e.l.f. Beauty, Inc. (NYSE:ELF) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System trimmed its position in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 11.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,012 shares of the company's stock after selling 8,059 shares during the period. California Public Employees Retirement System owned approximately 0.11% of e.l.f. Beauty worth $8,037,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new position in e.l.f. Beauty during the 3rd quarter valued at about $25,000. Promus Capital LLC purchased a new position in shares of e.l.f. Beauty in the 4th quarter worth $31,000. Kestra Investment Management LLC purchased a new stake in shares of e.l.f. Beauty during the 4th quarter worth about $32,000. Financial Life Planners acquired a new stake in shares of e.l.f. Beauty in the fourth quarter worth $46,000. Finally, New Wave Wealth Advisors LLC purchased a new position in e.l.f. Beauty in the fourth quarter valued at about $65,000. 92.44% of the stock is owned by hedge funds and other institutional investors.

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

In other e.l.f. Beauty news, Director Maureen C. Watson sold 4,000 shares of the company's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $67.39, for a total transaction of $269,560.00. Following the sale, the director now directly owns 1,888 shares in the company, valued at $127,232.32. This represents a 67.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 3.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on ELF. The Goldman Sachs Group lowered their price objective on e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Raymond James cut their price objective on shares of e.l.f. Beauty from $175.00 to $120.00 and set a "strong-buy" rating on the stock in a research report on Friday, February 7th. Piper Sandler dropped their target price on e.l.f. Beauty from $102.00 to $90.00 and set an "overweight" rating on the stock in a report on Monday, March 31st. Truist Financial raised their target price on shares of e.l.f. Beauty from $130.00 to $150.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. Finally, JPMorgan Chase & Co. dropped their price target on e.l.f. Beauty from $127.00 to $70.00 and set an "overweight" rating on the stock in a research report on Friday. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, e.l.f. Beauty presently has an average rating of "Moderate Buy" and a consensus target price of $124.76.

e.l.f. Beauty Price Performance

Shares of e.l.f. Beauty stock traded down $0.20 during trading on Friday, hitting $53.60. The stock had a trading volume of 3,523,420 shares, compared to its average volume of 2,334,297. The business's 50-day moving average is $66.75 and its 200 day moving average is $101.15. e.l.f. Beauty, Inc. has a 12 month low of $49.90 and a 12 month high of $219.77. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of 31.71, a P/E/G ratio of 6.76 and a beta of 1.41. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.35). e.l.f. Beauty had a return on equity of 16.88% and a net margin of 7.55%. As a group, sell-side analysts anticipate that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current year.

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.