e.l.f. Beauty, Inc. (NYSE:ELF) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lowered its position in shares of e.l.f. Beauty, Inc. (NYSE:ELFFree Report) by 17.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,829 shares of the company’s stock after selling 9,599 shares during the period. New York State Teachers Retirement System owned 0.08% of e.l.f. Beauty worth $5,628,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Blue Trust Inc. grew its position in shares of e.l.f. Beauty by 2,357.1% in the 3rd quarter. Blue Trust Inc. now owns 516 shares of the company’s stock valued at $56,000 after buying an additional 495 shares during the last quarter. Raymond James & Associates boosted its stake in e.l.f. Beauty by 44.4% in the third quarter. Raymond James & Associates now owns 178,467 shares of the company’s stock valued at $19,458,000 after acquiring an additional 54,836 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of e.l.f. Beauty by 6.5% during the third quarter. Sequoia Financial Advisors LLC now owns 2,609 shares of the company’s stock worth $284,000 after purchasing an additional 159 shares during the last quarter. Private Advisor Group LLC increased its position in shares of e.l.f. Beauty by 289.8% during the third quarter. Private Advisor Group LLC now owns 19,396 shares of the company’s stock worth $2,115,000 after purchasing an additional 14,420 shares in the last quarter. Finally, Guidance Capital Inc. lifted its holdings in shares of e.l.f. Beauty by 17.6% in the 3rd quarter. Guidance Capital Inc. now owns 3,549 shares of the company’s stock valued at $384,000 after purchasing an additional 531 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

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

In related news, insider Scott Milsten sold 530 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $72,928.00. Following the sale, the insider now owns 68,853 shares of the company’s stock, valued at $9,474,172.80. This represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Maureen C. Watson sold 785 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $130.00, for a total transaction of $102,050.00. Following the completion of the transaction, the director now directly owns 1,888 shares in the company, valued at approximately $245,440. This represents a 29.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,205 shares of company stock worth $297,442. Insiders own 3.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ELF. Truist Financial increased their price target on shares of e.l.f. Beauty from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Jefferies Financial Group lowered their price target 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. Morgan Stanley restated an “equal weight” rating and set a $70.00 price objective (down from $153.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. The Goldman Sachs Group cut their price objective on shares of e.l.f. Beauty from $165.00 to $142.00 and set a “buy” rating for the company in a research report on Friday, February 7th. Finally, DA Davidson reiterated a “neutral” rating and set a $80.00 price objective on shares of e.l.f. Beauty in a report on Tuesday. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $134.00.

Check Out Our Latest Analysis on ELF

e.l.f. Beauty Trading Down 2.9 %

Shares of ELF opened at $71.01 on Friday. The firm has a market capitalization of $4.00 billion, a PE ratio of 42.02, a price-to-earnings-growth ratio of 6.87 and a beta of 1.47. e.l.f. Beauty, Inc. has a 12-month low of $63.50 and a 12-month high of $221.83. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. The stock’s fifty day simple moving average is $112.70 and its 200-day simple moving average is $122.09.

e.l.f. Beauty (NYSE:ELFGet Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.35). e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. As a group, research analysts predict that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current year.

e.l.f. Beauty Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for e.l.f. Beauty (NYSE:ELF)

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