Teachers Retirement System of The State of Kentucky Sells 9,348 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Teachers Retirement System of The State of Kentucky trimmed its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 29.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,517 shares of the company’s stock after selling 9,348 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in e.l.f. Beauty were worth $4,746,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC purchased a new position in e.l.f. Beauty in the second quarter valued at about $26,000. Matrix Trust Co bought a new stake in e.l.f. Beauty during the second quarter valued at approximately $27,000. Innealta Capital LLC bought a new position in shares of e.l.f. Beauty in the 2nd quarter worth $30,000. Harbor Investment Advisory LLC purchased a new position in e.l.f. Beauty in the first quarter worth $31,000. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in e.l.f. Beauty by 405.9% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock valued at $36,000 after acquiring an additional 138 shares during the last quarter. 92.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ELF shares. Raymond James restated a “strong-buy” rating and issued a $235.00 price objective on shares of e.l.f. Beauty in a report on Monday, July 22nd. UBS Group dropped their price objective on e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating for the company in a report on Friday, August 9th. Bank of America reduced their price target on shares of e.l.f. Beauty from $230.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, September 9th. Piper Sandler reduced their price target on e.l.f. Beauty from $260.00 to $162.00 and set an “overweight” rating on the stock in a research note on Monday, September 16th. Finally, Canaccord Genuity Group boosted their price target on e.l.f. Beauty from $214.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $195.80.

Insider Buying and Selling

In other e.l.f. Beauty news, CEO Tarang Amin sold 15,386 shares of the firm’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $200.85, for a total transaction of $3,090,278.10. Following the completion of the sale, the chief executive officer now owns 171,329 shares of the company’s stock, valued at $34,411,429.65. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, SVP Joshua Allen Franks sold 3,370 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $201.28, for a total transaction of $678,313.60. Following the sale, the senior vice president now owns 71,986 shares of the company’s stock, valued at approximately $14,489,342.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Tarang Amin sold 15,386 shares of the firm’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $200.85, for a total transaction of $3,090,278.10. Following the sale, the chief executive officer now directly owns 171,329 shares in the company, valued at approximately $34,411,429.65. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 42,832 shares of company stock worth $7,074,887. 5.20% of the stock is owned by corporate insiders.

e.l.f. Beauty Stock Performance

Shares of ELF stock opened at $105.66 on Thursday. The business has a fifty day moving average of $142.78 and a 200 day moving average of $169.18. The firm has a market capitalization of $5.91 billion, a price-to-earnings ratio of 47.59, a price-to-earnings-growth ratio of 2.33 and a beta of 1.44. e.l.f. Beauty, Inc. has a 1 year low of $88.47 and a 1 year high of $221.83. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.77 and a quick ratio of 1.10.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Thursday, August 8th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.20. e.l.f. Beauty had a return on equity of 23.30% and a net margin of 10.80%. The firm had revenue of $324.48 million for the quarter, compared to analysts’ expectations of $303.60 million. As a group, research analysts expect that e.l.f. Beauty, Inc. will post 2.88 earnings per share for the current year.

e.l.f. Beauty Company Profile

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.