Investors Buy Estee Lauder Companies (EL) on Weakness
Traders bought shares of Estee Lauder Companies, Inc. (The) (NYSE:EL) on weakness during trading on Tuesday. $55.60 million flowed into the stock on the tick-up and $35.06 million flowed out of the stock on the tick-down, for a money net flow of $20.54 million into the stock. Of all equities tracked, Estee Lauder Companies had the 28th highest net in-flow for the day. Estee Lauder Companies traded down ($0.52) for the day and closed at $124.95
EL has been the topic of a number of recent research reports. Argus raised their target price on Estee Lauder Companies from $125.00 to $142.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Bank of America raised their price target on Estee Lauder Companies from $115.00 to $122.00 and gave the company a “buy” rating in a report on Friday, October 13th. Sanford C. Bernstein reissued an “outperform” rating and set a $117.00 price target on shares of Estee Lauder Companies in a report on Tuesday, August 29th. Jefferies Group set a $140.00 price target on Estee Lauder Companies and gave the company a “buy” rating in a report on Friday, December 1st. Finally, DA Davidson reissued a “hold” rating and set a $125.00 price target on shares of Estee Lauder Companies in a report on Thursday, November 2nd. They noted that the move was a valuation call. Seven investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $118.14.
The stock has a market cap of $46,011.09, a PE ratio of 32.46, a P/E/G ratio of 2.41 and a beta of 0.71. The company has a quick ratio of 1.27, a current ratio of 1.75 and a debt-to-equity ratio of 0.71.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be paid a $0.38 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $1.52 annualized dividend and a yield of 1.19%. This is an increase from Estee Lauder Companies’s previous quarterly dividend of $0.34. Estee Lauder Companies’s dividend payout ratio (DPR) is presently 41.08%.
In other news, EVP Gregory Polcer sold 2,730 shares of Estee Lauder Companies stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $108.11, for a total transaction of $295,140.30. Following the completion of the sale, the executive vice president now owns 70,309 shares of the company’s stock, valued at $7,601,105.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Demsey sold 10,143 shares of Estee Lauder Companies stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $120.03, for a total transaction of $1,217,464.29. Following the sale, the insider now directly owns 22,962 shares of the company’s stock, valued at approximately $2,756,128.86. The disclosure for this sale can be found here. In the last three months, insiders sold 1,526,646 shares of company stock valued at $190,321,370. 16.24% of the stock is owned by insiders.
Large investors have recently modified their holdings of the stock. Swiss National Bank raised its stake in Estee Lauder Companies by 3.1% in the second quarter. Swiss National Bank now owns 812,196 shares of the company’s stock worth $77,955,000 after buying an additional 24,600 shares in the last quarter. Prudential Financial Inc. grew its holdings in Estee Lauder Companies by 3.5% in the second quarter. Prudential Financial Inc. now owns 323,600 shares of the company’s stock worth $31,060,000 after purchasing an additional 10,921 shares during the last quarter. Comgest Global Investors S.A.S. purchased a new position in Estee Lauder Companies in the second quarter worth $2,266,000. Clinton Group Inc. purchased a new position in Estee Lauder Companies in the second quarter worth $529,000. Finally, JPMorgan Chase & Co. grew its holdings in Estee Lauder Companies by 146.4% in the second quarter. JPMorgan Chase & Co. now owns 1,301,975 shares of the company’s stock worth $124,963,000 after purchasing an additional 773,666 shares during the last quarter. 53.86% of the stock is owned by institutional investors.
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About Estee Lauder Companies
The Estee Lauder Companies Inc manufactures and markets skin care, makeup, fragrance and hair care products. The Company offers products, including skin care, makeup, fragrance, hair care and other. The Company operates in beauty products segment. The Company’s products are sold in over 150 countries and territories under brand names, including Estee Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, MAC, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frederic Malle, GLAMGLOW, By Kilian, BECCA and Too Faced.
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