State of Alaska Department of Revenue Sells 270 Shares of e.l.f. Beauty $ELF

State of Alaska Department of Revenue decreased its position in shares of e.l.f. Beauty (NYSE:ELF) by 4.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,335 shares of the company’s stock after selling 270 shares during the period. State of Alaska Department of Revenue’s holdings in e.l.f. Beauty were worth $788,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Champlain Investment Partners LLC grew its holdings in shares of e.l.f. Beauty by 19.7% during the 1st quarter. Champlain Investment Partners LLC now owns 2,665,026 shares of the company’s stock worth $167,337,000 after purchasing an additional 438,575 shares in the last quarter. Swedbank AB grew its holdings in shares of e.l.f. Beauty by 42.6% during the 1st quarter. Swedbank AB now owns 1,157,760 shares of the company’s stock worth $72,696,000 after purchasing an additional 345,760 shares in the last quarter. Congress Asset Management Co. grew its holdings in shares of e.l.f. Beauty by 1.3% during the 2nd quarter. Congress Asset Management Co. now owns 951,309 shares of the company’s stock worth $118,381,000 after purchasing an additional 12,339 shares in the last quarter. Mackenzie Financial Corp grew its holdings in shares of e.l.f. Beauty by 68.0% during the 1st quarter. Mackenzie Financial Corp now owns 862,671 shares of the company’s stock worth $54,167,000 after purchasing an additional 349,024 shares in the last quarter. Finally, Zevenbergen Capital Investments LLC grew its holdings in shares of e.l.f. Beauty by 9.9% during the 1st quarter. Zevenbergen Capital Investments LLC now owns 682,009 shares of the company’s stock worth $42,823,000 after purchasing an additional 61,282 shares in the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 116,315 shares of the stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $132.24, for a total value of $15,381,495.60. Following the completion of the transaction, the chief executive officer directly owned 81,818 shares in the company, valued at approximately $10,819,612.32. This trade represents a 58.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mandy J. Fields sold 55,692 shares of the stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $136.28, for a total value of $7,589,705.76. Following the completion of the transaction, the insider owned 64,154 shares of the company’s stock, valued at $8,742,907.12. This represents a 46.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 301,060 shares of company stock valued at $40,994,733. 3.90% of the stock is currently owned by corporate insiders.

e.l.f. Beauty Price Performance

e.l.f. Beauty stock opened at $138.32 on Tuesday. The company has a current ratio of 3.26, a quick ratio of 2.34 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $8.20 billion, a PE ratio of 81.37, a P/E/G ratio of 3.12 and a beta of 1.57. e.l.f. Beauty has a 12 month low of $49.40 and a 12 month high of $150.99. The stock has a 50-day moving average price of $126.81 and a two-hundred day moving average price of $103.11.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Wednesday, August 6th. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.84 by $0.05. The firm had revenue of $353.74 million during the quarter, compared to the consensus estimate of $348.99 million. e.l.f. Beauty had a return on equity of 16.36% and a net margin of 7.29%.The business’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period last year, the company earned $1.10 earnings per share. Analysts expect that e.l.f. Beauty will post 2.38 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ELF. Deutsche Bank Aktiengesellschaft lowered e.l.f. Beauty from a “buy” rating to a “hold” rating and increased their target price for the stock from $121.00 to $128.00 in a report on Tuesday, September 2nd. B. Riley increased their target price on e.l.f. Beauty from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, September 10th. Bank of America raised their price objective on e.l.f. Beauty from $135.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, September 17th. Canaccord Genuity Group set a $165.00 price objective on e.l.f. Beauty in a research note on Tuesday, September 9th. Finally, Piper Sandler started coverage on e.l.f. Beauty in a research note on Thursday, September 4th. They issued an “overweight” rating and a $150.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, e.l.f. Beauty currently has an average rating of “Moderate Buy” and an average target price of $134.60.

e.l.f. Beauty 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.