e.l.f. Beauty, Inc. (NYSE:ELF) Shares Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio increased its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 7.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,573 shares of the company’s stock after acquiring an additional 172 shares during the period. Public Employees Retirement System of Ohio’s holdings in e.l.f. Beauty were worth $283,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of ELF. Advisor Group Holdings Inc. lifted its position in e.l.f. Beauty by 7.6% during the first quarter. Advisor Group Holdings Inc. now owns 6,765 shares of the company’s stock worth $174,000 after buying an additional 476 shares in the last quarter. Bank of New York Mellon Corp lifted its position in e.l.f. Beauty by 1.1% during the first quarter. Bank of New York Mellon Corp now owns 428,775 shares of the company’s stock worth $11,076,000 after buying an additional 4,476 shares in the last quarter. Citigroup Inc. increased its stake in e.l.f. Beauty by 12.4% during the first quarter. Citigroup Inc. now owns 41,711 shares of the company’s stock worth $1,077,000 after acquiring an additional 4,617 shares during the last quarter. AlphaCrest Capital Management LLC acquired a new stake in e.l.f. Beauty during the first quarter worth $342,000. Finally, MetLife Investment Management LLC increased its stake in e.l.f. Beauty by 53.3% during the first quarter. MetLife Investment Management LLC now owns 26,424 shares of the company’s stock worth $683,000 after acquiring an additional 9,189 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Stock Down 0.8 %

Shares of NYSE ELF opened at $196.21 on Thursday. The company has a market capitalization of $10.89 billion, a price-to-earnings ratio of 86.82, a price-to-earnings-growth ratio of 2.25 and a beta of 1.60. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.50 and a quick ratio of 0.83. The business has a 50-day moving average of $183.22 and a two-hundred day moving average of $142.64. e.l.f. Beauty, Inc. has a 1 year low of $78.62 and a 1 year high of $221.83.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Tuesday, February 6th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.11. e.l.f. Beauty had a return on equity of 28.98% and a net margin of 14.53%. The business had revenue of $270.94 million during the quarter, compared to the consensus estimate of $239.66 million. On average, analysts forecast that e.l.f. Beauty, Inc. will post 2.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ELF shares. Raymond James raised their target price on e.l.f. Beauty from $140.00 to $180.00 and gave the stock a “strong-buy” rating in a research note on Monday, January 22nd. Morgan Stanley lifted their price objective 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. Robert W. Baird assumed coverage on e.l.f. Beauty in a research note on Tuesday, January 30th. They issued a “neutral” rating and a $185.00 price objective for the company. Stifel Nicolaus lifted their price objective on e.l.f. Beauty from $141.00 to $167.00 and gave the company a “hold” rating in a research note on Wednesday, February 7th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $220.00 price objective on shares of e.l.f. Beauty in a research note on Thursday, March 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $186.58.

Insider Activity at e.l.f. Beauty

In related news, insider Scott Milsten sold 5,061 shares of the business’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $140.22, for a total value of $709,653.42. Following the transaction, the insider now owns 79,104 shares in the company, valued at approximately $11,091,962.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other e.l.f. Beauty news, insider Scott Milsten sold 5,061 shares of the business’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $140.22, for a total transaction of $709,653.42. Following the transaction, the insider now owns 79,104 shares in the company, valued at approximately $11,091,962.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tarang Amin sold 23,142 shares of the business’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $139.44, for a total value of $3,226,920.48. Following the transaction, the chief executive officer now owns 44,263 shares in the company, valued at approximately $6,172,032.72. The disclosure for this sale can be found here. Insiders have sold 61,922 shares of company stock worth $10,145,374 in the last quarter. Company insiders own 5.20% of the company’s stock.

e.l.f. Beauty Company Profile

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.