South Dakota Investment Council Purchases 17,685 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

South Dakota Investment Council grew its position in e.l.f. Beauty, Inc. (NYSE:ELF) by 101.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,071 shares of the company’s stock after acquiring an additional 17,685 shares during the quarter. South Dakota Investment Council owned 0.06% of e.l.f. Beauty worth $4,403,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in ELF. Baillie Gifford & Co. increased its position in shares of e.l.f. Beauty by 51.0% during the 4th quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company’s stock valued at $1,005,584,000 after purchasing an additional 2,703,742 shares during the last quarter. Champlain Investment Partners LLC bought a new position in shares of e.l.f. Beauty during the 3rd quarter valued at approximately $121,558,000. Swedbank AB bought a new position in shares of e.l.f. Beauty during the 3rd quarter valued at approximately $76,321,000. Thrivent Financial for Lutherans increased its position in shares of e.l.f. Beauty by 223.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 555,287 shares of the company’s stock valued at $60,543,000 after purchasing an additional 383,478 shares during the last quarter. Finally, Westfield Capital Management Co. LP increased its position in shares of e.l.f. Beauty by 20,187.5% during the 3rd quarter. Westfield Capital Management Co. LP now owns 334,743 shares of the company’s stock valued at $36,497,000 after purchasing an additional 333,093 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Price Performance

Shares of ELF stock opened at $74.76 on Monday. e.l.f. Beauty, Inc. has a twelve month low of $63.50 and a twelve month high of $221.83. The stock has a market capitalization of $4.22 billion, a price-to-earnings ratio of 44.23, a P/E/G ratio of 6.76 and a beta of 1.47. The stock has a fifty day simple moving average of $110.17 and a two-hundred day simple moving average of $120.60. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results 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, analysts predict that e.l.f. Beauty, Inc. will post 2.38 EPS for the current fiscal year.

Analyst Ratings Changes

ELF has been the topic of several analyst reports. JPMorgan Chase & Co. boosted their target price on e.l.f. Beauty from $154.00 to $163.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. DA Davidson reissued a “neutral” rating and set a $80.00 target price on shares of e.l.f. Beauty in a research report on Tuesday, February 18th. Raymond James cut their price objective on e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating on the stock in a research report on Friday, February 7th. Stifel Nicolaus cut their price objective on e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating on the stock in a research report on Monday, February 3rd. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $70.00 price objective (down previously from $153.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Five research 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’s stock. According to MarketBeat.com, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and an average target price of $132.94.

Insider Buying and Selling

In related news, insider Scott Milsten sold 530 shares of the company’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $72,928.00. Following the completion of the sale, the insider now directly owns 68,853 shares in the company, valued at $9,474,172.80. This represents a 0.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Tarang Amin sold 890 shares of the company’s stock in a transaction 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 owns 99,699 shares of the company’s stock, valued at $13,718,582.40. This trade represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,205 shares of company stock worth $297,442 in the last three months. 3.50% of the stock is owned by insiders.

About e.l.f. Beauty

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.