Congress Asset Management Co. Grows Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Congress Asset Management Co. boosted its holdings in e.l.f. Beauty, Inc. (NYSE:ELF) by 21.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 610,990 shares of the company’s stock after acquiring an additional 107,413 shares during the quarter. Congress Asset Management Co.’s holdings in e.l.f. Beauty were worth $76,710,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new position in e.l.f. Beauty in the third quarter worth $25,000. Planning Capital Management Corp increased its position in shares of e.l.f. Beauty by 1,855.0% in the third quarter. Planning Capital Management Corp now owns 391 shares of the company’s stock valued at $43,000 after buying an additional 371 shares in the last quarter. nVerses Capital LLC purchased a new position in shares of e.l.f. Beauty in the third quarter valued at $44,000. Peterson Financial Group Inc. purchased a new position in shares of e.l.f. Beauty in the third quarter valued at $45,000. Finally, Financial Life Planners acquired a new stake in shares of e.l.f. Beauty during the fourth quarter valued at $46,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, insider Scott Milsten sold 530 shares of e.l.f. Beauty stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $72,928.00. Following the transaction, the insider now directly owns 68,853 shares in the company, 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, CEO Tarang Amin sold 890 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $137.60, for a total value of $122,464.00. Following the completion of the sale, the chief executive officer now owns 99,699 shares in the company, valued at approximately $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 valued at $297,442 in the last three months. Corporate insiders own 3.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on ELF shares. The Goldman Sachs Group decreased their price target on e.l.f. Beauty from $165.00 to $142.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Jefferies Financial Group reduced their price target on e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Stifel Nicolaus cut their target price 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. Raymond James cut their target price 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. Finally, JPMorgan Chase & Co. upped their price target 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. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, e.l.f. Beauty presently has an average rating of “Moderate Buy” and an average price target of $134.00.

e.l.f. Beauty Stock Performance

ELF opened at $72.97 on Friday. The firm has a market capitalization of $4.11 billion, a P/E ratio of 43.18, a price-to-earnings-growth ratio of 1.54 and a beta of 1.47. The stock’s 50 day moving average price is $116.66 and its two-hundred day moving average price is $124.10. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.22. e.l.f. Beauty, Inc. has a 12-month low of $63.50 and a 12-month high of $221.83.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.35). e.l.f. Beauty had a return on equity of 17.35% and a net margin of 7.55%. On average, equities analysts forecast that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current year.

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.