Estee Lauder Companies Inc (NYSE:EL) EVP Carl P. Haney sold 17,552 shares of the business’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $205.81, for a total value of $3,612,377.12. Following the transaction, the executive vice president now owns 31,649 shares in the company, valued at $6,513,680.69. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of NYSE:EL opened at $197.27 on Thursday. Estee Lauder Companies Inc has a 12 month low of $121.47 and a 12 month high of $207.50. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.57 and a quick ratio of 1.13. The stock’s 50 day moving average price is $191.97 and its 200 day moving average price is $175.87. The stock has a market cap of $74.10 billion, a price-to-earnings ratio of 36.94, a PEG ratio of 2.63 and a beta of 0.78.
Estee Lauder Companies (NYSE:EL) last released its quarterly earnings results on Monday, August 19th. The company reported $0.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.11. Estee Lauder Companies had a return on equity of 44.43% and a net margin of 12.01%. The business had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.53 billion. During the same quarter last year, the company posted $0.61 EPS. Estee Lauder Companies’s revenue for the quarter was up 9.0% on a year-over-year basis. On average, sell-side analysts expect that Estee Lauder Companies Inc will post 5.99 EPS for the current year.
Several institutional investors have recently added to or reduced their stakes in the company. Comerica Securities Inc. raised its position in shares of Estee Lauder Companies by 509.1% in the 4th quarter. Comerica Securities Inc. now owns 40,557 shares of the company’s stock worth $5,277,000 after buying an additional 33,899 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Estee Lauder Companies by 3.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 538,219 shares of the company’s stock worth $70,019,000 after buying an additional 15,664 shares during the last quarter. Alps Advisors Inc. acquired a new position in Estee Lauder Companies in the first quarter worth $510,000. United Bank boosted its holdings in shares of Estee Lauder Companies by 10.7% in the 1st quarter. United Bank now owns 2,868 shares of the company’s stock valued at $475,000 after buying an additional 277 shares during the period. Finally, Twin Capital Management Inc. boosted its stake in Estee Lauder Companies by 6.0% in the first quarter. Twin Capital Management Inc. now owns 6,177 shares of the company’s stock valued at $1,023,000 after acquiring an additional 350 shares during the period. Institutional investors and hedge funds own 54.94% of the company’s stock.
A number of research analysts have recently weighed in on the company. UBS Group increased their price objective on Estee Lauder Companies from $172.00 to $205.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. Evercore ISI set a $190.00 target price on shares of Estee Lauder Companies and gave the stock a “buy” rating in a research note on Monday, August 12th. DA Davidson lifted their target price on shares of Estee Lauder Companies from $6.00 to $184.00 and gave the company a “neutral” rating in a research report on Wednesday, August 21st. They noted that the move was a valuation call. Deutsche Bank reiterated a “buy” rating and set a $221.00 price target (up from $202.00) on shares of Estee Lauder Companies in a research report on Tuesday, August 20th. Finally, Royal Bank of Canada increased their price objective on shares of Estee Lauder Companies to $200.00 in a report on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have issued a buy rating to the company’s stock. Estee Lauder Companies currently has a consensus rating of “Buy” and an average price target of $188.88.
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.
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