Hilton Capital Management LLC Has $811,000 Stock Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Hilton Capital Management LLC reduced its stake in e.l.f. Beauty, Inc. (NYSE:ELF) by 32.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 7,436 shares of the company’s stock after selling 3,612 shares during the period. Hilton Capital Management LLC’s holdings in e.l.f. Beauty were worth $811,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Canada Pension Plan Investment Board acquired a new position in e.l.f. Beauty in the 2nd quarter valued at about $6,659,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of e.l.f. Beauty by 1,380.4% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 16,284 shares of the company’s stock worth $1,775,000 after acquiring an additional 15,184 shares during the period. Cetera Investment Advisers grew its position in shares of e.l.f. Beauty by 33.8% in the second quarter. Cetera Investment Advisers now owns 39,319 shares of the company’s stock valued at $8,285,000 after purchasing an additional 9,939 shares during the last quarter. Clearbridge Investments LLC increased its stake in shares of e.l.f. Beauty by 84.4% during the second quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock worth $265,432,000 after purchasing an additional 576,383 shares during the period. Finally, Congress Asset Management Co. increased its stake in shares of e.l.f. Beauty by 14.2% during the third quarter. Congress Asset Management Co. now owns 503,577 shares of the company’s stock worth $54,905,000 after purchasing an additional 62,480 shares during the period. 92.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on ELF. Piper Sandler restated an “overweight” rating and issued a $165.00 price target (up from $162.00) on shares of e.l.f. Beauty in a research note on Thursday, November 7th. Truist Financial reduced their target price on shares of e.l.f. Beauty from $210.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Bank of America lowered their price target on shares of e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. TD Cowen cut their price objective on shares of e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, September 12th. Finally, DA Davidson decreased their target price on shares of e.l.f. Beauty from $223.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, e.l.f. Beauty presently has an average rating of “Moderate Buy” and a consensus price target of $173.53.

Insider Activity

In related news, CEO Tarang Amin sold 23,528 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $136.45, for a total value of $3,210,395.60. Following the sale, the chief executive officer now owns 106,016 shares of the company’s stock, valued at $14,465,883.20. The trade was a 18.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.50% of the stock is currently owned by insiders.

e.l.f. Beauty Stock Down 2.2 %

Shares of NYSE ELF opened at $119.05 on Thursday. The company has a market cap of $6.71 billion, a price-to-earnings ratio of 64.35, a PEG ratio of 2.66 and a beta of 1.44. The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. e.l.f. Beauty, Inc. has a 12 month low of $98.50 and a 12 month high of $221.83. The stock has a 50-day moving average price of $111.79 and a two-hundred day moving average price of $153.53.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.34. The company had revenue of $301.10 million during the quarter, compared to analysts’ expectations of $289.43 million. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. e.l.f. Beauty’s revenue was up 39.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.66 EPS. As a group, analysts forecast that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current fiscal year.

e.l.f. Beauty Company 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.