e.l.f. Beauty, Inc. (NYSE:ELF) Shares Purchased by Texas Permanent School Fund

Texas Permanent School Fund boosted its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELFGet Rating) by 2.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,658 shares of the company’s stock after purchasing an additional 663 shares during the quarter. Texas Permanent School Fund’s holdings in e.l.f. Beauty were worth $1,063,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of ELF. Covestor Ltd increased its holdings in e.l.f. Beauty by 8,340.0% during the 1st quarter. Covestor Ltd now owns 1,266 shares of the company’s stock worth $33,000 after purchasing an additional 1,251 shares during the period. KBC Group NV purchased a new stake in e.l.f. Beauty during the 2nd quarter worth about $120,000. Advisor Group Holdings Inc. increased its holdings in e.l.f. Beauty by 7.6% during the 1st quarter. Advisor Group Holdings Inc. now owns 6,765 shares of the company’s stock worth $174,000 after purchasing an additional 476 shares during the period. Penserra Capital Management LLC increased its holdings in e.l.f. Beauty by 67.7% during the 1st quarter. Penserra Capital Management LLC now owns 7,826 shares of the company’s stock worth $202,000 after purchasing an additional 3,158 shares during the period. Finally, Teacher Retirement System of Texas increased its holdings in e.l.f. Beauty by 6.5% during the 1st quarter. Teacher Retirement System of Texas now owns 9,664 shares of the company’s stock worth $250,000 after purchasing an additional 593 shares during the period. Hedge funds and other institutional investors own 94.61% of the company’s stock.

e.l.f. Beauty Trading Up 4.2 %

NYSE:ELF opened at $54.91 on Friday. The stock’s 50 day moving average price is $42.67 and its 200 day moving average price is $34.86. The company has a market capitalization of $2.91 billion, a PE ratio of 87.16, a P/E/G ratio of 3.98 and a beta of 1.52. The company has a quick ratio of 2.31, a current ratio of 3.44 and a debt-to-equity ratio of 0.25. e.l.f. Beauty, Inc. has a 52-week low of $20.49 and a 52-week high of $55.43.

e.l.f. Beauty (NYSE:ELFGet Rating) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.12. e.l.f. Beauty had a return on equity of 11.83% and a net margin of 7.57%. The firm had revenue of $122.35 million for the quarter, compared to the consensus estimate of $106.29 million. On average, research analysts anticipate that e.l.f. Beauty, Inc. will post 0.77 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ELF shares. Raymond James upped their price target on e.l.f. Beauty from $46.00 to $50.00 and gave the stock an “outperform” rating in a report on Thursday, November 3rd. Canaccord Genuity Group began coverage on e.l.f. Beauty in a report on Thursday. They issued a “buy” rating and a $63.00 price objective on the stock. Truist Financial increased their price objective on e.l.f. Beauty from $40.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, September 15th. Morgan Stanley increased their price objective on e.l.f. Beauty from $46.00 to $50.00 and gave the company an “overweight” rating in a report on Thursday, November 3rd. Finally, Cowen downgraded e.l.f. Beauty from an “outperform” rating to a “market perform” rating in a report on Friday, August 12th. They noted that the move was a valuation call. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.70.

Insiders Place Their Bets

In other e.l.f. Beauty news, CEO Tarang Amin sold 100,000 shares of the stock in a transaction that occurred on Thursday, November 3rd. The stock was sold at an average price of $46.01, for a total transaction of $4,601,000.00. Following the completion of the sale, the chief executive officer now directly owns 347,496 shares of the company’s stock, valued at approximately $15,988,290.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 1,957 shares of the stock in a transaction that occurred on Tuesday, October 18th. The stock was sold at an average price of $42.24, for a total transaction of $82,663.68. Following the completion of the sale, the senior vice president now directly owns 114,277 shares of the company’s stock, valued at approximately $4,827,060.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Tarang Amin sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 3rd. The shares were sold at an average price of $46.01, for a total value of $4,601,000.00. Following the completion of the sale, the chief executive officer now directly owns 347,496 shares of the company’s stock, valued at $15,988,290.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 294,019 shares of company stock valued at $12,166,086. 8.20% of the stock is owned by company insiders.

e.l.f. Beauty Company Profile

(Get Rating)

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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