Fabrizio Freda Sells 28,819 Shares of Estee Lauder Companies Inc (NYSE:EL) Stock

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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.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 0.87%. The ex-dividend date is Thursday, August 29th. Estee Lauder Companies’s payout ratio is currently 32.21%.

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

Insider Buying and Selling by Quarter for Estee Lauder Companies (NYSE:EL)

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