e.l.f. Beauty (NYSE:ELF) Price Target Cut to $70.00 by Analysts at UBS Group

e.l.f. Beauty (NYSE:ELF) had its price objective trimmed by UBS Group from $102.00 to $70.00 in a research report report published on Tuesday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other research firms have also recently weighed in on ELF. Evercore started coverage on shares of e.l.f. Beauty in a research note on Thursday, April 2nd. They issued an “inline” rating and a $68.00 target price on the stock. Citigroup raised their price objective on shares of e.l.f. Beauty from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. TD Cowen dropped their price objective on shares of e.l.f. Beauty from $110.00 to $100.00 and set a “buy” rating for the company in a report on Monday, February 9th. JPMorgan Chase & Co. raised their price objective on shares of e.l.f. Beauty from $103.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, February 5th. Finally, Jefferies Financial Group started coverage on shares of e.l.f. Beauty in a report on Wednesday, January 14th. They set a “buy” rating and a $110.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, e.l.f. Beauty currently has an average rating of “Moderate Buy” and a consensus price target of $115.19.

e.l.f. Beauty Stock Performance

NYSE ELF opened at $60.96 on Tuesday. The stock has a market cap of $3.60 billion, a P/E ratio of 34.44, a PEG ratio of 3.76 and a beta of 1.83. The company’s 50-day simple moving average is $77.56 and its 200 day simple moving average is $90.83. e.l.f. Beauty has a twelve month low of $49.40 and a twelve month high of $150.99. 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 earnings results on Wednesday, February 4th. The company reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.52. The business had revenue of $489.51 million for the quarter, compared to analysts’ expectations of $461.78 million. e.l.f. Beauty had a net margin of 6.84% and a return on equity of 15.08%. The firm’s revenue for the quarter was up 37.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.74 earnings per share. e.l.f. Beauty has set its FY 2026 guidance at 3.050-3.100 EPS. As a group, research analysts forecast that e.l.f. Beauty will post 2.38 earnings per share for the current fiscal year.

Insider Activity at e.l.f. Beauty

In other news, CEO Tarang Amin sold 52,880 shares of the 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 sale, the chief executive officer directly owned 98,416 shares of the company’s stock, valued at $6,164,778.24. This represents a 34.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.90% of the stock is owned by company insiders.

Institutional Trading of e.l.f. Beauty

Hedge funds have recently modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of e.l.f. Beauty during the fourth quarter valued at approximately $26,000. Hilton Head Capital Partners LLC bought a new stake in shares of e.l.f. Beauty during the fourth quarter valued at approximately $32,000. EverSource Wealth Advisors LLC grew its stake in shares of e.l.f. Beauty by 97.0% during the second quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company’s stock valued at $32,000 after purchasing an additional 128 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of e.l.f. Beauty by 58.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company’s stock valued at $39,000 after purchasing an additional 117 shares during the last quarter. Finally, Arax Advisory Partners bought a new stake in shares of e.l.f. Beauty during the fourth quarter valued at approximately $41,000. 92.44% of the stock is owned by institutional investors.

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.