Teachers Retirement System of The State of Kentucky Decreases Stock Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Teachers Retirement System of The State of Kentucky lowered its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 18.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,383 shares of the company's stock after selling 4,134 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in e.l.f. Beauty were worth $2,004,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Baillie Gifford & Co. grew its position in e.l.f. Beauty by 39.5% during the 3rd quarter. Baillie Gifford & Co. now owns 5,305,692 shares of the company's stock worth $578,480,000 after purchasing an additional 1,501,151 shares during the last quarter. State Street Corp boosted its stake in shares of e.l.f. Beauty by 3.7% during the third quarter. State Street Corp now owns 1,665,203 shares of the company's stock worth $181,557,000 after buying an additional 59,248 shares during the period. William Blair Investment Management LLC increased its position in e.l.f. Beauty by 12.5% in the 2nd quarter. William Blair Investment Management LLC now owns 1,512,180 shares of the company's stock valued at $318,647,000 after acquiring an additional 168,267 shares during the period. Clearbridge Investments LLC increased its position 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 acquiring an additional 576,383 shares during the period. Finally, FMR LLC raised its stake in e.l.f. Beauty by 5.5% during the 3rd quarter. FMR LLC now owns 1,186,766 shares of the company's stock valued at $129,393,000 after acquiring an additional 61,524 shares during the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at e.l.f. Beauty

In other news, CEO Tarang Amin sold 890 shares of e.l.f. Beauty stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $137.60, for a total value 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Scott Milsten sold 530 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 $72,928.00. Following the sale, the insider now directly owns 68,853 shares of the company's stock, valued at approximately $9,474,172.80. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,205 shares of company stock worth $297,442. 3.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ELF has been the topic of a number of recent research reports. TD Cowen dropped their target price on e.l.f. Beauty from $235.00 to $150.00 and set a "buy" rating on the stock in a report on Thursday, September 12th. Piper Sandler reissued an "overweight" rating and issued a $165.00 price objective (up from $162.00) on shares of e.l.f. Beauty in a research note on Thursday, November 7th. 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 on the stock in a report on Thursday, November 7th. Bank of America cut their price target on shares of e.l.f. Beauty from $190.00 to $165.00 and set a "buy" rating for the company in a report on Tuesday, October 15th. Finally, Truist Financial lowered their price objective on e.l.f. Beauty from $210.00 to $130.00 and set a "buy" rating on the stock in a report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $170.65.

e.l.f. Beauty Trading Down 3.8 %

Shares of NYSE ELF traded down $5.39 during midday trading on Tuesday, reaching $134.88. 1,093,344 shares of the stock were exchanged, compared to its average volume of 1,957,425. The stock has a 50 day moving average price of $120.36 and a 200-day moving average price of $148.02. 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 capitalization of $7.60 billion, a P/E ratio of 72.91, a P/E/G ratio of 3.03 and a beta of 1.49. e.l.f. Beauty, Inc. has a 52-week low of $98.50 and a 52-week high of $221.83.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $289.43 million. During the same period last year, the company earned $0.66 EPS. The firm's quarterly revenue was up 39.7% on a year-over-year basis. Equities research analysts expect that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current fiscal 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.