Raymond James Financial Issues Positive Forecast for e.l.f. Beauty (NYSE:ELF) Stock Price

e.l.f. Beauty (NYSE:ELF) had its target price lifted by Raymond James Financial from $100.00 to $117.00 in a report released on Thursday, Benzinga reports. The firm presently has a “strong-buy” rating on the stock. Raymond James Financial’s price objective would indicate a potential upside of 13.80% from the company’s previous close.

ELF has been the topic of a number of other research reports. UBS Group upped their price target on shares of e.l.f. Beauty from $80.00 to $89.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Sanford C. Bernstein boosted their target price on shares of e.l.f. Beauty from $121.00 to $127.00 and gave the stock an “outperform” rating in a report on Thursday, September 17th. JPMorgan Chase & Co. decreased their target price on shares of e.l.f. Beauty from $111.00 to $106.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 19th. TD Cowen increased their price target on shares of e.l.f. Beauty from $85.00 to $110.00 and gave the company a “buy” rating in a report on Monday, August 10th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $64.00 price target on shares of e.l.f. Beauty in a research report on Tuesday, June 16th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, e.l.f. Beauty currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.00.

e.l.f. Beauty Price Performance

Shares of NYSE ELF traded up $1.84 during midday trading on Thursday, reaching $102.81. The stock had a trading volume of 570,384 shares, compared to its average volume of 2,610,535. The company has a market capitalization of $6.07 billion, a price-to-earnings ratio of 102.97, a price-to-earnings-growth ratio of 2.88 and a beta of 1.60. e.l.f. Beauty has a 12-month low of $48.82 and a 12-month high of $147.75. The stock has a 50-day moving average of $96.52 and a 200-day moving average of $75.78. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.82 and a current ratio of 2.55.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.75 earnings per share for the quarter, topping 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 business had revenue of $479.37 million during the quarter, compared to the consensus estimate of $431.20 million. During the same period in the prior year, the company posted $0.89 EPS. The firm’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. As a group, research analysts anticipate that e.l.f. Beauty will post 2.64 EPS for the current fiscal year.

Insider Activity

In other news, Director Lauren Levitan sold 1,034 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $93.15, for a total transaction of $96,317.10. Following the completion of the sale, the director owned 10,516 shares in the company, valued at approximately $979,565.40. This represents a 8.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Mandy J. Fields sold 16,065 shares of e.l.f. Beauty stock in a transaction that occurred on 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 completion of the sale, the insider 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 disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 40,702 shares of company stock valued at $4,047,018. Corporate insiders own 3.50% of the company’s stock.

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

Institutional investors have recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of e.l.f. Beauty during the 2nd quarter worth about $428,262,000. State Street Corp boosted its position in e.l.f. Beauty by 4.2% during the second 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 in the last quarter. Primecap Management Co. CA acquired a new stake in e.l.f. Beauty in the second quarter valued at approximately $78,202,000. Geode Capital Management LLC grew its holdings in e.l.f. Beauty by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 1,040,518 shares of the company’s stock valued at $79,138,000 after purchasing an additional 21,016 shares during the period. Finally, Capital World Investors grew its holdings in e.l.f. Beauty by 40.4% in the fourth quarter. Capital World Investors now owns 929,632 shares of the company’s stock valued at $70,689,000 after purchasing an additional 267,696 shares during the period. 92.44% of the stock is owned by hedge funds and other institutional investors.

About e.l.f. Beauty

e.l.f. Beauty, Inc is a cosmetics and skin-care company that develops, markets and sells beauty products through mass retailers, specialty beauty stores, e-commerce platforms and its own websites. Its portfolio includes makeup, skin-care, body-care and related beauty products designed to offer accessible pricing and broad consumer appeal.

The company’s principal brand is e.l.f. Cosmetics, which offers products such as complexion makeup, eye cosmetics, lip products, brushes and skin-care items.