Elf Beauty slumps on downbeat annual forecasts as tariffs bite

e.l.f. Beauty

06/11/2025 14:05

** Shares of Elf Beauty ELF.N slump 24% to $89.95 premarket after the cosmetics-maker forecasts annual sales and profit below analysts' estimates

** Stock set to touch a five-month low at open, if losses hold

** Co is grappling with higher tariff costs and cautious consumer spending, which led to the downbeat forecast

** At least 5 brokerages cut PT on stock after results, Piper Sandler cuts PT to $ 100, the lowest among the brokerages, as per LSEG data

** 13 of 17 brokerages rate the stock "buy" or higher, and four "hold"; their median PT is $130

** Up to last close, stock down 6.1% YTD

 (Reporting by Avinash P in Bengaluru)

 ((Avinash.p@thomsonreuters.com))