Bank of America Lowers e.l.f. Beauty (NYSE:ELF) Price Target to $93.00

e.l.f. Beauty (NYSE:ELF) had its price target lowered by Bank of America from $115.00 to $93.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Bank of America‘s price objective indicates a potential upside of 42.86% from the company’s previous close.

ELF has been the subject of a number of other reports. JPMorgan Chase & Co. increased their price target on shares of e.l.f. Beauty from $103.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, February 5th. Evercore assumed coverage on shares of e.l.f. Beauty in a research report on Thursday, April 2nd. They set an “inline” rating and a $68.00 price objective on the stock. Piper Sandler cut their price objective on shares of e.l.f. Beauty from $100.00 to $85.00 and set a “neutral” rating on the stock in a research report on Monday, December 22nd. TD Cowen cut their price objective on shares of e.l.f. Beauty from $110.00 to $100.00 and set a “buy” rating on the stock in a research report on Monday, February 9th. Finally, Jefferies Financial Group assumed 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 objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $111.00.

e.l.f. Beauty Price Performance

NYSE ELF opened at $65.10 on Friday. The company has a 50 day simple moving average of $76.27 and a 200-day simple moving average of $89.62. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.76 and a quick ratio of 1.89. The firm has a market capitalization of $3.84 billion, a price-to-earnings ratio of 36.78, a price-to-earnings-growth ratio of 4.01 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.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Wednesday, February 4th. The company reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.52. The business had revenue of $489.51 million during the quarter, compared to analyst estimates 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 was up 37.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.74 earnings per share. e.l.f. Beauty has set its FY 2026 guidance at 3.050-3.100 EPS. Equities research analysts predict that e.l.f. Beauty will post 2.38 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Tarang Amin sold 52,880 shares of the firm’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 transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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

A number of institutional investors have recently modified their holdings of the company. Hsbc Holdings PLC bought a new position in shares of e.l.f. Beauty in the fourth quarter valued at approximately $451,000. Rockefeller Capital Management L.P. raised its position in shares of e.l.f. Beauty by 83.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 191,843 shares of the company’s stock valued at $14,588,000 after purchasing an additional 87,163 shares during the period. World Investment Advisors raised its position in shares of e.l.f. Beauty by 50.3% in the fourth quarter. World Investment Advisors now owns 4,117 shares of the company’s stock valued at $313,000 after purchasing an additional 1,377 shares during the period. Pacer Advisors Inc. raised its position in shares of e.l.f. Beauty by 80.6% in the fourth quarter. Pacer Advisors Inc. now owns 14,096 shares of the company’s stock valued at $1,072,000 after purchasing an additional 6,291 shares during the period. Finally, White Knight Strategic Wealth Advisors LLC bought a new position in shares of e.l.f. Beauty in the fourth quarter valued at approximately $290,000. 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: Analyst bullishness: Evercore remains constructive on e.l.f.’s strategy to broaden from makeup into a wider beauty platform, supporting a positive medium-term growth story. Evercore bullish on e.l.f.
• Positive Sentiment: Goldman Sachs maintains a Buy rating, reinforcing institutional support that can help underpin the share price. Goldman Sachs Keeps Buy
• Positive Sentiment: Positive earnings narrative: recent coverage highlights e.l.f.’s strong Q4 results and revenue growth, which remain a core bullish argument for investors focused on execution and margin recovery. Q4 earnings coverage
• Neutral Sentiment: Bank of America cut its price target from $115 to $93 but kept a Buy rating — a mixed signal: the firm still supports the story but models lower near-term upside. BofA target cut coverage
• Neutral Sentiment: Market context pieces and short-term trading notes (e.g., Zacks coverage) note modest intraday moves and that ELF has trailed broader market gains recently — useful for traders but less material to long-term fundamentals. Zacks note
• Negative Sentiment: Shareholder litigation risk: Bragar Eagel & Squire announced an investigation on behalf of long-term shareholders, which can increase legal risk, potential distraction and reputational pressure. Bragar investigation
• Negative Sentiment: Additional legal outreach: a separate PR notice encourages shareholders to contact counsel over possible fiduciary breaches, adding to legal headline risk and potential future liabilities. PR Newswire shareholder notice
• Negative Sentiment: Bearish outlook from UBS: at least one outlet notes a pessimistic UBS forecast, which can weigh on sentiment among more conservative investors. UBS pessimistic forecast

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.