Representative Kevin Hern (R-Oklahoma) recently sold shares of The Estée Lauder Companies Inc. (NYSE:EL). In a filing disclosed on January 15th, the Representative disclosed that they had sold between $15,001 and $50,000 in Estée Lauder Companies stock on December 31st. The trade occurred in the Representative's "HERN FAMILY REVOCABLE TRUST > BROKERAGE INVESTMENT ACCOUNT" account.
Representative Kevin Hern also recently made the following trade(s):
- Sold $50,001 - $100,000 in shares of Intel NASDAQ: INTC on 12/31/2024.
- Sold $250,001 - $500,000 in shares of Devon Energy NYSE: DVN on 12/31/2024.
- Sold $100,001 - $250,000 in shares of Johnson & Johnson NYSE: JNJ on 12/31/2024.
- Sold $50,001 - $100,000 in shares of DexCom NASDAQ: DXCM on 12/31/2024.
- Sold $50,001 - $100,000 in shares of AGCO NYSE: AGCO on 12/31/2024.
- Purchased $1,001 - $15,000 in shares of Home Depot NYSE: HD on 12/12/2024.
- Purchased $1,001 - $15,000 in shares of Exxon Mobil NYSE: XOM on 12/10/2024.
- Purchased $100,001 - $250,000 in shares of McDonald's NYSE: MCD on 10/29/2024.
Estée Lauder Companies Stock Down 0.3 %
EL traded down $0.21 during trading hours on Friday, hitting $77.86. 2,948,283 shares of the company's stock were exchanged, compared to its average volume of 3,191,698. The firm has a market cap of $27.95 billion, a P/E ratio of 139.04, a price-to-earnings-growth ratio of 5.02 and a beta of 1.02. 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. The firm has a 50 day moving average of $73.48 and a 200 day moving average of $85.83.
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 for the quarter, topping analysts' consensus estimates of $0.09 by $0.05. The business had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.37 billion. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The company's revenue was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.11 earnings per share. Analysts predict that The Estée Lauder Companies Inc. will post 1.48 EPS for the current fiscal year.
Estée Lauder Companies Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend was Friday, November 29th. Estée Lauder Companies's payout ratio is 250.00%.
Insider Buying and Selling at Estée Lauder Companies
In other news, CEO Fabrizio Freda sold 10,969 shares of the company's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $67.76, for a total value of $743,259.44. Following the sale, the chief executive officer now directly owns 295,838 shares in the company, valued at $20,045,982.88. This represents a 3.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul J. Fribourg acquired 75,500 shares of the company's stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average price of $64.93 per share, with a total value of $4,902,215.00. Following the transaction, the director now owns 310,000 shares in the company, valued at $20,128,300. This represents a 32.20 % increase in their position. The disclosure for this purchase can be found here. Insiders own 12.78% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on EL shares. UBS Group increased their price target on Estée Lauder Companies from $74.00 to $80.00 and gave the company a "neutral" rating in a research report on Thursday. DA Davidson reiterated a "buy" rating and set a $81.00 target price on shares of Estée Lauder Companies in a research note on Monday, December 23rd. Hsbc Global Res cut Estée Lauder Companies from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, October 16th. CICC Research started coverage on Estée Lauder Companies in a report on Friday, December 27th. They set a "market perform" rating and a $82.00 price target for the company. Finally, JPMorgan Chase & Co. raised their target price on Estée Lauder Companies from $74.00 to $79.00 and gave the stock a "neutral" rating in a research report on Thursday. Twenty 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 currently has an average rating of "Hold" and an average price target of $93.55.
View Our Latest Report on EL
Institutional Investors Weigh In On Estée Lauder Companies
A number of institutional investors and hedge funds have recently modified their holdings of EL. Eagle Bay Advisors LLC grew its holdings in Estée Lauder Companies by 297.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 401 shares of the company's stock valued at $30,000 after purchasing an additional 300 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of Estée Lauder Companies in the 3rd quarter worth about $31,000. Kimelman & Baird LLC acquired a new stake in Estée Lauder Companies in the 2nd quarter valued at about $32,000. MassMutual Private Wealth & Trust FSB increased its holdings in Estée Lauder Companies by 42.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company's stock valued at $36,000 after acquiring an additional 141 shares in the last quarter. Finally, Ecofi Investissements SA acquired a new position in Estée Lauder Companies during the second quarter worth about $53,000. Institutional investors and hedge funds own 55.15% of the company's stock.
About Representative Hern
Kevin Hern (Republican Party) is a member of the U.S. House, representing Oklahoma's 1st Congressional District. He assumed office on November 13, 2018. His current term ends on January 3, 2025. Hern (Republican Party) is running for re-election to the U.S. House to represent Oklahoma's 1st Congressional District. He declared candidacy for the 2024 election. Before running for Congress, Hern was a McDonald's franchisee and served on the McDonald's National Leadership Team. Hern went into business as a McDonald's franchisee in 1999. He acquired 10 McDonald's franchises by 2012. He served on the McDonald's National Leadership Team for 13 years, including the tax policy team, the insurance corporation, and as chairman of the economics team. From 2011 to 2015, he was chairman of the finance committee of the Oklahoma Turnpike Authority.
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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