Hilton Capital Management LLC Sells 3,612 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Hilton Capital Management LLC trimmed its stake in e.l.f. Beauty, Inc. (NYSE:ELF) by 32.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Picton Mahoney Asset Management grew its holdings in shares of e.l.f. Beauty by 3.2% in the 2nd quarter. Picton Mahoney Asset Management now owns 2,430 shares of the company’s stock worth $512,000 after purchasing an additional 75 shares during the last quarter. Hanseatic Management Services Inc. grew its stake in e.l.f. Beauty by 1.7% during the second quarter. Hanseatic Management Services Inc. now owns 4,507 shares of the company’s stock worth $950,000 after buying an additional 77 shares during the last quarter. Portside Wealth Group LLC increased its holdings in shares of e.l.f. Beauty by 3.2% during the second quarter. Portside Wealth Group LLC now owns 2,982 shares of the company’s stock worth $628,000 after buying an additional 93 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of e.l.f. Beauty by 27.8% in the second quarter. GAMMA Investing LLC now owns 451 shares of the company’s stock valued at $95,000 after acquiring an additional 98 shares during the last quarter. Finally, Evergreen Capital Management LLC boosted its holdings in shares of e.l.f. Beauty by 2.1% in the 2nd quarter. Evergreen Capital Management LLC now owns 4,777 shares of the company’s stock worth $1,007,000 after acquiring an additional 99 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

e.l.f. Beauty Price Performance

Shares of NYSE ELF opened at $119.05 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01. The business has a 50-day moving average of $111.79 and a 200-day moving average of $153.53. The stock has a market capitalization of $6.71 billion, a price-to-earnings ratio of 64.35, a PEG ratio of 2.66 and a beta of 1.44. e.l.f. Beauty, Inc. has a fifty-two week low of $98.50 and a fifty-two week high of $221.83.

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

Analysts Set New Price Targets

Several brokerages have issued reports on ELF. Canaccord Genuity Group cut their price objective on e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Morgan Stanley reduced their price target on shares of e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating on the stock in a research report on Monday, September 30th. UBS Group reduced their target price on shares of e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. TD Cowen lowered their target price on e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, September 12th. Finally, Truist Financial dropped their price objective on e.l.f. Beauty from $210.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $173.53.

Insider Buying and Selling

In related news, CEO Tarang Amin sold 23,528 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 106,016 shares in the company, valued at approximately $14,465,883.20. This trade represents a 18.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.50% of the stock is owned by corporate insiders.

About e.l.f. Beauty

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.