Estee Lauder Companies Inc (NYSE:EL) CEO Fabrizio Freda sold 28,819 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $206.51, for a total value of $5,951,411.69. Following the transaction, the chief executive officer now directly owns 93,360 shares of the company’s stock, valued at $19,279,773.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Shares of EL opened at $197.27 on Thursday. The company has a current ratio of 1.57, a quick ratio of 1.13 and a debt-to-equity ratio of 0.66. The firm has a market cap of $74.10 billion, a PE ratio of 36.94, a price-to-earnings-growth ratio of 2.63 and a beta of 0.78. The company’s 50 day simple moving average is $191.97 and its 200-day simple moving average is $175.87. Estee Lauder Companies Inc has a 12-month low of $121.47 and a 12-month high of $207.50.
Estee Lauder Companies (NYSE:EL) last released its quarterly earnings results on Monday, August 19th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.53 by $0.11. The firm had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.53 billion. Estee Lauder Companies had a net margin of 12.01% and a return on equity of 44.43%. Estee Lauder Companies’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.61 EPS. As a group, equities research analysts forecast that Estee Lauder Companies Inc will post 5.99 EPS for the current fiscal year.
Several brokerages have recently weighed in on EL. DA Davidson raised their target price on Estee Lauder Companies from $6.00 to $184.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 21st. They noted that the move was a valuation call. Bank of America restated a “buy” rating and set a $220.00 target price (up previously from $205.00) on shares of Estee Lauder Companies in a research note on Monday, August 19th. Wells Fargo & Co upped their price target on Estee Lauder Companies from $175.00 to $190.00 and gave the company a “market perform” rating in a report on Monday, August 19th. Evercore ISI set a $190.00 price target on shares of Estee Lauder Companies and gave the company a “buy” rating in a research note on Monday, August 12th. Finally, Citigroup raised their price objective on shares of Estee Lauder Companies from $197.00 to $231.00 and gave the stock a “buy” rating in a report on Tuesday, August 20th. One analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have assigned a buy rating to the company’s stock. Estee Lauder Companies currently has a consensus rating of “Buy” and a consensus price target of $188.88.
A number of hedge funds and other institutional investors have recently bought and sold shares of EL. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in Estee Lauder Companies by 8.6% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 266,801 shares of the company’s stock valued at $48,854,000 after acquiring an additional 21,060 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd purchased a new position in Estee Lauder Companies in the 2nd quarter valued at $115,836,000. Hancock Whitney Corp grew its position in Estee Lauder Companies by 55.5% in the 2nd quarter. Hancock Whitney Corp now owns 25,778 shares of the company’s stock valued at $4,720,000 after buying an additional 9,203 shares during the last quarter. Toronto Dominion Bank increased its stake in Estee Lauder Companies by 54.4% in the 2nd quarter. Toronto Dominion Bank now owns 245,381 shares of the company’s stock valued at $44,920,000 after buying an additional 86,500 shares during the period. Finally, Atria Investments LLC increased its stake in Estee Lauder Companies by 41.4% in the 2nd quarter. Atria Investments LLC now owns 12,290 shares of the company’s stock valued at $2,176,000 after buying an additional 3,598 shares during the period. Institutional investors own 54.94% of the company’s stock.
Estee Lauder Companies Company Profile
The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.
See Also: Net Income
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