Analysts Set e.l.f. Beauty (NYSE:ELF) Price Target at $123.53

Shares of e.l.f. Beauty (NYSE:ELF) have been assigned an average rating of “Moderate Buy” from the eighteen analysts that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $123.5333.

ELF has been the topic of a number of recent research reports. B. Riley boosted their price objective on e.l.f. Beauty from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, September 10th. Wall Street Zen upgraded e.l.f. Beauty from a “sell” rating to a “hold” rating in a report on Wednesday. Raymond James Financial boosted their price target on e.l.f. Beauty from $155.00 to $165.00 and gave the stock a “strong-buy” rating in a research report on Monday, October 20th. The Goldman Sachs Group lowered their price objective on shares of e.l.f. Beauty from $155.00 to $135.00 and set a “buy” rating for the company in a research report on Friday, November 7th. Finally, Cowen reiterated a “buy” rating on shares of e.l.f. Beauty in a research note on Wednesday, November 12th.

e.l.f. Beauty Trading Up 3.0%

Shares of ELF stock opened at $79.16 on Friday. The stock has a market cap of $4.72 billion, a price-to-earnings ratio of 55.74, a price-to-earnings-growth ratio of 7.50 and a beta of 1.73. The company has a quick ratio of 1.76, a current ratio of 2.70 and a debt-to-equity ratio of 0.73. e.l.f. Beauty has a fifty-two week low of $49.40 and a fifty-two week high of $150.99. The firm’s 50 day moving average price is $82.06 and its two-hundred day moving average price is $110.31.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.11. The company had revenue of $343.94 million during the quarter, compared to analyst estimates of $367.89 million. e.l.f. Beauty had a net margin of 5.90% and a return on equity of 13.77%. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.77 earnings per share. e.l.f. Beauty has set its FY 2026 guidance at 2.800-2.850 EPS. On average, analysts anticipate that e.l.f. Beauty will post 2.38 EPS for the current year.

Hedge Funds Weigh In On e.l.f. Beauty

A number of institutional investors have recently added to or reduced their stakes in ELF. Marshall Wace LLP purchased a new position in e.l.f. Beauty in the second quarter valued at about $118,058,000. Atreides Management LP acquired a new position in shares of e.l.f. Beauty in the 2nd quarter valued at approximately $61,479,000. Man Group plc purchased a new position in shares of e.l.f. Beauty during the 2nd quarter valued at approximately $52,316,000. Woodline Partners LP acquired a new stake in shares of e.l.f. Beauty during the third quarter worth approximately $52,613,000. Finally, Swedbank AB grew its position in shares of e.l.f. Beauty by 42.6% during the first quarter. Swedbank AB now owns 1,157,760 shares of the company’s stock worth $72,696,000 after buying an additional 345,760 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

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.