Short Interest in e.l.f. Beauty (NYSE:ELF) Grows By 21.4%

e.l.f. Beauty (NYSE:ELF) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 6,494,919 shares, an increase of 21.4% from the February 26th total of 5,348,317 shares. Currently, 11.4% of the company’s stock are short sold. Based on an average daily volume of 2,351,520 shares, the days-to-cover ratio is presently 2.8 days.

Analysts Set New Price Targets

Several analysts recently commented on ELF shares. Weiss Ratings reissued a “hold (c)” rating on shares of e.l.f. Beauty in a research report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft dropped their target price on shares of e.l.f. Beauty from $95.00 to $68.00 and set a “hold” rating on the stock in a research note on Monday. UBS Group increased their price target on shares of e.l.f. Beauty from $98.00 to $102.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. Citigroup raised their price target on shares of e.l.f. Beauty from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Finally, Piper Sandler lowered their price objective on 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. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $120.47.

e.l.f. Beauty Stock Up 2.1%

Shares of e.l.f. Beauty stock opened at $60.58 on Wednesday. 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. The company’s 50 day moving average is $80.48 and its 200 day moving average is $93.73. The company has a market cap of $3.58 billion, a price-to-earnings ratio of 34.23, a price-to-earnings-growth ratio of 4.98 and a beta of 1.68.

e.l.f. Beauty (NYSE:ELF) last posted its 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 the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.74 EPS. e.l.f. Beauty has set its FY 2026 guidance at 3.050-3.100 EPS. Research analysts anticipate that e.l.f. Beauty will post 2.38 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Royal Bank of Canada raised its holdings in e.l.f. Beauty by 9.9% in the 1st quarter. Royal Bank of Canada now owns 153,682 shares of the company’s stock worth $9,650,000 after purchasing an additional 13,851 shares during the period. Integrated Wealth Concepts LLC increased its position in e.l.f. Beauty by 168.6% in the first quarter. Integrated Wealth Concepts LLC now owns 6,483 shares of the company’s stock worth $407,000 after buying an additional 4,069 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of e.l.f. Beauty by 176.4% in the first quarter. NewEdge Advisors LLC now owns 4,677 shares of the company’s stock worth $294,000 after buying an additional 2,985 shares during the period. United Services Automobile Association bought a new position in shares of e.l.f. Beauty in the first quarter worth about $240,000. Finally, Franklin Resources Inc. purchased a new position in shares of e.l.f. Beauty during the 2nd quarter valued at about $1,172,000. Institutional investors own 92.44% of the company’s stock.

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.