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

e.l.f. Beauty (NYSE:ELF) had its price target upped by Piper Sandler from $100.00 to $110.00 in a research note published on Thursday,Benzinga reports. They currently have a neutral rating on the stock.

Several other equities analysts also recently issued reports on ELF. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $105.00 price target on shares of e.l.f. Beauty in a report on Wednesday, October 21st. Raymond James Financial reiterated a “strong-buy” rating and issued a $132.00 price objective on shares of e.l.f. Beauty in a research report on Thursday. The Goldman Sachs Group set a $100.00 price objective on e.l.f. Beauty in a research note on Thursday, August 6th. Wall Street Zen raised shares of e.l.f. Beauty from a “hold” rating to a “buy” rating in a research note on Saturday, October 31st. Finally, Morgan Stanley upped their price objective on shares of e.l.f. Beauty from $90.00 to $103.00 and gave the company an “equal weight” rating in a research report on Thursday, October 15th. Three analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, e.l.f. Beauty currently has a consensus rating of “Moderate Buy” and an average target price of $117.50.

e.l.f. Beauty Price Performance

ELF opened at $110.15 on Thursday. The company has a 50-day moving average of $106.07 and a 200-day moving average of $82.04. The company has a market capitalization of $6.50 billion, a P/E ratio of 35.51, a PEG ratio of 2.99 and a beta of 1.61. e.l.f. Beauty has a 1-year low of $48.82 and a 1-year high of $123.13. 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 quarterly earnings data on Wednesday, November 4th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.61. The firm had revenue of $520.82 million for the quarter, compared to analysts’ expectations of $473.51 million. e.l.f. Beauty had a return on equity of 16.65% and a net margin of 4.47%. e.l.f. Beauty’s revenue for the quarter was up 51.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.68 earnings per share. Equities analysts expect that e.l.f. Beauty will post 2.69 EPS for the current fiscal year.

Insider Buying and Selling at e.l.f. Beauty

In related news, CEO Tarang Amin sold 47,000 shares of the business’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $103.31, for a total value 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 $13,894,781.76. The trade was a 25.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Lauren Levitan sold 1,034 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $93.15, for a total transaction of $96,317.10. Following the completion of the transaction, the director directly owned 10,516 shares in the company, valued at approximately $979,565.40. The trade was a 8.95% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 91,821 shares of company stock worth $9,624,513. Company insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On e.l.f. Beauty

Institutional investors have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. grew its stake in shares of e.l.f. Beauty by 64.5% in the 3rd quarter. SBI Securities Co. Ltd. now owns 334 shares of the company’s stock worth $34,000 after buying an additional 131 shares in the last quarter. Continuum Advisory LLC purchased a new stake in shares of e.l.f. Beauty during the 2nd quarter valued at about $31,000. Signaturefd LLC lifted its holdings in shares of e.l.f. Beauty by 86.5% in the 3rd quarter. Signaturefd LLC now owns 513 shares of the company’s stock valued at $52,000 after acquiring an additional 238 shares during the last quarter. State of Wyoming bought a new position in shares of e.l.f. Beauty in the 2nd quarter valued at about $40,000. Finally, EverSource Wealth Advisors LLC grew its position in e.l.f. Beauty by 378.5% in the first 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. 92.44% of the stock is owned by hedge funds and other institutional investors.

More 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.

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.