e.l.f. Beauty (NYSE:ELF) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of e.l.f. Beauty (NYSE:ELF) from a hold rating to a buy rating in a research report released on Saturday morning,Wall Street Zen reports.

A number of other analysts have also recently commented on the company. Zacks Research upgraded e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 9th. Canaccord Genuity Group upped their target price on e.l.f. Beauty from $123.00 to $137.00 and gave the company a “buy” rating in a research report on Thursday, October 22nd. B. Riley Financial restated a “buy” rating and set a $115.00 price target (up from $100.00) on shares of e.l.f. Beauty in a research note on Wednesday, September 16th. Jefferies Financial Group lifted their price target on e.l.f. Beauty from $100.00 to $132.00 and gave the stock a “buy” rating in a research report on Monday, October 19th. Finally, Citigroup lifted their price target on e.l.f. Beauty from $118.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, October 14th. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $112.06.

e.l.f. Beauty Stock Performance

Shares of ELF opened at $111.78 on Friday. The stock has a 50 day moving average price of $105.55 and a 200 day moving average price of $81.58. The company has a quick ratio of 1.82, a current ratio of 2.55 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $6.60 billion, a price-to-earnings ratio of 111.78, a price-to-earnings-growth ratio of 2.96 and a beta of 1.61. e.l.f. Beauty has a 52-week low of $48.82 and a 52-week high of $124.99.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $1.75 EPS for the quarter, beating the consensus estimate of $0.71 by $1.04. The company had revenue of $479.37 million for the quarter, compared to analyst estimates of $431.20 million. e.l.f. Beauty had a net margin of 3.38% and a return on equity of 14.07%. The firm’s revenue was up 35.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.89 earnings per share. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. Research analysts predict that e.l.f. Beauty will post 2.70 EPS for the current fiscal year.

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 47,000 shares of the stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $103.31, for a total transaction of $4,855,570.00. Following the completion of the sale, the chief executive officer directly owned 134,496 shares of the company’s stock, valued at approximately $13,894,781.76. This trade represents a 25.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Joshua Franks sold 8,366 shares of the stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $110.01, for a total value of $920,343.66. Following the sale, the senior vice president directly owned 126,931 shares of the company’s stock, valued at $13,963,679.31. The trade was a 6.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 103,994 shares of company stock worth $10,695,981 over the last three months. 3.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of ELF. Trek Financial LLC acquired a new stake in e.l.f. Beauty during the 3rd quarter valued at approximately $8,422,000. Virtue Capital Management LLC acquired a new position in shares of e.l.f. Beauty in the 3rd quarter valued at approximately $1,358,000. Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of e.l.f. Beauty in the 3rd quarter valued at approximately $223,000. ProShare Advisors LLC purchased a new position in shares of e.l.f. Beauty during the 3rd quarter valued at approximately $226,000. Finally, Vise Technologies Inc. purchased a new position in shares of e.l.f. Beauty during the 3rd quarter valued at approximately $709,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

About e.l.f. Beauty

e.l.f. Beauty, Inc is a cosmetics and skincare company that develops, markets and sells beauty products under a portfolio of brands. Its offerings include makeup, skin care, hair care and other personal-care products designed to provide accessible, trend-focused beauty options across a range of categories.

The company’s portfolio includes e.l.f. Cosmetics, Well People, Keys Soulcare and Naturium. Its products are sold through mass retailers, specialty beauty stores, e-commerce platforms and the brands’ direct-to-consumer websites.