Vestcor Inc Trims Stock Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

by · The Cerbat Gem

Vestcor Inc reduced its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF – Free Report) by 43.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,233 shares of the company’s stock after selling 11,888 shares during the period. Vestcor Inc’s holdings in e.l.f. Beauty were worth $1,661,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Baillie Gifford & Co. purchased a new stake in shares of e.l.f. Beauty in the second quarter worth $801,693,000. Champlain Investment Partners LLC purchased a new stake in e.l.f. Beauty in the 3rd quarter worth $121,558,000. Swedbank AB bought a new stake in e.l.f. Beauty during the third quarter valued at about $76,321,000. Clearbridge Investments LLC lifted its position in shares of e.l.f. Beauty by 84.4% in the second quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock valued at $265,432,000 after acquiring an additional 576,383 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in shares of e.l.f. Beauty by 223.2% in the third quarter. Thrivent Financial for Lutherans now owns 555,287 shares of the company’s stock worth $60,543,000 after acquiring an additional 383,478 shares during the period. 92.44% of the stock is currently owned by institutional investors.

e.l.f. Beauty Stock Up 0.7 %

Shares of NYSE ELF opened at $138.58 on Thursday. e.l.f. Beauty, Inc. has a 1 year low of $98.50 and a 1 year high of $221.83. The firm has a 50-day simple moving average of $117.75 and a two-hundred day simple moving average of $149.71. The company has a market cap of $7.81 billion, a P/E ratio of 74.91, a PEG ratio of 3.06 and a beta of 1.49. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01.

e.l.f. Beauty (NYSE:ELF – Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.43 by $0.34. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The company had revenue of $301.10 million for the quarter, compared to the consensus estimate of $289.43 million. During the same quarter in the prior year, the company posted $0.66 EPS. e.l.f. Beauty’s quarterly revenue was up 39.7% on a year-over-year basis. Research analysts anticipate that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently commented on ELF. Morgan Stanley lowered their price target on e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating on the stock in a report on Monday, September 30th. Robert W. Baird lowered their target price on shares of e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating on the stock in a report on Monday, October 21st. B. Riley reduced their price target on shares of e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. TD Cowen reduced their target price on e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. Finally, Stifel Nicolaus dropped their price target on e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating for the company in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $173.53.

Read Our Latest Stock Report on e.l.f. Beauty

Insider Activity at e.l.f. Beauty

In other news, insider Scott Milsten sold 530 shares of e.l.f. Beauty stock in a transaction that occurred on Friday, December 6th. The shares were 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 owns 68,853 shares of the company’s stock, valued at approximately $9,474,172.80. The trade was a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Maureen C. Watson sold 785 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $130.00, for a total value of $102,050.00. Following the completion of the sale, the director now owns 1,888 shares of the company’s stock, valued at $245,440. The trade was a 29.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,205 shares of company stock worth $297,442 in the last 90 days. 3.50% of the stock is owned by corporate insiders.

e.l.f. Beauty Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding ELF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for e.l.f. Beauty, Inc. (NYSE:ELF – Free Report).