Strs Ohio Sells 11,191 Shares of e.l.f. Beauty $ELF

Strs Ohio lessened its holdings in e.l.f. Beauty (NYSE:ELF) by 33.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,309 shares of the company’s stock after selling 11,191 shares during the quarter. Strs Ohio’s holdings in e.l.f. Beauty were worth $2,776,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Larson Financial Group LLC boosted its stake in e.l.f. Beauty by 56.5% during the 1st quarter. Larson Financial Group LLC now owns 676 shares of the company’s stock worth $42,000 after acquiring an additional 244 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in e.l.f. Beauty by 577.7% during the 1st quarter. Smartleaf Asset Management LLC now owns 759 shares of the company’s stock worth $49,000 after acquiring an additional 647 shares during the last quarter. Signaturefd LLC boosted its stake in e.l.f. Beauty by 27.9% during the 1st quarter. Signaturefd LLC now owns 858 shares of the company’s stock worth $54,000 after acquiring an additional 187 shares during the last quarter. Brooklyn Investment Group boosted its stake in e.l.f. Beauty by 6,242.9% during the 1st quarter. Brooklyn Investment Group now owns 888 shares of the company’s stock worth $56,000 after acquiring an additional 874 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its stake in e.l.f. Beauty by 1,734.6% during the 2nd quarter. Hantz Financial Services Inc. now owns 477 shares of the company’s stock worth $59,000 after acquiring an additional 451 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Stock Performance

Shares of ELF opened at $120.97 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 twelve month low of $49.40 and a twelve month high of $150.99. The firm’s 50 day moving average price is $132.60 and its two-hundred day moving average price is $113.68. The firm has a market cap of $7.18 billion, a P/E ratio of 71.16, a PEG ratio of 2.84 and a beta of 1.61.

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

Insider Buying and Selling

In other news, insider Mandy J. Fields sold 5,298 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 $150.21, for a total value of $795,812.58. Following the sale, the insider directly owned 58,856 shares in the company, valued at $8,840,759.76. This trade represents a 8.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $1,621,800.00. Following the completion of the sale, the insider owned 133,976 shares in the company, valued at $20,096,400. This trade represents a 7.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 301,060 shares of company stock valued at $40,994,733 over the last ninety days. Insiders own 3.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. The Goldman Sachs Group lifted their price objective on shares of e.l.f. Beauty from $137.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Deutsche Bank Aktiengesellschaft lowered shares of e.l.f. Beauty from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $121.00 to $128.00 in a research note on Tuesday, September 2nd. JPMorgan Chase & Co. lifted their price objective on shares of e.l.f. Beauty from $130.00 to $168.00 and gave the stock an “overweight” rating in a research note on Friday, October 10th. Cowen reaffirmed a “buy” rating on shares of e.l.f. Beauty in a research note on Wednesday, October 22nd. Finally, UBS Group lifted their price target on shares of e.l.f. Beauty from $112.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $145.07.

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.