e.l.f. Beauty Inc (NYSE: ELF) Stock: Will It Keep Climbing Higher?

In the last trading session, 2.0 million shares of the e.l.f. Beauty Inc (NYSE:ELF) were traded, and its beta was 1.51. Most recently the company’s share price was $125.57, and it changed around -$0.64 or -0.51% from the last close, which brings the market valuation of the company to $7.07B. ELF currently trades at a discount to its 52-week high of $219.77, offering almost -75.02% off that amount. The share price’s 52-week low was $49.40, which indicates that the current value has risen by an impressive 60.66% since then. We note from e.l.f. Beauty Inc’s average daily trading volume that its 10-day average is 2.17 million shares, with the 3-month average coming to 2.82 million.

e.l.f. Beauty Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.76. If we narrow it down even further, the data shows that 0 out of 17 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 5 recommended ELF as a Hold, whereas 9 deemed it a Buy, and 0 rated it as Underweight.

e.l.f. Beauty Inc (NYSE:ELF) trade information

Instantly ELF has showed a red trend with a performance of -0.51% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 130.67 on recent trading dayincreased the stock’s daily price by 3.9%. The company’s shares are currently up 0.02% year-to-date, but still up 6.45% over the last five days. On the other hand, e.l.f. Beauty Inc (NYSE:ELF) is 58.35% up in the 30-day period. We can see from the shorts that 6.2 million shares have been sold at a short interest cover period of 1.88 day(s).

The consensus price target as assigned by Wall Street analysts is $105, which translates to bulls needing to decrease their stock price by -19.59% from its current value. Analyst projections state that ELF is forecast to be at a low of $75 and a high of $115.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 40.42%. e.l.f. Beauty Inc earnings are expected to increase by 8.36% in 2025, but the outlook is positive 14.40% per year for the next five years.

ELF Dividends

e.l.f. Beauty Inc’s next quarterly earnings report is expected to be released on 2025-May-27.

e.l.f. Beauty Inc (NYSE:ELF)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 3.01% of e.l.f. Beauty Inc shares, and 109.60% of them are in the hands of institutional investors. The stock currently has a share float of 113.00%. e.l.f. Beauty Inc stock is held by 588.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 9.361% of the shares, which is about 5.24 million shares worth $1.1 billion.

BLACKROCK INC., with 9.0681% or 5.08 million shares worth $1.07 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.

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