Key Points
- CEO insider sale: Tarang Amin sold 47,000 e.l.f. Beauty shares for approximately $4.86 million at an average price of $103.31, reducing his direct holdings by 25.9%.
- Strong quarterly performance: e.l.f. Beauty reported $1.75 in quarterly EPS versus the $0.71 consensus estimate, while revenue rose 35.5% year over year to $479.37 million.
- Analyst outlook remains favorable: The stock carries a “Moderate Buy” consensus rating with a $99 average price target, supported by several recent target increases, although shares were trading around $103.83.
e.l.f. Beauty (NYSE:ELF - Get Free Report) CEO Tarang Amin sold 47,000 shares of the company's stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $103.31, for a total transaction of $4,855,570.00. Following the sale, the chief executive officer directly owned 134,496 shares in the company, valued at approximately $13,894,781.76. The trade was a 25.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
e.l.f. Beauty Price Performance
ELF stock opened at $103.83 on Tuesday. The company has a current ratio of 2.55, a quick ratio of 1.82 and a debt-to-equity ratio of 0.69. e.l.f. Beauty has a 12 month low of $48.82 and a 12 month high of $147.75. The stock has a market cap of $6.13 billion, a PE ratio of 103.83, a P/E/G ratio of 2.95 and a beta of 1.61. The company has a 50-day moving average price of $98.02 and a 200 day moving average price of $76.42.
e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.75 earnings per share for the quarter, beating the consensus estimate of $0.71 by $1.04. The firm had revenue of $479.37 million during the quarter, compared to the consensus estimate of $431.20 million. e.l.f. Beauty had a net margin of 3.38% and a return on equity of 14.07%. The company's revenue was up 35.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.89 earnings per share. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. Equities research analysts anticipate that e.l.f. Beauty will post 2.65 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on ELF. UBS Group upped their price target on shares of e.l.f. Beauty from $80.00 to $89.00 and gave the company a "neutral" rating in a research note on Thursday, August 6th. The Goldman Sachs Group set a $100.00 price objective on shares of e.l.f. Beauty in a research note on Thursday, August 6th. Robert W. Baird set a $105.00 price objective on shares of e.l.f. Beauty in a report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $64.00 target price on shares of e.l.f. Beauty in a research note on Tuesday, June 16th. Finally, Citigroup boosted their price target on e.l.f. Beauty from $100.00 to $118.00 and gave the company a "buy" rating in a research note on Monday, September 14th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $99.00.
Check Out Our Latest Report on ELF
Institutional Trading of e.l.f. Beauty
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in e.l.f. Beauty during the second quarter valued at approximately $428,262,000. State Street Corp grew its stake in shares of e.l.f. Beauty by 4.2% during the 2nd quarter. State Street Corp now owns 1,874,997 shares of the company's stock worth $138,647,000 after purchasing an additional 75,842 shares during the period. Primecap Management Co. CA acquired a new stake in shares of e.l.f. Beauty during the 2nd quarter worth approximately $78,202,000. Geode Capital Management LLC increased its holdings 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 purchasing an additional 21,016 shares in the last quarter. Finally, Capital World Investors increased its holdings in shares of e.l.f. Beauty by 40.4% during the 4th quarter. Capital World Investors now owns 929,632 shares of the company's stock valued at $70,689,000 after purchasing an additional 267,696 shares in the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.
Key Stories Impacting e.l.f. Beauty
Here are the key news stories impacting e.l.f. Beauty this week:
- Positive Sentiment: Expansion into fragrance and body care: e.l.f. Beauty is launching e.l.f. POP, a new fragrance and body-care platform. Its first release, the limited-edition holiday “Spicy Bundt Nice” collection, is inspired by Tromsø, Norway. The move broadens e.l.f.’s addressable market beyond cosmetics and skincare and could create new sources of growth, although the financial contribution is not yet known. e.l.f. POP fragrance and body-care launch
- Positive Sentiment: Potential earnings beat: Zacks says e.l.f. has a strong history of exceeding earnings expectations and currently possesses factors that could support another beat in its next quarterly report. This is an analyst-based forecast rather than a reported result, but it may reinforce optimism following the company’s recent revenue and earnings outperformance. Zacks earnings estimate article
- Neutral Sentiment: Marketing investment: e.l.f. released “Mirror Mix,” an original album, as part of a broader effort to increase marketing engagement. The campaign could strengthen brand awareness and customer connection, but it also represents additional spending with no immediate evidence of a material financial impact. CNBC article on e.l.f.’s music marketing
- Negative Sentiment: CEO insider selling: CEO Tarang Amin sold 47,000 ELF shares for approximately $4.86 million at an average price of $103.31, reducing his holdings by 25.9%. Insider sales are not necessarily a negative signal because they may reflect personal financial planning, but the transaction can weigh on sentiment by raising questions about management’s near-term confidence.
e.l.f. Beauty Company Profile
(
Get Free Report)
e.l.f. Beauty, Inc is a cosmetics and skin-care company that develops, markets and sells beauty products through mass retailers, specialty beauty stores, e-commerce platforms and its own websites. Its portfolio includes makeup, skin-care, body-care and related beauty products designed to offer accessible pricing and broad consumer appeal.
The company's principal brand is e.l.f. Cosmetics, which offers products such as complexion makeup, eye cosmetics, lip products, brushes and skin-care items.
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