The Estée Lauder Companies Inc. (NYSE:EL - Get Free Report) CEO Fabrizio Freda sold 10,969 shares of the company's stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $67.76, for a total transaction of $743,259.44. Following the completion of the transaction, the chief executive officer now owns 295,838 shares in the company, valued at approximately $20,045,982.88. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Estée Lauder Companies Trading Down 0.8 %
Shares of EL stock traded down $0.56 during trading hours on Tuesday, reaching $65.89. 4,952,259 shares of the stock were exchanged, compared to its average volume of 3,386,379. The firm has a market capitalization of $23.64 billion, a price-to-earnings ratio of 117.66, a price-to-earnings-growth ratio of 1.17 and a beta of 1.05. The Estée Lauder Companies Inc. has a 12-month low of $63.36 and a 12-month high of $159.75. The company's 50-day moving average price is $88.99 and its 200-day moving average price is $104.88. 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 posted its quarterly earnings data on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.05. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The company had revenue of $3.36 billion during the quarter, compared to analysts' expectations of $3.37 billion. During the same quarter in the previous year, the business earned $0.11 EPS. Estée Lauder Companies's revenue was down 4.5% compared to the same quarter last year. As a group, equities analysts anticipate that The Estée Lauder Companies Inc. will post 2.95 earnings per share for the current year.
Estée Lauder Companies Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date is Friday, November 29th. Estée Lauder Companies's dividend payout ratio (DPR) is presently 250.00%.
Hedge Funds Weigh In On Estée Lauder Companies
Several institutional investors have recently made changes to their positions in EL. Crewe Advisors LLC bought a new position in Estée Lauder Companies in the first quarter worth approximately $35,000. Chilton Capital Management LLC boosted its holdings in shares of Estée Lauder Companies by 163.0% in the 1st quarter. Chilton Capital Management LLC now owns 263 shares of the company's stock valued at $41,000 after buying an additional 163 shares in the last quarter. Larson Financial Group LLC raised its stake in shares of Estée Lauder Companies by 3,262.5% during the 1st quarter. Larson Financial Group LLC now owns 269 shares of the company's stock worth $41,000 after acquiring an additional 261 shares in the last quarter. Rothschild Investment LLC purchased a new stake in Estée Lauder Companies during the second quarter valued at approximately $30,000. Finally, PARK CIRCLE Co acquired a new stake in Estée Lauder Companies in the second quarter valued at approximately $32,000. Hedge funds and other institutional investors own 55.15% of the company's stock.
Analyst Upgrades and Downgrades
EL has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft decreased their price objective on Estée Lauder Companies from $98.00 to $75.00 and set a "hold" rating for the company in a report on Monday. The Goldman Sachs Group cut their price objective on shares of Estée Lauder Companies from $100.00 to $75.00 and set a "neutral" rating on the stock in a report on Friday. TD Cowen lowered their target price on Estée Lauder Companies from $95.00 to $70.00 and set a "hold" rating on the stock in a research note on Friday. Raymond James downgraded Estée Lauder Companies from a "strong-buy" rating to a "market perform" rating in a research note on Monday, July 22nd. Finally, DA Davidson restated a "buy" rating and issued a $130.00 price objective on shares of Estée Lauder Companies in a research note on Tuesday, October 29th. Nineteen research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $100.90.
Check Out Our Latest Analysis on EL
About Estée Lauder Companies
(
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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.
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