Key Points
- Director Paul Fribourg sold 2,406 Estée Lauder shares at an average price of $115.10, worth about $276,931. He retained 323,922 shares after the sale.
- For its latest quarter, the company reported EPS of $0.72, beating the $0.51 consensus estimate, while revenue rose 6.7% year over year to $3.72 billion.
- Analysts’ average price target was $110.73, with a “Moderate Buy” consensus rating; the company also announced a quarterly dividend of $0.35 per share.
The Estee Lauder Companies Inc. (NYSE:EL - Get Free Report) Director Paul Fribourg sold 2,406 shares of the firm's stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $115.10, for a total transaction of $276,930.60. Following the sale, the director directly owned 323,922 shares of the company's stock, valued at $37,283,422.20. The trade was a 0.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Estee Lauder Companies Stock Up 0.1%
EL stock opened at $113.31 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 0.91 and a debt-to-equity ratio of 1.67. The firm has a 50 day simple moving average of $101.14 and a 200-day simple moving average of $91.68. The company has a market capitalization of $41.06 billion, a P/E ratio of 113.31, a PEG ratio of 1.52 and a beta of 1.23. The Estee Lauder Companies Inc. has a twelve month low of $66.22 and a twelve month high of $121.64.
Estee Lauder Companies (NYSE:EL - Get Free Report) last posted its quarterly earnings results on Monday, November 2nd. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.21. Estee Lauder Companies had a net margin of 2.41% and a return on equity of 26.99%. The firm had revenue of $3.72 billion for the quarter, compared to analysts' expectations of $3.65 billion. During the same period in the prior year, the company posted $0.32 earnings per share. The firm's quarterly revenue was up 6.7% on a year-over-year basis. On average, equities research analysts predict that The Estee Lauder Companies Inc. will post 3.43 earnings per share for the current fiscal year.
Estee Lauder Companies Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be given a $0.35 dividend. The ex-dividend date of this dividend is Monday, November 30th. This represents a $1.40 annualized dividend and a dividend yield of 1.2%. Estee Lauder Companies's payout ratio is presently 140.00%.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on EL shares. Telsey Advisory Group upped their target price on shares of Estee Lauder Companies from $90.00 to $108.00 and gave the company a "market perform" rating in a research note on Thursday, August 20th. Daiwa Securities Group lifted their price target on Estee Lauder Companies from $83.00 to $99.00 in a research note on Tuesday, August 25th. Weiss Ratings raised Estee Lauder Companies from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, October 27th. TD Cowen boosted their price objective on Estee Lauder Companies from $100.00 to $115.00 and gave the company a "hold" rating in a report on Friday, October 30th. Finally, Argus upped their price objective on Estee Lauder Companies from $100.00 to $125.00 and gave the company a "buy" rating in a research note on Friday, August 28th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Estee Lauder Companies has an average rating of "Moderate Buy" and an average price target of $110.73.
Check Out Our Latest Stock Analysis on Estee Lauder Companies
Hedge Funds Weigh In On Estee Lauder Companies
Hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its holdings in shares of Estee Lauder Companies by 950.9% during the first quarter. Bank of America Corp DE now owns 13,843,765 shares of the company's stock worth $993,567,000 after purchasing an additional 12,526,471 shares during the period. Ninety One UK Ltd bought a new stake in shares of Estee Lauder Companies during the 3rd quarter valued at about $134,551,000. KBC Group NV grew its position in shares of Estee Lauder Companies by 910.3% during the 1st quarter. KBC Group NV now owns 707,692 shares of the company's stock valued at $50,792,000 after buying an additional 637,641 shares during the last quarter. Amundi grew its position in shares of Estee Lauder Companies by 33.8% during the 1st quarter. Amundi now owns 1,909,911 shares of the company's stock valued at $137,074,000 after buying an additional 482,185 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in Estee Lauder Companies by 1,629.2% during the second quarter. Assenagon Asset Management S.A. now owns 412,570 shares of the company's stock worth $32,572,000 after acquiring an additional 388,711 shares during the period. Institutional investors and hedge funds own 55.15% of the company's stock.
Trending Headlines about Estee Lauder Companies
Here are the key news stories impacting Estee Lauder Companies this week:
- Positive Sentiment: Citigroup raised its price target to $132 from $121 and reiterated a Buy rating, citing potential upside as the company works to improve sales and margins. Citigroup rating information
- Positive Sentiment: Analysts see Estée Lauder’s China business strengthening, a potential boost to its turnaround and prospects for higher sales and margins. Barron's article on China's contribution to the turnaround
- Neutral Sentiment: The company unveiled a “Mastering Skin Longevity” skincare platform, signaling a focus on product innovation; the report provides no sales or financial impact estimate. Yahoo Finance article on the skincare platform
- Negative Sentiment: Director Paul Fribourg has reported several recent share sales, including 2,406 shares on Nov. 9 and larger transactions earlier in the month. Repeated insider selling may concern investors, though it does not necessarily signal a change in the company’s outlook. SEC filing reporting a director share sale
Estee Lauder Companies Company Profile
(
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.
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