e.l.f. Beauty, Inc. (NYSE:ELF) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado lowered its holdings in e.l.f. Beauty, Inc. (NYSE:ELF) by 0.5% in the 2nd quarter, Holdings Channel.com reports. The fund owned 86,759 shares of the company’s stock after selling 437 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in e.l.f. Beauty were worth $18,282,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. Precision Wealth Strategies LLC purchased a new position in e.l.f. Beauty in the fourth quarter valued at about $254,000. Janney Montgomery Scott LLC lifted its position in e.l.f. Beauty by 43.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 20,975 shares of the company’s stock worth $3,028,000 after acquiring an additional 6,356 shares in the last quarter. Norges Bank purchased a new position in e.l.f. Beauty in the 4th quarter worth approximately $95,611,000. UBS Group AG grew its position in e.l.f. Beauty by 28.0% in the fourth quarter. UBS Group AG now owns 238,751 shares of the company’s stock valued at $34,461,000 after acquiring an additional 52,161 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of e.l.f. Beauty by 56.9% during the fourth quarter. Wells Fargo & Company MN now owns 71,070 shares of the company’s stock valued at $10,258,000 after purchasing an additional 25,774 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Insider Buying and Selling

In related news, SVP Joshua Allen Franks sold 3,370 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $201.28, for a total transaction of $678,313.60. Following the completion of the transaction, the senior vice president now owns 71,986 shares in the company, valued at approximately $14,489,342.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Joshua Allen Franks sold 3,370 shares of e.l.f. Beauty stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $201.28, for a total value of $678,313.60. Following the sale, the senior vice president now directly owns 71,986 shares in the company, valued at approximately $14,489,342.08. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Tarang Amin sold 548 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $175.00, for a total transaction of $95,900.00. Following the completion of the sale, the chief executive officer now owns 214,507 shares in the company, valued at approximately $37,538,725. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,304 shares of company stock valued at $3,864,492. Insiders own 5.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Canaccord Genuity Group upped their target price on shares of e.l.f. Beauty from $214.00 to $250.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. Truist Financial raised their target price on e.l.f. Beauty from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. B. Riley started coverage on e.l.f. Beauty in a research note on Tuesday, September 10th. They issued a “buy” rating and a $175.00 price target on the stock. Stifel Nicolaus raised their price objective on e.l.f. Beauty from $151.00 to $161.00 and gave the company a “hold” rating in a research note on Monday, July 22nd. Finally, UBS Group cut their target price on e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $198.80.

e.l.f. Beauty Stock Down 1.5 %

Shares of NYSE:ELF opened at $112.89 on Friday. The company’s fifty day moving average is $153.71 and its two-hundred day moving average is $174.58. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.10 and a current ratio of 1.77. e.l.f. Beauty, Inc. has a 1-year low of $88.47 and a 1-year high of $221.83. The stock has a market capitalization of $6.31 billion, a price-to-earnings ratio of 50.85, a price-to-earnings-growth ratio of 2.37 and a beta of 1.45.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.20. e.l.f. Beauty had a net margin of 10.80% and a return on equity of 23.30%. The firm had revenue of $324.48 million for the quarter, compared to analyst estimates of $303.60 million. Equities analysts anticipate that e.l.f. Beauty, Inc. will post 2.88 EPS for the current year.

About e.l.f. Beauty

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.