Sen. Markwayne Mullin Sells Off Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Senator Markwayne Mullin (R-Oklahoma) recently sold shares of e.l.f. Beauty, Inc. (NYSE:ELF). In a filing disclosed on December 31st, the Senator disclosed that they had sold between $1,001 and $15,000 in e.l.f. Beauty stock on December 18th.

Senator Markwayne Mullin also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of CyberArk Software (NASDAQ:CYBR) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Axon Enterprise (NASDAQ:AXON) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Eaton (NYSE:ETN) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Sprouts Farmers Market (NASDAQ:SFM) on 12/18/2024.
• Sold $1,001 – $15,000 in shares of Eaton (NYSE:ETN) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Ollie’s Bargain Outlet (NASDAQ:OLLI) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Stride (NYSE:LRN) on 12/18/2024.
• Sold $1,001 – $15,000 in shares of Badger Meter (NYSE:BMI) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of CyberArk Software (NASDAQ:CYBR) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Freshpet (NASDAQ:FRPT) on 12/18/2024.

e.l.f. Beauty Trading Down 1.2 %

Shares of e.l.f. Beauty stock opened at $125.55 on Wednesday. e.l.f. Beauty, Inc. has a 1 year low of $98.50 and a 1 year high of $221.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01. The business has a 50 day moving average price of $124.34 and a 200 day moving average price of $143.75. The company has a market capitalization of $7.07 billion, a P/E ratio of 67.86, a P/E/G ratio of 3.03 and a beta of 1.49.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.34. The business had revenue of $301.10 million for the quarter, compared to the consensus estimate of $289.43 million. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The business’s revenue was up 39.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.66 earnings per share. Sell-side analysts anticipate that e.l.f. Beauty, Inc. will post 2.8 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ELF. Deutsche Bank Aktiengesellschaft began coverage on shares of e.l.f. Beauty in a research report on Thursday, December 12th. They issued a “hold” rating and a $133.00 price objective for the company. Truist Financial boosted their price target on e.l.f. Beauty from $130.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. lowered their price objective on e.l.f. Beauty from $167.00 to $154.00 and set an “overweight” rating for the company in a research report on Thursday, November 7th. 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 research report on Thursday, September 12th. Finally, DA Davidson reaffirmed a “buy” rating and set a $170.00 price objective on shares of e.l.f. Beauty in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $171.82.

Institutional Trading of e.l.f. Beauty

Large investors have recently added to or reduced their stakes in the stock. Logan Capital Management Inc. lifted its holdings in e.l.f. Beauty by 6.4% in the 3rd quarter. Logan Capital Management Inc. now owns 42,923 shares of the company’s stock worth $4,680,000 after buying an additional 2,565 shares in the last quarter. Retirement Systems of Alabama boosted its stake in e.l.f. Beauty by 83.6% during the 3rd quarter. Retirement Systems of Alabama now owns 143,758 shares of the company’s stock valued at $15,674,000 after purchasing an additional 65,448 shares during the period. Oddo BHF Asset Management Sas bought a new position in e.l.f. Beauty in the 3rd quarter worth approximately $1,160,000. Wilmington Savings Fund Society FSB bought a new position in e.l.f. Beauty in the 3rd quarter valued at about $25,000. Finally, Sanctuary Advisors LLC increased its holdings in shares of e.l.f. Beauty by 33.5% in the third quarter. Sanctuary Advisors LLC now owns 6,981 shares of the company’s stock valued at $761,000 after buying an additional 1,753 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Tarang Amin sold 890 shares of the company’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $137.60, for a total value of $122,464.00. Following the transaction, the chief executive officer now owns 99,699 shares in the company, valued at $13,718,582.40. This represents a 0.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Maureen C. Watson sold 785 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $130.00, for a total transaction of $102,050.00. Following the sale, the director now owns 1,888 shares of the company’s stock, valued at approximately $245,440. This represents a 29.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,205 shares of company stock worth $297,442 in the last three months. 3.50% of the stock is currently owned by insiders.

About Senator Mullin

Markwayne Mullin (Republican Party) is a member of the U.S. Senate from Oklahoma. He assumed office on January 11, 2023. His current term ends on January 3, 2027. Mullin (Republican Party) ran in a special election to the U.S. Senate to represent Oklahoma. He won in the special general election on November 8, 2022. Mullin is a member of the Cherokee Nation and one of four Native American members of the 116th Congress. At the age of 20, Mullin took over his father’s plumbing business. He is also a former professional mixed martial artist. Markwayne Mullin graduated from Stilwell High School. Mullin earned an associate degree in construction technology from Oklahoma State University Institute of Technology. His career experience includes owning and founding multiple businesses.

About e.l.f. Beauty

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.