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

e.l.f. Beauty (NYSE:ELF) had its price target lifted by Citigroup from $130.00 to $139.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a buy rating on the stock.

Other analysts have also recently issued reports about the stock. Piper Sandler lifted their target price on shares of e.l.f. Beauty from $100.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday. TD Cowen started coverage on e.l.f. Beauty in a report on Friday, October 30th. They issued a “strong-buy” rating on the stock. The Goldman Sachs Group set a $100.00 price objective on shares of e.l.f. Beauty in a research note on Thursday, August 6th. JPMorgan Chase & Co. upped their target price on e.l.f. Beauty from $106.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, October 19th. Finally, Canaccord Genuity Group upped their price target on e.l.f. Beauty from $123.00 to $137.00 and gave the stock a “buy” rating in a report on Thursday, October 22nd. Three research 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 issued a Sell rating to the stock. According to data from MarketBeat, e.l.f. Beauty has an average rating of “Moderate Buy” and an average target price of $117.50.

e.l.f. Beauty Stock Down 3.1%

e.l.f. Beauty stock opened at $110.15 on Thursday. The firm has a market capitalization of $6.50 billion, a price-to-earnings ratio of 35.51, a price-to-earnings-growth ratio of 2.99 and a beta of 1.61. e.l.f. Beauty has a fifty-two week low of $48.82 and a fifty-two week high of $123.13. The stock’s fifty day moving average is $106.07 and its two-hundred day moving average is $82.04. 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 announced its earnings results on Wednesday, November 4th. The company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.61. e.l.f. Beauty had a net margin of 4.47% and a return on equity of 16.65%. The company had revenue of $520.82 million during the quarter, compared to analysts’ expectations of $473.51 million. During the same quarter in the previous year, the business posted $0.68 earnings per share. The firm’s quarterly revenue was up 51.4% compared to the same quarter last year. Analysts predict that e.l.f. Beauty will post 2.69 EPS for the current fiscal year.

Insider Transactions at e.l.f. Beauty

In related news, SVP Joshua Franks sold 7,926 shares of the company’s stock in a transaction that occurred 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 sale, the senior vice president directly owned 119,005 shares of the company’s stock, valued at approximately $13,108,400.75. This represents a 6.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Mandy Fields sold 16,065 shares of the firm’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $104.52, for a total value of $1,679,113.80. Following the transaction, the insider 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 SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 91,821 shares of company stock worth $9,624,513. 3.50% of the stock is owned by corporate insiders.

Institutional Trading of e.l.f. Beauty

Institutional investors have recently added to or reduced their stakes in the business. Legal & General Group Plc acquired a new stake in e.l.f. Beauty during the second quarter worth about $5,684,000. Delta Global Management LP bought a new position in shares of e.l.f. Beauty during the first quarter valued at approximately $1,227,000. State Street Corp raised its position in shares of e.l.f. Beauty by 4.2% during the 2nd 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 during the period. Aurora Investment Counsel acquired a new stake in shares of e.l.f. Beauty during the 2nd quarter worth approximately $2,868,000. Finally, SummitTX Capital L.P. lifted its holdings in shares of e.l.f. Beauty by 222.3% in the 1st quarter. SummitTX Capital L.P. now owns 29,240 shares of the company’s stock worth $1,772,000 after purchasing an additional 20,169 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

Key e.l.f. Beauty News

Here are the key news stories impacting e.l.f. Beauty this week:

• Positive Sentiment: Sales rose 51% year over year to $520.8 million, beating analyst expectations of about $473.5 million. Adjusted earnings of $1.21 per share also topped estimates near $0.60, and the company marked its 31st consecutive quarter of sales growth. e.l.f. Beauty fiscal 2027 results
• Positive Sentiment: Management raised its full-year net sales growth outlook to 22%–24%, citing momentum across its portfolio. Higher guidance following a substantial earnings and revenue beat may support expectations for continued growth. e.l.f. Beauty posts sales increase and raises guidance
• Positive Sentiment: Citigroup raised its price target from $130 to $139 and maintained a Buy rating; JPMorgan raised its target from $130 to $135 and maintained an Overweight rating. Both actions signal continued analyst confidence after the results.
• Neutral Sentiment: Piper Sandler raised its target from $100 to $110 but kept a Neutral rating, indicating a more cautious view than the other analyst updates.

e.l.f. Beauty Company Profile

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.