State of New Jersey Common Pension Fund D Boosts Stock Position in e.l.f. Beauty, Inc. (NYSE:ELF)

State of New Jersey Common Pension Fund D boosted its stake in e.l.f. Beauty, Inc. (NYSE:ELF) by 4.2% during the third quarter, Holdings Channel.com reports. The fund owned 21,443 shares of the company’s stock after purchasing an additional 874 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in e.l.f. Beauty were worth $2,338,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ELF. Baillie Gifford & Co. acquired a new stake in shares of e.l.f. Beauty in the second quarter valued at about $801,693,000. Swedbank AB acquired a new stake in e.l.f. Beauty in the 3rd quarter worth about $76,321,000. Clearbridge Investments LLC purchased a new stake in e.l.f. Beauty during the 1st quarter worth approximately $133,940,000. 1832 Asset Management L.P. acquired a new position in shares of e.l.f. Beauty during the first quarter valued at approximately $61,299,000. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of e.l.f. Beauty by 55.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 730,377 shares of the company’s stock valued at $79,633,000 after acquiring an additional 261,707 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on ELF. Morgan Stanley reduced their price objective on e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating for the company in a research note on Monday, September 30th. Baird R W upgraded shares of e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 18th. Raymond James restated a “strong-buy” rating and set a $235.00 price target on shares of e.l.f. Beauty in a research report on Monday, July 22nd. Stifel Nicolaus cut their price objective on shares of e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating for the company in a report on Thursday, November 7th. Finally, Jefferies Financial Group lowered their target price on e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, e.l.f. Beauty presently has an average rating of “Moderate Buy” and a consensus target price of $173.53.

Insider Transactions at e.l.f. Beauty

In related news, CEO Tarang Amin sold 23,528 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $136.45, for a total value of $3,210,395.60. Following the sale, the chief executive officer now owns 106,016 shares in the company, valued at approximately $14,465,883.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.50% of the company’s stock.

e.l.f. Beauty Trading Down 6.5 %

NYSE ELF opened at $122.83 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01. The stock has a market capitalization of $6.92 billion, a P/E ratio of 66.75, a PEG ratio of 2.88 and a beta of 1.44. The firm’s 50-day moving average is $111.97 and its two-hundred day moving average is $154.96. e.l.f. Beauty, Inc. has a 12 month low of $98.50 and a 12 month high of $221.83.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.43 by $0.34. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. The firm had revenue of $301.10 million for the quarter, compared to analyst estimates of $289.43 million. During the same period in the prior year, the business posted $0.66 EPS. The business’s revenue for the quarter was up 39.7% compared to the same quarter last year. On average, sell-side analysts anticipate that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current year.

e.l.f. Beauty 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.