Strs Ohio Acquires 1,300 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Strs Ohio boosted its holdings in e.l.f. Beauty, Inc. (NYSE:ELF) by 9.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 14,700 shares of the company’s stock after buying an additional 1,300 shares during the quarter. Strs Ohio’s holdings in e.l.f. Beauty were worth $2,121,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Vontobel Holding Ltd. bought a new stake in shares of e.l.f. Beauty during the 4th quarter valued at about $291,000. Louisiana State Employees Retirement System purchased a new stake in e.l.f. Beauty in the fourth quarter valued at approximately $3,984,000. Mutual of America Capital Management LLC lifted its position in e.l.f. Beauty by 1.2% during the fourth quarter. Mutual of America Capital Management LLC now owns 9,661 shares of the company’s stock valued at $1,394,000 after purchasing an additional 117 shares during the last quarter. Moody Aldrich Partners LLC bought a new stake in e.l.f. Beauty during the fourth quarter valued at approximately $5,074,000. Finally, Wakefield Asset Management LLLP grew its stake in e.l.f. Beauty by 6.9% in the 4th quarter. Wakefield Asset Management LLLP now owns 6,758 shares of the company’s stock worth $975,000 after buying an additional 439 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ELF has been the topic of several research reports. Truist Financial raised their price objective on shares of e.l.f. Beauty from $150.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. StockNews.com lowered e.l.f. Beauty from a “hold” rating to a “sell” rating in a research note on Wednesday, February 7th. Piper Sandler increased their price objective on e.l.f. Beauty from $225.00 to $228.00 and gave the company an “overweight” rating in a research report on Tuesday, April 9th. Bank of America boosted their target price on e.l.f. Beauty from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Finally, TD Cowen raised e.l.f. Beauty from a “hold” rating to a “buy” rating and cut their target price for the stock from $220.00 to $190.00 in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, e.l.f. Beauty has a consensus rating of “Moderate Buy” and a consensus target price of $184.33.

Insider Activity at e.l.f. Beauty

In related news, CEO Tarang Amin sold 6,832 shares of e.l.f. Beauty stock in a transaction on Friday, April 5th. The shares were sold at an average price of $162.63, for a total value of $1,111,088.16. Following the sale, the chief executive officer now owns 228,175 shares in the company, valued at $37,108,100.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other e.l.f. Beauty news, insider Kory Marchisotto sold 29,408 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $166.40, for a total transaction of $4,893,491.20. Following the transaction, the insider now owns 156,969 shares in the company, valued at approximately $26,119,641.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Tarang Amin sold 6,832 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $162.63, for a total value of $1,111,088.16. Following the completion of the transaction, the chief executive officer now owns 228,175 shares of the company’s stock, valued at approximately $37,108,100.25. The disclosure for this sale can be found here. Insiders sold a total of 164,325 shares of company stock worth $28,081,154 over the last quarter. 5.20% of the stock is owned by corporate insiders.

e.l.f. Beauty Stock Performance

Shares of NYSE:ELF opened at $156.73 on Friday. The company has a current ratio of 1.50, a quick ratio of 0.83 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average price of $186.27 and a 200-day moving average price of $148.90. The company has a market cap of $8.70 billion, a price-to-earnings ratio of 69.35, a price-to-earnings-growth ratio of 1.54 and a beta of 1.57. e.l.f. Beauty, Inc. has a 12 month low of $83.80 and a 12 month high of $221.83.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.11. e.l.f. Beauty had a return on equity of 28.98% and a net margin of 14.53%. The company had revenue of $270.94 million for the quarter, compared to the consensus estimate of $239.66 million. As a group, equities analysts anticipate that e.l.f. Beauty, Inc. will post 2.5 EPS for the current year.

e.l.f. Beauty Company Profile

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.