Public Employees Retirement System of Ohio Boosts Position in e.l.f. Beauty $ELF

Public Employees Retirement System of Ohio raised its stake in e.l.f. Beauty (NYSE:ELF) by 3.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,102 shares of the company’s stock after acquiring an additional 497 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in e.l.f. Beauty were worth $2,128,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ELF. Wealth Enhancement Advisory Services LLC increased its stake in e.l.f. Beauty by 42.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 8,347 shares of the company’s stock valued at $1,048,000 after purchasing an additional 2,505 shares during the last quarter. GAMMA Investing LLC boosted its holdings in e.l.f. Beauty by 14,478.0% in the first quarter. GAMMA Investing LLC now owns 125,517 shares of the company’s stock valued at $7,881,000 after purchasing an additional 124,656 shares during the last quarter. NBC Securities Inc. raised its stake in e.l.f. Beauty by 141,950.0% during the first quarter. NBC Securities Inc. now owns 5,682 shares of the company’s stock valued at $356,000 after buying an additional 5,678 shares in the last quarter. Portside Wealth Group LLC raised its stake in e.l.f. Beauty by 18.6% during the first quarter. Portside Wealth Group LLC now owns 3,908 shares of the company’s stock valued at $245,000 after buying an additional 613 shares in the last quarter. Finally, Congress Asset Management Co. raised its stake in e.l.f. Beauty by 53.7% during the first quarter. Congress Asset Management Co. now owns 938,970 shares of the company’s stock valued at $58,958,000 after buying an additional 327,980 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

e.l.f. Beauty Stock Up 0.5%

ELF stock opened at $135.89 on Friday. e.l.f. Beauty has a twelve month low of $49.40 and a twelve month high of $150.99. The company has a market cap of $8.06 billion, a PE ratio of 79.94, a price-to-earnings-growth ratio of 3.13 and a beta of 1.57. The business’s 50-day simple moving average is $126.18 and its 200 day simple moving average is $101.55. The company has a quick ratio of 2.34, a current ratio of 3.26 and a debt-to-equity ratio of 0.32.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.05. e.l.f. Beauty had a return on equity of 16.36% and a net margin of 7.29%.The company had revenue of $353.74 million for the quarter, compared to analyst estimates of $348.99 million. During the same period in the prior year, the company posted $1.10 EPS. The company’s revenue was up 9.0% compared to the same quarter last year. On average, research analysts anticipate that e.l.f. Beauty will post 2.38 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Scott Milsten sold 55,581 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $134.56, for a total value of $7,478,979.36. Following the transaction, the insider directly owned 112,406 shares of the company’s stock, valued at $15,125,351.36. The trade was a 33.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mandy J. Fields sold 55,692 shares of the company’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $136.28, for a total value of $7,589,705.76. Following the transaction, the insider directly owned 64,154 shares in the company, valued at approximately $8,742,907.12. This represents a 46.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold 184,745 shares of company stock worth $25,613,238 over the last ninety days. 3.90% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Piper Sandler started coverage on e.l.f. Beauty in a research note on Thursday, September 4th. They set an “overweight” rating and a $150.00 price objective for the company. B. Riley lifted their price target on e.l.f. Beauty from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, September 10th. Raymond James Financial reissued a “strong-buy” rating and set a $155.00 price objective (up from $140.00) on shares of e.l.f. Beauty in a research note on Monday, September 8th. The Goldman Sachs Group increased their price objective on e.l.f. Beauty from $137.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday. Finally, UBS Group cut their price objective on e.l.f. Beauty from $120.00 to $112.00 and set a “neutral” rating for the company in a report on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.60.

About e.l.f. Beauty

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.