Teacher Retirement System of Texas Has $517,000 Stock Holdings in e.l.f. Beauty (NYSE:ELF)

Teacher Retirement System of Texas raised its stake in e.l.f. Beauty (NYSE:ELF - Free Report) by 242.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,236 shares of the company's stock after purchasing an additional 5,833 shares during the quarter. Teacher Retirement System of Texas' holdings in e.l.f. Beauty were worth $517,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Compound Global Advisors LLC acquired a new position in shares of e.l.f. Beauty in the 1st quarter valued at $584,000. Vontobel Holding Ltd. lifted its holdings in shares of 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 acquiring an additional 9,466 shares in the last quarter. Peregrine Capital Management LLC lifted its holdings in shares of e.l.f. Beauty by 25.6% during the 1st quarter. Peregrine Capital Management LLC now owns 75,279 shares of the company's stock valued at $4,727,000 after acquiring an additional 15,362 shares in the last quarter. WASHINGTON TRUST Co lifted its holdings in shares of e.l.f. Beauty by 10.5% during the 1st quarter. WASHINGTON TRUST Co now owns 109,383 shares of the company's stock valued at $6,868,000 after acquiring an additional 10,392 shares in the last quarter. Finally, KBC Group NV lifted its holdings in shares of e.l.f. Beauty by 0.6% during the 1st quarter. KBC Group NV now owns 283,862 shares of the company's stock valued at $17,824,000 after acquiring an additional 1,765 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ELF shares. B. Riley reiterated a "buy" rating and issued a $150.00 price objective (up previously from $110.00) on shares of e.l.f. Beauty in a report on Friday, June 13th. Bank of America boosted their target price on shares of 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. Truist Financial boosted their target price on shares of e.l.f. Beauty from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Friday, June 6th. Canaccord Genuity Group boosted their target price on shares of 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. Finally, Raymond James Financial boosted their target price on shares of e.l.f. Beauty from $95.00 to $105.00 and gave the stock a "strong-buy" rating in a research report on Thursday, May 29th. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $123.38.

e.l.f. Beauty Price Performance

Shares of NYSE:ELF traded up $6.86 during trading on Friday, reaching $117.76. The company had a trading volume of 2,538,760 shares, compared to its average volume of 2,563,192. The firm's fifty day moving average is $108.82 and its 200 day moving average is $89.65. The firm has a market capitalization of $6.68 billion, a PE ratio of 61.02, a price-to-earnings-growth ratio of 2.57 and a beta of 1.52. e.l.f. Beauty has a twelve month low of $49.40 and a twelve month high of $190.38. 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 (NYSE:ELF - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The company reported $0.78 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.06. e.l.f. Beauty had a net margin of 8.53% and a return on equity of 17.98%. The company had revenue of $332.65 million during the quarter, compared to analyst estimates of $327.45 million. During the same period in the prior year, the business posted $0.53 EPS. The business's revenue for the quarter was up 3.6% compared to the same quarter last year. On average, equities analysts forecast that e.l.f. Beauty will post 2.38 EPS for the current year.

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

In related news, insider Scott Milsten sold 1,442 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $114.78, for a total transaction of $165,512.76. Following the completion of the sale, the insider directly owned 117,394 shares of the company's stock, valued at $13,474,483.32. This represents a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mandy J. Fields sold 1,487 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $117.61, for a total transaction of $174,886.07. Following the sale, the insider directly owned 119,846 shares of the company's stock, valued at approximately $14,095,088.06. This represents a 1.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 327,207 shares of company stock valued at $25,252,926. Corporate insiders own 3.90% of the company's stock.

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.