e.l.f. Beauty’s (ELF) Buy Rating Reiterated at B. Riley Financial

B. Riley Financial reissued their buy rating on shares of e.l.f. Beauty (NYSE:ELF) in a research note issued to investors on Wednesday morning,Benzinga reports. B. Riley Financial currently has a $115.00 price objective on the stock, up from their previous price objective of $100.00.

Several other equities analysts have also commented on the stock. Weiss Ratings raised shares of e.l.f. Beauty from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, July 30th. Citigroup raised their price target on shares of e.l.f. Beauty from $100.00 to $118.00 and gave the stock a “buy” rating in a report on Monday. Zacks Research downgraded shares of e.l.f. Beauty from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 10th. Piper Sandler boosted their price objective on shares of e.l.f. Beauty from $50.00 to $65.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Finally, Canaccord Genuity Group upped their target price on e.l.f. Beauty from $110.00 to $123.00 and gave the company a “buy” rating in a research report on Thursday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $97.12.

e.l.f. Beauty Stock Up 3.4%

Shares of e.l.f. Beauty stock opened at $96.49 on Wednesday. The firm’s 50 day moving average price is $92.56 and its 200-day moving average price is $74.63. 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 52-week low of $48.82 and a 52-week high of $147.75. The company has a market cap of $5.69 billion, a P/E ratio of 96.49, a PEG ratio of 2.64 and a beta of 1.60.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Wednesday, August 5th. The company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $1.04. e.l.f. Beauty had a return on equity of 14.07% and a net margin of 3.38%.The company had revenue of $479.37 million for the quarter, compared to analyst estimates of $431.20 million. During the same period in the prior year, the company posted $0.89 EPS. The firm’s quarterly revenue 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. On average, sell-side analysts predict that e.l.f. Beauty will post 2.64 EPS for the current fiscal year.

Insider Transactions at e.l.f. Beauty

In related news, insider Mandy J. Fields sold 16,065 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $104.52, for a total transaction of $1,679,113.80. Following the sale, the insider directly owned 90,896 shares of the company’s stock, valued at $9,500,449.92. This trade represents a 15.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Joshua Franks sold 5,512 shares of e.l.f. Beauty stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $110.00, for a total value of $606,320.00. Following the transaction, the senior vice president owned 138,797 shares of the company’s stock, valued at approximately $15,267,670. This represents a 3.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 116,223 shares of company stock valued at $10,000,410. 3.50% of the stock is owned by insiders.

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

Several institutional investors have recently made changes to their positions in the company. Hilton Head Capital Partners LLC acquired a new stake in e.l.f. Beauty during the fourth quarter valued at $32,000. Continuum Advisory LLC acquired a new position in shares of e.l.f. Beauty in the second quarter worth about $31,000. State of Wyoming acquired a new position in shares of e.l.f. Beauty in the second quarter worth about $40,000. EverSource Wealth Advisors LLC boosted its stake in shares of e.l.f. Beauty by 378.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 713 shares of the company’s stock worth $43,000 after acquiring an additional 564 shares in the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of e.l.f. Beauty during the 2nd quarter worth about $56,000. 92.44% of the stock is owned by hedge funds and other institutional investors.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc develops, markets and sells cosmetics, skin care and beauty products. Its portfolio includes e.l.f. Cosmetics, which offers makeup, skin care, tools and accessories, as well as brands such as Naturium, W3LL PEOPLE and Keys Soulcare. The company positions its products as accessible and affordable alternatives across a range of beauty categories.

Founded in 2004, e.l.f. Beauty distributes its products through mass retailers, specialty beauty stores, direct-to-consumer websites and other digital channels.