Mutual of America Capital Management LLC Trims Position in e.l.f. Beauty $ELF

Mutual of America Capital Management LLC lessened its stake in e.l.f. Beauty (NYSE:ELF) by 3.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,047 shares of the company’s stock after selling 979 shares during the period. Mutual of America Capital Management LLC’s holdings in e.l.f. Beauty were worth $3,490,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in ELF. GAMMA Investing LLC increased its stake in e.l.f. Beauty by 132.2% in the 1st quarter. GAMMA Investing LLC now owns 1,999 shares of the company’s stock worth $126,000 after buying an additional 1,138 shares during the period. Flagship Harbor Advisors LLC increased its stake in e.l.f. Beauty by 17.1% in the 1st quarter. Flagship Harbor Advisors LLC now owns 3,226 shares of the company’s stock worth $203,000 after buying an additional 472 shares during the period. Oppenheimer Asset Management Inc. increased its position in e.l.f. Beauty by 36.4% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 43,955 shares of the company’s stock valued at $2,760,000 after purchasing an additional 11,731 shares during the period. Oppenheimer & Co. Inc. increased its position in e.l.f. Beauty by 79.3% during the 1st quarter. Oppenheimer & Co. Inc. now owns 8,047 shares of the company’s stock valued at $505,000 after purchasing an additional 3,558 shares during the period. Finally, Valmark Advisers Inc. increased its position in e.l.f. Beauty by 5.6% during the 1st quarter. Valmark Advisers Inc. now owns 5,568 shares of the company’s stock valued at $350,000 after purchasing an additional 296 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on ELF. Bank of America raised their target price on shares of e.l.f. Beauty from $135.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, September 17th. Weiss Ratings reissued a “hold (c)” rating on shares of e.l.f. Beauty in a research report on Wednesday, October 8th. Cowen reissued a “buy” rating on shares of e.l.f. Beauty in a research report on Wednesday. Canaccord Genuity Group reissued a “buy” rating and set a $165.00 target price on shares of e.l.f. Beauty in a research report on Tuesday. Finally, B. Riley raised their target price on shares of e.l.f. Beauty from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, September 10th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $142.73.

e.l.f. Beauty Price Performance

Shares of ELF opened at $124.65 on Friday. The company has a 50 day moving average of $131.70 and a two-hundred day moving average of $108.94. The company has a market cap of $7.39 billion, a price-to-earnings ratio of 73.32, a price-to-earnings-growth ratio of 2.88 and a beta of 1.57. The company has a quick ratio of 2.34, a current ratio of 3.26 and a debt-to-equity ratio of 0.32. e.l.f. Beauty has a twelve month low of $49.40 and a twelve month high of $150.99.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Wednesday, August 6th. The company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.05. The company had revenue of $353.74 million during the quarter, compared to analysts’ expectations of $348.99 million. e.l.f. Beauty had a net margin of 7.29% and a return on equity of 16.36%. e.l.f. Beauty’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period last year, the business earned $1.10 EPS. As a group, analysts predict that e.l.f. Beauty will post 2.38 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Kory Marchisotto sold 10,812 shares of e.l.f. Beauty stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $150.00, for a total value of $1,621,800.00. Following the completion of the sale, the insider directly owned 133,976 shares in the company, valued at $20,096,400. This trade represents a 7.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Scott Milsten sold 15,000 shares of e.l.f. Beauty stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $150.23, for a total transaction of $2,253,450.00. Following the completion of the sale, the insider owned 97,406 shares of the company’s stock, valued at $14,633,303.38. This trade represents a 13.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 301,060 shares of company stock worth $40,994,733 over the last ninety days. Company insiders own 3.90% of the company’s stock.

e.l.f. Beauty Profile

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.