The Estée Lauder Companies Inc. (NYSE:EL) Director Purchases $4,960,775.00 in Stock

The Estée Lauder Companies Inc. (NYSE:EL - Get Free Report) Director Paul J. Fribourg acquired 77,500 shares of Estée Lauder Companies stock in a transaction on Friday, November 15th. The stock was purchased at an average cost of $64.01 per share, with a total value of $4,960,775.00. Following the purchase, the director now directly owns 234,500 shares of the company's stock, valued at approximately $15,010,345. This trade represents a 49.36 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

Estée Lauder Companies Price Performance

Shares of EL stock traded up $0.24 during trading hours on Tuesday, reaching $64.81. The stock had a trading volume of 3,939,389 shares, compared to its average volume of 3,463,374. The stock's fifty day simple moving average is $83.81 and its 200 day simple moving average is $99.36. The firm has a market capitalization of $23.26 billion, a PE ratio of 115.72, a PEG ratio of 3.85 and a beta of 1.05. The Estée Lauder Companies Inc. has a 12 month low of $62.29 and a 12 month high of $159.75. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 1.44.

Estée Lauder Companies (NYSE:EL - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.09 by $0.05. The firm had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.37 billion. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The business's quarterly revenue was down 4.5% compared to the same quarter last year. During the same period last year, the firm earned $0.11 EPS. On average, equities research analysts predict that The Estée Lauder Companies Inc. will post 1.59 EPS for the current year.

Estée Lauder Companies Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.40 annualized dividend and a dividend yield of 2.16%. Estée Lauder Companies's payout ratio is currently 471.43%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on EL shares. Piper Sandler raised their price objective on shares of Estée Lauder Companies from $114.00 to $122.00 and gave the company an "overweight" rating in a research note on Monday, September 30th. HSBC downgraded Estée Lauder Companies from a "buy" rating to a "hold" rating and set a $100.00 price target for the company. in a research note on Wednesday, October 16th. DA Davidson reissued a "buy" rating and issued a $130.00 price objective on shares of Estée Lauder Companies in a research note on Tuesday, October 29th. Canaccord Genuity Group dropped their target price on Estée Lauder Companies from $100.00 to $75.00 and set a "hold" rating on the stock in a report on Friday, November 1st. Finally, B. Riley decreased their price target on Estée Lauder Companies from $95.00 to $70.00 and set a "neutral" rating for the company in a report on Monday, November 4th. Nineteen equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $100.90.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. State Street Corp grew its position in Estée Lauder Companies by 9.5% in the third quarter. State Street Corp now owns 10,575,926 shares of the company's stock worth $1,054,314,000 after acquiring an additional 913,470 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Estée Lauder Companies by 79.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company's stock worth $570,600,000 after acquiring an additional 2,533,006 shares during the last quarter. Geode Capital Management LLC grew its holdings in Estée Lauder Companies by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 4,679,154 shares of the company's stock worth $464,587,000 after acquiring an additional 70,307 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Estée Lauder Companies by 36.4% in the third quarter. Van ECK Associates Corp now owns 4,041,911 shares of the company's stock valued at $402,938,000 after acquiring an additional 1,078,926 shares during the period. Finally, Independent Franchise Partners LLP raised its stake in shares of Estée Lauder Companies by 44.4% during the second quarter. Independent Franchise Partners LLP now owns 3,466,048 shares of the company's stock valued at $368,788,000 after acquiring an additional 1,066,320 shares during the last quarter. Hedge funds and other institutional investors own 55.15% of the company's stock.

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.