Estee Lauder Companies (NYSE:EL) Director Sells 70,000 Shares of Company Stock

The Estee Lauder Companies Inc. (NYSE:EL) Director Paul Fribourg sold 70,000 shares of Estee Lauder Companies stock in a transaction on Friday, November 6th. The shares were sold at an average price of $110.21, for a total value of $7,714,700.00. Following the completion of the transaction, the director owned 326,328 shares in the company, valued at $35,964,608.88. The trade was a 17.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Estee Lauder Companies Trading Up 4.3%

Shares of Estee Lauder Companies stock traded up $4.72 during trading hours on Monday, reaching $114.78. The stock had a trading volume of 1,505,274 shares, compared to its average volume of 3,806,429. The firm has a 50 day simple moving average of $100.73 and a two-hundred day simple moving average of $91.73. The firm has a market capitalization of $41.59 billion, a price-to-earnings ratio of 114.67, a P/E/G ratio of 1.48 and a beta of 1.23. The company has a current ratio of 1.25, a quick ratio of 0.91 and a debt-to-equity ratio of 1.67. The Estee Lauder Companies Inc. has a 1 year low of $66.22 and a 1 year high of $121.64.

Estee Lauder Companies (NYSE:EL) last issued its earnings results on Monday, November 2nd. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.21. The business had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.65 billion. Estee Lauder Companies had a return on equity of 26.99% and a net margin of 2.41%. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.32 EPS. As a group, equities research analysts anticipate that The Estee Lauder Companies Inc. will post 3.43 earnings per share for the current year.

Estee Lauder Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Monday, November 30th. Estee Lauder Companies’s payout ratio is 140.00%.

Hedge Funds Weigh In On Estee Lauder Companies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Trust Co. of Vermont purchased a new stake in shares of Estee Lauder Companies during the second quarter worth about $28,000. Kozak & Associates Inc. purchased a new position in Estee Lauder Companies in the second quarter valued at about $30,000. IFP Advisors Inc grew its stake in Estee Lauder Companies by 35.2% during the 2nd quarter. IFP Advisors Inc now owns 415 shares of the company’s stock valued at $33,000 after purchasing an additional 108 shares in the last quarter. Meeder Asset Management Inc. increased its holdings in Estee Lauder Companies by 1,732.5% during the 1st quarter. Meeder Asset Management Inc. now owns 733 shares of the company’s stock worth $53,000 after purchasing an additional 693 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in Estee Lauder Companies by 37.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,349 shares of the company’s stock worth $97,000 after purchasing an additional 370 shares during the last quarter. 55.15% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Estee Lauder Companies from $108.00 to $117.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. CICC Research upgraded Estee Lauder Companies from a “neutral” rating to an “outperform” rating and increased their price target for the company from $65.00 to $122.00 in a report on Monday, August 31st. Wall Street Zen raised Estee Lauder Companies from a “hold” rating to a “buy” rating in a research report on Saturday. Argus boosted their price objective on Estee Lauder Companies from $100.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, August 28th. Finally, TD Cowen boosted their price target on Estee Lauder Companies from $100.00 to $115.00 and gave the stock a “hold” rating in a research report on Friday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $110.31.

Estee Lauder Companies Company Profile

The Estée Lauder Companies Inc is a global prestige beauty company founded in 1946 by Estée and Joseph Lauder. Based in New York City, it develops, markets and sells beauty products under a portfolio of brands, including Estée Lauder, Clinique, M·A·C, La Mer, Aveda and Jo Malone London.

The company’s products span skin care, makeup, fragrance and hair care. It reaches consumers through department stores, specialty retailers, its own stores and websites, and other online and travel-retail channels.

The Estée Lauder Companies serves customers in more than 150 countries and territories.