e.l.f. Beauty, Inc. (NYSE:ELF) Shares Purchased by Retirement Systems of Alabama

Retirement Systems of Alabama boosted its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 83.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 143,758 shares of the company's stock after buying an additional 65,448 shares during the period. Retirement Systems of Alabama owned 0.26% of e.l.f. Beauty worth $15,674,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in ELF. Baillie Gifford & Co. acquired a new position in shares of e.l.f. Beauty during the 2nd quarter worth approximately $801,693,000. Champlain Investment Partners LLC purchased a new position in e.l.f. Beauty during the third quarter worth approximately $121,558,000. Swedbank AB acquired a new position in e.l.f. Beauty during the third quarter worth $76,321,000. Clearbridge Investments LLC grew its holdings in e.l.f. Beauty by 84.4% in the 2nd quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company's stock valued at $265,432,000 after buying an additional 576,383 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in shares of e.l.f. Beauty by 223.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 555,287 shares of the company's stock worth $60,543,000 after acquiring an additional 383,478 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company's stock.

Analyst Ratings Changes

ELF has been the topic of several recent analyst reports. Jefferies Financial Group decreased their target price on shares of e.l.f. Beauty from $220.00 to $175.00 and set a "buy" rating on the stock in a report on Wednesday, October 30th. JPMorgan Chase & Co. decreased their price objective on e.l.f. Beauty from $167.00 to $154.00 and set an "overweight" rating for the company in a research note on Thursday, November 7th. Bank of America decreased their target price on e.l.f. Beauty from $190.00 to $165.00 and set a "buy" rating for the company in a research note on Tuesday, October 15th. DA Davidson restated a "buy" rating and issued a $170.00 price target on shares of e.l.f. Beauty in a research report on Wednesday, December 11th. Finally, TD Cowen cut their price target 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. One research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $170.65.

Insider Activity at e.l.f. Beauty

In related news, Director Maureen C. Watson sold 785 shares of e.l.f. Beauty stock in a transaction on Friday, November 29th. The stock was sold at an average price of $130.00, for a total transaction of $102,050.00. Following the transaction, the director now directly owns 1,888 shares in the company, valued at approximately $245,440. The trade was a 29.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tarang Amin sold 890 shares of e.l.f. Beauty stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $122,464.00. Following the sale, the chief executive officer now owns 99,699 shares in the company, valued at approximately $13,718,582.40. The trade was a 0.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,205 shares of company stock worth $297,442 in the last ninety days. 3.50% of the stock is owned by company insiders.

e.l.f. Beauty Price Performance

e.l.f. Beauty stock traded down $0.26 during mid-day trading on Monday, reaching $140.37. The company had a trading volume of 1,929,524 shares, compared to its average volume of 1,960,992. e.l.f. Beauty, Inc. has a fifty-two week low of $98.50 and a fifty-two week high of $221.83. The business has a fifty day simple moving average of $118.97 and a 200 day simple moving average of $148.68. The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. The company has a market cap of $7.91 billion, a P/E ratio of 75.88, a P/E/G ratio of 3.03 and a beta of 1.49.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.43 by $0.34. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The firm had revenue of $301.10 million during the quarter, compared to the consensus estimate of $289.43 million. During the same quarter in the previous year, the company posted $0.66 earnings per share. The company's quarterly revenue was up 39.7% on a year-over-year basis. On average, equities research analysts predict that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current year.

About e.l.f. Beauty

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.