Healthcare of Ontario Pension Plan Trust Fund Has $1.18 Million Stake in e.l.f. Beauty, Inc. (NYSE:ELF)

Healthcare of Ontario Pension Plan Trust Fund decreased its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 63.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,800 shares of the company's stock after selling 18,800 shares during the period. Healthcare of Ontario Pension Plan Trust Fund's holdings in e.l.f. Beauty were worth $1,178,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ELF. 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 acquired a new stake in e.l.f. Beauty in the second quarter valued at $27,000. Innealta Capital LLC bought a new position in e.l.f. Beauty during the 2nd quarter valued at $30,000. Whittier Trust Co. of Nevada Inc. grew its holdings in e.l.f. Beauty by 405.9% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company's stock worth $36,000 after acquiring an additional 138 shares in the last quarter. Finally, Crewe Advisors LLC increased its position in shares of e.l.f. Beauty by 456.3% in the 2nd quarter. Crewe Advisors LLC now owns 178 shares of the company's stock worth $38,000 after purchasing an additional 146 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company's stock.

e.l.f. Beauty Stock Up 0.9 %

Shares of NYSE ELF traded up $1.19 during mid-day trading on Monday, reaching $130.71. The company had a trading volume of 2,380,586 shares, compared to its average volume of 1,974,429. The stock has a fifty day moving average of $114.03 and a two-hundred day moving average of $151.13. e.l.f. Beauty, Inc. has a 12-month low of $98.50 and a 12-month high of $221.83. The company has a market capitalization of $7.36 billion, a price-to-earnings ratio of 70.65, a PEG ratio of 2.84 and a beta of 1.44. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, topping analysts' consensus estimates of $0.43 by $0.34. The business had revenue of $301.10 million for the quarter, compared to the consensus estimate of $289.43 million. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. e.l.f. Beauty's revenue for the quarter was up 39.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.66 earnings per share. As a group, equities research analysts expect that e.l.f. Beauty, Inc. will post 2.8 EPS for the current year.

Insider Buying and Selling

In other e.l.f. Beauty news, CEO Tarang Amin sold 23,528 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $136.45, for a total value of $3,210,395.60. Following the completion of the sale, the chief executive officer now directly owns 106,016 shares of the company's stock, valued at $14,465,883.20. This represents a 18.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 3.50% of the company's stock.

Analyst Upgrades and Downgrades

ELF has been the subject of several recent research reports. Canaccord Genuity Group lowered their target price on shares of e.l.f. Beauty from $250.00 to $200.00 and set a "buy" rating for the company in a research note on Thursday, November 7th. Stifel Nicolaus reduced their price objective on shares of e.l.f. Beauty from $131.00 to $115.00 and set a "hold" rating for the company in a report on Thursday, November 7th. Truist Financial lowered their target price on shares of e.l.f. Beauty from $210.00 to $130.00 and set a "buy" rating on the stock in a research note on Wednesday, October 16th. TD Cowen decreased their price objective on shares of e.l.f. Beauty from $235.00 to $150.00 and set a "buy" rating for the company in a report on Thursday, September 12th. Finally, Robert W. Baird cut their price target on shares of e.l.f. Beauty from $240.00 to $175.00 and set an "outperform" rating for the company in a report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $173.53.

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.