Louisiana State Employees Retirement System Grows Stock Position in e.l.f. Beauty $ELF

Louisiana State Employees Retirement System raised its holdings in e.l.f. Beauty (NYSE:ELF) by 0.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,900 shares of the company’s stock after buying an additional 100 shares during the quarter. Louisiana State Employees Retirement System’s holdings in e.l.f. Beauty were worth $1,979,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new stake in e.l.f. Beauty in the first quarter valued at about $33,000. Larson Financial Group LLC raised its stake in shares of e.l.f. Beauty by 56.5% in the first quarter. Larson Financial Group LLC now owns 676 shares of the company’s stock worth $42,000 after purchasing an additional 244 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of e.l.f. Beauty by 577.7% in the first quarter. Smartleaf Asset Management LLC now owns 759 shares of the company’s stock worth $49,000 after purchasing an additional 647 shares during the last quarter. Signaturefd LLC raised its stake in shares of e.l.f. Beauty by 27.9% in the first quarter. Signaturefd LLC now owns 858 shares of the company’s stock worth $54,000 after purchasing an additional 187 shares during the last quarter. Finally, Brooklyn Investment Group raised its stake in shares of e.l.f. Beauty by 6,242.9% in the first quarter. Brooklyn Investment Group now owns 888 shares of the company’s stock worth $56,000 after purchasing an additional 874 shares during the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

e.l.f. Beauty Stock Down 10.8%

e.l.f. Beauty stock opened at $129.37 on Friday. The firm has a market cap of $7.67 billion, a price-to-earnings ratio of 76.10, a price-to-earnings-growth ratio of 3.01 and a beta of 1.57. e.l.f. Beauty has a 52 week low of $49.40 and a 52 week high of $150.99. The business’s 50-day moving average price is $128.38 and its 200 day moving average price is $104.93. 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 (NYSE:ELF) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.89 EPS for the quarter, beating the consensus estimate 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 company had revenue of $353.74 million for the quarter, compared to analyst estimates of $348.99 million. During the same period last year, the company earned $1.10 earnings per share. e.l.f. Beauty’s quarterly revenue was up 9.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that e.l.f. Beauty will post 2.38 earnings per share for the current year.

Insider Buying and Selling

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 value of $15,381,495.60. Following the sale, the chief executive officer directly owned 81,818 shares of the company’s stock, valued at approximately $10,819,612.32. This trade represents a 58.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 completion of the sale, the insider directly owned 58,856 shares in the company, valued at approximately $8,840,759.76. The trade was a 8.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 301,060 shares of company stock valued at $40,994,733 in the last 90 days. Corporate insiders own 3.90% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ELF. 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 research note on Wednesday, September 10th. 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 research note on Wednesday. Canaccord Genuity Group set a $165.00 price objective on e.l.f. Beauty in a research note on Tuesday, September 9th. Raymond James Financial restated a “strong-buy” rating and issued a $155.00 price objective (up from $140.00) on shares of e.l.f. Beauty in a research note on Monday, September 8th. Finally, Bank of America raised their target price on e.l.f. Beauty from $135.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, September 17th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $142.07.

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.