JPMorgan Chase & Co. Raises e.l.f. Beauty (NYSE:ELF) Price Target to $94.00

e.l.f. Beauty (NYSE:ELF) had its target price boosted by JPMorgan Chase & Co. from $80.00 to $94.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 27.50% from the stock’s current price.

A number of other research analysts have also issued reports on the stock. Citigroup increased their target price on shares of e.l.f. Beauty from $87.00 to $92.00 and gave the stock a “buy” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $64.00 price target on shares of e.l.f. Beauty in a research report on Tuesday, June 16th. Robert W. Baird reduced their price target on e.l.f. Beauty from $115.00 to $90.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 28th. Bank of America dropped their price objective on e.l.f. Beauty from $93.00 to $85.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Finally, Jefferies Financial Group reduced their target price on e.l.f. Beauty from $85.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, e.l.f. Beauty has a consensus rating of “Moderate Buy” and an average target price of $81.31.

e.l.f. Beauty Stock Performance

ELF opened at $73.72 on Thursday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.35 and a quick ratio of 1.69. The business has a fifty day simple moving average of $62.63 and a 200 day simple moving average of $71.62. e.l.f. Beauty has a 1 year low of $48.82 and a 1 year high of $150.99. The company has a market capitalization of $4.35 billion, a PE ratio of 160.27, a price-to-earnings-growth ratio of 2.90 and a beta of 1.59.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data on Wednesday, May 20th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.03. The firm had revenue of $449.29 million for the quarter, compared to analysts’ expectations of $423.06 million. e.l.f. Beauty had a return on equity of 11.02% and a net margin of 1.61%.The company’s quarterly revenue was up 35.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.78 EPS. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. Research analysts expect that e.l.f. Beauty will post 2.42 EPS for the current year.

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, insider Mandy J. Fields sold 23,656 shares of the business’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $63.66, for a total transaction of $1,505,940.96. Following the completion of the transaction, the insider owned 77,437 shares of the company’s stock, valued at approximately $4,929,639.42. The trade was a 23.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tarang Amin sold 50,164 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $78.24, for a total transaction of $3,924,831.36. Following the completion of the transaction, the chief executive officer directly owned 110,496 shares of the company’s stock, valued at $8,645,207.04. This trade represents a 31.22% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 278,988 shares of company stock valued at $18,354,580. Company insiders own 3.50% of the company’s stock.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in ELF. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of e.l.f. Beauty during the fourth quarter worth $26,000. Hilton Head Capital Partners LLC acquired a new stake in shares of e.l.f. Beauty during the 4th quarter valued at $32,000. EverSource Wealth Advisors LLC boosted its holdings in shares of e.l.f. Beauty by 97.0% during 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 in the last quarter. Northwestern Mutual Wealth Management Co. grew its position 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 worth $39,000 after acquiring an additional 117 shares during the last quarter. Finally, Arax Advisory Partners bought a new stake in e.l.f. Beauty during the 4th quarter worth $41,000. 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.