Estee Lauder Companies Inc (NYSE:EL) EVP Carl P. Haney Sells 17,552 Shares

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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.

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

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

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