e.l.f. Beauty (NYSE:ELF) Raised to “Hold” at Wall Street Zen

e.l.f. Beauty (NYSE:ELF) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

A number of other research analysts have also recently commented on the stock. TD Cowen boosted their target price on shares of e.l.f. Beauty from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday. Citigroup started coverage on e.l.f. Beauty in a research report on Friday. They issued a “buy” rating and a $110.00 target price on the stock. JPMorgan Chase & Co. decreased 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. Jefferies Financial Group initiated coverage on shares of 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. Finally, Canaccord Genuity Group cut 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 note on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $120.94.

e.l.f. Beauty Trading Up 0.6%

Shares of ELF stock opened at $94.17 on Friday. The company has a quick ratio of 1.76, a current ratio of 2.70 and a debt-to-equity ratio of 0.73. e.l.f. Beauty has a fifty-two week low of $49.40 and a fifty-two week high of $150.99. The firm’s 50 day moving average price is $79.89 and its two-hundred day moving average price is $107.16. The stock has a market cap of $5.62 billion, a price-to-earnings ratio of 66.31, a price-to-earnings-growth ratio of 8.90 and a beta of 1.73.

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

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

Hedge funds have recently made changes to their positions in the company. Granite Investment Partners LLC bought a new position in shares of e.l.f. Beauty during the 2nd quarter valued at $20,778,000. EFG Asset Management North America Corp. boosted its holdings in e.l.f. Beauty by 69.6% in the second quarter. EFG Asset Management North America Corp. now owns 35,304 shares of the company’s stock worth $4,396,000 after purchasing an additional 14,492 shares in the last quarter. Tran Capital Management L.P. acquired a new position in e.l.f. Beauty during the third quarter worth $7,436,000. WASHINGTON TRUST Co raised its holdings in e.l.f. Beauty by 20.6% during the second quarter. WASHINGTON TRUST Co now owns 131,863 shares of the company’s stock valued at $16,409,000 after buying an additional 22,480 shares in the last quarter. Finally, Mackenzie Financial Corp raised its stake in shares of e.l.f. Beauty by 11.0% in the 2nd quarter. Mackenzie Financial Corp now owns 957,941 shares of the company’s stock valued at $119,206,000 after acquiring an additional 95,270 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

About e.l.f. Beauty

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.