Congress Asset Management Co. Increases Stock Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Congress Asset Management Co. lifted its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 21.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 610,990 shares of the company's stock after purchasing an additional 107,413 shares during the period. Congress Asset Management Co. owned about 1.08% of e.l.f. Beauty worth $76,710,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Baillie Gifford & Co. raised its stake in shares of e.l.f. Beauty by 39.5% during the 3rd quarter. Baillie Gifford & Co. now owns 5,305,692 shares of the company's stock worth $578,480,000 after purchasing an additional 1,501,151 shares during the period. State Street Corp raised its stake in shares of e.l.f. Beauty by 3.7% during the 3rd quarter. State Street Corp now owns 1,665,203 shares of the company's stock worth $181,557,000 after purchasing an additional 59,248 shares during the period. FMR LLC raised its stake in shares of e.l.f. Beauty by 5.5% during the 3rd quarter. FMR LLC now owns 1,186,766 shares of the company's stock worth $129,393,000 after purchasing an additional 61,524 shares during the period. Champlain Investment Partners LLC bought a new stake in shares of e.l.f. Beauty during the 3rd quarter worth $121,558,000. Finally, Geode Capital Management LLC raised its stake in shares of e.l.f. Beauty by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 955,064 shares of the company's stock worth $104,158,000 after purchasing an additional 24,778 shares during the period. 92.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling at e.l.f. Beauty

In other news, insider Scott Milsten sold 530 shares of the stock in a transaction that occurred 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 owns 68,853 shares of the company's stock, valued at approximately $9,474,172.80. This represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Maureen C. Watson sold 785 shares of the firm's stock in a transaction on Friday, November 29th. The stock was 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 directly 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 have sold 2,205 shares of company stock worth $297,442 over the last ninety days. Insiders own 3.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on e.l.f. Beauty from $154.00 to $163.00 and gave the company an "overweight" rating in a research note on Thursday, January 16th. UBS Group reaffirmed a "neutral" rating and set a $74.00 price objective (down from $158.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Canaccord Genuity Group dropped their price objective on shares of e.l.f. Beauty from $174.00 to $105.00 and set a "buy" rating on the stock in a report on Friday, February 7th. Truist Financial upped their price objective on shares of e.l.f. Beauty from $130.00 to $150.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Finally, DA Davidson reaffirmed a "neutral" rating and set a $80.00 price objective on shares of e.l.f. Beauty in a report on Tuesday. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $134.00.

e.l.f. Beauty Price Performance

Shares of ELF stock traded up $0.99 during trading on Wednesday, hitting $73.26. The company had a trading volume of 2,156,441 shares, compared to its average volume of 3,307,468. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. The stock's 50-day moving average is $114.01 and its two-hundred day moving average is $122.43. The stock has a market capitalization of $4.13 billion, a price-to-earnings ratio of 43.35, a price-to-earnings-growth ratio of 6.94 and a beta of 1.47. e.l.f. Beauty, Inc. has a 52 week low of $63.50 and a 52 week high of $221.83.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted 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%. As a group, analysts predict that e.l.f. Beauty, Inc. will post 2.38 EPS 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.