Landscape Capital Management L.L.C. Sells 65,568 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Landscape Capital Management L.L.C. trimmed its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 72.2% during the 3rd quarter, Holdings Channel reports. The firm owned 25,272 shares of the company’s stock after selling 65,568 shares during the period. Landscape Capital Management L.L.C.’s holdings in e.l.f. Beauty were worth $2,755,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC purchased a new stake in e.l.f. Beauty in the 2nd quarter worth $26,000. Matrix Trust Co bought a new position in shares of e.l.f. Beauty in the second quarter worth about $27,000. Innealta Capital LLC purchased a new stake in shares of e.l.f. Beauty during the second quarter worth about $30,000. Whittier Trust Co. of Nevada Inc. raised its stake in e.l.f. Beauty by 405.9% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock valued at $36,000 after purchasing an additional 138 shares during the period. Finally, Crewe Advisors LLC raised its stake in e.l.f. Beauty by 456.3% during the 2nd quarter. Crewe Advisors LLC now owns 178 shares of the company’s stock valued at $38,000 after purchasing an additional 146 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Insider Activity

In other news, CEO Tarang Amin sold 23,528 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $136.45, for a total transaction of $3,210,395.60. Following the transaction, the chief executive officer now owns 106,016 shares of the company’s stock, valued at approximately $14,465,883.20. This represents a 18.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 3.50% of the company’s stock.

e.l.f. Beauty Trading Up 2.7 %

Shares of ELF stock opened at $122.25 on Friday. The company has a market cap of $6.89 billion, a PE ratio of 66.08, a price-to-earnings-growth ratio of 2.67 and a beta of 1.44. e.l.f. Beauty, Inc. has a 1 year low of $98.50 and a 1 year high of $221.83. The stock’s 50 day simple moving average is $112.04 and its two-hundred day simple moving average is $153.08. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.34. The company had revenue of $301.10 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 39.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.66 EPS. Research analysts predict that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on ELF. Jefferies Financial Group dropped their price target on e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Piper Sandler restated an “overweight” rating and set a $165.00 target price (up previously from $162.00) on shares of e.l.f. Beauty in a research report on Thursday, November 7th. Robert W. Baird reduced their price target on shares of e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating on the stock in a report on Monday, October 21st. Canaccord Genuity Group dropped their price objective on shares of e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Finally, TD Cowen reduced their target price on e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, e.l.f. Beauty presently has an average rating of “Moderate Buy” and a consensus price target of $173.53.

e.l.f. Beauty 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.