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

Teachers Retirement System of The State of Kentucky decreased its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 18.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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 also recently added to or reduced their stakes in the business. Ashton Thomas Private Wealth LLC purchased a new stake in shares of e.l.f. Beauty in the second quarter valued at approximately $26,000. Innealta Capital LLC purchased a new stake in shares of e.l.f. Beauty during the 2nd quarter worth $30,000. Whittier Trust Co. of Nevada Inc. grew its stake in shares of e.l.f. Beauty by 405.9% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock worth $36,000 after purchasing an additional 138 shares during the period. Crewe Advisors LLC increased its holdings in shares of e.l.f. Beauty by 456.3% in the 2nd quarter. Crewe Advisors LLC now owns 178 shares of the company’s stock valued at $38,000 after purchasing an additional 146 shares in the last quarter. Finally, Planning Capital Management Corp lifted its stake in shares of e.l.f. Beauty by 1,855.0% in the third quarter. Planning Capital Management Corp now owns 391 shares of the company’s stock valued at $43,000 after purchasing an additional 371 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

Insiders Place Their Bets

In other news, Director Maureen C. Watson sold 785 shares of the 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 directly owns 1,888 shares in the company, valued at $245,440. This represents a 29.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Scott Milsten sold 530 shares of the business’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 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,205 shares of company stock valued at $297,442. Insiders own 3.50% of the company’s stock.

Wall Street Analyst Weigh In

ELF has been the topic of several recent analyst reports. JPMorgan Chase & Co. lowered their target price on shares of e.l.f. Beauty from $167.00 to $154.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. Robert W. Baird dropped their price objective on e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating for the company in a research note on Monday, October 21st. Piper Sandler reaffirmed 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. Jefferies Financial Group lowered their target price on 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. Finally, B. Riley cut their price target on e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $170.65.

e.l.f. Beauty Stock Performance

Shares of ELF opened at $140.37 on Tuesday. e.l.f. Beauty, Inc. has a 1 year low of $98.50 and a 1 year high of $221.83. The company’s 50 day simple moving average is $119.74 and its 200 day simple moving average is $148.38. The company has a market capitalization of $7.91 billion, a price-to-earnings ratio of 75.88, a PEG ratio of 3.03 and a beta of 1.49. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.34. The company had revenue of $301.10 million for the quarter, compared to analyst estimates of $289.43 million. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The business’s revenue for the quarter was up 39.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.66 EPS. On average, sell-side analysts predict that e.l.f. Beauty, Inc. will post 2.8 EPS 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.