New York State Teachers Retirement System Sells 300 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

New York State Teachers Retirement System trimmed its position in e.l.f. Beauty, Inc. (NYSE:ELF) by 0.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 54,428 shares of the company’s stock after selling 300 shares during the quarter. New York State Teachers Retirement System’s holdings in e.l.f. Beauty were worth $5,934,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ELF. Ashton Thomas Private Wealth LLC acquired a new stake in shares of e.l.f. Beauty in the 2nd quarter worth $26,000. Matrix Trust Co purchased a new stake in e.l.f. Beauty in the second quarter valued at about $27,000. Innealta Capital LLC purchased a new stake in e.l.f. Beauty in the second quarter valued at about $30,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in e.l.f. Beauty by 405.9% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock worth $36,000 after acquiring an additional 138 shares in the last quarter. Finally, Crewe Advisors LLC grew its stake in shares of e.l.f. Beauty by 456.3% during the second quarter. Crewe Advisors LLC now owns 178 shares of the company’s stock worth $38,000 after acquiring an additional 146 shares during the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on ELF. UBS Group decreased their price objective on shares of e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Stifel Nicolaus lowered their target price on shares of e.l.f. Beauty from $161.00 to $131.00 and set a “hold” rating on the stock in a research note on Thursday, October 24th. Robert W. Baird cut their price target on e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating for the company in a report on Monday, October 21st. Morgan Stanley decreased their target price on shares of e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating on the stock in a report on Monday, September 30th. Finally, TD Cowen cut their price objective on e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $183.80.

e.l.f. Beauty Stock Up 3.2 %

NYSE:ELF opened at $107.18 on Wednesday. The company has a market capitalization of $6.04 billion, a price-to-earnings ratio of 51.04, a price-to-earnings-growth ratio of 2.15 and a beta of 1.44. The stock has a 50-day simple moving average of $114.72 and a 200 day simple moving average of $156.82. 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 one year low of $92.16 and a one year high of $221.83.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.87 earnings per share (EPS) for the quarter, beating 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 company had revenue of $324.48 million during the quarter, compared to the consensus estimate of $303.60 million. Sell-side analysts predict that e.l.f. Beauty, Inc. will post 2.88 EPS for the current fiscal year.

Insider Activity

In other e.l.f. Beauty news, CEO Tarang Amin sold 23,528 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $136.45, for a total transaction of $3,210,395.60. Following the completion of the sale, the chief executive officer now directly owns 106,016 shares of the company’s stock, valued at approximately $14,465,883.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.50% of the company’s stock.

e.l.f. Beauty Company Profile

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.