e.l.f. Beauty (NYSE:ELF) Downgraded by Zacks Research to “Hold”

Zacks Research downgraded shares of e.l.f. Beauty (NYSE:ELF) from a strong-buy rating to a hold rating in a report issued on Thursday morning,Zacks reports.

A number of other equities analysts also recently weighed in on ELF. Jefferies Financial Group boosted their target price on shares of e.l.f. Beauty from $72.00 to $100.00 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. Morgan Stanley lowered their price target on shares of e.l.f. Beauty from $67.00 to $59.00 and set an “equal weight” rating for the company in a report on Thursday, May 21st. Piper Sandler boosted their price objective on shares of e.l.f. Beauty from $50.00 to $65.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $64.00 price objective on shares of e.l.f. Beauty in a report on Tuesday, June 16th. Finally, B. Riley Financial increased their price objective on e.l.f. Beauty from $70.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $92.12.

e.l.f. Beauty Price Performance

e.l.f. Beauty stock opened at $96.85 on Thursday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.82 and a current ratio of 2.55. The firm has a market cap of $5.72 billion, a P/E ratio of 96.85, a P/E/G ratio of 2.97 and a beta of 1.60. The business’s fifty day moving average is $90.57 and its two-hundred day moving average is $74.55. e.l.f. Beauty has a 52 week low of $48.82 and a 52 week high of $150.99.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Wednesday, August 5th. The company reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $479.37 million during the quarter, compared to analyst estimates of $431.20 million. During the same period last year, the company posted $0.89 earnings per share. The firm’s quarterly revenue 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. Equities research analysts forecast that e.l.f. Beauty will post 2.64 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Kory Marchisotto sold 12,173 shares of e.l.f. Beauty stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $88.02, for a total transaction of $1,071,467.46. Following the completion of the sale, the insider owned 169,695 shares in the company, valued at $14,936,553.90. The trade was a 6.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jennifer Hartnett sold 25,357 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $80.00, for a total transaction of $2,028,560.00. Following the sale, the insider directly owned 28,699 shares of the company’s stock, valued at approximately $2,295,920. This trade represents a 46.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 116,223 shares of company stock worth $10,000,410. 3.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Continuum Advisory LLC bought a new position in shares of e.l.f. Beauty in the 2nd quarter worth $31,000. Hilton Head Capital Partners LLC bought a new stake in shares of e.l.f. Beauty in the 4th quarter valued at about $32,000. EverSource Wealth Advisors LLC increased its stake in shares of e.l.f. Beauty by 97.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company’s stock valued at $32,000 after acquiring an additional 128 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in e.l.f. Beauty by 58.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company’s stock worth $39,000 after acquiring an additional 117 shares during the last quarter. Finally, State of Wyoming bought a new position in e.l.f. Beauty during the 2nd quarter worth approximately $40,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

About e.l.f. Beauty

e.l.f. Beauty, Inc develops, markets and sells cosmetics, skin care and beauty products. Its portfolio includes e.l.f. Cosmetics, which offers makeup, skin care, tools and accessories, as well as brands such as Naturium, W3LL PEOPLE and Keys Soulcare. The company positions its products as accessible and affordable alternatives across a range of beauty categories.

Founded in 2004, e.l.f. Beauty distributes its products through mass retailers, specialty beauty stores, direct-to-consumer websites and other digital channels.