2,403 Shares in e.l.f. Beauty, Inc. (NYSE:ELF) Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas acquired a new stake in e.l.f. Beauty, Inc. (NYSE:ELF) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 2,403 shares of the company’s stock, valued at approximately $302,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new stake in shares of e.l.f. Beauty during the third quarter valued at approximately $25,000. Promus Capital LLC acquired a new position in e.l.f. Beauty during the 4th quarter worth $31,000. Kestra Investment Management LLC bought a new position in e.l.f. Beauty in the 4th quarter valued at $32,000. Financial Life Planners acquired a new stake in shares of e.l.f. Beauty in the 4th quarter valued at $46,000. Finally, Quarry LP bought a new stake in shares of e.l.f. Beauty during the third quarter worth $62,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

e.l.f. Beauty Stock Performance

Shares of e.l.f. Beauty stock opened at $64.30 on Wednesday. The stock’s fifty day simple moving average is $76.75 and its 200 day simple moving average is $105.03. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $3.63 billion, a PE ratio of 38.05, a PEG ratio of 6.76 and a beta of 1.60. e.l.f. Beauty, Inc. has a 12 month low of $60.35 and a 12 month high of $219.77.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.35). e.l.f. Beauty had a return on equity of 16.88% and a net margin of 7.55%. On average, research analysts predict that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.

Analyst Ratings Changes

ELF has been the topic of several recent research reports. Morgan Stanley reiterated an “equal weight” rating and issued a $70.00 price target (down previously from $153.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Canaccord Genuity Group reduced their target price on shares of e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Raymond James dropped their price target on shares of e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating for the company in a research note on Friday, February 7th. Stifel Nicolaus cut their price objective on shares of e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating on the stock in a report on Monday, February 3rd. Finally, Piper Sandler lowered their target price on shares of e.l.f. Beauty from $102.00 to $90.00 and set an “overweight” rating for the company in a report on Monday. Five 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. According to data from MarketBeat.com, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.24.

Insiders Place Their Bets

In other e.l.f. Beauty news, Director Maureen C. Watson sold 4,000 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $67.39, for a total transaction of $269,560.00. Following the completion of the transaction, the director now owns 1,888 shares in the company, valued at approximately $127,232.32. This represents a 67.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.50% of the company’s stock.

e.l.f. Beauty Profile

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.