16,055 e.l.f. Beauty $ELF Shares Acquired by Congress Asset Management Co.

Key Points

• Congress Asset Management increased its e.l.f. Beauty stake by 5.7%, acquiring 16,055 shares to own 299,742 shares valued at approximately $30.3 million. Institutional investors collectively hold 92.44% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $99. Recent upgrades include targets as high as $117, although the stock opened at $102.79.
• e.l.f. Beauty recently exceeded quarterly expectations, reporting $1.75 in EPS versus a $0.71 consensus estimate and revenue of $479.37 million, up 35.5% year over year. Insiders have nevertheless sold 87,702 shares worth $8.9 million over the past 90 days.

Congress Asset Management Co. increased its position in shares of e.l.f. Beauty (NYSE:ELF - Free Report) by 5.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 299,742 shares of the company's stock after purchasing an additional 16,055 shares during the period. Congress Asset Management Co. owned 0.51% of e.l.f. Beauty worth $30,265,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Cim Investment Management Inc. boosted its stake in shares of e.l.f. Beauty by 14.5% in the second quarter. Cim Investment Management Inc. now owns 6,914 shares of the company's stock worth $512,000 after acquiring an additional 874 shares during the period. Envestnet Portfolio Solutions Inc. raised its position in shares of e.l.f. Beauty by 74.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 11,693 shares of the company's stock valued at $865,000 after buying an additional 4,995 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of e.l.f. Beauty by 40.2% in the second quarter. Envestnet Asset Management Inc. now owns 126,876 shares of the company's stock worth $9,389,000 after buying an additional 36,386 shares in the last quarter. State Street Corp lifted its holdings in shares of e.l.f. Beauty by 4.2% in the second quarter. State Street Corp now owns 1,874,997 shares of the company's stock worth $138,647,000 after buying an additional 75,842 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of e.l.f. Beauty by 1.6% during the second quarter. The Manufacturers Life Insurance Company now owns 41,120 shares of the company's stock worth $3,043,000 after acquiring an additional 653 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. B. Riley Financial reiterated a "buy" rating and issued a $115.00 target price (up from $100.00) on shares of e.l.f. Beauty in a research report on Wednesday, September 16th. TD Cowen raised their price target on e.l.f. Beauty from $85.00 to $110.00 and gave the company a "buy" rating in a report on Monday, August 10th. Raymond James Financial lifted their price objective on e.l.f. Beauty from $100.00 to $117.00 and gave the stock a "strong-buy" rating in a research note on Thursday, October 1st. Weiss Ratings raised e.l.f. Beauty from a "sell (d)" rating to a "sell (d+)" rating in a report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $64.00 target price on shares of e.l.f. Beauty in a research report on Tuesday, June 16th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $99.00.

e.l.f. Beauty Stock Down 0.9%

NYSE ELF opened at $102.79 on Wednesday. The company has a quick ratio of 1.82, a current ratio of 2.55 and a debt-to-equity ratio of 0.69. e.l.f. Beauty has a 52 week low of $48.82 and a 52 week high of $147.75. The firm has a market capitalization of $6.07 billion, a price-to-earnings ratio of 102.79, a PEG ratio of 2.93 and a beta of 1.61. The company has a fifty day moving average of $98.40 and a two-hundred day moving average of $76.64.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $1.04. The firm had revenue of $479.37 million during the quarter, compared to analyst estimates of $431.20 million. e.l.f. Beauty had a net margin of 3.38% and a return on equity of 14.07%. The business's revenue was up 35.5% on a year-over-year basis. During the same quarter last year, the business earned $0.89 EPS. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. On average, analysts predict that e.l.f. Beauty will post 2.65 earnings per share for the current year.

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, SVP Joshua Franks sold 5,512 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $110.00, for a total value of $606,320.00. Following the sale, the senior vice president owned 138,797 shares in the company, valued at $15,267,670. This trade represents a 3.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Mandy Fields sold 16,065 shares of e.l.f. Beauty stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $104.52, for a total value of $1,679,113.80. Following the sale, the insider owned 90,896 shares of the company's stock, valued at approximately $9,500,449.92. This trade represents a 15.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 87,702 shares of company stock valued at $8,902,588. Company insiders own 3.50% of the company's stock.

Trending Headlines about e.l.f. Beauty

Here are the key news stories impacting e.l.f. Beauty this week:

• Positive Sentiment: New fragrance and body-care growth opportunity: e.l.f. Beauty launched e.l.f. POP, a new platform spanning fragrance and body care. Its first product is the limited-edition holiday “Spicy Bundt Nice” collection. The expansion could broaden the company’s addressable market and create additional growth avenues, although the near-term financial contribution is uncertain. e.l.f. POP launch
• Positive Sentiment: Optimism ahead of earnings: Zacks highlighted e.l.f.’s history of earnings surprises and said its current Earnings ESP indicators point to the possibility of another quarterly beat. The outlook is encouraging following the company’s latest reported quarter, when revenue rose 35.5% year over year and EPS significantly exceeded consensus estimates. Zacks earnings outlook
• Neutral Sentiment: Investor attention and sector comparison: Recent Zacks articles note that ELF is attracting significant investor interest and has outperformed or drawn comparisons within the consumer-staples group. However, the coverage does not introduce a new catalyst or change to earnings estimates. Zacks investor attention article
• Negative Sentiment: CEO sells $4.86 million of stock: CEO Tarang Amin sold 47,000 shares at an average price of $103.31, reducing his direct stake by 25.9%. The sale may be routine personal financial planning, but its size can weigh on sentiment and raise concerns about insider confidence. CEO insider sale
• Negative Sentiment: Valuation risk: ELF trades at roughly 103 times earnings, while the reported consensus price target is $99, below the recent trading level. Comparisons with Abercrombie also emphasize e.l.f.’s substantially higher forward earnings multiple, leaving the stock vulnerable if growth or earnings momentum slows. Consensus price target

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc is a cosmetics and skin-care company that develops, markets and sells beauty products through mass retailers, specialty beauty stores, e-commerce platforms and its own websites. Its portfolio includes makeup, skin-care, body-care and related beauty products designed to offer accessible pricing and broad consumer appeal.

The company's principal brand is e.l.f. Cosmetics, which offers products such as complexion makeup, eye cosmetics, lip products, brushes and skin-care items.

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