Teacher Retirement System of Texas Invests $302,000 in e.l.f. Beauty, Inc. (NYSE:ELF)

Teacher Retirement System of Texas acquired a new stake in e.l.f. Beauty, Inc. (NYSE:ELF) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 2,403 shares of the company’s stock, valued at approximately $302,000.

A number of other large investors have also recently bought and sold shares of ELF. Wilmington Savings Fund Society FSB bought a new position in e.l.f. Beauty during the third quarter valued at about $25,000. Promus Capital LLC bought a new position in shares of e.l.f. Beauty in the 4th quarter valued at approximately $31,000. Kestra Investment Management LLC acquired a new stake in e.l.f. Beauty in the 4th quarter worth approximately $32,000. Financial Life Planners bought a new stake in e.l.f. Beauty during the fourth quarter worth approximately $46,000. Finally, New Wave Wealth Advisors LLC acquired a new position in e.l.f. Beauty during the fourth quarter valued at approximately $65,000. 92.44% of the stock is currently owned by institutional investors.

Insider Transactions at e.l.f. Beauty

In other news, Director Maureen C. Watson sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $67.39, for a total value of $269,560.00. Following the transaction, the director now directly owns 1,888 shares of the company’s stock, valued at $127,232.32. The trade was a 67.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.50% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ELF. UBS Group restated a “neutral” rating and issued a $74.00 price objective (down from $158.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. DA Davidson cut their target price on shares of e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. Truist Financial raised their price target on e.l.f. Beauty from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Stifel Nicolaus cut their price objective on e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating for the company in a research report on Monday, February 3rd. Finally, Raymond James lowered their target price on e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating on the stock in a report on Friday, February 7th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $130.24.

e.l.f. Beauty Stock Up 2.4 %

NYSE ELF opened at $64.30 on Wednesday. e.l.f. Beauty, Inc. has a 1-year low of $60.35 and a 1-year high of $219.77. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. The stock’s 50 day moving average is $76.75 and its two-hundred day moving average is $105.03. The company has a market capitalization of $3.63 billion, a price-to-earnings ratio of 38.05, a PEG ratio of 6.76 and a beta of 1.60.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly 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%. Equities analysts forecast that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current fiscal 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.