e.l.f. Beauty $ELF Shares Purchased by New York State Teachers Retirement System

New York State Teachers Retirement System boosted its holdings in e.l.f. Beauty (NYSE:ELF) by 0.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 44,095 shares of the company’s stock after buying an additional 100 shares during the period. New York State Teachers Retirement System owned 0.08% of e.l.f. Beauty worth $5,487,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new stake in e.l.f. Beauty in the 1st quarter worth about $33,000. Parallel Advisors LLC boosted its stake in e.l.f. Beauty by 167.9% in the 2nd quarter. Parallel Advisors LLC now owns 627 shares of the company’s stock worth $78,000 after buying an additional 393 shares during the last quarter. Larson Financial Group LLC boosted its stake in e.l.f. Beauty by 56.5% in the 1st quarter. Larson Financial Group LLC now owns 676 shares of the company’s stock worth $42,000 after buying an additional 244 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in e.l.f. Beauty by 577.7% in the 1st quarter. Smartleaf Asset Management LLC now owns 759 shares of the company’s stock worth $49,000 after buying an additional 647 shares during the last quarter. Finally, Ameritas Advisory Services LLC purchased a new position in shares of e.l.f. Beauty in the 2nd quarter worth about $106,000. 92.44% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other e.l.f. Beauty news, CEO Tarang Amin sold 116,315 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $132.24, for a total transaction of $15,381,495.60. Following the completion of the sale, the chief executive officer owned 81,818 shares in the company, valued at $10,819,612.32. This trade represents a 58.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mandy J. Fields sold 5,298 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $150.21, for a total value of $795,812.58. Following the sale, the insider owned 58,856 shares of the company’s stock, valued at approximately $8,840,759.76. This trade represents a 8.26% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 301,060 shares of company stock valued at $40,994,733. Company insiders own 3.90% of the company’s stock.

e.l.f. Beauty Price Performance

ELF stock opened at $127.62 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.34 and a current ratio of 3.26. e.l.f. Beauty has a 1 year low of $49.40 and a 1 year high of $150.99. The firm has a market cap of $7.57 billion, a P/E ratio of 75.07, a price-to-earnings-growth ratio of 3.17 and a beta of 1.57. The stock has a 50-day simple moving average of $131.38 and a 200-day simple moving average of $108.22.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ELF. JPMorgan Chase & Co. raised their price objective on e.l.f. Beauty from $130.00 to $168.00 and gave the stock an “overweight” rating in a report on Friday, October 10th. B. Riley raised their price objective on e.l.f. Beauty from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, September 10th. The Goldman Sachs Group raised their price objective on e.l.f. Beauty from $137.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Raymond James Financial raised their price objective on e.l.f. Beauty from $155.00 to $165.00 and gave the stock a “strong-buy” rating in a report on Monday. Finally, UBS Group raised their price objective on e.l.f. Beauty from $112.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $142.73.

e.l.f. Beauty Company 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.