Congress Wealth Management LLC DE Grows Stock Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Congress Wealth Management LLC DE raised its stake in e.l.f. Beauty, Inc. (NYSE:ELF) by 4.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 88,459 shares of the company’s stock after buying an additional 4,050 shares during the period. Congress Wealth Management LLC DE owned approximately 0.16% of e.l.f. Beauty worth $11,106,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of ELF. Wilmington Savings Fund Society FSB purchased a new position in e.l.f. Beauty in the 3rd quarter valued at approximately $25,000. Promus Capital LLC acquired a new stake in e.l.f. Beauty in the fourth quarter valued at $31,000. Kestra Investment Management LLC purchased a new position in shares of e.l.f. Beauty in the fourth quarter valued at $32,000. Financial Life Planners acquired a new position in shares of e.l.f. Beauty during the 4th quarter worth $46,000. Finally, First Horizon Advisors Inc. boosted its position in shares of e.l.f. Beauty by 70.4% in the 3rd quarter. First Horizon Advisors Inc. now owns 559 shares of the company’s stock worth $61,000 after buying an additional 231 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

e.l.f. Beauty Price Performance

e.l.f. Beauty stock opened at $64.91 on Tuesday. e.l.f. Beauty, Inc. has a 1 year low of $60.35 and a 1 year high of $219.77. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90. The firm has a 50 day moving average price of $84.37 and a 200 day moving average price of $107.18. The company has a market cap of $3.66 billion, a price-to-earnings ratio of 38.41, a PEG ratio of 6.76 and a beta of 1.60.

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

Insider Transactions at e.l.f. Beauty

In related news, Director Maureen C. Watson sold 4,000 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $67.39, for a total transaction of $269,560.00. Following the completion of the sale, the director now owns 1,888 shares of the company’s stock, valued at approximately $127,232.32. This represents a 67.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.50% of the company’s stock.

Analyst Upgrades and Downgrades

ELF has been the subject of a number of research reports. Stifel Nicolaus cut their target price on shares of e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating for the company in a research report on Monday, February 3rd. Morgan Stanley restated an “equal weight” rating and set a $70.00 price objective (down from $153.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. B. Riley reiterated a “buy” rating and set a $90.00 target price (down previously from $150.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. DA Davidson cut their price target on e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating for the company in a report on Monday, March 17th. Finally, Piper Sandler decreased their price objective on 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. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $132.65.

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.