Teacher Retirement System of Texas Increases Position in e.l.f. Beauty (NYSE:ELF)

Teacher Retirement System of Texas increased its holdings in shares of e.l.f. Beauty (NYSE:ELF) by 242.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,236 shares of the company’s stock after acquiring an additional 5,833 shares during the quarter. Teacher Retirement System of Texas’ holdings in e.l.f. Beauty were worth $517,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Proficio Capital Partners LLC bought a new stake in shares of e.l.f. Beauty during the 4th quarter worth $2,459,000. Avantax Advisory Services Inc. increased its holdings in e.l.f. Beauty by 31.9% during the fourth quarter. Avantax Advisory Services Inc. now owns 2,430 shares of the company’s stock worth $305,000 after buying an additional 588 shares during the last quarter. Swiss National Bank raised its position in e.l.f. Beauty by 0.7% in the fourth quarter. Swiss National Bank now owns 110,900 shares of the company’s stock worth $13,923,000 after acquiring an additional 800 shares during the period. Envestnet Portfolio Solutions Inc. grew its position in shares of e.l.f. Beauty by 7.0% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 10,630 shares of the company’s stock valued at $1,335,000 after acquiring an additional 695 shares during the period. Finally, Horizon Investments LLC grew its position in shares of e.l.f. Beauty by 29.0% during the 4th quarter. Horizon Investments LLC now owns 742 shares of the company’s stock valued at $93,000 after acquiring an additional 167 shares during the period. 92.44% of the stock is currently owned by institutional investors.

e.l.f. Beauty Trading Up 1.6%

ELF stock opened at $108.55 on Thursday. The company’s 50 day moving average price is $107.96 and its two-hundred day moving average price is $89.76. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.00 and a current ratio of 3.05. e.l.f. Beauty has a one year low of $49.40 and a one year high of $190.38. The company has a market capitalization of $6.16 billion, a PE ratio of 56.24, a price-to-earnings-growth ratio of 2.53 and a beta of 1.52.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Wednesday, May 28th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.06. e.l.f. Beauty had a return on equity of 17.98% and a net margin of 8.53%. The company had revenue of $332.65 million for the quarter, compared to the consensus estimate of $327.45 million. During the same quarter in the previous year, the business earned $0.53 EPS. e.l.f. Beauty’s revenue was up 3.6% compared to the same quarter last year. As a group, analysts predict that e.l.f. Beauty will post 2.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on ELF shares. Bank of America upped their price objective on e.l.f. Beauty from $113.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, June 20th. Morgan Stanley boosted their target price on e.l.f. Beauty from $70.00 to $105.00 and gave the company an “equal weight” rating in a research note on Thursday, May 29th. Raymond James Financial increased their price target on e.l.f. Beauty from $95.00 to $105.00 and gave the stock a “strong-buy” rating in a research note on Thursday, May 29th. UBS Group lifted their price objective on e.l.f. Beauty from $59.00 to $84.00 and gave the stock a “neutral” rating in a report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. upped their price objective on shares of e.l.f. Beauty from $70.00 to $123.00 and gave the company an “overweight” rating in a report on Friday, May 30th. Five analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, e.l.f. Beauty has a consensus rating of “Moderate Buy” and an average price target of $121.13.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 1,496 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $117.61, for a total transaction of $175,944.56. Following the sale, the senior vice president directly owned 120,471 shares in the company, valued at approximately $14,168,594.31. This trade represents a 1.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Mandy J. Fields sold 1,487 shares of the business’s stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $117.61, for a total value of $174,886.07. Following the completion of the transaction, the insider owned 119,846 shares of the company’s stock, valued at $14,095,088.06. This represents a 1.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 327,207 shares of company stock valued at $25,252,926 over the last ninety days. Corporate insiders own 3.90% of the company’s stock.

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.