Vestcor Inc Has $1.66 Million Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Vestcor Inc reduced its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 43.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,233 shares of the company's stock after selling 11,888 shares during the quarter. Vestcor Inc's holdings in e.l.f. Beauty were worth $1,661,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC purchased a new position in e.l.f. Beauty in the 2nd quarter worth about $26,000. Innealta Capital LLC acquired a new stake in shares of e.l.f. Beauty during the second quarter valued at approximately $30,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of e.l.f. Beauty by 405.9% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company's stock valued at $36,000 after purchasing an additional 138 shares in the last quarter. Crewe Advisors LLC grew its holdings in shares of e.l.f. Beauty by 456.3% during the second quarter. Crewe Advisors LLC now owns 178 shares of the company's stock valued at $38,000 after buying an additional 146 shares in the last quarter. Finally, Planning Capital Management Corp raised its position in e.l.f. Beauty by 1,855.0% during the third quarter. Planning Capital Management Corp now owns 391 shares of the company's stock valued at $43,000 after buying an additional 371 shares during the period. 92.44% of the stock is currently owned by institutional investors and hedge funds.

e.l.f. Beauty Stock Performance

Shares of NYSE ELF traded down $6.95 during trading hours on Thursday, hitting $131.52. 1,534,732 shares of the stock were exchanged, compared to its average volume of 1,962,761. e.l.f. Beauty, Inc. has a one year low of $98.50 and a one year high of $221.83. The company's 50 day moving average is $117.75 and its 200 day moving average is $149.71. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01. The firm has a market capitalization of $7.41 billion, a P/E ratio of 71.09, a P/E/G ratio of 3.06 and a beta of 1.49.

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

Wall Street Analyst Weigh In

ELF has been the topic of several research analyst reports. B. Riley lowered their target price on e.l.f. Beauty from $175.00 to $150.00 and set a "buy" rating on the stock in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of e.l.f. Beauty in a research note on Thursday. They issued a "hold" rating and a $133.00 price objective on the stock. Truist Financial decreased their target price on shares of e.l.f. Beauty from $210.00 to $130.00 and set a "buy" rating for the company in a research note on Wednesday, October 16th. Robert W. Baird dropped their price target on shares of e.l.f. Beauty from $240.00 to $175.00 and set an "outperform" rating on the stock in a research note on Monday, October 21st. Finally, Piper Sandler reiterated an "overweight" rating and set a $165.00 price objective (up from $162.00) on shares of e.l.f. Beauty in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $171.00.

Insiders Place Their Bets

In other news, Director Maureen C. Watson sold 785 shares of the business's stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $130.00, for a total transaction of $102,050.00. Following the transaction, the director now owns 1,888 shares in the company, valued at approximately $245,440. The trade was a 29.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Scott Milsten sold 530 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $72,928.00. Following the completion of the sale, the insider now owns 68,853 shares of the company's stock, valued at approximately $9,474,172.80. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,205 shares of company stock valued at $297,442 in the last three months. Company insiders own 3.50% of the company's stock.

e.l.f. Beauty 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.