Peregrine Capital Management LLC Reduces Stock Position in e.l.f. Beauty $ELF

Peregrine Capital Management LLC cut its stake in shares of e.l.f. Beauty (NYSE:ELF) by 9.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 64,859 shares of the company’s stock after selling 6,914 shares during the quarter. Peregrine Capital Management LLC’s holdings in e.l.f. Beauty were worth $8,593,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC lifted its position in shares of e.l.f. Beauty by 146.9% in the 3rd quarter. SG Americas Securities LLC now owns 7,508 shares of the company’s stock worth $995,000 after purchasing an additional 4,467 shares during the period. Tran Capital Management L.P. bought a new position in e.l.f. Beauty in the third quarter worth approximately $7,436,000. HB Wealth Management LLC lifted its holdings in e.l.f. Beauty by 4.3% during the third quarter. HB Wealth Management LLC now owns 3,133 shares of the company’s stock worth $415,000 after buying an additional 129 shares during the period. Securian Asset Management Inc. boosted its position in e.l.f. Beauty by 2.7% during the 3rd quarter. Securian Asset Management Inc. now owns 4,442 shares of the company’s stock valued at $588,000 after acquiring an additional 115 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its holdings in shares of e.l.f. Beauty by 3.8% in the 3rd quarter. Louisiana State Employees Retirement System now owns 16,500 shares of the company’s stock valued at $2,186,000 after acquiring an additional 600 shares during the period. 92.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ELF shares. Wall Street Zen upgraded e.l.f. Beauty from a “sell” rating to a “hold” rating in a research note on Wednesday. Raymond James Financial boosted their target price on shares of e.l.f. Beauty from $155.00 to $165.00 and gave the stock a “strong-buy” rating in a report on Monday, October 20th. Piper Sandler cut their price objective on shares of e.l.f. Beauty from $100.00 to $85.00 and set a “neutral” rating on the stock in a research report on Monday, December 22nd. Cowen reiterated a “buy” rating on shares of e.l.f. Beauty in a research note on Wednesday, November 12th. Finally, Morgan Stanley set a $121.00 target price on shares of e.l.f. Beauty in a research note on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $123.53.

e.l.f. Beauty Trading Up 4.8%

NYSE ELF opened at $86.08 on Friday. e.l.f. Beauty has a 12-month low of $49.40 and a 12-month high of $150.99. The company has a fifty day simple moving average of $80.42 and a two-hundred day simple moving average of $109.95. The company has a current ratio of 2.70, a quick ratio of 1.76 and a debt-to-equity ratio of 0.73. The stock has a market cap of $5.13 billion, a P/E ratio of 60.62, a P/E/G ratio of 7.81 and a beta of 1.73.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Wednesday, November 5th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.11. The firm had revenue of $343.94 million for the quarter, compared to the consensus estimate of $367.89 million. e.l.f. Beauty had a return on equity of 13.77% and a net margin of 5.90%.The firm’s revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.77 EPS. e.l.f. Beauty has set its FY 2026 guidance at 2.800-2.850 EPS. On average, analysts forecast that e.l.f. Beauty will post 2.38 earnings per share for the current 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.