Peregrine Asset Advisers Inc. Has $1.13 Million Stock Holdings in e.l.f. Beauty $ELF

Peregrine Asset Advisers Inc. decreased its position in shares of e.l.f. Beauty (NYSE:ELF) by 47.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,616 shares of the company’s stock after selling 16,753 shares during the period. Peregrine Asset Advisers Inc.’s holdings in e.l.f. Beauty were worth $1,128,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Strs Ohio grew its stake in shares of e.l.f. Beauty by 162.4% in the first quarter. Strs Ohio now owns 19,185 shares of the company’s stock valued at $1,163,000 after acquiring an additional 11,873 shares in the last quarter. USS Investment Management Ltd acquired a new stake in e.l.f. Beauty in the 1st quarter worth about $9,786,000. AMI Asset Management Corp raised its stake in e.l.f. Beauty by 45.9% in the 1st quarter. AMI Asset Management Corp now owns 11,353 shares of the company’s stock worth $688,000 after purchasing an additional 3,572 shares in the last quarter. North Star Investment Management Corp. bought a new stake in e.l.f. Beauty in the 1st quarter valued at about $88,000. Finally, Pictet Asset Management Holding SA boosted its holdings in e.l.f. Beauty by 7.5% in the 1st quarter. Pictet Asset Management Holding SA now owns 9,177 shares of the company’s stock valued at $556,000 after purchasing an additional 643 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

e.l.f. Beauty Price Performance

ELF stock opened at $76.23 on Friday. The company has a quick ratio of 1.69, a current ratio of 2.35 and a debt-to-equity ratio of 0.72. e.l.f. Beauty has a 12 month low of $48.82 and a 12 month high of $150.99. The firm has a market cap of $4.53 billion, a P/E ratio of 165.73, a P/E/G ratio of 3.06 and a beta of 1.59. The company’s 50-day moving average price is $60.06 and its two-hundred day moving average price is $71.91.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Wednesday, May 20th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. The company had revenue of $449.29 million during the quarter, compared to the consensus estimate of $423.06 million. e.l.f. Beauty had a net margin of 1.61% and a return on equity of 11.02%. The firm’s quarterly revenue was up 35.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.78 EPS. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. On average, analysts anticipate that e.l.f. Beauty will post 2.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ELF has been the topic of a number of analyst reports. Citigroup decreased their target price on shares of e.l.f. Beauty from $115.00 to $87.00 and set a “buy” rating on the stock in a research report on Wednesday, April 15th. Raymond James Financial reiterated a “strong-buy” rating and issued a $85.00 price target on shares of e.l.f. Beauty in a research note on Thursday, May 21st. Sanford C. Bernstein started coverage on e.l.f. Beauty in a research report on Thursday, June 11th. They set a “market perform” rating and a $60.00 price target on the stock. Evercore started coverage on e.l.f. Beauty in a research note on Thursday, April 2nd. They set an “inline” rating and a $68.00 price objective on the stock. Finally, Piper Sandler reaffirmed a “neutral” rating on shares of e.l.f. Beauty in a report on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, e.l.f. Beauty has an average rating of “Moderate Buy” and a consensus price target of $78.31.

Insider Activity

In other news, CEO Tarang Amin sold 50,164 shares of the business’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $78.24, for a total transaction of $3,924,831.36. Following the completion of the transaction, the chief executive officer owned 110,496 shares of the company’s stock, valued at approximately $8,645,207.04. The trade was a 31.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Joshua Allen Franks sold 3,505 shares of the company’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $51.53, for a total value of $180,612.65. Following the sale, the senior vice president owned 150,027 shares of the company’s stock, valued at approximately $7,730,891.31. This represents a 2.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 278,988 shares of company stock valued at $18,354,580. Corporate insiders own 3.90% of the company’s stock.

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.