Landscape Capital Management L.L.C. Reduces Stock Position in e.l.f. Beauty Inc (NYSE:ELF)

Landscape Capital Management L.L.C. lowered its holdings in shares of e.l.f. Beauty Inc (NYSE:ELF) by 48.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 331,349 shares of the company’s stock after selling 306,917 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in e.l.f. Beauty were worth $4,672,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Champlain Investment Partners LLC lifted its holdings in shares of e.l.f. Beauty by 2.3% in the 1st quarter. Champlain Investment Partners LLC now owns 3,505,480 shares of the company’s stock worth $37,158,000 after buying an additional 79,905 shares during the period. BlackRock Inc. lifted its holdings in shares of e.l.f. Beauty by 2.1% in the 4th quarter. BlackRock Inc. now owns 1,536,370 shares of the company’s stock worth $13,304,000 after buying an additional 31,569 shares during the period. Sapience Investments LLC lifted its holdings in shares of e.l.f. Beauty by 88.9% in the 1st quarter. Sapience Investments LLC now owns 1,058,184 shares of the company’s stock worth $11,217,000 after buying an additional 497,874 shares during the period. Federated Investors Inc. PA lifted its holdings in shares of e.l.f. Beauty by 8.3% in the 1st quarter. Federated Investors Inc. PA now owns 591,862 shares of the company’s stock worth $6,274,000 after buying an additional 45,357 shares during the period. Finally, Nordea Investment Management AB lifted its holdings in shares of e.l.f. Beauty by 2.8% in the 1st quarter. Nordea Investment Management AB now owns 367,992 shares of the company’s stock worth $3,901,000 after buying an additional 9,919 shares during the period. Institutional investors own 82.37% of the company’s stock.

In related news, insider Scott Milsten sold 3,700 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $12.02, for a total transaction of $44,474.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Tpg Growth Ii Advisors, Inc. sold 3,000,000 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $10.75, for a total value of $32,250,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 3,159,412 shares of company stock worth $34,749,583 over the last ninety days. 17.10% of the stock is currently owned by corporate insiders.



Several equities research analysts have weighed in on ELF shares. Piper Jaffray Companies upgraded e.l.f. Beauty from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $8.00 to $16.00 in a report on Thursday, August 8th. SunTrust Banks upped their price objective on e.l.f. Beauty to $20.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. JPMorgan Chase & Co. upgraded e.l.f. Beauty from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $11.00 to $17.00 in a research note on Tuesday, July 9th. Jefferies Financial Group upped their price objective on e.l.f. Beauty from $14.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Finally, DA Davidson upped their price objective on e.l.f. Beauty to $19.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. e.l.f. Beauty presently has a consensus rating of “Hold” and an average target price of $14.45.

Shares of NYSE ELF traded down $0.02 during mid-day trading on Thursday, reaching $16.41. 9,020 shares of the company were exchanged, compared to its average volume of 609,008. The company has a current ratio of 3.30, a quick ratio of 2.22 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $830.29 million, a PE ratio of 37.30, a price-to-earnings-growth ratio of 22.83 and a beta of 2.39. e.l.f. Beauty Inc has a 1 year low of $6.70 and a 1 year high of $18.61. The business has a 50-day simple moving average of $16.01.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Wednesday, August 7th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.07. e.l.f. Beauty had a positive return on equity of 9.12% and a negative net margin of 0.23%. The company had revenue of $59.80 million for the quarter, compared to analyst estimates of $54.93 million. During the same period in the prior year, the company posted $0.13 EPS. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. Analysts anticipate that e.l.f. Beauty Inc will post 0.19 earnings per share for the current year.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc, a beauty company, provides cosmetic and skin care products under the e.l.f. brand name worldwide. The company offers eye, lip, face, and skin care products, as well as kits and tools. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce and e.l.f.

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Institutional Ownership by Quarter for e.l.f. Beauty (NYSE:ELF)

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