Mutual of America Capital Management LLC Has $6.70 Million Stock Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Mutual of America Capital Management LLC reduced its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 3.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,781 shares of the company’s stock after selling 1,294 shares during the quarter. Mutual of America Capital Management LLC owned 0.06% of e.l.f. Beauty worth $6,697,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of ELF. Ashton Thomas Private Wealth LLC acquired a new position in shares of e.l.f. Beauty during the second quarter valued at about $26,000. Matrix Trust Co bought a new position in e.l.f. Beauty during the second quarter valued at about $27,000. Innealta Capital LLC acquired a new position in e.l.f. Beauty in the 2nd quarter valued at approximately $30,000. Harbor Investment Advisory LLC bought a new stake in shares of e.l.f. Beauty in the 1st quarter worth approximately $31,000. Finally, Whittier Trust Co. of Nevada Inc. increased its position in shares of e.l.f. Beauty by 405.9% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock valued at $36,000 after purchasing an additional 138 shares during the period. 92.44% of the stock is owned by institutional investors.

e.l.f. Beauty Price Performance

Shares of ELF stock opened at $114.62 on Friday. e.l.f. Beauty, Inc. has a 52 week low of $88.47 and a 52 week high of $221.83. The stock has a market capitalization of $6.41 billion, a PE ratio of 51.63, a PEG ratio of 2.37 and a beta of 1.45. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.10 and a current ratio of 1.77. The stock’s fifty day moving average is $155.66 and its 200-day moving average is $175.25.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.20. The firm had revenue of $324.48 million for the quarter, compared to analyst estimates of $303.60 million. e.l.f. Beauty had a net margin of 10.80% and a return on equity of 23.30%. Equities research analysts expect 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 15,386 shares of the company’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $200.85, for a total transaction of $3,090,278.10. Following the transaction, the chief executive officer now owns 171,329 shares of the company’s stock, valued at approximately $34,411,429.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other e.l.f. Beauty news, CEO Tarang Amin sold 15,386 shares of the business’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $200.85, for a total transaction of $3,090,278.10. Following the completion of the sale, the chief executive officer now directly owns 171,329 shares of the company’s stock, valued at approximately $34,411,429.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Joshua Allen Franks sold 3,370 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $201.28, for a total transaction of $678,313.60. Following the transaction, the senior vice president now owns 71,986 shares in the company, valued at $14,489,342.08. The disclosure for this sale can be found here. Insiders have sold 19,304 shares of company stock valued at $3,864,492 over the last three months. 5.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Raymond James reaffirmed a “strong-buy” rating and issued a $235.00 target price on shares of e.l.f. Beauty in a research report on Monday, July 22nd. Baird R W raised shares of e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 18th. Stifel Nicolaus upped their target price on shares of e.l.f. Beauty from $151.00 to $161.00 and gave the company a “hold” rating in a research note on Monday, July 22nd. DA Davidson restated a “buy” rating and set a $223.00 price target on shares of e.l.f. Beauty in a research note on Wednesday. Finally, JPMorgan Chase & Co. decreased their price objective on e.l.f. Beauty from $224.00 to $207.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $198.80.

About e.l.f. Beauty

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.