Independence Bank of Kentucky Has $80,000 Holdings in e.l.f. Beauty $ELF

Independence Bank of Kentucky lessened its stake in shares of e.l.f. Beauty (NYSE:ELF) by 84.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,075 shares of the company’s stock after selling 5,760 shares during the quarter. Independence Bank of Kentucky’s holdings in e.l.f. Beauty were worth $80,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Royal Bank of Canada increased its holdings in shares of e.l.f. Beauty by 9.9% during the 1st quarter. Royal Bank of Canada now owns 153,682 shares of the company’s stock valued at $9,650,000 after acquiring an additional 13,851 shares during the last quarter. Integrated Wealth Concepts LLC lifted its holdings in e.l.f. Beauty by 168.6% in the 1st quarter. Integrated Wealth Concepts LLC now owns 6,483 shares of the company’s stock worth $407,000 after purchasing an additional 4,069 shares during the last quarter. NewEdge Advisors LLC boosted its position in e.l.f. Beauty by 176.4% during the first quarter. NewEdge Advisors LLC now owns 4,677 shares of the company’s stock worth $294,000 after purchasing an additional 2,985 shares during the period. United Services Automobile Association bought a new stake in e.l.f. Beauty during the first quarter worth approximately $240,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in e.l.f. Beauty by 58.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company’s stock worth $39,000 after purchasing an additional 117 shares during the period. Institutional investors own 92.44% of the company’s stock.

Insider Buying and Selling at e.l.f. Beauty

In other e.l.f. Beauty news, insider Kory Marchisotto sold 12,173 shares of the firm’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $88.02, for a total value of $1,071,467.46. Following the sale, the insider directly owned 169,695 shares in the company, valued at $14,936,553.90. This trade represents a 6.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Tarang Amin sold 50,164 shares of the business’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $78.24, for a total transaction of $3,924,831.36. Following the transaction, the chief executive officer owned 110,496 shares in the company, valued at approximately $8,645,207.04. The trade was a 31.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 120,656 shares of company stock valued at $9,365,864 in the last three months. 3.50% of the stock is owned by insiders.

e.l.f. Beauty Stock Performance

ELF opened at $107.30 on Friday. The company has a quick ratio of 1.82, a current ratio of 2.55 and a debt-to-equity ratio of 0.69. The stock’s 50 day moving average price is $87.09 and its two-hundred day moving average price is $73.85. The firm has a market capitalization of $6.33 billion, a P/E ratio of 107.30, a price-to-earnings-growth ratio of 3.34 and a beta of 1.60. e.l.f. Beauty has a 12-month low of $48.82 and a 12-month high of $150.99.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $1.04. e.l.f. Beauty had a return on equity of 14.07% and a net margin of 3.38%.The company had revenue of $479.37 million during the quarter, compared to analyst estimates of $431.20 million. During the same period in the previous year, the company earned $0.89 earnings per share. The company’s quarterly revenue was up 35.5% compared to the same quarter last year. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. On average, equities analysts forecast that e.l.f. Beauty will post 2.64 earnings per share for the current year.

Analysts Set New Price Targets

ELF has been the topic of a number of recent analyst reports. UBS Group lifted their price target on shares of e.l.f. Beauty from $80.00 to $89.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Bank of America decreased their price objective on shares of e.l.f. Beauty from $93.00 to $85.00 and set a “buy” rating for the company in a report on Thursday, May 21st. The Goldman Sachs Group set a $100.00 target price on shares of e.l.f. Beauty in a research note on Thursday, August 6th. Citigroup lifted their target price on shares of e.l.f. Beauty from $87.00 to $92.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Finally, Morgan Stanley cut their target price on shares of e.l.f. Beauty from $67.00 to $59.00 and set an “equal weight” rating for the company in a research report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $92.12.

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.