State of New Jersey Common Pension Fund D Sells 2,922 Shares of e.l.f. Beauty $ELF

State of New Jersey Common Pension Fund D decreased its holdings in e.l.f. Beauty (NYSE:ELF) by 11.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 22,752 shares of the company’s stock after selling 2,922 shares during the period. State of New Jersey Common Pension Fund D’s holdings in e.l.f. Beauty were worth $2,831,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of ELF. GAMMA Investing LLC grew its position in e.l.f. Beauty by 132.2% during the 1st quarter. GAMMA Investing LLC now owns 1,999 shares of the company’s stock worth $126,000 after acquiring an additional 1,138 shares during the last quarter. Oppenheimer & Co. Inc. grew 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 worth $505,000 after acquiring an additional 3,558 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in e.l.f. Beauty during the 1st quarter worth $33,000. KBC Group NV grew its position in e.l.f. Beauty by 0.6% during the 1st quarter. KBC Group NV now owns 283,862 shares of the company’s stock worth $17,824,000 after acquiring an additional 1,765 shares during the last quarter. Finally, WASHINGTON TRUST Co grew its position in e.l.f. Beauty by 10.5% during the 1st quarter. WASHINGTON TRUST Co now owns 109,383 shares of the company’s stock worth $6,868,000 after acquiring an additional 10,392 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

Insider Buying and Selling

In related news, insider Scott Milsten sold 55,581 shares of the company’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $134.56, for a total transaction of $7,478,979.36. Following the transaction, the insider directly owned 112,406 shares of the company’s stock, valued at approximately $15,125,351.36. This represents a 33.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mandy J. Fields sold 55,692 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $136.28, for a total value of $7,589,705.76. Following the transaction, the insider directly owned 64,154 shares in the company, valued at approximately $8,742,907.12. This trade represents a 46.47% 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 three months. Insiders own 3.90% of the company’s stock.

e.l.f. Beauty Stock Up 3.1%

Shares of NYSE:ELF opened at $126.56 on Tuesday. The company has a market capitalization of $7.51 billion, a price-to-earnings ratio of 74.45, a P/E/G ratio of 2.86 and a beta of 1.57. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.26 and a quick ratio of 2.34. The business’s 50-day moving average is $131.88 and its 200-day moving average is $110.72. e.l.f. Beauty has a 1 year low of $49.40 and a 1 year high of $150.99.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data 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. The company had revenue of $353.74 million for the quarter, compared to the consensus estimate of $348.99 million. e.l.f. Beauty had a return on equity of 16.36% and a net margin of 7.29%.The firm’s revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.10 EPS. Equities research analysts predict that e.l.f. Beauty will post 2.38 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ELF. Morgan Stanley boosted their price objective on e.l.f. Beauty from $134.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. Cowen restated a “buy” rating on shares of e.l.f. Beauty in a research report on Wednesday, October 22nd. B. Riley boosted their price objective on e.l.f. Beauty from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, September 10th. Piper Sandler reiterated an “overweight” rating on shares of e.l.f. Beauty in a research report on Wednesday, October 22nd. Finally, The Goldman Sachs Group upped their price target on e.l.f. Beauty from $137.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. One investment 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.