Congress Asset Management Co. Purchases 327,980 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Congress Asset Management Co. boosted its position in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 53.7% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 938,970 shares of the company's stock after acquiring an additional 327,980 shares during the period. Congress Asset Management Co. owned 1.66% of e.l.f. Beauty worth $58,958,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Truist Financial Corp increased its stake in shares of e.l.f. Beauty by 1.3% in the fourth quarter. Truist Financial Corp now owns 7,885 shares of the company's stock worth $990,000 after purchasing an additional 102 shares in the last quarter. Arizona State Retirement System grew its stake in e.l.f. Beauty by 0.8% in the 4th quarter. Arizona State Retirement System now owns 16,365 shares of the company's stock valued at $2,055,000 after buying an additional 128 shares in the last quarter. Treasurer of the State of North Carolina grew its stake in e.l.f. Beauty by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 23,630 shares of the company's stock valued at $2,967,000 after buying an additional 140 shares in the last quarter. Atria Wealth Solutions Inc. raised its holdings in e.l.f. Beauty by 7.7% during the 4th quarter. Atria Wealth Solutions Inc. now owns 2,089 shares of the company's stock valued at $262,000 after acquiring an additional 150 shares during the period. Finally, Horizon Investments LLC lifted its position in shares of e.l.f. Beauty by 29.0% during the fourth quarter. Horizon Investments LLC now owns 742 shares of the company's stock worth $93,000 after acquiring an additional 167 shares in the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at e.l.f. Beauty

In other news, insider Scott Milsten sold 1,442 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $114.78, for a total transaction of $165,512.76. Following the completion of the sale, the insider now owns 117,394 shares of the company's stock, valued at approximately $13,474,483.32. This represents a 1.21% 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, CEO Tarang Amin sold 97,915 shares of the company's stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $53.36, for a total transaction of $5,224,744.40. Following the transaction, the chief executive officer now directly owns 181,289 shares of the company's stock, valued at approximately $9,673,581.04. This trade represents a 35.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 327,207 shares of company stock worth $25,252,926. 3.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

ELF has been the subject of several recent research reports. The Goldman Sachs Group reduced their price target on e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating for the company in a research report on Friday, February 21st. UBS Group lifted their target price on e.l.f. Beauty from $59.00 to $84.00 and gave the company a "neutral" rating in a report on Wednesday, May 21st. Bank of America increased their price target on shares of e.l.f. Beauty from $80.00 to $95.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Robert W. Baird raised their price objective on shares of e.l.f. Beauty from $110.00 to $145.00 and gave the company an "outperform" rating in a research report on Friday. Finally, Jefferies Financial Group set a $115.00 price objective on shares of e.l.f. Beauty and gave the company a "buy" rating in a research note on Thursday, May 29th. 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 has a consensus rating of "Moderate Buy" and a consensus target price of $120.71.

e.l.f. Beauty Price Performance

NYSE ELF traded up $1.42 during trading hours on Tuesday, reaching $117.93. 2,093,229 shares of the stock traded hands, compared to its average volume of 2,527,909. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.17. The stock has a 50 day simple moving average of $74.61 and a two-hundred day simple moving average of $91.36. e.l.f. Beauty, Inc. has a 1 year low of $49.40 and a 1 year high of $219.77. The company has a market cap of $6.64 billion, a price-to-earnings ratio of 69.78, a price-to-earnings-growth ratio of 6.76 and a beta of 1.52.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The company reported $0.78 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.06. The company had revenue of $332.65 million for the quarter, compared to analysts' expectations of $327.45 million. e.l.f. Beauty had a return on equity of 16.88% and a net margin of 7.55%. e.l.f. Beauty's revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period last year, the firm posted $0.53 EPS. On average, 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.