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

e.l.f. Beauty (NYSE:ELF) had its price target upped by TD Cowen from $100.00 to $110.00 in a report released on Wednesday morning, MarketBeat reports. The firm currently has a buy rating on the stock.

A number of other equities research analysts have also recently issued reports on ELF. Wall Street Zen cut shares of e.l.f. Beauty from a “hold” rating to a “sell” rating in a research report on Thursday, January 15th. Canaccord Genuity Group decreased their price objective on shares of e.l.f. Beauty from $165.00 to $136.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. JPMorgan Chase & Co. dropped their price objective on shares of e.l.f. Beauty from $137.00 to $103.00 and set an “overweight” rating for the company in a report on Thursday, December 18th. Piper Sandler reduced their target price on e.l.f. Beauty from $100.00 to $85.00 and set a “neutral” rating on the stock in a report on Monday, December 22nd. Finally, Jefferies Financial Group started coverage on e.l.f. Beauty in a research report on Wednesday, January 14th. They set a “buy” rating and a $110.00 price target on the stock. One 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $121.63.

e.l.f. Beauty Price Performance

e.l.f. Beauty stock opened at $91.94 on Wednesday. The business has a 50 day simple moving average of $79.09 and a 200 day simple moving average of $107.45. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.70 and a quick ratio of 1.76. The company has a market capitalization of $5.48 billion, a PE ratio of 64.75, a price-to-earnings-growth ratio of 8.47 and a beta of 1.73. e.l.f. Beauty has a one year low of $49.40 and a one year high of $150.99.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.11. The firm 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 business’s revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.77 earnings per share. e.l.f. Beauty has set its FY 2026 guidance at 2.800-2.850 EPS. On average, sell-side analysts forecast that e.l.f. Beauty will post 2.38 EPS for the current fiscal year.

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 the company. EverSource Wealth Advisors LLC raised its holdings in e.l.f. Beauty by 97.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company’s stock worth $32,000 after purchasing an additional 128 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of 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 buying an additional 117 shares during the period. Whittier Trust Co. of Nevada Inc. raised its stake in shares of e.l.f. Beauty by 29.3% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 384 shares of the company’s stock worth $52,000 after buying an additional 87 shares during the last quarter. MAI Capital Management lifted its holdings in e.l.f. Beauty by 129.1% in the second quarter. MAI Capital Management now owns 394 shares of the company’s stock valued at $49,000 after buying an additional 222 shares during the period. Finally, Elevation Point Wealth Partners LLC acquired a new position in e.l.f. Beauty in the second quarter valued at approximately $49,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

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.