Estee Lauder Companies Inc (NYSE:EL) major shareholder Ronald S. Foundation Lauder sold 27,830 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $167.07, for a total transaction of $4,649,558.10. Following the completion of the sale, the insider now directly owns 94,801 shares of the company’s stock, valued at approximately $15,838,403.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
EL traded up $2.97 during trading hours on Wednesday, hitting $169.97. 1,200,404 shares of the company’s stock were exchanged, compared to its average volume of 1,891,624. Estee Lauder Companies Inc has a 1-year low of $121.47 and a 1-year high of $180.20. The stock has a market capitalization of $59.74 billion, a price-to-earnings ratio of 37.69, a PEG ratio of 2.44 and a beta of 0.72. The company has a current ratio of 1.69, a quick ratio of 1.26 and a debt-to-equity ratio of 0.62.
Estee Lauder Companies (NYSE:EL) last announced its earnings results on Wednesday, May 1st. The company reported $1.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.25. Estee Lauder Companies had a net margin of 12.45% and a return on equity of 43.52%. The business had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.56 billion. During the same quarter in the prior year, the company posted $1.17 earnings per share. The firm’s revenue was up 11.1% on a year-over-year basis. As a group, research analysts predict that Estee Lauder Companies Inc will post 5.21 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 1.01%. The ex-dividend date is Thursday, May 30th. Estee Lauder Companies’s payout ratio is 38.14%.
EL has been the subject of several recent analyst reports. Telsey Advisory Group upped their target price on shares of Estee Lauder Companies from $170.00 to $179.00 and gave the company an “outperform” rating in a research note on Wednesday, February 6th. Macquarie increased their price objective on shares of Estee Lauder Companies from $170.00 to $195.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2nd. Deutsche Bank increased their price objective on shares of Estee Lauder Companies to $167.00 and gave the stock a “buy” rating in a research report on Wednesday, February 6th. Zacks Investment Research raised shares of Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $140.00 price objective for the company in a research report on Friday, January 18th. Finally, BMO Capital Markets increased their price objective on shares of Estee Lauder Companies from $140.00 to $155.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 6th. 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’s stock. Estee Lauder Companies currently has a consensus rating of “Buy” and a consensus target price of $170.78.
A number of institutional investors and hedge funds have recently made changes to their positions in EL. Machina Capital S.A.S. acquired a new stake in Estee Lauder Companies in the fourth quarter valued at $30,000. Anderson Fisher LLC acquired a new stake in Estee Lauder Companies in the first quarter valued at $43,000. Trust Co. of Vermont lifted its stake in Estee Lauder Companies by 112.1% in the first quarter. Trust Co. of Vermont now owns 263 shares of the company’s stock valued at $44,000 after acquiring an additional 139 shares during the last quarter. Motco lifted its stake in Estee Lauder Companies by 45.8% in the first quarter. Motco now owns 277 shares of the company’s stock valued at $46,000 after acquiring an additional 87 shares during the last quarter. Finally, Financial Gravity Wealth Inc. acquired a new stake in Estee Lauder Companies in the first quarter valued at $50,000. Institutional investors and hedge funds own 53.06% of the company’s stock.
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About Estee Lauder Companies
The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.
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