Louisiana State Employees Retirement System Acquires New Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Louisiana State Employees Retirement System acquired a new position in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 27,600 shares of the company's stock, valued at approximately $3,984,000. Louisiana State Employees Retirement System owned 0.05% of e.l.f. Beauty as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in ELF. Advisor Group Holdings Inc. boosted its position in e.l.f. Beauty by 7.6% in the first quarter. Advisor Group Holdings Inc. now owns 6,765 shares of the company's stock valued at $174,000 after buying an additional 476 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of e.l.f. Beauty by 1.1% during the first quarter. Bank of New York Mellon Corp now owns 428,775 shares of the company's stock worth $11,076,000 after buying an additional 4,476 shares during the last quarter. Citigroup Inc. raised its stake in shares of e.l.f. Beauty by 12.4% during the first quarter. Citigroup Inc. now owns 41,711 shares of the company's stock worth $1,077,000 after buying an additional 4,617 shares during the last quarter. AlphaCrest Capital Management LLC bought a new stake in shares of e.l.f. Beauty during the first quarter worth approximately $342,000. Finally, MetLife Investment Management LLC increased its stake in e.l.f. Beauty by 53.3% in the first quarter. MetLife Investment Management LLC now owns 26,424 shares of the company's stock valued at $683,000 after purchasing an additional 9,189 shares in the last quarter. Institutional investors own 92.44% of the company's stock.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 23,519 shares of the company's stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $198.89, for a total transaction of $4,677,693.91. Following the transaction, the chief executive officer now owns 10,889 shares in the company, valued at $2,165,713.21. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 5.20% of the stock is owned by corporate insiders.

e.l.f. Beauty Trading Up 0.3 %

ELF traded up $0.49 during trading on Monday, reaching $163.40. 1,160,382 shares of the company's stock were exchanged, compared to its average volume of 1,542,988. e.l.f. Beauty, Inc. has a one year low of $83.80 and a one year high of $221.83. The company has a current ratio of 1.50, a quick ratio of 0.83 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $9.07 billion, a PE ratio of 72.35, a price-to-earnings-growth ratio of 1.51 and a beta of 1.57. The firm has a fifty day moving average price of $186.95 and a two-hundred day moving average price of $147.55.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.47 by $0.11. e.l.f. Beauty had a net margin of 14.53% and a return on equity of 28.98%. The company had revenue of $270.94 million for the quarter, compared to analyst estimates of $239.66 million. As a group, equities research analysts forecast that e.l.f. Beauty, Inc. will post 2.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ELF shares. Stifel Nicolaus upped their price target on shares of e.l.f. Beauty from $141.00 to $167.00 and gave the company a "hold" rating in a report on Wednesday, February 7th. Morgan Stanley raised their target price on shares of e.l.f. Beauty from $168.00 to $184.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 7th. JPMorgan Chase & Co. raised their target price on shares of e.l.f. Beauty from $130.00 to $175.00 and gave the stock an "overweight" rating in a research note on Thursday, January 18th. Raymond James lifted their price objective on shares of e.l.f. Beauty from $140.00 to $180.00 and gave the stock a "strong-buy" rating in a research note on Monday, January 22nd. Finally, StockNews.com cut shares of e.l.f. Beauty from a "hold" rating to a "sell" rating in a research note on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $186.83.

About e.l.f. Beauty

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.