e.l.f. Beauty appoints new board member following resignation

In a recent shift within e.l.f. Beauty (NYSE:ELF), Inc.’s leadership, the company announced the departure of long-serving board member Beth Pritchard and the appointment of Charles "Chip" Victor Bergh as a Class III director. Pritchard, who has been part of the board since 2017, resigned effective March 31, 2025, with no reported disagreements influencing her departure. The leadership change comes as e.l.f. maintains strong financial health with impressive gross profit margins of 71% and robust revenue growth of 46% over the last twelve months, according to InvestingPro data.

Bergh, who will assume his role on April 1, 2025, brings a wealth of experience to e.l.f. Beauty’s board. He has been a Senior Lecturer at Harvard Business School since July 2024 and previously held the position of President and CEO of Levi Strauss (NYSE:LEVI) & Co. Bergh’s extensive background also includes 28 years at Procter & Gamble and board roles at HP (NYSE:HPQ), Inc., and Pinterest (NYSE:PINS), Inc.

The company’s board expressed gratitude for Pritchard’s contributions and looks forward to Bergh’s tenure, which will be subject to shareholder vote at the 2025 annual meeting. Bergh’s compensation aligns with that of other non-employee directors, and he will enter into the company’s standard indemnification agreement.

This transition in e.l.f. Beauty’s board comes as the company, known for its cosmetics and toiletry products, continues to navigate the competitive beauty industry landscape. The information reported is based on a press release statement from the company’s SEC filing. InvestingPro analysis suggests the stock is currently undervalued, with 12 additional ProTips available to subscribers, offering deeper insights into the company’s financial position and growth prospects.

In other recent news, e.l.f. Beauty has seen several updates from analysts regarding its stock performance and future outlook. DA Davidson has adjusted its financial outlook for e.l.f. Beauty, reducing the price target from $80 to $75 while maintaining a Neutral stance. This adjustment follows a meeting with the company’s CEO, where discussions highlighted a slowdown in point-of-sale (POS) growth and the impact of last year’s lip oil product launch. DA Davidson expressed concerns that the fiscal year 2026 guidance might not meet market expectations, with sales and EBITDA increases potentially falling short.

Additionally, DA Davidson noted that e.l.f. Beauty’s recent product introductions have been incremental, with anticipation for a major product launch now scheduled for April. Meanwhile, Piper Sandler has maintained its Overweight rating on e.l.f. Beauty with a price target of $102, despite observing a deceleration in sales in the latest tracked channel data. Piper Sandler remains optimistic, citing strong performance in untracked channels such as international sales and digital platforms as compensatory factors. The firm views the current valuation of e.l.f. Beauty as appealing, indicating confidence in the company’s strategy and market position.

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