Landscape Capital Management L.L.C. Buys 4,986 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Landscape Capital Management L.L.C. increased its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 19.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,258 shares of the company's stock after buying an additional 4,986 shares during the quarter. Landscape Capital Management L.L.C. owned about 0.05% of e.l.f. Beauty worth $3,799,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB bought a new position in shares of e.l.f. Beauty in the third quarter worth $25,000. Nemes Rush Group LLC bought a new position in e.l.f. Beauty in the 4th quarter valued at about $27,000. Promus Capital LLC acquired a new position in shares of e.l.f. Beauty in the 4th quarter valued at approximately $31,000. Kestra Investment Management LLC bought a new stake in shares of e.l.f. Beauty during the 4th quarter worth approximately $32,000. Finally, Financial Life Planners acquired a new stake in shares of e.l.f. Beauty during the 4th quarter worth approximately $46,000. Institutional investors own 92.44% of the company's stock.

e.l.f. Beauty Trading Up 3.2 %

Shares of e.l.f. Beauty stock traded up $1.63 on Wednesday, reaching $52.63. 1,439,426 shares of the company's stock were exchanged, compared to its average volume of 2,296,071. The company has a market capitalization of $2.97 billion, a P/E ratio of 31.13, a price-to-earnings-growth ratio of 6.76 and a beta of 1.41. e.l.f. Beauty, Inc. has a 52 week low of $49.75 and a 52 week high of $219.77. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90. The firm's 50-day moving average is $70.17 and its two-hundred day moving average is $102.66.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.35). e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. Sell-side analysts predict that e.l.f. Beauty, Inc. will post 2.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ELF has been the subject of several recent analyst reports. UBS Group restated a "neutral" rating and set a $74.00 target price (down from $158.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. The Goldman Sachs Group reduced their price objective on e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Canaccord Genuity Group lowered their target price on e.l.f. Beauty from $174.00 to $105.00 and set a "buy" rating for the company in a research note on Friday, February 7th. B. Riley restated a "buy" rating and issued a $90.00 price target (down from $150.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Finally, Piper Sandler lowered their price objective on shares of e.l.f. Beauty from $102.00 to $90.00 and set an "overweight" rating for the company in a research report on Monday, March 31st. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, e.l.f. Beauty currently has an average rating of "Moderate Buy" and a consensus target price of $130.24.

Insider Activity

In related news, Director Maureen C. Watson sold 4,000 shares of the company's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $67.39, for a total transaction of $269,560.00. Following the completion of the sale, the director now owns 1,888 shares in the company, valued at approximately $127,232.32. This represents a 67.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 3.50% of the company's stock.

e.l.f. Beauty Profile

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.