e.l.f. Beauty, Inc. (NYSE:ELF) Shares Acquired by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE increased its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 4.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,459 shares of the company's stock after purchasing an additional 4,050 shares during the quarter. Congress Wealth Management LLC DE owned 0.16% of e.l.f. Beauty worth $11,106,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of ELF. Wilmington Savings Fund Society FSB acquired a new stake in shares of e.l.f. Beauty in the 3rd quarter valued at $25,000. Promus Capital LLC purchased a new position in e.l.f. Beauty in the fourth quarter valued at $31,000. Kestra Investment Management LLC acquired a new stake in e.l.f. Beauty in the fourth quarter valued at $32,000. Financial Life Planners purchased a new stake in e.l.f. Beauty during the 4th quarter worth about $46,000. Finally, New Wave Wealth Advisors LLC acquired a new position in shares of e.l.f. Beauty during the 4th quarter worth about $65,000. Hedge funds and other institutional investors own 92.44% of the company's stock.

e.l.f. Beauty Stock Performance

Shares of ELF stock traded down $0.29 during mid-day trading on Friday, hitting $64.87. The stock had a trading volume of 2,662,774 shares, compared to its average volume of 2,263,511. The firm has a market cap of $3.66 billion, a PE ratio of 38.38, a PEG ratio of 6.76 and a beta of 1.60. The company's 50-day simple moving average is $79.12 and its 200-day simple moving average is $105.82. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.17. e.l.f. Beauty, Inc. has a fifty-two week low of $60.35 and a fifty-two week high of $219.77.

e.l.f. Beauty (NYSE:ELF - Get Free Report) 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 net margin of 7.55% and a return on equity of 16.88%. Sell-side analysts anticipate that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current year.

Insider Activity at e.l.f. Beauty

In related news, Director Maureen C. Watson sold 4,000 shares of the business's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $67.39, for a total transaction of $269,560.00. Following the sale, the director now owns 1,888 shares of the company's stock, valued at approximately $127,232.32. The trade was a 67.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.50% of the company's stock.

Wall Street Analysts Forecast Growth

ELF has been the subject of several recent analyst reports. B. Riley restated a "buy" rating and set a $90.00 target price (down previously from $150.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. JPMorgan Chase & Co. boosted their price objective on shares of e.l.f. Beauty from $154.00 to $163.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of e.l.f. Beauty in a report on Thursday, December 12th. They issued a "hold" rating and a $133.00 target price for the company. Piper Sandler cut their price target on shares of e.l.f. Beauty from $167.00 to $131.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 5th. Finally, DA Davidson decreased their price objective on shares of e.l.f. Beauty from $80.00 to $75.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. 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's stock. According to MarketBeat, e.l.f. Beauty has a consensus rating of "Moderate Buy" and an average price target of $132.65.

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.