Congress Asset Management Co. Raises Stock Holdings in e.l.f. Beauty $ELF

Congress Asset Management Co. increased its stake in shares of e.l.f. Beauty (NYSE:ELF) by 4.0% in the 4th quarter, Holdings Channel reports. The firm owned 370,936 shares of the company’s stock after buying an additional 14,387 shares during the period. Congress Asset Management Co.’s holdings in e.l.f. Beauty were worth $28,206,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its holdings in shares of e.l.f. Beauty by 9.9% during the 1st quarter. Royal Bank of Canada now owns 153,682 shares of the company’s stock valued at $9,650,000 after buying an additional 13,851 shares during the period. Integrated Wealth Concepts LLC increased its position in e.l.f. Beauty by 168.6% during the first quarter. Integrated Wealth Concepts LLC now owns 6,483 shares of the company’s stock valued at $407,000 after acquiring an additional 4,069 shares during the last quarter. NewEdge Advisors LLC increased its position in e.l.f. Beauty by 176.4% during the first quarter. NewEdge Advisors LLC now owns 4,677 shares of the company’s stock valued at $294,000 after acquiring an additional 2,985 shares during the last quarter. United Services Automobile Association bought a new position in e.l.f. Beauty in the first quarter valued at about $240,000. Finally, MAI Capital Management lifted its holdings in e.l.f. Beauty by 129.1% in the second quarter. MAI Capital Management now owns 394 shares of the company’s stock valued at $49,000 after acquiring an additional 222 shares during the period. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Stock Down 6.1%

Shares of ELF stock opened at $67.50 on Wednesday. The stock has a market cap of $3.99 billion, a P/E ratio of 38.14, a PEG ratio of 6.04 and a beta of 1.68. e.l.f. Beauty has a 52 week low of $49.40 and a 52 week high of $150.99. The company has a quick ratio of 1.89, a current ratio of 2.76 and a debt-to-equity ratio of 0.70. The company’s fifty day simple moving average is $83.03 and its two-hundred day simple moving average is $96.32.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.52. The business had revenue of $489.51 million for the quarter, compared to analysts’ expectations of $461.78 million. e.l.f. Beauty had a return on equity of 15.08% and a net margin of 6.84%.The company’s revenue for the quarter was up 37.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.74 EPS. e.l.f. Beauty has set its FY 2026 guidance at 3.050-3.100 EPS. Analysts predict that e.l.f. Beauty will post 2.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ELF has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $92.00 price objective on shares of e.l.f. Beauty in a research note on Thursday, January 29th. TD Cowen cut their target price on shares of e.l.f. Beauty from $110.00 to $100.00 and set a “buy” rating for the company in a research report on Monday, February 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of e.l.f. Beauty in a report on Wednesday, January 21st. Robert W. Baird set a $115.00 price target on shares of e.l.f. Beauty in a research report on Thursday, February 5th. Finally, Wall Street Zen upgraded shares of e.l.f. Beauty from a “sell” rating to a “hold” rating in a research note on Saturday, January 24th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five 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 a consensus price target of $122.07.

About e.l.f. Beauty

e.l.f. Beauty (NYSE: ELF) is an American cosmetics company known for offering an extensive range of affordable, trend-driven makeup and skincare products. The company’s portfolio spans foundations, lipsticks, mascaras, brushes, serums, masks and other beauty essentials, all positioned at accessible price points. e.l.f. Beauty maintains a direct-to-consumer platform through its e-commerce site and engages in widespread retail partnerships with major chains such as Target, Walmart, Ulta Beauty and Amazon.

Founded in 2004 and headquartered in Oakland, California, e.l.f.