Estee Lauder Companies (NYSE:EL) Director Charlene Barshefsky Sells 3,775 Shares

The Estee Lauder Companies Inc. (NYSE:EL) Director Charlene Barshefsky sold 3,775 shares of the firm’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $98.82, for a total value of $373,045.50. Following the completion of the sale, the director directly owned 50,971 shares of the company’s stock, valued at $5,036,954.22. This represents a 6.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Estee Lauder Companies Stock Down 2.4%

EL stock opened at $96.38 on Friday. The stock has a fifty day moving average of $90.07 and a 200-day moving average of $85.87. The Estee Lauder Companies Inc. has a fifty-two week low of $66.22 and a fifty-two week high of $121.64. The company has a market capitalization of $34.87 billion, a price-to-earnings ratio of 196.70, a PEG ratio of 1.14 and a beta of 1.28. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.90 and a current ratio of 1.22.

Estee Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Wednesday, August 19th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.07. The business had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.55 billion. Estee Lauder Companies had a return on equity of 23.52% and a net margin of 1.21%.The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.09 EPS. Estee Lauder Companies has set its FY 2027 guidance at 3.100-3.350 EPS. As a group, equities research analysts predict that The Estee Lauder Companies Inc. will post 3.3 earnings per share for the current year.

Estee Lauder Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be given a $0.35 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $1.40 annualized dividend and a dividend yield of 1.5%. Estee Lauder Companies’s payout ratio is 285.71%.

Hedge Funds Weigh In On Estee Lauder Companies

A number of large investors have recently modified their holdings of EL. California State Teachers Retirement System lifted its stake in Estee Lauder Companies by 6,993.9% in the 2nd quarter. California State Teachers Retirement System now owns 27,438,678 shares of the company’s stock worth $2,166,284,000 after purchasing an additional 27,051,883 shares in the last quarter. Bank of America Corp DE grew its position in shares of Estee Lauder Companies by 950.9% during the 1st quarter. Bank of America Corp DE now owns 13,843,765 shares of the company’s stock valued at $993,567,000 after purchasing an additional 12,526,471 shares in the last quarter. State Street Corp grew its position in shares of Estee Lauder Companies by 4.2% during the 4th quarter. State Street Corp now owns 11,585,782 shares of the company’s stock valued at $1,213,263,000 after purchasing an additional 467,195 shares in the last quarter. Schroder Investment Management Group increased its holdings in shares of Estee Lauder Companies by 185.3% in the fourth quarter. Schroder Investment Management Group now owns 8,140,550 shares of the company’s stock worth $861,596,000 after purchasing an additional 5,286,875 shares during the period. Finally, Independent Franchise Partners LLP increased its holdings in shares of Estee Lauder Companies by 1.1% in the fourth quarter. Independent Franchise Partners LLP now owns 7,837,249 shares of the company’s stock worth $820,717,000 after purchasing an additional 83,857 shares during the period. 55.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Piper Sandler raised their price objective on shares of Estee Lauder Companies from $95.00 to $115.00 and gave the stock an “overweight” rating in a report on Thursday, August 20th. Sanford C. Bernstein began coverage on shares of Estee Lauder Companies in a report on Friday, June 12th. They set a “market perform” rating and a $82.00 target price on the stock. JPMorgan Chase & Co. increased their target price on Estee Lauder Companies from $94.00 to $112.00 and gave the stock an “overweight” rating in a research report on Thursday, August 20th. Weiss Ratings raised Estee Lauder Companies from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, August 21st. Finally, Morgan Stanley lifted their price target on Estee Lauder Companies from $90.00 to $102.00 and gave the company an “equal weight” rating in a research report on Thursday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $104.67.

About Estee Lauder Companies

The Estée Lauder Companies Inc is a global beauty company that develops, manufactures and markets prestige skincare, makeup, fragrance and hair-care products. Its portfolio includes Estée Lauder, Clinique, M·A·C, Bobbi Brown Cosmetics, La Mer, Jo Malone London, Aveda, Tom Ford Beauty and The Ordinary, among other brands.

Founded in 1946 by Estée and Joseph Lauder, the company began with four skincare products and has expanded into a broad international beauty business. Its products are sold through department and specialty stores, freestanding stores, e-commerce platforms, travel retail locations and other distribution channels.

Estée Lauder Companies serves consumers in markets around the world, including North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa.