Retirement Systems of Alabama Sells 5,446 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Retirement Systems of Alabama lowered its holdings in e.l.f. Beauty, Inc. (NYSE:ELF) by 3.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 138,312 shares of the company’s stock after selling 5,446 shares during the period. Retirement Systems of Alabama’s holdings in e.l.f. Beauty were worth $17,365,000 at the end of the most recent reporting period.

Other hedge funds 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 in the 3rd quarter valued at approximately $25,000. Planning Capital Management Corp raised its stake 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 worth $43,000 after acquiring an additional 371 shares in the last quarter. nVerses Capital LLC bought a new position in shares of e.l.f. Beauty during the third quarter valued at $44,000. Peterson Financial Group Inc. acquired a new stake in shares of e.l.f. Beauty in the 3rd quarter valued at $45,000. Finally, Financial Life Planners bought a new stake in shares of e.l.f. Beauty in the 4th quarter worth about $46,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

Wall Street Analysts Forecast Growth

ELF has been the subject of several analyst reports. DA Davidson reissued a “buy” rating and set a $170.00 price target on shares of e.l.f. Beauty in a report on Wednesday. Bank of America cut their target price on shares of e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. Robert W. Baird decreased their price target on e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating on the stock in a research report on Monday, October 21st. UBS Group lifted their price objective on e.l.f. Beauty from $156.00 to $158.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Finally, Canaccord Genuity Group decreased their target price on e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $166.35.

e.l.f. Beauty Stock Up 1.6 %

NYSE:ELF opened at $88.76 on Friday. The stock’s fifty day simple moving average is $124.44 and its 200-day simple moving average is $128.89. The firm has a market capitalization of $5.00 billion, a P/E ratio of 47.98, a P/E/G ratio of 1.74 and a beta of 1.47. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.22. e.l.f. Beauty, Inc. has a 12-month low of $85.41 and a 12-month high of $221.83.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Thursday, February 6th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.35). e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. Equities research analysts expect that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current year.

Insider Transactions at e.l.f. Beauty

In other news, Director Maureen C. Watson sold 785 shares of e.l.f. Beauty stock in a transaction dated Friday, November 29th. The stock was 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 $245,440. The trade was a 29.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Tarang Amin sold 890 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $137.60, for a total value of $122,464.00. Following the sale, the chief executive officer now directly owns 99,699 shares of the company’s stock, valued at approximately $13,718,582.40. The trade was a 0.88 % decrease in their ownership of the stock. 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 over the last three months. 3.50% of the stock is currently owned by corporate insiders.

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.