Peregrine Capital Management LLC Buys 15,362 Shares of e.l.f. Beauty (NYSE:ELF)

Peregrine Capital Management LLC boosted its position in e.l.f. Beauty (NYSE:ELF - Free Report) by 25.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 75,279 shares of the company's stock after purchasing an additional 15,362 shares during the quarter. Peregrine Capital Management LLC owned approximately 0.13% of e.l.f. Beauty worth $4,727,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in ELF. Nemes Rush Group LLC bought a new position in e.l.f. Beauty in the fourth quarter worth $27,000. Orion Capital Management LLC purchased a new position in e.l.f. Beauty during the fourth quarter valued at $30,000. Promus Capital LLC purchased a new position in e.l.f. Beauty during the fourth quarter valued at $31,000. Golden State Wealth Management LLC purchased a new position in e.l.f. Beauty during the first quarter valued at $33,000. Finally, Horizon Investments LLC raised its stake in e.l.f. Beauty by 29.0% during the fourth quarter. Horizon Investments LLC now owns 742 shares of the company's stock valued at $93,000 after buying an additional 167 shares during the last quarter. Institutional investors own 92.44% of the company's stock.

Wall Street Analyst Weigh In

ELF has been the subject of a number of recent research reports. Canaccord Genuity Group set a $114.00 price objective on e.l.f. Beauty in a research note on Thursday, May 29th. Piper Sandler reiterated an "overweight" rating and set a $109.00 price objective (up previously from $81.00) on shares of e.l.f. Beauty in a research note on Thursday, May 29th. Morgan Stanley lifted their price objective on e.l.f. Beauty from $70.00 to $105.00 and gave the company an "equal weight" rating in a research note on Thursday, May 29th. Bank of America lifted their price objective on e.l.f. Beauty from $113.00 to $135.00 and gave the company a "buy" rating in a research note on Friday, June 20th. Finally, Truist Financial lifted their price objective on e.l.f. Beauty from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Friday, June 6th. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, e.l.f. Beauty has an average rating of "Moderate Buy" and an average price target of $118.88.

e.l.f. Beauty Stock Performance

NYSE:ELF traded up $1.27 on Friday, hitting $130.75. The stock had a trading volume of 789,367 shares, compared to its average volume of 2,545,871. The stock has a market cap of $7.37 billion, a price-to-earnings ratio of 67.75, a price-to-earnings-growth ratio of 3.10 and a beta of 1.52. The company has a quick ratio of 2.00, a current ratio of 3.05 and a debt-to-equity ratio of 0.34. The business's 50-day simple moving average is $100.24 and its two-hundred day simple moving average is $90.67. e.l.f. Beauty has a 52-week low of $49.40 and a 52-week high of $219.77.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.06. The business had revenue of $332.65 million during the quarter, compared to the consensus estimate of $327.45 million. e.l.f. Beauty had a return on equity of 17.98% and a net margin of 8.53%. The business's quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.53 EPS. As a group, research analysts predict that e.l.f. Beauty will post 2.38 earnings per share for the current year.

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

In other e.l.f. Beauty news, insider Mandy J. Fields sold 1,487 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $117.61, for a total transaction of $174,886.07. Following the completion of the sale, the insider directly owned 119,846 shares in the company, valued at $14,095,088.06. The trade was a 1.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Kory Marchisotto sold 1,496 shares of the business's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $117.61, for a total value of $175,944.56. Following the sale, the insider owned 158,303 shares of the company's stock, valued at approximately $18,618,015.83. This represents a 0.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 327,207 shares of company stock worth $25,252,926. 3.50% of the stock is owned by corporate insiders.

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.