The Estée Lauder Companies Inc. (NYSE:EL) Director Purchases $2,853,050.00 in Stock

The Estée Lauder Companies Inc. (NYSE:EL) Director Paul J. Fribourg bought 43,000 shares of Estée Lauder Companies stock in a transaction that occurred on Wednesday, February 5th. The shares were acquired at an average price of $66.35 per share, with a total value of $2,853,050.00. Following the completion of the transaction, the director now owns 430,800 shares of the company’s stock, valued at $28,583,580. This represents a 11.09 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Estée Lauder Companies Trading Up 1.3 %

EL opened at $65.09 on Friday. The stock has a market cap of $23.36 billion, a PE ratio of 116.23, a PEG ratio of 5.89 and a beta of 1.03. The business has a 50 day moving average of $76.86 and a 200-day moving average of $83.26. The Estée Lauder Companies Inc. has a 52 week low of $62.29 and a 52 week high of $159.54. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 1.44.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.32 by $0.30. The business had revenue of $4 billion during the quarter, compared to analyst estimates of $3.98 billion. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The company’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.88 earnings per share. Equities research analysts predict that The Estée Lauder Companies Inc. will post 1.5 earnings per share for the current fiscal year.

Estée Lauder Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be given a $0.35 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.15%. Estée Lauder Companies’s dividend payout ratio is currently 250.00%.

Institutional Trading of Estée Lauder Companies

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ashton Thomas Securities LLC bought a new stake in Estée Lauder Companies in the 3rd quarter worth about $31,000. Ameliora Wealth Management Ltd. bought a new position in Estée Lauder Companies in the fourth quarter worth approximately $29,000. Deseret Mutual Benefit Administrators raised its holdings in Estée Lauder Companies by 68.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company’s stock worth $29,000 after purchasing an additional 158 shares during the period. Golden State Wealth Management LLC bought a new position in shares of Estée Lauder Companies in the fourth quarter worth about $30,000. Finally, Eagle Bay Advisors LLC lifted its position in shares of Estée Lauder Companies by 297.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock valued at $30,000 after buying an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Analyst Upgrades and Downgrades

EL has been the subject of several recent analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $100.00 price objective on shares of Estée Lauder Companies in a report on Friday, January 31st. Citigroup lowered shares of Estée Lauder Companies from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $105.00 to $80.00 in a report on Thursday, October 31st. Barclays lowered their price objective on shares of Estée Lauder Companies from $71.00 to $64.00 and set an “equal weight” rating on the stock in a research report on Thursday. Morgan Stanley cut their target price on shares of Estée Lauder Companies from $85.00 to $81.00 and set an “equal weight” rating for the company in a research report on Thursday. Finally, HSBC downgraded Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $100.00 price target on the stock. in a research report on Wednesday, October 16th. Twenty investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $86.00.

About Estée Lauder Companies

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, and powders, as well as compacts, brushes, and other makeup tools.