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

by · The Markets Daily

e.l.f. Beauty (NYSE:ELF – Get Free Report) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Thursday, Zacks reports.

Several other research firms have also issued reports on ELF. Raymond James Financial boosted their target price on shares of e.l.f. Beauty from $85.00 to $87.00 and gave the company a “strong-buy” rating in a report on Tuesday, July 14th. Citigroup increased their price target on e.l.f. Beauty from $87.00 to $92.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. The Goldman Sachs Group set a $100.00 price objective on e.l.f. Beauty in a research report on Thursday, August 6th. JPMorgan Chase & Co. dropped their price objective on e.l.f. Beauty from $111.00 to $106.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 19th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $64.00 target price on shares of e.l.f. Beauty in a research report on Tuesday, June 16th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $92.12.

Get Our Latest Stock Report on ELF

e.l.f. Beauty Stock Performance

Shares of ELF stock opened at $96.85 on Thursday. The business’s 50 day simple moving average is $90.57 and its 200 day simple moving average is $74.55. e.l.f. Beauty has a one year low of $48.82 and a one year high of $150.99. The stock has a market capitalization of $5.72 billion, a PE ratio of 96.85, a PEG ratio of 2.97 and a beta of 1.60. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.55 and a quick ratio of 1.82.

e.l.f. Beauty (NYSE:ELF – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $1.04. e.l.f. Beauty had a net margin of 3.38% and a return on equity of 14.07%. The firm had revenue of $479.37 million for the quarter, compared to the consensus estimate of $431.20 million. During the same quarter in the previous year, the company earned $0.89 EPS. The company’s revenue for the quarter was up 35.5% on a year-over-year basis. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. As a group, research analysts forecast that e.l.f. Beauty will post 2.64 earnings per share for the current year.

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

In other e.l.f. Beauty news, CEO Tarang Amin sold 50,164 shares of the firm’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $78.24, for a total value of $3,924,831.36. Following the completion of the sale, the chief executive officer directly owned 110,496 shares in the company, valued at approximately $8,645,207.04. This trade represents a 31.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mandy J. Fields sold 16,065 shares of e.l.f. Beauty stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $104.52, for a total transaction of $1,679,113.80. Following the completion of the sale, the insider directly owned 90,896 shares of the company’s stock, valued at approximately $9,500,449.92. This trade represents a 15.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 116,223 shares of company stock valued at $10,000,410 over the last 90 days. Insiders own 3.50% of the company’s stock.

Institutional Trading of e.l.f. Beauty

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ELF. BlackRock Inc. acquired a new position in e.l.f. Beauty during the 2nd quarter worth approximately $428,262,000. California State Teachers Retirement System boosted its holdings in e.l.f. Beauty by 7,535.2% in the second quarter. California State Teachers Retirement System now owns 5,073,366 shares of the company’s stock worth $375,429,000 after acquiring an additional 5,006,919 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in e.l.f. Beauty by 47.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,197,319 shares of the company’s stock valued at $167,086,000 after acquiring an additional 711,540 shares during the period. State Street Corp grew its stake in e.l.f. Beauty by 0.8% in the fourth quarter. State Street Corp now owns 1,737,181 shares of the company’s stock valued at $132,095,000 after acquiring an additional 13,231 shares during the period. Finally, Swedbank AB grew its stake in e.l.f. Beauty by 97.0% in the fourth quarter. Swedbank AB now owns 1,364,801 shares of the company’s stock valued at $103,779,000 after acquiring an additional 672,071 shares during the period. 92.44% of the stock is owned by institutional investors.

About e.l.f. Beauty

(Get Free Report)

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.

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