New York State Teachers Retirement System Decreases Position in e.l.f. Beauty, Inc. (NYSE:ELF)

New York State Teachers Retirement System lowered its stake in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 17.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,829 shares of the company's stock after selling 9,599 shares during the period. New York State Teachers Retirement System owned approximately 0.08% of e.l.f. Beauty worth $5,628,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Baillie Gifford & Co. raised its stake in shares of e.l.f. Beauty by 39.5% during the third 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 in the last quarter. Champlain Investment Partners LLC acquired a new position in shares of e.l.f. Beauty during the third quarter worth $121,558,000. Swedbank AB acquired a new position in shares of e.l.f. Beauty during the third quarter worth $76,321,000. Thrivent Financial for Lutherans grew its holdings in shares of e.l.f. Beauty by 223.2% during the third quarter. Thrivent Financial for Lutherans now owns 555,287 shares of the company's stock valued at $60,543,000 after buying an additional 383,478 shares during the last quarter. Finally, Westfield Capital Management Co. LP grew its holdings in shares of e.l.f. Beauty by 20,187.5% during the third quarter. Westfield Capital Management Co. LP now owns 334,743 shares of the company's stock valued at $36,497,000 after buying an additional 333,093 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company's stock.

e.l.f. Beauty Price Performance

Shares of ELF traded up $3.65 during mid-day trading on Friday, hitting $74.76. 2,952,613 shares of the company were exchanged, compared to its average volume of 3,284,145. e.l.f. Beauty, Inc. has a 1-year low of $63.50 and a 1-year high of $221.83. 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 company has a 50 day moving average of $111.49 and a 200-day moving average of $121.74. The stock has a market cap of $4.22 billion, a price-to-earnings ratio of 44.23, a price-to-earnings-growth ratio of 6.95 and a beta of 1.47.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last released 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%. Analysts expect that e.l.f. Beauty, Inc. will post 2.38 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley reissued an "equal weight" rating and set a $70.00 price objective (down from $153.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Canaccord Genuity Group lowered their price target on shares of e.l.f. Beauty from $174.00 to $105.00 and set a "buy" rating on the stock in a report on Friday, February 7th. Stifel Nicolaus lowered their price target on shares of e.l.f. Beauty from $115.00 to $105.00 and set a "hold" rating on the stock in a report on Monday, February 3rd. Raymond James lowered their price target on shares of e.l.f. Beauty from $175.00 to $120.00 and set a "strong-buy" rating on the stock in a report on Friday, February 7th. Finally, B. Riley reaffirmed a "buy" rating and issued a $90.00 price target (down from $150.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Five investment 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. Based on data from MarketBeat.com, e.l.f. Beauty presently has an average rating of "Moderate Buy" and a consensus target price of $132.94.

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

In other news, insider Scott Milsten sold 530 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $137.60, for a total value of $72,928.00. Following the completion of the sale, the insider now owns 68,853 shares of the company's stock, valued at $9,474,172.80. This represents a 0.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Tarang Amin sold 890 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $122,464.00. Following the transaction, the chief executive officer now directly owns 99,699 shares of the company's stock, valued at $13,718,582.40. The trade was a 0.88 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,205 shares of company stock worth $297,442. Insiders own 3.50% of the company's stock.

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.