e.l.f. Beauty $ELF Shares Purchased by Retirement Systems of Alabama

Retirement Systems of Alabama raised its holdings in shares of e.l.f. Beauty (NYSE:ELF) by 0.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 138,751 shares of the company’s stock after purchasing an additional 287 shares during the quarter. Retirement Systems of Alabama’s holdings in e.l.f. Beauty were worth $17,266,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of ELF. Champlain Investment Partners LLC grew its stake in e.l.f. Beauty by 19.7% during the 1st quarter. Champlain Investment Partners LLC now owns 2,665,026 shares of the company’s stock valued at $167,337,000 after purchasing an additional 438,575 shares in the last quarter. Prime Capital Management Co Ltd grew its stake in e.l.f. Beauty by 167.8% during the 1st quarter. Prime Capital Management Co Ltd now owns 604,535 shares of the company’s stock valued at $37,959,000 after purchasing an additional 378,826 shares in the last quarter. Mackenzie Financial Corp grew its stake in e.l.f. Beauty by 68.0% during the 1st quarter. Mackenzie Financial Corp now owns 862,671 shares of the company’s stock valued at $54,167,000 after purchasing an additional 349,024 shares in the last quarter. Swedbank AB grew its stake in e.l.f. Beauty by 42.6% during the 1st quarter. Swedbank AB now owns 1,157,760 shares of the company’s stock valued at $72,696,000 after purchasing an additional 345,760 shares in the last quarter. Finally, Aberdeen Group plc grew its stake in e.l.f. Beauty by 152.3% during the 2nd quarter. Aberdeen Group plc now owns 379,658 shares of the company’s stock valued at $47,245,000 after purchasing an additional 229,196 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Insider Buying and Selling at e.l.f. Beauty

In related news, SVP Joshua Allen Franks sold 7,913 shares of the business’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $145.00, for a total transaction of $1,147,385.00. Following the completion of the transaction, the senior vice president owned 99,369 shares in the company, valued at $14,408,505. The trade was a 7.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Tarang Amin sold 116,315 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $132.24, for a total value of $15,381,495.60. Following the transaction, the chief executive officer owned 81,818 shares of the company’s stock, valued at $10,819,612.32. This represents a 58.71% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 301,060 shares of company stock worth $40,994,733. 3.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ELF. Piper Sandler restated an “overweight” rating on shares of e.l.f. Beauty in a research note on Wednesday, October 22nd. Jefferies Financial Group lifted their target price on e.l.f. Beauty from $135.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday. Weiss Ratings reiterated a “hold (c)” rating on shares of e.l.f. Beauty in a research report on Wednesday, October 8th. Bank of America lifted their target price on e.l.f. Beauty from $135.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, September 17th. Finally, UBS Group lifted their target price on e.l.f. Beauty from $112.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $145.07.

e.l.f. Beauty Price Performance

Shares of ELF opened at $122.21 on Friday. The firm has a market cap of $7.25 billion, a price-to-earnings ratio of 71.89, a PEG ratio of 2.86 and a beta of 1.57. The stock has a 50 day moving average of $132.46 and a 200-day moving average of $112.33. The company has a current ratio of 3.26, a quick ratio of 2.34 and a debt-to-equity ratio of 0.32. e.l.f. Beauty has a 52 week low of $49.40 and a 52 week high of $150.99.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.89 earnings per share (EPS) for the quarter, topping 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 business had revenue of $353.74 million for the quarter, compared to the consensus estimate of $348.99 million. During the same quarter last year, the business posted $1.10 EPS. The business’s revenue was up 9.0% on a year-over-year basis. As a group, analysts forecast that e.l.f. Beauty will post 2.38 EPS for the current year.

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.