e.l.f. Beauty, Inc. (NYSE:ELF) Shares Bought by Independence Bank of Kentucky

Independence Bank of Kentucky boosted its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 299.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,674 shares of the company’s stock after buying an additional 10,254 shares during the quarter. Independence Bank of Kentucky’s holdings in e.l.f. Beauty were worth $859,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nemes Rush Group LLC purchased a new position in shares of e.l.f. Beauty during the 4th quarter valued at about $27,000. Orion Capital Management LLC acquired a new stake in e.l.f. Beauty during the fourth quarter worth about $30,000. Promus Capital LLC purchased a new position in e.l.f. Beauty during the fourth quarter valued at approximately $31,000. Kestra Investment Management LLC acquired a new position in e.l.f. Beauty in the fourth quarter valued at approximately $32,000. Finally, Wilmington Savings Fund Society FSB boosted its holdings in e.l.f. Beauty by 84.9% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 429 shares of the company’s stock worth $54,000 after buying an additional 197 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other e.l.f. Beauty news, Director Maureen C. Watson sold 3,875 shares of the firm’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $115.00, for a total transaction of $445,625.00. Following the completion of the sale, the director now owns 1,888 shares in the company, valued at $217,120. This trade represents a 67.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Joshua Allen Franks sold 51,353 shares of the business’s stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $53.36, for a total value of $2,740,196.08. Following the completion of the sale, the senior vice president now owns 114,660 shares of the company’s stock, valued at $6,118,257.60. This trade represents a 30.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 309,375 shares of company stock valued at $23,170,147 in the last three months. Corporate insiders own 3.50% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on ELF shares. The Goldman Sachs Group reduced their target price on e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating for the company in a research note on Friday, February 21st. DA Davidson dropped their price target on shares of e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. Bank of America upped their price objective on shares of e.l.f. Beauty from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, May 21st. JPMorgan Chase & Co. increased their price objective on shares of e.l.f. Beauty from $70.00 to $123.00 and gave the company an “overweight” rating in a report on Friday, May 30th. Finally, UBS Group boosted their target price on shares of e.l.f. Beauty from $59.00 to $84.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 21st. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $120.71.

e.l.f. Beauty Price Performance

e.l.f. Beauty stock opened at $117.83 on Friday. e.l.f. Beauty, Inc. has a 1 year low of $49.40 and a 1 year 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 has a 50 day moving average price of $72.37 and a 200 day moving average price of $91.45. The company has a market cap of $6.64 billion, a price-to-earnings ratio of 69.72, a PEG ratio of 6.76 and a beta of 1.52.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Wednesday, May 28th. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.06. e.l.f. Beauty had a return on equity of 16.88% and a net margin of 7.55%. The business had revenue of $332.65 million for the quarter, compared to analyst estimates of $327.45 million. During the same period last year, the company posted $0.53 EPS. The business’s quarterly revenue was up 3.6% on a year-over-year basis. Sell-side analysts predict that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current year.

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.