Teacher Retirement System of Texas Cuts Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Teacher Retirement System of Texas lowered its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 59.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,770 shares of the company's stock after selling 23,028 shares during the period. Teacher Retirement System of Texas' holdings in e.l.f. Beauty were worth $2,276,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. First Trust Direct Indexing L.P. lifted its stake in e.l.f. Beauty by 3.2% during the fourth quarter. First Trust Direct Indexing L.P. now owns 2,106 shares of the company's stock valued at $304,000 after purchasing an additional 65 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of e.l.f. Beauty by 0.3% during the 4th quarter. State of Alaska Department of Revenue now owns 33,993 shares of the company's stock worth $4,906,000 after acquiring an additional 85 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in shares of e.l.f. Beauty by 38.0% during the 4th quarter. First Horizon Advisors Inc. now owns 338 shares of the company's stock worth $49,000 after acquiring an additional 93 shares in the last quarter. GPS Wealth Strategies Group LLC grew its holdings in shares of e.l.f. Beauty by 66.4% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 243 shares of the company's stock worth $35,000 after acquiring an additional 97 shares during the last quarter. Finally, Mutual of America Capital Management LLC raised its position in shares of e.l.f. Beauty by 1.2% during the fourth quarter. Mutual of America Capital Management LLC now owns 9,661 shares of the company's stock worth $1,394,000 after purchasing an additional 117 shares during the period. 92.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, SVP Joshua Allen Franks sold 727 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $165.16, for a total value of $120,071.32. Following the sale, the senior vice president now directly owns 83,736 shares in the company, valued at approximately $13,829,837.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Joshua Allen Franks sold 727 shares of the firm's stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $165.16, for a total transaction of $120,071.32. Following the sale, the senior vice president now owns 83,736 shares of the company's stock, valued at $13,829,837.76. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Tarang Amin sold 23,519 shares of e.l.f. Beauty stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $163.70, for a total transaction of $3,850,060.30. Following the completion of the transaction, the chief executive officer now directly owns 10,890 shares in the company, valued at approximately $1,782,693. The disclosure for this sale can be found here. Insiders sold a total of 201,600 shares of company stock valued at $34,307,124 over the last three months. Company insiders own 5.20% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on ELF. Stifel Nicolaus raised their price objective on e.l.f. Beauty from $141.00 to $167.00 and gave the stock a "hold" rating in a research report on Wednesday, February 7th. JPMorgan Chase & Co. lifted their price objective on e.l.f. Beauty from $130.00 to $175.00 and gave the stock an "overweight" rating in a report on Thursday, January 18th. Morgan Stanley upped their price objective on e.l.f. Beauty from $168.00 to $184.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 7th. Piper Sandler dropped their target price on shares of e.l.f. Beauty from $228.00 to $216.00 and set an "overweight" rating for the company in a research report on Thursday. Finally, StockNews.com cut e.l.f. Beauty from a "hold" rating to a "sell" rating in a report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $183.33.

e.l.f. Beauty Trading Down 2.3 %

ELF traded down $3.79 during trading on Friday, reaching $158.47. 1,370,867 shares of the company's stock were exchanged, compared to its average volume of 1,528,752. The company's fifty day moving average price is $177.48 and its 200-day moving average price is $157.26. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.83 and a current ratio of 1.50. The firm has a market capitalization of $8.80 billion, a PE ratio of 72.50, a P/E/G ratio of 1.58 and a beta of 1.60. e.l.f. Beauty, Inc. has a fifty-two week low of $83.80 and a fifty-two week high of $221.83.

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.