Congress Asset Management Co. Buys 12,339 Shares of e.l.f. Beauty $ELF

Key Points

• Congress Asset Management Co. has increased its stake in e.l.f. Beauty by 1.3%, reaching a total of 951,309 shares valued at approximately $118.38 million.
• Insiders sold a total of 184,745 shares of e.l.f. Beauty in the last quarter, indicating a significant decrease in their holdings.
• e.l.f. Beauty's stock has received positive ratings from multiple analysts, with a consensus target price of $133.40 and a rating of "Moderate Buy."

Congress Asset Management Co. raised its position in e.l.f. Beauty (NYSE:ELF - Free Report) by 1.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 951,309 shares of the company's stock after purchasing an additional 12,339 shares during the period. Congress Asset Management Co. owned 1.68% of e.l.f. Beauty worth $118,381,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of ELF. Golden State Wealth Management LLC bought a new stake in shares of e.l.f. Beauty during the 1st quarter valued at about $33,000. Parallel Advisors LLC lifted its stake in e.l.f. Beauty by 167.9% in the second quarter. Parallel Advisors LLC now owns 627 shares of the company's stock valued at $78,000 after buying an additional 393 shares during the period. Larson Financial Group LLC boosted its holdings in shares of e.l.f. Beauty by 56.5% during the 1st quarter. Larson Financial Group LLC now owns 676 shares of the company's stock worth $42,000 after buying an additional 244 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of e.l.f. Beauty by 577.7% during the 1st quarter. Smartleaf Asset Management LLC now owns 759 shares of the company's stock worth $49,000 after buying an additional 647 shares in the last quarter. Finally, Signaturefd LLC grew its position in shares of e.l.f. Beauty by 27.9% during the 1st quarter. Signaturefd LLC now owns 858 shares of the company's stock worth $54,000 after buying an additional 187 shares during the period. 92.44% of the stock is currently owned by institutional investors and hedge funds.

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

In other news, Director Lauren Cooks Levitan sold 4,630 shares of the company's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $118.94, for a total value of $550,692.20. Following the completion of the sale, the director owned 11,507 shares in the company, valued at $1,368,642.58. This represents a 28.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Scott Milsten sold 55,581 shares of the stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $134.56, for a total transaction of $7,478,979.36. Following the completion of the sale, the insider owned 112,406 shares of the company's stock, valued at approximately $15,125,351.36. This represents a 33.09% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 184,745 shares of company stock worth $25,613,238. 3.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

ELF has been the topic of a number of research reports. The Goldman Sachs Group boosted their target price on shares of e.l.f. Beauty from $120.00 to $137.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. Canaccord Genuity Group set a $165.00 price objective on shares of e.l.f. Beauty in a report on Tuesday, September 9th. JPMorgan Chase & Co. cut their price objective on shares of e.l.f. Beauty from $132.00 to $130.00 and set an "overweight" rating on the stock in a research report on Thursday, August 7th. Bank of America boosted their target price on e.l.f. Beauty from $135.00 to $160.00 and gave the company a "buy" rating in a research report on Wednesday, September 17th. Finally, B. Riley upped their price target on e.l.f. Beauty from $150.00 to $160.00 and gave the stock a "buy" rating in a research note on Wednesday, September 10th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $133.40.

e.l.f. Beauty Price Performance

Shares of NYSE ELF opened at $130.64 on Friday. The stock has a market cap of $7.75 billion, a price-to-earnings ratio of 76.85, a PEG ratio of 2.99 and a beta of 1.59. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.34 and a current ratio of 3.26. e.l.f. Beauty has a fifty-two week low of $49.40 and a fifty-two week high of $150.99. The firm's 50-day simple moving average is $124.53 and its 200 day simple moving average is $99.27.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.84 by $0.05. e.l.f. Beauty had a return on equity of 16.36% and a net margin of 7.29%.The firm had revenue of $353.74 million during the quarter, compared to the consensus estimate of $348.99 million. During the same period in the prior year, the business posted $1.10 earnings per share. The company's quarterly revenue was up 9.0% compared to the same quarter last year. As a group, research analysts anticipate that e.l.f. Beauty will post 2.38 earnings per share for the current fiscal 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.

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