Key Points
- Director Paul Fribourg sold 70,000 shares for $7.71 million at an average price of $110.21, reducing his direct stake by 17.66% to 326,328 shares.
- Estee Lauder reported quarterly EPS of $0.72, beating the $0.51 consensus, while revenue of $3.72 billion exceeded estimates and rose 6.7% year over year.
- The company declared a quarterly dividend of $0.35 per share, equivalent to $1.40 annually and a 1.2% yield.
The Estee Lauder Companies Inc. (NYSE:EL - Get Free Report) Director Paul Fribourg sold 20,972 shares of the firm's stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $111.98, for a total value of $2,348,444.56. Following the transaction, the director owned 396,328 shares of the company's stock, valued at approximately $44,380,809.44. This represents a 5.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Estee Lauder Companies Price Performance
EL opened at $113.16 on Tuesday. The stock's 50-day moving average price is $100.93 and its 200 day moving average price is $91.71. The Estee Lauder Companies Inc. has a 12-month low of $66.22 and a 12-month high of $121.64. The firm has a market cap of $40.94 billion, a price-to-earnings ratio of 38.50, a PEG ratio of 1.51 and a beta of 1.23. The company has a current ratio of 1.25, a quick ratio of 0.90 and a debt-to-equity ratio of 1.67.
Estee Lauder Companies (NYSE:EL - Get Free Report) last released its earnings results on Monday, November 2nd. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.21. The company had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.65 billion. Estee Lauder Companies had a return on equity of 26.99% and a net margin of 2.41%. Estee Lauder Companies's revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.32 EPS. As a group, sell-side analysts expect that The Estee Lauder Companies Inc. will post 3.43 earnings per share for the current year.
Estee Lauder Companies Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be issued a $0.35 dividend. The ex-dividend date is Monday, November 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.2%. Estee Lauder Companies's payout ratio is 140.00%.
Hedge Funds Weigh In On Estee Lauder Companies
A number of institutional investors and hedge funds have recently modified their holdings of the company. Trust Co. of Vermont purchased a new position in Estee Lauder Companies in the second quarter valued at $28,000. Kozak & Associates Inc. acquired a new position in shares of Estee Lauder Companies during the 2nd quarter worth about $30,000. IFP Advisors Inc boosted its position in shares of Estee Lauder Companies by 35.2% during the 2nd quarter. IFP Advisors Inc now owns 415 shares of the company's stock worth $33,000 after acquiring an additional 108 shares in the last quarter. Meeder Asset Management Inc. increased its holdings in shares of Estee Lauder Companies by 1,732.5% in the 1st quarter. Meeder Asset Management Inc. now owns 733 shares of the company's stock valued at $53,000 after acquiring an additional 693 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of Estee Lauder Companies by 37.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,349 shares of the company's stock worth $97,000 after acquiring an additional 370 shares in the last quarter. Institutional investors and hedge funds own 55.15% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on the stock. TD Cowen upped their target price on shares of Estee Lauder Companies from $100.00 to $115.00 and gave the stock a "hold" rating in a research note on Friday, October 30th. Jefferies Financial Group boosted their price target on shares of Estee Lauder Companies from $100.00 to $120.00 and gave the stock a "hold" rating in a research note on Monday, October 19th. Wall Street Zen raised Estee Lauder Companies from a "hold" rating to a "buy" rating in a research report on Saturday. Citigroup increased their price objective on Estee Lauder Companies from $115.00 to $121.00 and gave the company a "buy" rating in a research note on Tuesday, November 3rd. Finally, Sanford C. Bernstein increased their price objective on Estee Lauder Companies from $82.00 to $106.00 and gave the company a "market perform" rating in a research note on Thursday, August 20th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $110.31.
View Our Latest Stock Report on EL
About Estee Lauder Companies
(
Get Free Report)
The Estée Lauder Companies Inc is a global prestige beauty company founded in 1946 by Estée and Joseph Lauder. Based in New York City, it develops, markets and sells beauty products under a portfolio of brands, including Estée Lauder, Clinique, M·A·C, La Mer, Aveda and Jo Malone London.
The company's products span skin care, makeup, fragrance and hair care. It reaches consumers through department stores, specialty retailers, its own stores and websites, and other online and travel-retail channels.
The Estée Lauder Companies serves customers in more than 150 countries and territories.
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