e.l.f. Beauty, Inc. (NYSE:ELF) Stock Holdings Lessened by Retirement Systems of Alabama

Retirement Systems of Alabama cut its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 3.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 138,312 shares of the company’s stock after selling 5,446 shares during the quarter. Retirement Systems of Alabama owned 0.25% of e.l.f. Beauty worth $17,365,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Wilmington Savings Fund Society FSB acquired a new position in shares of e.l.f. Beauty in the 3rd quarter valued at $25,000. Planning Capital Management Corp boosted its holdings in shares of e.l.f. Beauty by 1,855.0% in the third quarter. Planning Capital Management Corp now owns 391 shares of the company’s stock worth $43,000 after buying an additional 371 shares during the period. nVerses Capital LLC purchased a new position in shares of e.l.f. Beauty in the third quarter worth approximately $44,000. Peterson Financial Group Inc. acquired a new stake in shares of e.l.f. Beauty during the third quarter valued at approximately $45,000. Finally, Financial Life Planners purchased a new stake in shares of e.l.f. Beauty in the 4th quarter valued at approximately $46,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

e.l.f. Beauty Stock Performance

NYSE:ELF opened at $88.76 on Friday. The firm has a market capitalization of $5.00 billion, a PE ratio of 47.98, a PEG ratio of 1.74 and a beta of 1.47. e.l.f. Beauty, Inc. has a 1 year low of $85.41 and a 1 year high of $221.83. The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. The firm’s fifty day simple moving average is $124.44 and its 200 day simple moving average is $128.89.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.35). e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. On average, sell-side analysts anticipate that e.l.f. Beauty, Inc. will post 2.8 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ELF shares. DA Davidson reiterated a “buy” rating and set a $170.00 price objective on shares of e.l.f. Beauty in a research report on Wednesday. JPMorgan Chase & Co. upped their price target on e.l.f. Beauty from $154.00 to $163.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. The Goldman Sachs Group assumed coverage on e.l.f. Beauty in a research report on Friday, December 13th. They set a “buy” rating and a $165.00 price objective for the company. Stifel Nicolaus dropped their target price on e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating on the stock in a report on Monday. Finally, UBS Group raised their price target on shares of e.l.f. Beauty from $156.00 to $158.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, e.l.f. Beauty has an average rating of “Moderate Buy” and an average price target of $166.35.

Insider Transactions at e.l.f. Beauty

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

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.