Key Points
- VP Meridith Webster sold 4,177 Estee Lauder shares at an average price of $112, for total proceeds of $467,824.
- The company reported quarterly EPS of $0.72, beating analysts’ $0.51 estimate, while revenue rose 6.7% year over year to $3.72 billion.
- Analysts hold a “Moderate Buy” consensus rating, with an average price target of $110.73; Estee Lauder also declared a quarterly dividend of $0.35 per share.
The Estee Lauder Companies Inc. (NYSE:EL - Get Free Report) VP Meridith Webster sold 4,177 shares of the company's stock in a transaction on Friday, November 13th. The shares were sold at an average price of $112.00, for a total transaction of $467,824.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Estee Lauder Companies Trading Up 1.1%
Estee Lauder Companies stock traded up $1.19 during mid-day trading on Friday, hitting $111.69. 2,332,022 shares of the company's stock were exchanged, compared to its average volume of 3,881,077. The company's 50 day simple moving average is $101.80 and its 200-day simple moving average is $91.59. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 1.67. The firm has a market capitalization of $40.47 billion, a P/E ratio of 111.69, a PEG ratio of 1.43 and a beta of 1.23. The Estee Lauder Companies Inc. has a fifty-two week low of $66.22 and a fifty-two week high of $121.64.
Estee Lauder Companies (NYSE:EL - Get Free Report) last posted its earnings results on Monday, November 2nd. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.21. Estee Lauder Companies had a return on equity of 26.99% and a net margin of 2.41%. The firm had revenue of $3.72 billion during the quarter, compared to analysts' expectations of $3.65 billion. During the same period in the previous year, the firm earned $0.32 earnings per share. The company's revenue was up 6.7% on a year-over-year basis. On average, equities analysts anticipate that The Estee Lauder Companies Inc. will post 3.44 earnings per share for the current year.
Estee Lauder Companies Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, November 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.3%. Estee Lauder Companies's dividend payout ratio (DPR) is currently 140.00%.
Hedge Funds Weigh In On Estee Lauder Companies
Several hedge funds have recently made changes to their positions in the business. Entropy Technologies LP bought a new stake in shares of Estee Lauder Companies in the third quarter worth $1,352,000. Jump Financial LLC boosted its holdings in Estee Lauder Companies by 1,051.6% during the third quarter. Jump Financial LLC now owns 32,844 shares of the company's stock worth $3,047,000 after purchasing an additional 29,992 shares during the last quarter. Flputnam Investment Management Co. boosted its holdings in Estee Lauder Companies by 17.4% during the third quarter. Flputnam Investment Management Co. now owns 7,162 shares of the company's stock worth $664,000 after purchasing an additional 1,062 shares during the last quarter. Pathstone Holdings LLC grew its position in Estee Lauder Companies by 13.1% in the third quarter. Pathstone Holdings LLC now owns 28,947 shares of the company's stock valued at $2,685,000 after purchasing an additional 3,362 shares in the last quarter. Finally, Marshall Wace LLP grew its position in Estee Lauder Companies by 165.4% in the third quarter. Marshall Wace LLP now owns 154,132 shares of the company's stock valued at $14,299,000 after purchasing an additional 96,065 shares in the last quarter. 55.15% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several equities analysts recently issued reports on EL shares. Berenberg Bank boosted their price objective on Estee Lauder Companies from $84.00 to $92.00 and gave the company a "hold" rating in a research report on Monday, August 24th. Daiwa Securities Group increased their target price on Estee Lauder Companies from $83.00 to $99.00 in a research note on Tuesday, August 25th. Canaccord Genuity Group raised their target price on shares of Estee Lauder Companies from $90.00 to $109.00 and gave the stock a "hold" rating in a report on Thursday, October 22nd. Argus lifted their price target on shares of Estee Lauder Companies from $100.00 to $125.00 and gave the company a "buy" rating in a research note on Friday, August 28th. Finally, Piper Sandler lifted their price target on shares of Estee Lauder Companies from $115.00 to $125.00 and gave the company an "overweight" rating in a research note on Friday, October 23rd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $110.73.
Check Out Our Latest Stock Analysis on EL
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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