Maryland State Retirement & Pension System Purchases Shares of 2,512 e.l.f. Beauty $ELF

Maryland State Retirement & Pension System purchased a new stake in shares of e.l.f. Beauty (NYSE:ELF - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,512 shares of the company's stock, valued at approximately $313,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Aurora Investment Counsel bought a new position in e.l.f. Beauty during the 1st quarter valued at approximately $294,000. Caas Capital Management LP raised its position in e.l.f. Beauty by 1,466.7% during the 1st quarter. Caas Capital Management LP now owns 4,700 shares of the company's stock valued at $295,000 after purchasing an additional 4,400 shares during the last quarter. Vontobel Holding Ltd. raised its position in e.l.f. Beauty by 165.6% during the 1st quarter. Vontobel Holding Ltd. now owns 15,181 shares of the company's stock valued at $953,000 after purchasing an additional 9,466 shares during the last quarter. Generate Investment Management Ltd bought a new position in e.l.f. Beauty during the 1st quarter valued at approximately $21,650,000. Finally, Quantitative Investment Management LLC bought a new position in e.l.f. Beauty during the 1st quarter valued at approximately $3,916,000. Institutional investors own 92.44% of the company's stock.

e.l.f. Beauty Stock Up 0.0%

ELF stock opened at $132.70 on Wednesday. e.l.f. Beauty has a twelve month low of $49.40 and a twelve month high of $150.99. The company has a quick ratio of 2.34, a current ratio of 3.26 and a debt-to-equity ratio of 0.32. The firm has a market cap of $7.87 billion, a PE ratio of 78.06, a price-to-earnings-growth ratio of 3.08 and a beta of 1.57. The business has a 50 day moving average of $129.17 and a 200 day moving average of $105.87.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.89 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $348.99 million. During the same quarter last year, the company earned $1.10 EPS. The firm's revenue for the quarter was up 9.0% on a year-over-year basis. On average, research analysts forecast that e.l.f. Beauty will post 2.38 EPS for the current fiscal year.

Insider Activity at e.l.f. Beauty

In related news, CEO Tarang Amin sold 116,315 shares of the firm's stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $132.24, for a total transaction of $15,381,495.60. Following the completion of the transaction, the chief executive officer owned 81,818 shares of the company's stock, valued at $10,819,612.32. This trade represents a 58.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Joshua Allen Franks sold 7,913 shares of the firm's stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $145.00, for a total value of $1,147,385.00. Following the transaction, the senior vice president directly owned 99,369 shares of the company's stock, valued at approximately $14,408,505. This trade represents a 7.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 301,060 shares of company stock worth $40,994,733 over the last quarter. 3.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

ELF has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lowered e.l.f. Beauty from a "buy" rating to a "hold" rating and upped their price target for the company from $121.00 to $128.00 in a research report on Tuesday, September 2nd. Piper Sandler started coverage on e.l.f. Beauty in a research report on Thursday, September 4th. They issued an "overweight" rating and a $150.00 target price for the company. Bank of America increased their target price on e.l.f. Beauty from $135.00 to $160.00 and gave the stock a "buy" rating in a research report on Wednesday, September 17th. JPMorgan Chase & Co. increased their target price on e.l.f. Beauty from $130.00 to $168.00 and gave the stock an "overweight" rating in a research report on Friday, October 10th. Finally, 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 research report on Wednesday, September 10th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, e.l.f. Beauty currently has a consensus rating of "Moderate Buy" and a consensus price target of $142.07.

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.

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