e.l.f. Beauty, Inc. (NYSE:ELF) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue cut its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELFFree Report) by 82.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,020 shares of the company’s stock after selling 27,973 shares during the period. State of Alaska Department of Revenue’s holdings in e.l.f. Beauty were worth $1,180,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Wellington Management Group LLP grew its stake in e.l.f. Beauty by 5.2% during the 4th quarter. Wellington Management Group LLP now owns 2,540,832 shares of the company’s stock valued at $366,744,000 after purchasing an additional 126,231 shares in the last quarter. Roman Butler Fullerton & Co. acquired a new stake in shares of e.l.f. Beauty during the fourth quarter worth approximately $1,294,000. AMI Asset Management Corp bought a new stake in shares of e.l.f. Beauty in the fourth quarter worth $1,315,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in e.l.f. Beauty by 30.9% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,662 shares of the company’s stock valued at $5,155,000 after acquiring an additional 8,408 shares in the last quarter. Finally, Louisiana State Employees Retirement System acquired a new stake in e.l.f. Beauty in the fourth quarter valued at $3,984,000. 92.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 23,519 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $163.70, for a total transaction of $3,850,060.30. Following the sale, the chief executive officer now directly owns 10,890 shares in the company, valued at approximately $1,782,693. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other e.l.f. Beauty news, CEO Tarang Amin sold 23,519 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $163.70, for a total transaction of $3,850,060.30. Following the completion of the transaction, the chief executive officer now directly owns 10,890 shares of the company’s stock, valued at approximately $1,782,693. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Richard G. Wolford sold 11,072 shares of e.l.f. Beauty stock in a transaction on Friday, June 7th. The shares were sold at an average price of $181.13, for a total value of $2,005,471.36. Following the transaction, the director now owns 12,741 shares in the company, valued at $2,307,777.33. The disclosure for this sale can be found here. Insiders sold 264,721 shares of company stock worth $46,009,001 in the last 90 days. Corporate insiders own 5.20% of the company’s stock.

e.l.f. Beauty Price Performance

NYSE ELF opened at $206.74 on Wednesday. The company has a 50-day moving average price of $185.99 and a two-hundred day moving average price of $177.82. The stock has a market cap of $11.56 billion, a price-to-earnings ratio of 93.13, a price-to-earnings-growth ratio of 5.08 and a beta of 1.46. The company has a current ratio of 1.60, a quick ratio of 0.95 and a debt-to-equity ratio of 0.25. e.l.f. Beauty, Inc. has a 52 week low of $88.47 and a 52 week high of $221.83.

e.l.f. Beauty (NYSE:ELFGet Free Report) last posted its earnings results on Wednesday, May 22nd. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.21 by $0.16. e.l.f. Beauty had a return on equity of 26.64% and a net margin of 12.47%. The firm had revenue of $321.14 million for the quarter, compared to analysts’ expectations of $292.47 million. Analysts forecast that e.l.f. Beauty, Inc. will post 2.85 EPS for the current year.

Analyst Upgrades and Downgrades

ELF has been the subject of several research analyst reports. JPMorgan Chase & Co. dropped their target price on shares of e.l.f. Beauty from $197.00 to $182.00 and set an “overweight” rating for the company in a research report on Thursday, May 23rd. Truist Financial boosted their price objective on e.l.f. Beauty from $200.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Bank of America reduced their target price on e.l.f. Beauty from $230.00 to $220.00 and set a “buy” rating on the stock in a report on Thursday, May 23rd. TD Cowen boosted their price target on e.l.f. Beauty from $190.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. Finally, DA Davidson restated a “buy” rating and set a $220.00 price objective on shares of e.l.f. Beauty in a research note on Monday, June 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $198.93.

Get Our Latest Report on e.l.f. Beauty

e.l.f. Beauty Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for e.l.f. Beauty (NYSE:ELF)

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