TIAA CREF Investment Management LLC Acquires 39,440 Shares of e.l.f. Beauty Inc. (ELF)

TIAA CREF Investment Management LLC grew its holdings in shares of e.l.f. Beauty Inc. (NYSE:ELF) by 236.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,141 shares of the company’s stock after buying an additional 39,440 shares during the quarter. TIAA CREF Investment Management LLC owned 0.12% of e.l.f. Beauty worth $1,528,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fortaleza Asset Management Inc. purchased a new stake in shares of e.l.f. Beauty during the 2nd quarter valued at about $107,000. Legal & General Group Plc raised its position in shares of e.l.f. Beauty by 63.3% during the 2nd quarter. Legal & General Group Plc now owns 4,155 shares of the company’s stock valued at $112,000 after buying an additional 1,610 shares in the last quarter. American International Group Inc. purchased a new stake in shares of e.l.f. Beauty during the 1st quarter valued at about $162,000. Skylands Capital LLC purchased a new stake in shares of e.l.f. Beauty during the 2nd quarter valued at about $280,000. Finally, Neuberger Berman Group LLC raised its position in shares of e.l.f. Beauty by 2.5% during the 2nd quarter. Neuberger Berman Group LLC now owns 12,510 shares of the company’s stock valued at $340,000 after buying an additional 310 shares in the last quarter. Hedge funds and other institutional investors own 86.46% of the company’s stock.

In other e.l.f. Beauty news, insider Scott Milsten sold 5,172 shares of the company’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $19.52, for a total value of $100,957.44. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider John P. Bailey sold 6,159 shares of the company’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $24.72, for a total transaction of $152,250.48. The disclosure for this sale can be found here. Insiders sold a total of 21,468 shares of company stock worth $497,039 over the last three months. 16.50% of the stock is currently owned by corporate insiders.

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Shares of e.l.f. Beauty Inc. (NYSE ELF) opened at $20.62 on Monday. The company has a current ratio of 2.13, a quick ratio of 0.70 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $950.59, a price-to-earnings ratio of 68.73, a PEG ratio of 3.73 and a beta of 3.53.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data on Wednesday, August 9th. The company reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.07. e.l.f. Beauty had a net margin of 4.16% and a return on equity of 10.54%. The company had revenue of $55.90 million for the quarter, compared to analyst estimates of $55.73 million. The firm’s revenue for the quarter was up 26.8% compared to the same quarter last year. analysts anticipate that e.l.f. Beauty Inc. will post 0.29 EPS for the current year.

Several analysts have recently issued reports on the stock. Stifel Nicolaus set a $25.00 target price on shares of e.l.f. Beauty and gave the company a “hold” rating in a research report on Thursday, August 10th. Jefferies Group LLC restated a “buy” rating and set a $30.00 target price on shares of e.l.f. Beauty in a research report on Monday, September 11th. Zacks Investment Research upgraded shares of e.l.f. Beauty from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. DA Davidson began coverage on shares of e.l.f. Beauty in a research report on Wednesday, September 6th. They set a “buy” rating and a $26.00 target price on the stock. Finally, BMO Capital Markets set a $38.00 price objective on shares of e.l.f. Beauty and gave the stock a “buy” rating in a research report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. e.l.f. Beauty presently has a consensus rating of “Buy” and an average target price of $29.57.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc, formerly J.A. Cosmetics Holdings, Inc, is a cosmetic company. The Company conducts its business under the name e.l.f. Cosmetics, and offers products for eyes, lips and face to consumers through its retail customers, e.l.f. stores and e-commerce channels. The Company offers a range of products for eyes, such as eyeshadow, eyeliner, mascara and eyelashes, eyebrows, concealer and primer, brushes and tools, and sets and palettes.

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Institutional Ownership by Quarter for e.l.f. Beauty (NYSE:ELF)

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