e.l.f. Beauty (NYSE:ELF) Coverage Initiated at Evercore

Equities researchers at Evercore initiated coverage on shares of e.l.f. Beauty (NYSE:ELF) in a research report issued on Thursday, Marketbeat reports. The firm set an “in-line” rating and a $68.00 price target on the stock. Evercore’s price target indicates a potential upside of 11.19% from the company’s previous close.

Several other research firms also recently issued reports on ELF. Zacks Research upgraded e.l.f. Beauty from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. JPMorgan Chase & Co. raised their target price on e.l.f. Beauty from $103.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, February 5th. TD Cowen dropped their target price on e.l.f. Beauty from $110.00 to $100.00 and set a “buy” rating for the company in a research report on Monday, February 9th. UBS Group boosted their price target on shares of e.l.f. Beauty from $98.00 to $102.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th. Finally, Wall Street Zen raised shares of e.l.f. Beauty from a “sell” rating to a “hold” rating in a research report on Saturday, January 24th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $117.19.

e.l.f. Beauty Stock Performance

Shares of ELF stock opened at $61.16 on Thursday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.89 and a current ratio of 2.76. The firm has a market cap of $3.61 billion, a P/E ratio of 34.55, a P/E/G ratio of 3.76 and a beta of 1.83. The firm’s 50 day moving average price is $78.59 and its 200-day moving average price is $92.71. 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 posted its earnings results on Wednesday, February 4th. The company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.52. e.l.f. Beauty had a net margin of 6.84% and a return on equity of 15.08%. The firm had revenue of $489.51 million during the quarter, compared to the consensus estimate of $461.78 million. During the same quarter last year, the firm earned $0.74 EPS. The firm’s revenue for the quarter was up 37.8% on a year-over-year basis. e.l.f. Beauty has set its FY 2026 guidance at 3.050-3.100 EPS. As a group, equities research analysts predict that e.l.f. Beauty will post 2.38 EPS for the current year.

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 52,880 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $62.64, for a total transaction of $3,312,403.20. Following the completion of the transaction, the chief executive officer owned 98,416 shares in the company, valued at $6,164,778.24. The trade was a 34.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.90% of the stock is owned by corporate insiders.

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

Several large investors have recently bought and sold shares of ELF. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in e.l.f. Beauty during the 4th quarter worth about $26,000. Hilton Head Capital Partners LLC purchased a new position in shares of e.l.f. Beauty in the 4th quarter valued at about $32,000. EverSource Wealth Advisors LLC increased its holdings 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. raised 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 acquiring an additional 117 shares in the last quarter. Finally, Arax Advisory Partners acquired a new stake in shares of e.l.f. Beauty during the 4th quarter worth about $41,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Trending Headlines about e.l.f. Beauty

Here are the key news stories impacting e.l.f. Beauty this week:

• Positive Sentiment: Evercore initiated coverage with an “in-line” rating and a $68 price target (about ~11% above the current price), which can attract buyer interest and act as a nearer-term valuation anchor for the stock. Read More.
• Neutral Sentiment: Marketing push — e.l.f. launched a true-crime–inspired mockumentary campaign promoting its affordable positioning; this is a brand/awareness play that can support sales over time but is unlikely to move the stock immediately. Read More.
• Neutral Sentiment: Institutional backing remains strong: several large funds increased positions during the quarter, which provides stability and longer-term support for the share base. (This underpins institutional interest but doesn’t guarantee near-term upside.) Read More.
• Negative Sentiment: Insider sale — CEO Tarang Amin sold 52,880 shares (~$3.3M) under a pre-arranged Rule 10b5-1 plan, reducing his stake by ~35%. Even if planned, large insider selling can sour sentiment and prompt short-term selling. Read More.
• Negative Sentiment: Short interest rose ~21.4% in March, increasing potential downside pressure and volatility if shorts remain active or pick up momentum. Read More.
• Negative Sentiment: Recent price action: coverage and news flow coincided with a notable intra-day pullback, highlighting current bearish momentum and technical pressure from the 50- and 200-day moving averages being well above the market price. Read More.

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.