Commonwealth of Pennsylvania Public School Empls Retrmt SYS Lowers Stake in e.l.f. Beauty, Inc. (NYSE:ELF)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELFFree Report) by 36.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 36,407 shares of the company’s stock after selling 20,824 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned about 0.07% of e.l.f. Beauty worth $3,999,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Guidance Capital Inc. increased its position in e.l.f. Beauty by 3.0% in the 3rd quarter. Guidance Capital Inc. now owns 3,454 shares of the company’s stock valued at $379,000 after acquiring an additional 100 shares during the period. Metropolitan Life Insurance Co NY increased its position in e.l.f. Beauty by 3.9% in the 2nd quarter. Metropolitan Life Insurance Co NY now owns 2,744 shares of the company’s stock valued at $313,000 after acquiring an additional 102 shares during the period. Financial Gravity Asset Management Inc. acquired a new stake in e.l.f. Beauty in the 2nd quarter valued at approximately $891,000. Raymond James Financial Services Advisors Inc. increased its position in e.l.f. Beauty by 5.8% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 3,013 shares of the company’s stock valued at $344,000 after acquiring an additional 165 shares during the period. Finally, Quadrant Capital Group LLC increased its position in e.l.f. Beauty by 10.5% in the 2nd quarter. Quadrant Capital Group LLC now owns 1,877 shares of the company’s stock valued at $214,000 after acquiring an additional 179 shares during the period. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Joshua Allen Franks sold 1,023 shares of e.l.f. Beauty stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $152.50, for a total transaction of $156,007.50. Following the transaction, the senior vice president now owns 91,003 shares in the company, valued at $13,877,957.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP Joshua Allen Franks sold 1,023 shares of e.l.f. Beauty stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $152.50, for a total transaction of $156,007.50. Following the completion of the sale, the senior vice president now owns 91,003 shares of the company’s stock, valued at $13,877,957.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Tarang Amin sold 29,666 shares of e.l.f. Beauty stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $150.29, for a total value of $4,458,503.14. Following the sale, the chief executive officer now directly owns 252,792 shares of the company’s stock, valued at approximately $37,992,109.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 69,092 shares of company stock worth $10,082,191. 5.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ELF has been the topic of several analyst reports. Raymond James raised their target price on e.l.f. Beauty from $140.00 to $180.00 and gave the company a “strong-buy” rating in a research report on Monday, January 22nd. JPMorgan Chase & Co. increased their price target on e.l.f. Beauty from $130.00 to $175.00 and gave the company an “overweight” rating in a research note on Thursday, January 18th. Morgan Stanley increased their price target on e.l.f. Beauty from $168.00 to $184.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. Truist Financial increased their price target on e.l.f. Beauty from $150.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Finally, DA Davidson raised their price objective on e.l.f. Beauty from $178.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $162.58.

Get Our Latest Report on ELF

e.l.f. Beauty Stock Performance

Shares of ELF stock opened at $174.52 on Monday. e.l.f. Beauty, Inc. has a 1-year low of $67.59 and a 1-year high of $175.74. The company has a current ratio of 1.50, a quick ratio of 0.83 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $9.69 billion, a price-to-earnings ratio of 77.22, a P/E/G ratio of 2.21 and a beta of 1.54. The stock’s fifty day simple moving average is $149.76 and its 200-day simple moving average is $127.41.

About e.l.f. Beauty

(Free Report)

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.

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Institutional Ownership by Quarter for e.l.f. Beauty (NYSE:ELF)

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