e.l.f. Beauty (NYSE:ELF) Stock Unloaded Sen. Markwayne Mullin

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 ELF stock opened at $125.55 on Thursday. The firm has a market cap of $7.07 billion, a P/E ratio of 67.86, a price-to-earnings-growth ratio of 3.03 and a beta of 1.49. e.l.f. Beauty, Inc. has a 12-month low of $98.50 and a 12-month high of $221.83. The business has a 50-day moving average price of $124.74 and a two-hundred day moving average price of $143.63. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.22.

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

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

In other news, CEO Tarang Amin sold 890 shares of e.l.f. Beauty stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $122,464.00. Following the sale, the chief executive officer now owns 99,699 shares of the company’s stock, valued at approximately $13,718,582.40. This trade represents a 0.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Maureen C. Watson sold 785 shares of e.l.f. Beauty stock in a transaction dated Friday, November 29th. The shares were 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 in the company, valued at approximately $245,440. This trade represents a 29.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,205 shares of company stock worth $297,442 over the last three months. Corporate insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Maryland State Retirement & Pension System acquired a new stake in shares of e.l.f. Beauty in the 2nd quarter worth approximately $869,000. Van ECK Associates Corp lifted its position in shares of e.l.f. Beauty by 27.4% in the second quarter. Van ECK Associates Corp now owns 26,659 shares of the company’s stock worth $5,618,000 after purchasing an additional 5,734 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of e.l.f. Beauty by 58.1% in the second quarter. Farther Finance Advisors LLC now owns 2,100 shares of the company’s stock worth $429,000 after acquiring an additional 772 shares during the last quarter. Natixis Advisors LLC grew its stake in shares of e.l.f. Beauty by 19.5% in the 2nd quarter. Natixis Advisors LLC now owns 14,664 shares of the company’s stock valued at $3,090,000 after buying an additional 2,395 shares in the last quarter. Finally, Guidance Capital Inc. increased its stake in shares of e.l.f. Beauty by 5.6% during the 2nd quarter. Guidance Capital Inc. now owns 3,018 shares of the company’s stock worth $636,000 after purchasing an additional 160 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Stifel Nicolaus reduced their price objective on shares of e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating for the company in a research note on Thursday, November 7th. Bank of America dropped their target price on e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. Robert W. Baird dropped their target price on shares of e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating on the stock in a research note on Monday, October 21st. JPMorgan Chase & Co. dropped their target price on shares of e.l.f. Beauty from $167.00 to $154.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. Finally, Truist Financial boosted their price target on e.l.f. Beauty from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $171.82.

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.