JPMorgan Chase & Co. Has Lowered Expectations for e.l.f. Beauty (NYSE:ELF) Stock Price

e.l.f. Beauty (NYSE:ELF) had its price objective cut by research analysts at JPMorgan Chase & Co. from $105.00 to $85.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 27.30% from the company’s current price.

Other analysts have also recently issued research reports about the company. Wall Street Zen upgraded e.l.f. Beauty from a “sell” rating to a “hold” rating in a research report on Saturday, January 24th. UBS Group reduced their price target on e.l.f. Beauty from $102.00 to $70.00 and set a “neutral” rating for the company in a research report on Tuesday, April 7th. Citigroup reduced their price target on e.l.f. Beauty from $115.00 to $87.00 and set a “buy” rating for the company in a research report on Wednesday. Piper Sandler reduced 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 report on Monday, December 22nd. Finally, Zacks Research upgraded e.l.f. Beauty from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, e.l.f. Beauty has an average rating of “Moderate Buy” and a consensus target price of $108.00.

e.l.f. Beauty Stock Performance

Shares of ELF opened at $66.77 on Friday. The company has a quick ratio of 1.89, a current ratio of 2.76 and a debt-to-equity ratio of 0.70. The business has a 50-day simple moving average of $74.79 and a two-hundred day simple moving average of $87.43. The stock has a market cap of $3.94 billion, a price-to-earnings ratio of 37.73, a PEG ratio of 3.65 and a beta of 1.83. e.l.f. Beauty has a 52 week low of $50.79 and a 52 week high of $150.99.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $1.24 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 analysts’ expectations of $461.78 million. e.l.f. Beauty had a return on equity of 15.08% and a net margin of 6.84%.The business’s quarterly revenue was up 37.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.74 earnings per share. e.l.f. Beauty has set its FY 2026 guidance at 3.050-3.100 EPS. On average, analysts expect that e.l.f. Beauty will post 2.38 EPS for the current year.

Insider Activity

In related news, CEO Tarang Amin sold 52,880 shares of the stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $62.64, for a total transaction of $3,312,403.20. Following the completion of the sale, the chief executive officer owned 98,416 shares in the company, 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 document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 3.90% of the company’s stock.

Institutional Trading of e.l.f. Beauty

Institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC grew its position 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 worth $32,000 after purchasing an additional 128 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in 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 valued at $39,000 after buying an additional 117 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in e.l.f. Beauty during the 4th quarter valued at approximately $26,000. Whittier Trust Co. of Nevada Inc. grew its holdings in e.l.f. Beauty by 29.3% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 384 shares of the company’s stock valued at $52,000 after buying an additional 87 shares in the last quarter. Finally, Hilton Head Capital Partners LLC purchased a new position in e.l.f. Beauty during the 4th quarter valued at approximately $32,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

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.