New York State Common Retirement Fund Has $6.32 Million Position in e.l.f. Beauty, Inc. (NYSE:ELF)

New York State Common Retirement Fund decreased its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 21.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,773 shares of the company’s stock after selling 12,075 shares during the period. New York State Common Retirement Fund’s holdings in e.l.f. Beauty were worth $6,318,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in ELF. Armstrong Advisory Group Inc. increased its stake in shares of e.l.f. Beauty by 390.2% in the 4th quarter. Armstrong Advisory Group Inc. now owns 201 shares of the company’s stock valued at $29,000 after purchasing an additional 160 shares during the last quarter. GPS Wealth Strategies Group LLC raised its stake in e.l.f. Beauty by 66.4% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 243 shares of the company’s stock worth $35,000 after acquiring an additional 97 shares in the last quarter. BluePath Capital Management LLC bought a new position in shares of e.l.f. Beauty in the third quarter worth about $34,000. Avior Wealth Management LLC lifted its holdings in shares of e.l.f. Beauty by 3,600.0% in the fourth quarter. Avior Wealth Management LLC now owns 370 shares of the company’s stock worth $53,000 after acquiring an additional 360 shares during the last quarter. Finally, Rakuten Securities Inc. acquired a new stake in shares of e.l.f. Beauty in the 4th quarter valued at approximately $56,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

e.l.f. Beauty Stock Down 0.2 %

Shares of NYSE ELF opened at $160.17 on Friday. The company’s 50 day moving average price is $185.64 and its 200-day moving average price is $153.21. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.83 and a current ratio of 1.50. e.l.f. Beauty, Inc. has a 52-week low of $83.80 and a 52-week high of $221.83. The company has a market capitalization of $8.89 billion, a P/E ratio of 70.87, a price-to-earnings-growth ratio of 1.49 and a beta of 1.60.

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

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 23,519 shares of e.l.f. Beauty stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $198.89, for a total value of $4,677,693.91. Following the completion of the sale, the chief executive officer now directly owns 10,889 shares in the company, valued at $2,165,713.21. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other e.l.f. Beauty news, CEO Tarang Amin sold 23,519 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $198.89, for a total value of $4,677,693.91. Following the completion of the sale, the chief executive officer now directly owns 10,889 shares in the company, valued at $2,165,713.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Joshua Allen Franks sold 727 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $165.16, for a total transaction of $120,071.32. Following the transaction, the senior vice president now owns 83,736 shares in the company, valued at approximately $13,829,837.76. The disclosure for this sale can be found here. Insiders have sold a total of 178,081 shares of company stock worth $30,457,064 in the last 90 days. Corporate insiders own 5.20% of the company’s stock.

Analyst Upgrades and Downgrades

ELF has been the topic of a number of research analyst reports. StockNews.com lowered shares of e.l.f. Beauty from a “hold” rating to a “sell” rating in a research report on Wednesday, February 7th. TD Cowen upgraded e.l.f. Beauty from a “hold” rating to a “buy” rating and dropped their target price for the company from $220.00 to $190.00 in a research report on Wednesday, April 17th. JPMorgan Chase & Co. boosted their price target on e.l.f. Beauty from $130.00 to $175.00 and gave the stock an “overweight” rating in a report on Thursday, January 18th. Piper Sandler raised their price objective on shares of e.l.f. Beauty from $225.00 to $228.00 and gave the company an “overweight” rating in a report on Tuesday, April 9th. Finally, Morgan Stanley boosted their target price on shares of e.l.f. Beauty from $168.00 to $184.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $184.33.

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.