e.l.f. Beauty, Inc. (NYSE:ELF) Shares Acquired by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in e.l.f. Beauty, Inc. (NYSE:ELF) by 6.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 57,231 shares of the company’s stock after buying an additional 3,622 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned about 0.11% of e.l.f. Beauty worth $6,537,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Financial Gravity Asset Management Inc. acquired a new stake in e.l.f. Beauty during the second quarter worth about $891,000. Cerity Partners LLC purchased a new position in shares of e.l.f. Beauty during the 1st quarter valued at approximately $963,000. Dark Forest Capital Management LP purchased a new position in shares of e.l.f. Beauty during the 1st quarter valued at approximately $27,000. CWM LLC lifted its stake in shares of e.l.f. Beauty by 89.7% in the 1st quarter. CWM LLC now owns 385 shares of the company’s stock valued at $32,000 after purchasing an additional 182 shares during the period. Finally, Point72 Middle East FZE purchased a new stake in e.l.f. Beauty during the fourth quarter worth $28,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Price Performance

ELF stock opened at $106.21 on Wednesday. e.l.f. Beauty, Inc. has a 1 year low of $48.10 and a 1 year high of $139.85. The firm has a market capitalization of $5.86 billion, a PE ratio of 49.63, a price-to-earnings-growth ratio of 1.70 and a beta of 1.53. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.86 and a quick ratio of 1.89. The business has a 50 day simple moving average of $108.34 and a 200-day simple moving average of $110.09.

Insider Buying and Selling at e.l.f. Beauty

In related news, insider Kory Marchisotto sold 15,020 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $131.93, for a total transaction of $1,981,588.60. Following the completion of the sale, the insider now directly owns 131,977 shares in the company, valued at $17,411,725.61. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Kory Marchisotto sold 15,020 shares of the stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $131.93, for a total value of $1,981,588.60. Following the completion of the transaction, the insider now directly owns 131,977 shares in the company, valued at $17,411,725.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Tiffany F. Daniele sold 1,253 shares of e.l.f. Beauty stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $139.09, for a total value of $174,279.77. Following the completion of the sale, the director now owns 4,813 shares in the company, valued at approximately $669,440.17. The disclosure for this sale can be found here. Insiders sold a total of 107,741 shares of company stock worth $13,483,075 in the last three months. 5.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ELF shares. UBS Group initiated coverage on shares of e.l.f. Beauty in a research report on Wednesday, September 27th. They issued a “buy” rating and a $138.00 price objective for the company. Bank of America upped their price target on e.l.f. Beauty from $155.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, August 30th. Raymond James raised e.l.f. Beauty from an “outperform” rating to a “strong-buy” rating and dropped their price objective for the company from $145.00 to $140.00 in a report on Monday, October 23rd. Jefferies Financial Group raised shares of e.l.f. Beauty from a “hold” rating to a “buy” rating and boosted their price target for the stock from $110.00 to $115.00 in a report on Thursday, October 5th. They noted that the move was a valuation call. Finally, Stifel Nicolaus increased their price objective on shares of e.l.f. Beauty from $107.00 to $127.00 and gave the company a “hold” rating in a report on Wednesday, August 2nd. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $132.42.

e.l.f. Beauty Profile

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.