Estee Lauder Companies (NYSE:EL) Director Sells $7,714,700.00 in Stock

The Estee Lauder Companies Inc. (NYSE:EL) Director Paul Fribourg sold 70,000 shares of the stock in a transaction on Friday, November 6th. The stock was sold at an average price of $110.21, for a total transaction of $7,714,700.00. Following the completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Estee Lauder Companies Trading Down 0.9%

NYSE EL opened at $112.43 on Thursday. The company has a fifty day moving average of $101.39 and a 200 day moving average of $91.65. The company has a market capitalization of $40.74 billion, a PE ratio of 38.98, a P/E/G ratio of 1.52 and a beta of 1.23. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.25 and a quick ratio of 0.91. 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 released its quarterly earnings data on Monday, November 2nd. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.21. The business had revenue of $3.72 billion during the quarter, compared to analyst estimates 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 was up 6.7% on a year-over-year basis. During the same quarter last year, the business posted $0.32 EPS. Research analysts forecast that The Estee Lauder Companies Inc. will post 3.43 earnings per share for the current year.

Estee Lauder Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Monday, November 30th. Estee Lauder Companies’s dividend payout ratio (DPR) is 140.00%.

Trending Headlines about Estee Lauder Companies

These are some of the EL headlines that stood out recently:

• Positive Sentiment: Citigroup raised its price target to $132 from $121 and maintained a Buy rating, pointing to potential upside. Analysts also see improvement in Estée Lauder’s China business as support for its turnaround, sales growth and margins. Citigroup rating information Barron’s article on China and the turnaround
• Positive Sentiment: The company’s new Skin Longevity platform builds on its research in skin science and aims to drive skincare innovation—an opportunity for longer-term growth, though the reports provide no near-term financial estimates. Zacks article on the Skin Longevity strategy
• Neutral Sentiment: Estée Lauder’s annual stockholder meeting is scheduled for November 17; no specific financial or strategic changes were noted in the announcement. Annual meeting notice

Analyst Upgrades and Downgrades

EL has been the topic of a number of recent research reports. CICC Research upgraded Estee Lauder Companies from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $65.00 to $122.00 in a report on Monday, August 31st. HSBC lifted their price target on Estee Lauder Companies from $87.00 to $95.00 and gave the stock a “hold” rating in a research note on Thursday, August 20th. Deutsche Bank boosted their price target on shares of Estee Lauder Companies from $108.00 to $117.00 and gave the company a “buy” rating in a report on Thursday, August 20th. Piper Sandler upped their price target on shares of Estee Lauder Companies from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, October 23rd. Finally, Telsey Advisory Group raised their price objective on shares of Estee Lauder Companies from $90.00 to $108.00 and gave the stock a “market perform” rating in a research note on Thursday, August 20th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $110.73.

Institutional Investors Weigh In On Estee Lauder Companies

Several institutional investors have recently bought and sold shares of EL. Private Advisor Group LLC grew its stake in shares of Estee Lauder Companies by 20.7% in the 3rd quarter. Private Advisor Group LLC now owns 7,770 shares of the company’s stock valued at $721,000 after buying an additional 1,331 shares in the last quarter. Bluebird Wealth Management LLC purchased a new position in Estee Lauder Companies during the third quarter worth approximately $173,000. Independent Advisor Alliance acquired a new position in Estee Lauder Companies during the third quarter worth $204,000. Composition Wealth LLC acquired a new position in Estee Lauder Companies during the third quarter worth $203,000. Finally, Global Retirement Partners LLC boosted its stake in Estee Lauder Companies by 592.9% during the third quarter. Global Retirement Partners LLC now owns 9,098 shares of the company’s stock worth $844,000 after buying an additional 7,785 shares during the last quarter. 55.15% of the stock is currently owned by institutional investors and hedge funds.

About Estee Lauder Companies

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.