e.l.f. Beauty, Inc. (NYSE:ELF) Holdings Trimmed by Peregrine Capital Management LLC

Peregrine Capital Management LLC decreased its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 23.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 121,945 shares of the company's stock after selling 37,386 shares during the quarter. Peregrine Capital Management LLC owned about 0.22% of e.l.f. Beauty worth $17,602,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC increased its stake in e.l.f. Beauty by 641.2% during the third quarter. FMR LLC now owns 832,404 shares of the company's stock worth $91,423,000 after acquiring an additional 720,098 shares during the last quarter. First Dallas Securities Inc. purchased a new position in shares of e.l.f. Beauty during the third quarter worth $3,569,000. State of Alaska Department of Revenue boosted its position in shares of e.l.f. Beauty by 0.3% during the fourth quarter. State of Alaska Department of Revenue now owns 33,993 shares of the company's stock worth $4,906,000 after buying an additional 85 shares during the period. William Blair Investment Management LLC boosted its position in shares of e.l.f. Beauty by 58.2% during the third quarter. William Blair Investment Management LLC now owns 1,424,268 shares of the company's stock worth $156,427,000 after buying an additional 523,903 shares during the period. Finally, QRG Capital Management Inc. purchased a new position in shares of e.l.f. Beauty during the third quarter worth $301,000. Institutional investors and hedge funds own 92.44% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on ELF shares. Raymond James raised their price target on e.l.f. Beauty from $140.00 to $180.00 and gave the stock a "strong-buy" rating in a research report on Monday, January 22nd. Bank of America lifted their target price on e.l.f. Beauty from $200.00 to $230.00 and gave the company a "buy" rating in a report on Wednesday, March 6th. Robert W. Baird assumed coverage on e.l.f. Beauty in a report on Tuesday, January 30th. They issued a "neutral" rating and a $185.00 target price for the company. Morgan Stanley lifted their target price on e.l.f. Beauty from $168.00 to $184.00 and gave the company an "equal weight" rating in a report on Wednesday, February 7th. Finally, Truist Financial lifted their target price on e.l.f. Beauty from $150.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $186.83.

e.l.f. Beauty Stock Performance

Shares of ELF traded up $4.70 during midday trading on Tuesday, reaching $170.36. 1,948,973 shares of the stock were exchanged, compared to its average volume of 1,556,932. The business's 50-day moving average price is $186.66 and its 200 day moving average price is $145.89. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.50 and a quick ratio of 0.83. e.l.f. Beauty, Inc. has a twelve month low of $81.01 and a twelve month high of $221.83. The company has a market capitalization of $9.46 billion, a price-to-earnings ratio of 73.44, a PEG ratio of 1.50 and a beta of 1.57.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted its earnings results on Tuesday, February 6th. The company reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.11. e.l.f. Beauty had a return on equity of 28.98% and a net margin of 14.53%. The business had revenue of $270.94 million for the quarter, compared to analysts' expectations of $239.66 million. On average, sell-side analysts expect that e.l.f. Beauty, Inc. will post 2.49 EPS for the current fiscal year.

Insider Transactions at e.l.f. Beauty

In related news, CEO Tarang Amin sold 23,519 shares of the business's stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $198.89, for a total value of $4,677,693.91. Following the transaction, the chief executive officer now owns 10,889 shares in the company, valued at approximately $2,165,713.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.20% of the company's stock.

e.l.f. Beauty Profile

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.