New York State Common Retirement Fund Increases Stock Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

New York State Common Retirement Fund boosted its position in e.l.f. Beauty, Inc. (NYSE:ELF) by 2.5% in the 4th quarter, Holdings Channel reports. The firm owned 35,350 shares of the company’s stock after acquiring an additional 848 shares during the quarter. New York State Common Retirement Fund’s holdings in e.l.f. Beauty were worth $4,438,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ELF. Wilmington Savings Fund Society FSB acquired a new position in e.l.f. Beauty in the 3rd quarter valued at $25,000. Kestra Investment Management LLC acquired a new position in e.l.f. Beauty in the 4th quarter valued at $32,000. Planning Capital Management Corp raised its stake in e.l.f. Beauty by 1,855.0% in the 3rd quarter. Planning Capital Management Corp now owns 391 shares of the company’s stock valued at $43,000 after purchasing an additional 371 shares during the last quarter. Peterson Financial Group Inc. acquired a new position in e.l.f. Beauty in the 3rd quarter valued at $45,000. Finally, Financial Life Planners acquired a new stake in shares of e.l.f. Beauty in the 4th quarter worth $46,000. 92.44% of the stock is owned by institutional investors and hedge funds.

e.l.f. Beauty Stock Performance

Shares of e.l.f. Beauty stock opened at $70.27 on Friday. The business has a 50-day moving average of $104.17 and a 200 day moving average of $117.58. e.l.f. Beauty, Inc. has a 12 month low of $63.50 and a 12 month high of $221.83. The stock has a market capitalization of $3.96 billion, a price-to-earnings ratio of 41.58, a price-to-earnings-growth ratio of 6.76 and a beta of 1.47. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.17.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results 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 net margin of 7.55% and a return on equity of 16.88%. As a group, sell-side analysts forecast that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on ELF. Raymond James cut their target price on e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating for the company in a research note on Friday, February 7th. Stifel Nicolaus cut their target price on e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating for the company in a research note on Monday, February 3rd. Morgan Stanley reaffirmed an “equal weight” rating and issued a $70.00 target price (down from $153.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. The Goldman Sachs Group cut their target price on e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Finally, Canaccord Genuity Group cut their target price on e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, February 7th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, e.l.f. Beauty currently has an average rating of “Moderate Buy” and a consensus price target of $132.94.

Insider Activity at e.l.f. Beauty

In other news, insider Scott Milsten sold 530 shares of e.l.f. Beauty stock in a transaction dated Friday, December 6th. The stock was 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 owns 68,853 shares in the company, valued at approximately $9,474,172.80. This trade represents a 0.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Tarang Amin sold 890 shares of e.l.f. Beauty stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $137.60, for a total value of $122,464.00. Following the completion of the transaction, the chief executive officer now owns 99,699 shares of the company’s stock, valued at $13,718,582.40. The trade was a 0.88 % decrease in their position. The disclosure for this sale can be found here. 3.50% of the stock is currently owned by company insiders.

e.l.f. Beauty Company 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.