State of Tennessee Department of Treasury Has $3.02 Million Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

State of Tennessee Department of Treasury cut its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 11.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,022 shares of the company’s stock after selling 3,177 shares during the period. State of Tennessee Department of Treasury’s holdings in e.l.f. Beauty were worth $3,016,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Baillie Gifford & Co. raised its position in shares of e.l.f. Beauty by 51.0% in the 4th quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company’s stock valued at $1,005,584,000 after acquiring an additional 2,703,742 shares during the period. Vanguard Group Inc. raised its position in shares of e.l.f. Beauty by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 5,497,208 shares of the company’s stock valued at $690,174,000 after acquiring an additional 68,103 shares during the period. William Blair Investment Management LLC raised its position in shares of e.l.f. Beauty by 40.9% in the 4th quarter. William Blair Investment Management LLC now owns 2,305,349 shares of the company’s stock valued at $289,437,000 after acquiring an additional 669,321 shares during the period. Champlain Investment Partners LLC raised its position in shares of e.l.f. Beauty by 99.7% in the 4th quarter. Champlain Investment Partners LLC now owns 2,226,451 shares of the company’s stock valued at $279,531,000 after acquiring an additional 1,111,550 shares during the period. Finally, Clearbridge Investments LLC raised its position in shares of e.l.f. Beauty by 17.5% in the 4th quarter. Clearbridge Investments LLC now owns 1,772,528 shares of the company’s stock valued at $222,541,000 after acquiring an additional 264,296 shares during the period. 92.44% of the stock is currently owned by institutional investors and hedge funds.

e.l.f. Beauty Price Performance

NYSE:ELF opened at $61.44 on Monday. e.l.f. Beauty, Inc. has a 52-week low of $49.40 and a 52-week high of $219.77. The company has a market cap of $3.47 billion, a P/E ratio of 36.36, a P/E/G ratio of 6.76 and a beta of 1.41. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90. The stock’s 50-day simple moving average is $62.42 and its 200 day simple moving average is $97.48.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.35). e.l.f. Beauty had a return on equity of 16.88% and a net margin of 7.55%. As a group, sell-side analysts forecast that e.l.f. Beauty, Inc. will post 2.38 EPS for the current fiscal year.

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

In other news, Director Maureen C. Watson sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $67.39, for a total value of $269,560.00. Following the completion of the sale, the director now directly owns 1,888 shares of the company’s stock, valued at $127,232.32. This trade represents a 67.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Joshua Allen Franks sold 51,353 shares of e.l.f. Beauty stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $53.36, for a total value of $2,740,196.08. Following the transaction, the senior vice president now owns 114,660 shares of the company’s stock, valued at $6,118,257.60. This represents a 30.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 204,618 shares of company stock worth $10,974,536 over the last quarter. 3.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ELF. Raymond James cut their price target on shares of e.l.f. Beauty from $120.00 to $85.00 and set a “strong-buy” rating on the stock in a research report on Thursday, April 17th. Morgan Stanley reiterated an “equal weight” rating and issued a $70.00 price target (down from $153.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. 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 report on Friday, February 7th. The Goldman Sachs Group reduced their price target on shares of e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating for the company in a report on Friday, February 21st. Finally, UBS Group dropped their price objective on shares of e.l.f. Beauty from $74.00 to $59.00 and set a “neutral” rating on the stock in a report on Thursday, April 17th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $117.41.

e.l.f. Beauty Profile

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.