Fintel reports that on December 13, 2024, Goldman Sachs initiated coverage of e.l.f. Beauty (NYSE:ELF) with a Buy recommendation.
Analyst Price Forecast Suggests 21.99% Upside
As of December 3, 2024, the average one-year price target for e.l.f. Beauty is $160.43/share. The forecasts range from a low of $116.15 to a high of $210.00. The average price target represents an increase of 21.99% from its latest reported closing price of $131.51 / share.
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The projected annual revenue for e.l.f. Beauty is 628MM, a decrease of 48.40%. The projected annual non-GAAP EPS is 1.53.
What is the Fund Sentiment?
There are 1,152 funds or institutions reporting positions in e.l.f. Beauty. This is an decrease of 27 owner(s) or 2.29% in the last quarter. Average portfolio weight of all funds dedicated to ELF is 0.26%, an increase of 29.20%. Total shares owned by institutions increased in the last three months by 14.60% to 73,270K shares. 
The put/call ratio of ELF is 1.00, indicating a bullish outlook.
What are Other Shareholders Doing?
Baillie Gifford holds 5,306K shares representing 9.42% ownership of the company. In its prior filing, the firm reported owning 3,805K shares , representing an increase of 28.29%. The firm decreased its portfolio allocation in ELF by 30.69% over the last quarter.
Jpmorgan Chase holds 2,785K shares representing 4.94% ownership of the company. In its prior filing, the firm reported owning 2,529K shares , representing an increase of 9.18%. The firm decreased its portfolio allocation in ELF by 47.13% over the last quarter.
Wellington Management Group Llp holds 2,430K shares representing 4.31% ownership of the company. In its prior filing, the firm reported owning 3,117K shares , representing a decrease of 28.26%. The firm decreased its portfolio allocation in ELF by 94.45% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,794K shares representing 3.18% ownership of the company. In its prior filing, the firm reported owning 1,669K shares , representing an increase of 6.99%. The firm decreased its portfolio allocation in ELF by 47.75% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 1,763K shares representing 3.13% ownership of the company. In its prior filing, the firm reported owning 1,727K shares , representing an increase of 2.06%. The firm decreased its portfolio allocation in ELF by 51.75% over the last quarter.
e.l.f. Beauty Background Information
(This description is provided by the company.)
e.l.f. Beauty stands with every eye, lip, face and paw. This deep commitment to inclusive, accessible, cruelty-free beauty has fueled the success of its namesake e.l.f. Cosmetics brand since 2004. With the addition of pioneering clean-beauty brand W3LL PEOPLE and launch of the lifestyle beauty brand Keys Soulcare created with Alicia Keys, the Company continues to strategically expand its portfolio with brands that support its purpose and values. The family of Company's brands is available online, and across leading beauty, mass-market, and clean beauty specialty retailers.
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