5,326 Shares in e.l.f. Beauty $ELF Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in e.l.f. Beauty (NYSE:ELF) in the second quarter, Holdings Channel reports. The institutional investor purchased 5,326 shares of the company’s stock, valued at approximately $663,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Louisiana State Employees Retirement System raised its holdings in e.l.f. Beauty by 0.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 15,900 shares of the company’s stock worth $1,979,000 after buying an additional 100 shares during the period. Farther Finance Advisors LLC raised its holdings in e.l.f. Beauty by 11.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 993 shares of the company’s stock worth $124,000 after buying an additional 105 shares during the period. Signaturefd LLC raised its holdings in e.l.f. Beauty by 27.9% during the 1st quarter. Signaturefd LLC now owns 858 shares of the company’s stock worth $54,000 after buying an additional 187 shares during the period. State of Michigan Retirement System raised its holdings in e.l.f. Beauty by 1.5% during the 1st quarter. State of Michigan Retirement System now owns 13,500 shares of the company’s stock worth $848,000 after buying an additional 200 shares during the period. Finally, GAMMA Investing LLC raised its holdings in e.l.f. Beauty by 10.3% during the 2nd quarter. GAMMA Investing LLC now owns 2,205 shares of the company’s stock worth $274,000 after buying an additional 206 shares during the period. 92.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on ELF. Piper Sandler restated an “overweight” rating on shares of e.l.f. Beauty in a report on Wednesday. Weiss Ratings restated a “hold (c)” rating on shares of e.l.f. Beauty in a report on Friday. Deutsche Bank Aktiengesellschaft downgraded e.l.f. Beauty from a “buy” rating to a “hold” rating and upped their target price for the company from $121.00 to $128.00 in a report on Tuesday, September 2nd. B. Riley upped their target price on e.l.f. Beauty from $150.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, September 10th. Finally, JPMorgan Chase & Co. upped their target price on e.l.f. Beauty from $130.00 to $168.00 and gave the company an “overweight” rating in a report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $142.73.

Insiders Place Their Bets

In related news, insider Kory Marchisotto sold 10,812 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $150.00, for a total value of $1,621,800.00. Following the completion of the sale, the insider owned 133,976 shares of the company’s stock, valued at approximately $20,096,400. The trade was a 7.47% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Scott Milsten sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $150.23, for a total value of $2,253,450.00. Following the completion of the sale, the insider directly owned 97,406 shares of the company’s stock, valued at approximately $14,633,303.38. The trade was a 13.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 301,060 shares of company stock worth $40,994,733 in the last quarter. Corporate insiders own 3.90% of the company’s stock.

e.l.f. Beauty Price Performance

Shares of ELF opened at $122.84 on Friday. The company has a market capitalization of $7.29 billion, a price-to-earnings ratio of 72.26, a P/E/G ratio of 2.91 and a beta of 1.57. e.l.f. Beauty has a fifty-two week low of $49.40 and a fifty-two week high of $150.99. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.26 and a quick ratio of 2.34. The business’s 50-day moving average is $131.82 and its 200-day moving average is $109.44.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.84 by $0.05. The business had revenue of $353.74 million during the quarter, compared to analysts’ expectations of $348.99 million. e.l.f. Beauty had a return on equity of 16.36% and a net margin of 7.29%.The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.10 EPS. Equities research analysts expect that e.l.f. Beauty will post 2.38 EPS for the current fiscal year.

e.l.f. Beauty Company 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.