18,485 Shares in e.l.f. Beauty $ELF Acquired by Peregrine Asset Advisers Inc.

Peregrine Asset Advisers Inc. bought a new stake in e.l.f. Beauty (NYSE:ELF) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 18,485 shares of the company’s stock, valued at approximately $2,449,000.

Several other hedge funds have also recently added to or reduced their stakes in ELF. Mackenzie Financial Corp grew its stake in shares of e.l.f. Beauty by 11.0% in the second quarter. Mackenzie Financial Corp now owns 957,941 shares of the company’s stock worth $119,206,000 after purchasing an additional 95,270 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of e.l.f. Beauty during the second quarter valued at about $118,058,000. Voya Investment Management LLC lifted its holdings in e.l.f. Beauty by 60.7% in the third quarter. Voya Investment Management LLC now owns 692,304 shares of the company’s stock worth $91,561,000 after purchasing an additional 261,489 shares during the period. Bank of America Corp DE lifted its holdings in e.l.f. Beauty by 22.7% in the second quarter. Bank of America Corp DE now owns 567,582 shares of the company’s stock worth $70,630,000 after purchasing an additional 105,031 shares during the period. Finally, Atreides Management LP bought a new position in e.l.f. Beauty in the 2nd quarter valued at about $61,479,000. Institutional investors own 92.44% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on ELF shares. JPMorgan Chase & Co. dropped their price target on shares of e.l.f. Beauty from $137.00 to $103.00 and set an “overweight” rating on the stock in a research report on Thursday, December 18th. Jefferies Financial Group initiated coverage on shares of e.l.f. Beauty in a research note on Wednesday, January 14th. They set a “buy” rating and a $110.00 price objective on the stock. Zacks Research upgraded e.l.f. Beauty from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $92.00 price target on shares of e.l.f. Beauty in a research note on Thursday, January 29th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of e.l.f. Beauty in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $119.69.

e.l.f. Beauty Trading Down 1.5%

e.l.f. Beauty stock opened at $84.82 on Wednesday. The firm has a market cap of $5.06 billion, a price-to-earnings ratio of 59.73, a price-to-earnings-growth ratio of 8.08 and a beta of 1.71. e.l.f. Beauty has a 1 year low of $49.40 and a 1 year high of $150.99. The firm’s 50 day moving average price is $81.95 and its two-hundred day moving average price is $105.79. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.76 and a current ratio of 2.70.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.11. The business had revenue of $343.94 million during the quarter, compared to analyst estimates of $367.89 million. e.l.f. Beauty had a return on equity of 13.77% and a net margin of 5.90%.The company’s revenue was up 14.2% compared to the same quarter last year. During the same period last year, the company posted $0.77 EPS. On average, research analysts predict that e.l.f. Beauty will post 2.38 EPS for the current fiscal year.

e.l.f. Beauty Profile

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.