Est�e Lauder Companies (NYSE:EL)’s share price hit a new 52-week high and low during trading on Monday . The stock traded as low as $150.46 and last traded at $147.89, with a volume of 683332 shares trading hands. The stock had previously closed at $149.72.
Several brokerages have commented on EL. Piper Jaffray set a $152.00 price target on shares of Est�e Lauder Companies and gave the company a “buy” rating in a research note on Tuesday, March 27th. Zacks Investment Research lowered shares of Est�e Lauder Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, March 27th. Credit Suisse Group started coverage on shares of Est�e Lauder Companies in a research note on Monday, March 12th. They issued an “outperform” rating and a $162.00 price target on the stock. Stifel Nicolaus restated a “buy” rating and set a $150.00 target price (up from $145.00) on shares of Est�e Lauder Companies in a research report on Tuesday, February 20th. Finally, Bank of America raised their target price on shares of Est�e Lauder Companies from $152.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, March 5th. Five equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $133.78.
The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $55,063.42, a price-to-earnings ratio of 42.57, a price-to-earnings-growth ratio of 2.65 and a beta of 0.64.
Est�e Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Friday, February 2nd. The company reported $1.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.44 by $0.08. Est�e Lauder Companies had a return on equity of 34.86% and a net margin of 8.43%. The firm had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.68 billion. During the same period last year, the company earned $1.22 earnings per share. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. research analysts predict that Est�e Lauder Companies will post 4.36 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Wednesday, February 28th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.03%. The ex-dividend date was Tuesday, February 27th. Est�e Lauder Companies’s dividend payout ratio is presently 43.80%.
In other Est�e Lauder Companies news, CFO Tracey Thomas Travis sold 5,000 shares of the firm’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $137.02, for a total value of $685,100.00. Following the completion of the sale, the chief financial officer now owns 24,467 shares of the company’s stock, valued at $3,352,468.34. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Carl P. Haney sold 6,525 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $137.52, for a total value of $897,318.00. Following the completion of the sale, the executive vice president now directly owns 6,525 shares of the company’s stock, valued at approximately $897,318. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 289,250 shares of company stock valued at $39,637,193. Corporate insiders own 16.24% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in EL. Harvest Fund Management Co. Ltd acquired a new stake in Est�e Lauder Companies in the fourth quarter valued at $126,000. Cerebellum GP LLC acquired a new stake in Est�e Lauder Companies in the fourth quarter valued at $130,000. CNB Bank acquired a new stake in Est�e Lauder Companies in the fourth quarter valued at $141,000. Winslow Evans & Crocker Inc. lifted its holdings in Est�e Lauder Companies by 2,750.0% in the fourth quarter. Winslow Evans & Crocker Inc. now owns 1,140 shares of the company’s stock valued at $145,000 after acquiring an additional 1,100 shares during the period. Finally, We Are One Seven LLC acquired a new stake in Est�e Lauder Companies in the fourth quarter valued at $160,000. 54.13% of the stock is owned by institutional investors.
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Est�e Lauder Companies Company Profile
The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products worldwide. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care, exfoliators, acne and oil correctors, facial masks, cleansing devices, and sun care products; and makeup products for face, eyes, lips, and nails, as well as related items, including compacts, brushes, and other makeup tools.
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