State of New Jersey Common Pension Fund D Increases Stock Position in e.l.f. Beauty $ELF

State of New Jersey Common Pension Fund D grew its position in e.l.f. Beauty (NYSE:ELF) by 45.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,522 shares of the company’s stock after purchasing an additional 9,201 shares during the period. State of New Jersey Common Pension Fund D’s holdings in e.l.f. Beauty were worth $2,245,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of e.l.f. Beauty by 29.3% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 384 shares of the company’s stock valued at $52,000 after purchasing an additional 87 shares during the last quarter. State of Wyoming raised its holdings in shares of e.l.f. Beauty by 7.1% in the third quarter. State of Wyoming now owns 1,595 shares of the company’s stock valued at $211,000 after purchasing an additional 106 shares during the last quarter. Securian Asset Management Inc. raised its holdings in shares of e.l.f. Beauty by 2.7% in the third quarter. Securian Asset Management Inc. now owns 4,442 shares of the company’s stock valued at $588,000 after purchasing an additional 115 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of e.l.f. Beauty by 58.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company’s stock valued at $39,000 after purchasing an additional 117 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of e.l.f. Beauty by 97.0% in the second quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company’s stock valued at $32,000 after purchasing an additional 128 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on ELF shares. Robert W. Baird lowered their target price on shares of e.l.f. Beauty from $115.00 to $90.00 and set an “outperform” rating for the company in a report on Tuesday, April 28th. JPMorgan Chase & Co. decreased their price objective on shares of e.l.f. Beauty from $105.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, April 17th. Bank of America decreased their price objective on shares of e.l.f. Beauty from $115.00 to $93.00 and set a “buy” rating for the company in a report on Friday, April 10th. TD Cowen decreased their price objective on shares of e.l.f. Beauty from $110.00 to $100.00 and set a “buy” rating for the company in a report on Monday, February 9th. Finally, Jefferies Financial Group started coverage on shares of e.l.f. Beauty in a report on Wednesday, January 14th. They set a “buy” rating and a $110.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, e.l.f. Beauty presently has an average rating of “Moderate Buy” and an average target price of $103.06.

e.l.f. Beauty Price Performance

ELF opened at $60.68 on Friday. The company has a market capitalization of $3.58 billion, a price-to-earnings ratio of 34.28, a PEG ratio of 3.33 and a beta of 1.71. The company has a quick ratio of 1.89, a current ratio of 2.76 and a debt-to-equity ratio of 0.70. The firm has a 50-day moving average price of $70.01 and a 200-day moving average price of $80.94. e.l.f. Beauty has a twelve month low of $58.05 and a twelve month high of $150.99.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Wednesday, February 4th. The company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.52. The firm had revenue of $489.51 million during the quarter, compared to the consensus estimate of $461.78 million. e.l.f. Beauty had a net margin of 6.84% and a return on equity of 15.08%. The company’s revenue was up 37.8% on a year-over-year basis. During the same quarter last year, the company earned $0.74 earnings per share. Equities analysts expect that e.l.f. Beauty will post 1.88 EPS for the current year.

Insider Transactions at e.l.f. Beauty

In other news, SVP Joshua Allen Franks sold 23,535 shares of e.l.f. Beauty stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $63.66, for a total value of $1,498,238.10. Following the completion of the transaction, the senior vice president owned 118,071 shares in the company, valued at $7,516,399.86. This trade represents a 16.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mandy J. Fields sold 23,656 shares of e.l.f. Beauty stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $63.66, for a total transaction of $1,505,940.96. Following the completion of the transaction, the insider owned 77,437 shares of the company’s stock, valued at $4,929,639.42. The trade was a 23.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 210,013 shares of company stock valued at $13,315,490. 3.90% of the stock is currently owned by insiders.

e.l.f. Beauty Company Profile

e.l.f. Beauty (NYSE: ELF) is an American cosmetics company known for offering an extensive range of affordable, trend-driven makeup and skincare products. The company’s portfolio spans foundations, lipsticks, mascaras, brushes, serums, masks and other beauty essentials, all positioned at accessible price points. e.l.f. Beauty maintains a direct-to-consumer platform through its e-commerce site and engages in widespread retail partnerships with major chains such as Target, Walmart, Ulta Beauty and Amazon.

Founded in 2004 and headquartered in Oakland, California, e.l.f.