 million in quarterly sales, while international revenue increased 61%. Management said Rhode, improving organic trends and global expansion contributed substantially to sales growth. e.l.f. Beauty Q1 earnings beat
• Positive Sentiment: Fiscal 2027 outlook was raised: e.l.f. now expects net sales growth of 18% to 20%, compared with its prior 12% to 14% forecast, implying revenue near the $2 billion milestone. EPS guidance of $3.50 to $3.55 also exceeds the roughly $3.12 analyst consensus. e.l.f. Beauty raises fiscal 2027 outlook
• Positive Sentiment: Analyst support improved: B. Riley raised its price target from $70 to $100 and maintained a buy rating, reinforcing the bullish reaction to the earnings release. B. Riley price target report
• Neutral Sentiment: Tariff refunds boosted profitability: Approximately $50 million of IEEPA tariff refunds helped lift gross margin and nearly double net income. e.l.f. plans to reinvest the refunds, but investors may discount some of the earnings benefit because it is not expected to recur.
• Negative Sentiment: Execution risks remain: Investors continue to watch whether the core e.l.f. brand can regain momentum without relying on Rhode, particularly after earlier price increases affected unit volume. Elevated debt following the Rhode acquisition and substantial recent insider selling may also temper enthusiasm.

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.