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

Evercore upgraded shares of e.l.f. Beauty (NYSE:ELF) to a hold rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the company. Piper Sandler cut their price target on e.l.f. Beauty from $100.00 to $85.00 and set a “neutral” rating for the company in a research note on Monday, December 22nd. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of e.l.f. Beauty from $95.00 to $68.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. JPMorgan Chase & Co. raised their target price on shares of e.l.f. Beauty from $103.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, February 5th. UBS Group raised their target price 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, Weiss Ratings reaffirmed a “hold (c)” rating on shares of e.l.f. Beauty in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, e.l.f. Beauty currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.19.

e.l.f. Beauty Stock Performance

NYSE ELF opened at $61.16 on Wednesday. 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. e.l.f. Beauty has a 52-week low of $49.40 and a 52-week high of $150.99. The business’s 50-day moving average price is $78.59 and its 200 day moving average price is $92.71. The company has a quick ratio of 1.89, a current ratio of 2.76 and a debt-to-equity ratio of 0.70.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data on Wednesday, February 4th. The company reported $1.24 EPS for the quarter, beating the consensus estimate of $0.72 by $0.52. e.l.f. Beauty had a return on equity of 15.08% and a net margin of 6.84%.The firm had revenue of $489.51 million during the quarter, compared to the consensus estimate of $461.78 million. During the same period in the prior year, the business earned $0.74 EPS. The firm’s revenue was up 37.8% compared to the same quarter last year. e.l.f. Beauty has set its FY 2026 guidance at 3.050-3.100 EPS. On average, equities research analysts expect that e.l.f. Beauty will post 2.38 earnings per share 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 firm’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $62.64, for a total value of $3,312,403.20. Following the completion of the sale, the chief executive officer owned 98,416 shares of the company’s stock, valued at approximately $6,164,778.24. This trade represents a 34.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.90% of the company’s stock.

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

Large investors have recently made changes to their positions in the stock. Tran Capital Management L.P. purchased a new position in e.l.f. Beauty in the third quarter valued at about $7,436,000. SG Americas Securities LLC boosted its stake in shares of e.l.f. Beauty by 1,967.8% during the 4th quarter. SG Americas Securities LLC now owns 155,253 shares of the company’s stock worth $11,805,000 after acquiring an additional 147,745 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of e.l.f. Beauty by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 5,347,046 shares of the company’s stock worth $708,377,000 after acquiring an additional 14,651 shares in the last quarter. Summit Creek Advisors LLC grew its holdings in shares of e.l.f. Beauty by 14.6% in the 3rd quarter. Summit Creek Advisors LLC now owns 101,453 shares of the company’s stock worth $13,440,000 after acquiring an additional 12,936 shares during the period. Finally, Marshall Wace LLP acquired a new stake in shares of e.l.f. Beauty in the 2nd quarter worth approximately $118,058,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

More e.l.f. Beauty News

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.