New York State Common Retirement Fund Decreases Stock Holdings in e.l.f. Beauty (NYSE:ELF)

New York State Common Retirement Fund cut its stake in shares of e.l.f. Beauty (NYSE:ELF - Free Report) by 19.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,315 shares of the company's stock after selling 7,035 shares during the quarter. New York State Common Retirement Fund owned about 0.05% of e.l.f. Beauty worth $1,778,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of ELF. Vanguard Group Inc. increased its holdings in e.l.f. Beauty by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 5,497,208 shares of the company's stock worth $690,174,000 after buying an additional 68,103 shares in the last quarter. Champlain Investment Partners LLC boosted its position in e.l.f. Beauty by 99.7% in the fourth quarter. Champlain Investment Partners LLC now owns 2,226,451 shares of the company's stock worth $279,531,000 after purchasing an additional 1,111,550 shares during the last quarter. Clearbridge Investments LLC boosted its position in e.l.f. Beauty by 17.5% in the fourth quarter. Clearbridge Investments LLC now owns 1,772,528 shares of the company's stock worth $222,541,000 after purchasing an additional 264,296 shares during the last quarter. Congress Asset Management Co. boosted its position in e.l.f. Beauty by 53.7% in the first quarter. Congress Asset Management Co. now owns 938,970 shares of the company's stock worth $58,958,000 after purchasing an additional 327,980 shares during the last quarter. Finally, Aspex Management HK Ltd purchased a new position in e.l.f. Beauty in the fourth quarter worth about $73,576,000. 92.44% of the stock is currently owned by institutional investors.

e.l.f. Beauty Trading Up 1.3%

e.l.f. Beauty stock traded up $1.53 during mid-day trading on Friday, hitting $120.75. The company's stock had a trading volume of 1,354,555 shares, compared to its average volume of 2,721,588. The company has a 50 day moving average of $112.97 and a 200-day moving average of $89.35. The stock has a market cap of $6.85 billion, a PE ratio of 62.56, a P/E/G ratio of 2.79 and a beta of 1.52. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.00 and a current ratio of 3.05. e.l.f. Beauty has a one year low of $49.40 and a one year high of $190.38.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.72 by $0.06. The company had revenue of $332.65 million for the quarter, compared to the consensus estimate of $327.45 million. e.l.f. Beauty had a return on equity of 17.98% and a net margin of 8.53%. e.l.f. Beauty's quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.53 EPS. On average, research analysts anticipate that e.l.f. Beauty will post 2.38 EPS for the current year.

Analyst Ratings Changes

ELF has been the topic of several research reports. Canaccord Genuity Group raised their target price on e.l.f. Beauty from $114.00 to $150.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Bank of America raised their target price on e.l.f. Beauty from $113.00 to $135.00 and gave the stock a "buy" rating in a research report on Friday, June 20th. Robert W. Baird raised their target price on e.l.f. Beauty from $110.00 to $145.00 and gave the stock an "outperform" rating in a research report on Friday, June 6th. Morgan Stanley lifted their price target on shares of e.l.f. Beauty from $70.00 to $105.00 and gave the company an "equal weight" rating in a report on Thursday, May 29th. Finally, Truist Financial boosted their price target on e.l.f. Beauty from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Friday, June 6th. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, e.l.f. Beauty currently has a consensus rating of "Moderate Buy" and an average price target of $123.38.

Insiders Place Their Bets

In other e.l.f. Beauty news, insider Mandy J. Fields sold 1,487 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $117.61, for a total value of $174,886.07. Following the completion of the sale, the insider directly owned 119,846 shares in the company, valued at approximately $14,095,088.06. This represents a 1.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Tarang Amin sold 2,405 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $117.61, for a total value of $282,852.05. Following the completion of the sale, the chief executive officer owned 186,586 shares of the company's stock, valued at $21,944,379.46. This represents a 1.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 126,589 shares of company stock worth $14,547,949. 3.90% of the stock is owned by company insiders.

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.