Independence Bank of Kentucky Trims Holdings in e.l.f. Beauty $ELF

Independence Bank of Kentucky decreased its position in shares of e.l.f. Beauty (NYSE:ELF) by 55.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,835 shares of the company’s stock after selling 8,580 shares during the quarter. Independence Bank of Kentucky’s holdings in e.l.f. Beauty were worth $414,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in e.l.f. Beauty by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 5,487,304 shares of the company’s stock worth $417,255,000 after buying an additional 140,258 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of e.l.f. Beauty by 47.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,197,319 shares of the company’s stock valued at $167,086,000 after acquiring an additional 711,540 shares during the last quarter. State Street Corp boosted its holdings in shares of e.l.f. Beauty by 0.8% in the 4th quarter. State Street Corp now owns 1,737,181 shares of the company’s stock valued at $132,095,000 after acquiring an additional 13,231 shares during the last quarter. Swedbank AB increased its stake in shares of e.l.f. Beauty by 97.0% in the fourth quarter. Swedbank AB now owns 1,364,801 shares of the company’s stock worth $103,779,000 after acquiring an additional 672,071 shares during the period. Finally, Ensign Peak Advisors Inc increased its stake in shares of e.l.f. Beauty by 37.7% in the fourth quarter. Ensign Peak Advisors Inc now owns 1,319,523 shares of the company’s stock worth $100,337,000 after acquiring an additional 361,371 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Stock Performance

ELF traded up $1.14 on Friday, reaching $76.90. The stock had a trading volume of 1,631,380 shares, compared to its average volume of 3,212,535. The business’s 50-day moving average price is $61.38 and its two-hundred day moving average price is $71.81. The company has a market cap of $4.53 billion, a P/E ratio of 167.18, a price-to-earnings-growth ratio of 2.99 and a beta of 1.59. e.l.f. Beauty has a 12-month low of $48.82 and a 12-month high of $150.99. The company has a current ratio of 2.35, a quick ratio of 1.69 and a debt-to-equity ratio of 0.72.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Wednesday, May 20th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.03. e.l.f. Beauty had a net margin of 1.61% and a return on equity of 11.02%. The business had revenue of $449.29 million for the quarter, compared to analyst estimates of $423.06 million. During the same period in the prior year, the company posted $0.78 EPS. The company’s revenue for the quarter was up 35.1% on a year-over-year basis. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. Sell-side analysts forecast that e.l.f. Beauty will post 2.42 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ELF shares. Jefferies Financial Group decreased their target price on shares of e.l.f. Beauty from $85.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Sanford C. Bernstein began coverage on e.l.f. Beauty in a research note on Thursday, June 11th. They set a “market perform” rating and a $60.00 price objective for the company. Weiss Ratings raised e.l.f. Beauty from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, June 18th. Robert W. Baird lowered their target price on e.l.f. Beauty from $115.00 to $90.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 28th. Finally, Bank of America dropped their target price on e.l.f. Beauty from $93.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and an average target price of $78.31.

Insider Activity at e.l.f. Beauty

In other news, insider Scott Milsten sold 23,797 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $63.66, for a total transaction of $1,514,917.02. Following the completion of the transaction, the insider directly owned 114,940 shares of the company’s stock, valued at $7,317,080.40. This represents a 17.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Kory Marchisotto sold 23,796 shares of the stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $63.66, for a total value of $1,514,853.36. Following the transaction, the insider owned 152,417 shares in the company, valued at $9,702,866.22. This trade represents a 13.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 278,988 shares of company stock valued at $18,354,580 in the last ninety days. 3.90% of the stock is currently owned by company insiders.

About e.l.f. Beauty

e.l.f. Beauty (NYSE: ELF) is an American cosmetics company known for offering an extensive range of affordable, trend-driven makeup and skincare products. The company’s portfolio spans foundations, lipsticks, mascaras, brushes, serums, masks and other beauty essentials, all positioned at accessible price points. e.l.f. Beauty maintains a direct-to-consumer platform through its e-commerce site and engages in widespread retail partnerships with major chains such as Target, Walmart, Ulta Beauty and Amazon.

Founded in 2004 and headquartered in Oakland, California, e.l.f.