Vestcor Inc Sells 12,970 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Vestcor Inc trimmed its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 85.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,263 shares of the company’s stock after selling 12,970 shares during the quarter. Vestcor Inc’s holdings in e.l.f. Beauty were worth $284,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ELF. Principal Financial Group Inc. lifted its holdings in e.l.f. Beauty by 149.8% during the fourth quarter. Principal Financial Group Inc. now owns 328,557 shares of the company’s stock worth $41,250,000 after acquiring an additional 197,028 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in shares of e.l.f. Beauty by 441.0% during the 4th quarter. Global Retirement Partners LLC now owns 8,283 shares of the company’s stock valued at $1,040,000 after purchasing an additional 6,752 shares in the last quarter. Robbins Farley lifted its holdings in shares of e.l.f. Beauty by 27.1% during the 4th quarter. Robbins Farley now owns 34,396 shares of the company’s stock valued at $4,318,000 after purchasing an additional 7,335 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of e.l.f. Beauty by 43.4% in the 4th quarter. Pacer Advisors Inc. now owns 11,802 shares of the company’s stock valued at $1,482,000 after purchasing an additional 3,572 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in e.l.f. Beauty by 1,380.4% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 16,284 shares of the company’s stock worth $1,775,000 after purchasing an additional 15,184 shares in the last quarter. 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 4,000 shares of e.l.f. Beauty stock in a transaction that occurred on 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 directly owns 1,888 shares in the company, valued at approximately $127,232.32. The trade was a 67.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 3.50% of the company’s stock.

Wall Street Analysts Forecast Growth

ELF has been the topic of a number of research reports. Raymond James cut their price target on shares of e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating on the stock in a research note on Friday, February 7th. UBS Group reaffirmed a “neutral” rating and issued a $74.00 target price (down from $158.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft began coverage on e.l.f. Beauty in a report on Thursday, December 12th. They set a “hold” rating and a $133.00 target price for the company. DA Davidson cut their price target on e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating on the stock in a report on Monday. Finally, Truist Financial increased their price objective on e.l.f. Beauty from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, e.l.f. Beauty has a consensus rating of “Moderate Buy” and an average target price of $132.65.

e.l.f. Beauty Price Performance

Shares of ELF opened at $66.10 on Tuesday. 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’s fifty day simple moving average is $90.83 and its 200 day simple moving average is $109.97. e.l.f. Beauty, Inc. has a 1-year low of $61.90 and a 1-year high of $219.77. The company has a market cap of $3.73 billion, a price-to-earnings ratio of 39.11, a PEG ratio of 6.76 and a beta of 1.60.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate 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 forecast that e.l.f. Beauty, Inc. will post 2.38 earnings per share 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.