e.l.f. Beauty, Inc. (NYSE:ELF) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lowered its stake in e.l.f. Beauty, Inc. (NYSE:ELF) by 58.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,425 shares of the company’s stock after selling 9,035 shares during the quarter. State of Alaska Department of Revenue’s holdings in e.l.f. Beauty were worth $806,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of ELF. Baillie Gifford & Co. boosted its holdings in e.l.f. Beauty by 39.5% during the 3rd quarter. Baillie Gifford & Co. now owns 5,305,692 shares of the company’s stock valued at $578,480,000 after acquiring an additional 1,501,151 shares during the period. Champlain Investment Partners LLC purchased a new position in shares of e.l.f. Beauty in the third quarter valued at approximately $121,558,000. Swedbank AB purchased a new position in shares of e.l.f. Beauty in the third quarter valued at approximately $76,321,000. Thrivent Financial for Lutherans grew its holdings in shares of e.l.f. Beauty by 223.2% in the third quarter. Thrivent Financial for Lutherans now owns 555,287 shares of the company’s stock valued at $60,543,000 after purchasing an additional 383,478 shares in the last quarter. Finally, Westfield Capital Management Co. LP increased its stake in e.l.f. Beauty by 20,187.5% during the 3rd quarter. Westfield Capital Management Co. LP now owns 334,743 shares of the company’s stock worth $36,497,000 after buying an additional 333,093 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

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

In other news, Director Maureen C. Watson sold 785 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $130.00, for a total value of $102,050.00. Following the completion of the sale, the director now directly owns 1,888 shares of the company’s stock, valued at approximately $245,440. This represents a 29.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Scott Milsten sold 530 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $137.60, for a total value of $72,928.00. Following the transaction, the insider now directly owns 68,853 shares in the company, valued at approximately $9,474,172.80. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,205 shares of company stock worth $297,442. 3.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on ELF. The Goldman Sachs Group dropped their price target on shares of e.l.f. Beauty from $165.00 to $142.00 and set a “buy” rating for the company in a research note on Friday, February 7th. Raymond James decreased their target price on e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating for the company in a report on Friday, February 7th. Truist Financial upped their price target on e.l.f. Beauty from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. lifted their price objective on e.l.f. Beauty from $154.00 to $163.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Finally, B. Riley restated a “buy” rating and set a $90.00 target price (down from $150.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.00.

e.l.f. Beauty Price Performance

Shares of NYSE:ELF opened at $72.97 on Friday. e.l.f. Beauty, Inc. has a 12 month low of $63.50 and a 12 month high of $221.83. The firm has a market capitalization of $4.12 billion, a P/E ratio of 43.18, a P/E/G ratio of 1.54 and a beta of 1.47. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01. The company’s fifty day moving average price is $117.99 and its 200 day moving average price is $125.12.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.35). e.l.f. Beauty had a return on equity of 17.35% and a net margin of 7.55%. As a group, sell-side analysts predict that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current fiscal year.

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.