e.l.f. Beauty (NYSE:ELF) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen lowered shares of e.l.f. Beauty (NYSE:ELF) from a buy rating to a hold rating in a research note issued to investors on Sunday morning,Wall Street Zen reports.

ELF has been the topic of several other research reports. Morgan Stanley increased their target price on e.l.f. Beauty from $90.00 to $103.00 and gave the company an “equal weight” rating in a research report on Thursday, October 15th. Sanford C. Bernstein lifted their price target on e.l.f. Beauty from $121.00 to $127.00 and gave the company an “outperform” rating in a report on Thursday, September 17th. Raymond James Financial reissued a “strong-buy” rating and issued a $132.00 price target on shares of e.l.f. Beauty in a research report on Thursday. Canaccord Genuity Group upped their price objective on e.l.f. Beauty from $123.00 to $137.00 and gave the stock a “buy” rating in a research note on Thursday, October 22nd. Finally, UBS Group raised their price objective on e.l.f. Beauty from $116.00 to $129.00 and gave the company a “neutral” rating in a research report on Thursday. Three research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $117.50.

e.l.f. Beauty Price Performance

Shares of ELF opened at $116.22 on Friday. The company has a 50 day moving average price of $106.27 and a 200-day moving average price of $82.18. e.l.f. Beauty has a fifty-two week low of $48.82 and a fifty-two week high of $123.13. The stock has a market capitalization of $6.87 billion, a PE ratio of 80.15, a PEG ratio of 3.07 and a beta of 1.60. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.89 and a current ratio of 2.57.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Wednesday, November 4th. The company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.61. The firm had revenue of $520.82 million for the quarter, compared to the consensus estimate of $473.51 million. e.l.f. Beauty had a net margin of 4.47% and a return on equity of 16.40%. The company’s quarterly revenue was up 51.4% on a year-over-year basis. During the same period last year, the firm earned $0.68 earnings per share. Equities analysts predict that e.l.f. Beauty will post 2.72 earnings per share for the current fiscal year.

Insider Activity

In other e.l.f. Beauty news, 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 completion of the sale, the insider directly owned 90,896 shares in the company, valued at $9,500,449.92. This trade represents a 15.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Joshua Franks sold 7,926 shares of e.l.f. Beauty stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $110.15, for a total transaction of $873,048.90. Following the completion of the transaction, the senior vice president directly owned 119,005 shares in the company, valued at $13,108,400.75. This represents a 6.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 91,821 shares of company stock worth $9,624,513. 3.50% of the stock is currently owned by insiders.

Institutional Trading of e.l.f. Beauty

Several hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in shares of e.l.f. Beauty during the second quarter valued at $428,262,000. Primecap Management Co. CA acquired a new position in shares of e.l.f. Beauty in the 2nd quarter valued at $78,202,000. Prime Capital Management Co Ltd acquired a new position in shares of e.l.f. Beauty in the 2nd quarter valued at $44,736,000. Bank of New York Mellon Corp acquired a new position in shares of e.l.f. Beauty in the 2nd quarter valued at $23,624,000. Finally, Bank of America Corp DE increased its position in shares of e.l.f. Beauty by 45.9% in the 1st quarter. Bank of America Corp DE now owns 418,431 shares of the company’s stock valued at $25,361,000 after acquiring an additional 131,572 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty News Summary

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 beauty company that develops, markets and sells cosmetics and skin-care products. Its portfolio includes e.l.f. Cosmetics and e.l.f. SKIN, as well as brands such as Naturium, Well People and Keys Soulcare. Products include makeup, skin-care treatments and related beauty items.

Founded in 2004, the company sells through its own websites and retail partners, including mass-market and specialty beauty stores. Its products are available in the United States and international markets.

Tarang Amin has served as e.l.f.