Group 1 - elf Beauty Inc announced a $1 billion acquisition of Rhode, a skincare brand founded by Hailey Bieber, which is expected to enhance its skincare offerings and attract higher-income consumers [1] - The acquisition news coincided with a strong fiscal fourth-quarter earnings report, where elf Beauty reported adjusted earnings of 78 cents per share on $333 million in revenue, surpassing Wall Street expectations [1] - The company withheld full-year guidance due to uncertainties related to tariffs [1] Group 2 - Following the acquisition announcement, elf Beauty's stock surged 31.1% to $118.63, marking its highest level since January and reducing its year-to-date deficit to 6% [2] - The stock has experienced a nearly 90% increase in the past month and has reclaimed its 200-day moving average, which had been a resistance level since last August [2] Group 3 - At least four analysts raised their price targets for elf Beauty, with Canaccord Genuity increasing its target from $105 to $114, indicating potential for further upward revisions [3] - The average 12-month target for the stock is $99.22, suggesting a nearly 10% discount to current trading levels [3] Group 4 - Options activity for elf Beauty is significantly high, with over 25,000 calls and 21,000 puts exchanged, which is 13 times the average intraday volume [4] - New positions are being opened at nine of the ten most active contracts, led by the weekly 5/30 110-strike put [4]