e.l.f. Beauty (NYSE:ELF) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of e.l.f. Beauty (NYSE:ELF) from a strong sell rating to a hold rating in a report issued on Monday,Zacks.com reports.

ELF has been the topic of several other reports. Weiss Ratings reiterated a “hold (c)” rating on shares of e.l.f. Beauty in a research note on Wednesday, October 8th. Canaccord Genuity Group lowered their price objective on e.l.f. Beauty from $165.00 to $136.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. UBS Group dropped their price objective on e.l.f. Beauty from $150.00 to $105.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Wall Street Zen upgraded e.l.f. Beauty from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. lowered their price target on e.l.f. Beauty from $137.00 to $103.00 and set an “overweight” rating on the stock in a report on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $123.53.

e.l.f. Beauty Stock Down 1.2%

e.l.f. Beauty stock opened at $78.17 on Monday. The firm has a 50 day simple moving average of $82.06 and a 200 day simple moving average of $110.31. The company has a current ratio of 2.70, a quick ratio of 1.76 and a debt-to-equity ratio of 0.73. e.l.f. Beauty has a 1-year low of $49.40 and a 1-year high of $150.99. The firm has a market capitalization of $4.66 billion, a price-to-earnings ratio of 55.02, a P/E/G ratio of 7.50 and a beta of 1.73.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.11. The business had revenue of $343.94 million for the quarter, compared to analysts’ expectations of $367.89 million. e.l.f. Beauty had a return on equity of 13.77% and a net margin of 5.90%.The firm’s quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.77 EPS. e.l.f. Beauty has set its FY 2026 guidance at 2.800-2.850 EPS. On average, analysts predict that e.l.f. Beauty will post 2.38 earnings per share for the current year.

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

Institutional investors have recently modified their holdings of the company. Marshall Wace LLP bought a new position in shares of e.l.f. Beauty during the 2nd quarter valued at $118,058,000. Atreides Management LP purchased a new stake in e.l.f. Beauty during the second quarter valued at about $61,479,000. Man Group plc bought a new position in shares of e.l.f. Beauty during the second quarter valued at about $52,316,000. Woodline Partners LP bought a new position in shares of e.l.f. Beauty during the third quarter valued at about $52,613,000. Finally, Swedbank AB increased its holdings in shares of e.l.f. Beauty by 42.6% in the first quarter. Swedbank AB now owns 1,157,760 shares of the company’s stock worth $72,696,000 after buying an additional 345,760 shares during the period. 92.44% of the stock is currently owned by institutional investors.

e.l.f. Beauty Company Profile

e.l.f. Beauty (NYSE: ELF) is an American cosmetics company known for offering an extensive range of affordable, trend-driven makeup and skincare products. The company’s portfolio spans foundations, lipsticks, mascaras, brushes, serums, masks and other beauty essentials, all positioned at accessible price points. e.l.f. Beauty maintains a direct-to-consumer platform through its e-commerce site and engages in widespread retail partnerships with major chains such as Target, Walmart, Ulta Beauty and Amazon.

Founded in 2004 and headquartered in Oakland, California, e.l.f.