Estee Lauder Companies, Inc. (The) (NYSE:EL) EVP Michael O’hare sold 42,032 shares of Estee Lauder Companies, Inc. (The) stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $105.41, for a total value of $4,430,593.12. Following the completion of the transaction, the executive vice president now owns 17,841 shares of the company’s stock, valued at approximately $1,880,619.81. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Estee Lauder Companies, Inc. (NYSE EL) opened at 106.48 on Tuesday. The company has a market capitalization of $39.20 billion, a price-to-earnings ratio of 31.79 and a beta of 0.72. Estee Lauder Companies, Inc. has a 52-week low of $75.29 and a 52-week high of $106.98. The stock has a 50 day moving average price of $98.44 and a 200 day moving average price of $91.28.
Estee Lauder Companies, Inc. (The) (NYSE:EL) last released its earnings results on Friday, August 18th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.08. The firm had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.86 billion. Estee Lauder Companies, Inc. (The) had a return on equity of 32.38% and a net margin of 10.56%. Estee Lauder Companies, Inc. (The)’s revenue was up 9.4% compared to the same quarter last year. During the same period last year, the business posted $0.43 earnings per share. On average, equities analysts expect that Estee Lauder Companies, Inc. will post $3.83 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be issued a $0.34 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $1.36 dividend on an annualized basis and a yield of 1.28%. Estee Lauder Companies, Inc. (The)’s dividend payout ratio (DPR) is presently 40.60%.
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A number of research firms recently issued reports on EL. Piper Jaffray Companies restated an “overweight” rating and set a $112.00 price objective (up previously from $95.00) on shares of Estee Lauder Companies, Inc. (The) in a report on Monday. Jefferies Group LLC restated a “buy” rating and set a $112.00 price objective (up previously from $110.00) on shares of Estee Lauder Companies, Inc. (The) in a report on Monday. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $110.00 price objective (up previously from $100.00) on shares of Estee Lauder Companies, Inc. (The) in a report on Thursday, August 10th. Zacks Investment Research cut Estee Lauder Companies, Inc. (The) from a “buy” rating to a “hold” rating in a report on Monday. Finally, Wells Fargo & Company restated a “buy” rating and set a $112.00 price objective on shares of Estee Lauder Companies, Inc. (The) in a report on Friday, August 11th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have given a buy rating to the company. Estee Lauder Companies, Inc. (The) has a consensus rating of “Buy” and a consensus target price of $105.12.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EL. BLS Capital Fondsmaeglerselskab A S bought a new position in Estee Lauder Companies, Inc. (The) during the fourth quarter worth about $12,896,000. Macquarie Group Ltd. raised its position in Estee Lauder Companies, Inc. (The) by 63.1% in the fourth quarter. Macquarie Group Ltd. now owns 31,560 shares of the company’s stock worth $2,414,000 after buying an additional 12,210 shares during the period. DnB Asset Management AS raised its position in Estee Lauder Companies, Inc. (The) by 18.7% in the first quarter. DnB Asset Management AS now owns 24,780 shares of the company’s stock worth $2,101,000 after buying an additional 3,900 shares during the period. Nisa Investment Advisors LLC raised its position in Estee Lauder Companies, Inc. (The) by 7.6% in the first quarter. Nisa Investment Advisors LLC now owns 72,497 shares of the company’s stock worth $6,146,000 after buying an additional 5,125 shares during the period. Finally, State of Alaska Department of Revenue bought a new position in Estee Lauder Companies, Inc. (The) during the first quarter worth about $418,000. Hedge funds and other institutional investors own 55.38% of the company’s stock.
About Estee Lauder Companies, Inc. (The)
The Estee Lauder Companies Inc manufactures and markets skin care, makeup, fragrance and hair care products. The Company offers products, including skin care, makeup, fragrance, hair care and other. The Company operates in beauty products segment. The Company’s products are sold in over 150 countries and territories under brand names, including Estee Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, MAC, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frederic Malle, GLAMGLOW, By Kilian, BECCA and Too Faced.
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