e.l.f. Beauty (ELF) – Analysts’ Weekly Ratings Updates

Posted by Amber O'Connor on Jan 22nd, 2025

Several brokerages have updated their recommendations and price targets on shares of e.l.f. Beauty (NYSE: ELF) in the last few weeks:

1/21/2025 – e.l.f. Beauty had its “buy” rating reaffirmed by analysts at DA Davidson. They now have a $170.00 price target on the stock.
1/16/2025 – e.l.f. Beauty had its price target raised by analysts at JPMorgan Chase & Co. from $154.00 to $163.00. They now have an “overweight” rating on the stock.
1/16/2025 – e.l.f. Beauty had its price target raised by analysts at UBS Group AG from $156.00 to $158.00. They now have a “buy” rating on the stock.
1/13/2025 – e.l.f. Beauty was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a $153.00 price target on the stock, up previously from $139.00.
1/6/2025 – e.l.f. Beauty had its price target raised by analysts at Piper Sandler from $165.00 to $167.00. They now have an “overweight” rating on the stock.
12/19/2024 – e.l.f. Beauty had its “buy” rating reaffirmed by analysts at DA Davidson. They now have a $170.00 price target on the stock.
12/18/2024 – e.l.f. Beauty had its price target raised by analysts at Truist Financial Co. from $130.00 to $150.00. They now have a “buy” rating on the stock.
12/13/2024 – e.l.f. Beauty is now covered by analysts at The Goldman Sachs Group, Inc.. They set a “buy” rating and a $165.00 price target on the stock.
12/12/2024 – e.l.f. Beauty is now covered by analysts at Deutsche Bank Aktiengesellschaft. They set a “hold” rating and a $133.00 price target on the stock.
12/11/2024 – e.l.f. Beauty had its “buy” rating reaffirmed by analysts at DA Davidson. They now have a $170.00 price target on the stock.
11/25/2024 – e.l.f. Beauty had its “buy” rating reaffirmed by analysts at DA Davidson. They now have a $170.00 price target on the stock.

e.l.f. Beauty Trading Down 6.6 %

Shares of ELF opened at $118.59 on Wednesday. e.l.f. Beauty, Inc. has a 12 month low of $98.50 and a 12 month high of $221.83. The stock’s 50-day moving average is $129.13 and its two-hundred day moving average is $135.95. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01. The stock has a market cap of $6.68 billion, a PE ratio of 64.10, a P/E/G ratio of 2.21 and a beta of 1.50.

e.l.f. Beauty (NYSE:ELF – Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.34. The firm had revenue of $301.10 million during the quarter, compared to analysts’ expectations of $289.43 million. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. e.l.f. Beauty’s quarterly revenue was up 39.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.66 EPS. Equities analysts forecast that e.l.f. Beauty, Inc. will post 2.79 earnings per share for the current fiscal year.

Insider Transactions at e.l.f. Beauty

In other news, CEO Tarang Amin sold 890 shares of e.l.f. Beauty stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $137.60, for a total value of $122,464.00. Following the completion of the transaction, the chief executive officer now directly owns 99,699 shares of the company’s stock, valued at approximately $13,718,582.40. The trade was a 0.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Maureen C. Watson sold 785 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $130.00, for a total transaction of $102,050.00. Following the sale, the director now owns 1,888 shares in the company, valued at approximately $245,440. This trade represents a 29.37 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,205 shares of company stock valued at $297,442. 3.50% of the stock is currently owned by insiders.

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

Several institutional investors have recently made changes to their positions in the stock. Baillie Gifford & Co. boosted its position in e.l.f. Beauty by 39.5% during the 3rd quarter. Baillie Gifford & Co. now owns 5,305,692 shares of the company’s stock valued at $578,480,000 after purchasing an additional 1,501,151 shares during the period. Champlain Investment Partners LLC acquired a new position in shares of e.l.f. Beauty during the third quarter valued at $121,558,000. Swedbank AB acquired a new position in shares of e.l.f. Beauty during the third quarter valued at $76,321,000. Clearbridge Investments LLC grew its position in shares of e.l.f. Beauty by 84.4% during the second quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock worth $265,432,000 after acquiring an additional 576,383 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in shares of e.l.f. Beauty by 223.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 555,287 shares of the company’s stock worth $60,543,000 after acquiring an additional 383,478 shares during the period. 92.44% of the stock is owned by institutional investors.

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.