State of Alaska Department of Revenue Sells 9,035 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

State of Alaska Department of Revenue reduced its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 58.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,425 shares of the company's stock after selling 9,035 shares during the quarter. State of Alaska Department of Revenue's holdings in e.l.f. Beauty were worth $806,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new position in e.l.f. Beauty in the 3rd quarter worth $25,000. Planning Capital Management Corp raised its holdings in e.l.f. Beauty by 1,855.0% in the 3rd quarter. Planning Capital Management Corp now owns 391 shares of the company's stock worth $43,000 after purchasing an additional 371 shares in the last quarter. nVerses Capital LLC bought a new position in e.l.f. Beauty in the 3rd quarter worth $44,000. Peterson Financial Group Inc. bought a new position in e.l.f. Beauty in the 3rd quarter worth $45,000. Finally, Financial Life Planners bought a new position in e.l.f. Beauty in the 4th quarter worth $46,000. 92.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ELF. Deutsche Bank Aktiengesellschaft began coverage on shares of e.l.f. Beauty in a research report on Thursday, December 12th. They issued a "hold" rating and a $133.00 target price on the stock. Piper Sandler reduced their target price on shares of e.l.f. Beauty from $167.00 to $131.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 5th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $70.00 target price (down from $153.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Jefferies Financial Group reduced 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 research report on Wednesday, October 30th. Finally, Robert W. Baird reduced their target price on shares of e.l.f. Beauty from $240.00 to $175.00 and set an "outperform" rating on the stock in a research report on Monday, October 21st. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $134.00.

e.l.f. Beauty Stock Performance

Shares of NYSE ELF traded up $1.51 during trading on Tuesday, reaching $74.51. 1,352,317 shares of the company traded hands, compared to its average volume of 3,268,805. The firm has a 50 day simple moving average of $115.31 and a 200-day simple moving average of $123.09. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $4.20 billion, a PE ratio of 44.16, a P/E/G ratio of 1.54 and a beta of 1.47. e.l.f. Beauty, Inc. has a 52-week low of $63.50 and a 52-week high of $221.83.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.76 by ($0.35). e.l.f. Beauty had a net margin of 7.55% and a return on equity of 17.35%. Equities research analysts anticipate that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current year.

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, insider Scott Milsten sold 530 shares of the firm's 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 $72,928.00. Following the sale, the insider now owns 68,853 shares in the company, valued at approximately $9,474,172.80. This trade represents a 0.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tarang Amin sold 890 shares of the firm's 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 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 have sold 2,205 shares of company stock worth $297,442 in the last quarter. Company 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.