e.l.f. Beauty (NYSE:ELF) Trading Down 8.2% After Analyst Downgrade

e.l.f. Beauty (NYSE:ELF)’s share price dropped 8.2% during trading on Monday after TD Cowen lowered their price target on the stock from $110.00 to $100.00. TD Cowen currently has a buy rating on the stock. e.l.f. Beauty traded as low as $74.10 and last traded at $75.3890. Approximately 879,559 shares changed hands during mid-day trading, a decline of 57% from the average daily volume of 2,050,439 shares. The stock had previously closed at $82.09.

Several other research firms have also issued reports on ELF. The Goldman Sachs Group reduced their target price on e.l.f. Beauty from $155.00 to $135.00 and set a “buy” rating for the company in a report on Friday, November 7th. Raymond James Financial boosted their price objective on e.l.f. Beauty from $155.00 to $165.00 and gave the stock a “strong-buy” rating in a research report on Monday, October 20th. Citigroup raised their target price on e.l.f. Beauty from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday. Canaccord Genuity Group lowered their target price on e.l.f. Beauty from $165.00 to $136.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. Finally, Weiss Ratings reissued 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 issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, e.l.f. Beauty has a consensus rating of “Moderate Buy” and an average target price of $119.13.

Institutional Investors Weigh In On e.l.f. Beauty

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in e.l.f. Beauty by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 5,487,304 shares of the company’s stock worth $417,255,000 after purchasing an additional 140,258 shares during the period. Swedbank AB raised its position in shares of e.l.f. Beauty by 97.0% in the fourth quarter. Swedbank AB now owns 1,364,801 shares of the company’s stock valued at $103,779,000 after purchasing an additional 672,071 shares during the period. Geode Capital Management LLC lifted its stake in shares of e.l.f. Beauty by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 1,040,518 shares of the company’s stock valued at $79,138,000 after buying an additional 21,016 shares in the last quarter. Mackenzie Financial Corp lifted its stake in shares of e.l.f. Beauty by 11.0% during the 2nd quarter. Mackenzie Financial Corp now owns 957,941 shares of the company’s stock valued at $119,206,000 after buying an additional 95,270 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in e.l.f. Beauty in the 2nd quarter worth approximately $118,058,000. 92.44% of the stock is currently owned by institutional investors.

e.l.f. Beauty Price Performance

The firm has a market capitalization of $4.40 billion, a PE ratio of 42.08, a price-to-earnings-growth ratio of 7.21 and a beta of 1.71. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.89 and a current ratio of 2.76. The business’s 50 day moving average is $82.25 and its two-hundred day moving average is $104.75.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Wednesday, February 4th. The company reported $1.24 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $461.78 million. During the same quarter in the prior year, the business posted $0.74 earnings per share. The business’s quarterly revenue was up 37.8% on a year-over-year basis. e.l.f. Beauty has set its FY 2026 guidance at 3.050-3.100 EPS. Equities research analysts anticipate that e.l.f. Beauty will post 2.38 earnings per share for the current fiscal year.

About e.l.f. Beauty

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.