Estee Lauder Companies (NYSE:EL) Director Sells $510,235.11 in Stock

The Estee Lauder Companies Inc. (NYSE:EL) Director Barry Sternlicht sold 4,697 shares of the business’s stock in a transaction dated Friday, November 6th. The stock was sold at an average price of $108.63, for a total value of $510,235.11. Following the completion of the transaction, the director directly owned 34,812 shares of the company’s stock, valued at approximately $3,781,627.56. This trade represents a 11.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Estee Lauder Companies Stock Performance

EL traded up $2.57 during midday trading on Friday, hitting $110.22. 3,839,819 shares of the company traded hands, compared to its average volume of 3,817,724. The company’s 50-day moving average is $100.65 and its 200 day moving average is $91.75. The company has a quick ratio of 0.90, a current ratio of 1.25 and a debt-to-equity ratio of 1.67. The firm has a market capitalization of $39.88 billion, a PE ratio of 110.22, a price-to-earnings-growth ratio of 1.51 and a beta of 1.23. The Estee Lauder Companies Inc. has a 52 week low of $66.22 and a 52 week high of $121.64.

Estee Lauder Companies (NYSE:EL) last announced its quarterly earnings results on Monday, November 2nd. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.21. Estee Lauder Companies had a net margin of 2.41% and a return on equity of 26.99%. The firm had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same period in the previous year, the business posted $0.32 earnings per share. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. On average, research analysts expect that The Estee Lauder Companies Inc. will post 3.42 EPS for the current year.

Estee Lauder Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be issued a $0.35 dividend. The ex-dividend date is Monday, November 30th. This represents a $1.40 annualized dividend and a yield of 1.3%. Estee Lauder Companies’s dividend payout ratio (DPR) is currently 140.00%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on EL. Daiwa Securities Group boosted their target price on shares of Estee Lauder Companies from $83.00 to $99.00 in a research note on Tuesday, August 25th. Deutsche Bank Aktiengesellschaft raised their price target on Estee Lauder Companies from $108.00 to $117.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Piper Sandler lifted their price objective on Estee Lauder Companies from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, October 23rd. Zacks Research lowered Estee Lauder Companies from a “strong-buy” rating to a “hold” rating in a report on Friday, July 10th. Finally, Barclays upped their price objective on Estee Lauder Companies from $108.00 to $126.00 and gave the company an “overweight” rating in a research report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Estee Lauder Companies currently has an average rating of “Moderate Buy” and a consensus price target of $110.31.

Hedge Funds Weigh In On Estee Lauder Companies

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE increased its holdings in Estee Lauder Companies by 950.9% during the first quarter. Bank of America Corp DE now owns 13,843,765 shares of the company’s stock valued at $993,567,000 after buying an additional 12,526,471 shares during the last quarter. Amundi raised its position in Estee Lauder Companies by 33.8% in the first quarter. Amundi now owns 1,909,911 shares of the company’s stock worth $137,074,000 after acquiring an additional 482,185 shares during the period. Robeco Institutional Asset Management B.V. raised its position in Estee Lauder Companies by 26.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,827,512 shares of the company’s stock worth $169,538,000 after acquiring an additional 387,596 shares during the period. Ninety One UK Ltd bought a new position in Estee Lauder Companies in the third quarter worth approximately $134,551,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Estee Lauder Companies by 44.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,192,531 shares of the company’s stock worth $85,559,000 after acquiring an additional 365,651 shares during the last quarter. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Estee Lauder Companies Company Profile

The Estée Lauder Companies Inc (NYSE: EL) is a global prestige beauty company that develops, markets and sells skincare, makeup, fragrance and hair-care products. Its portfolio includes brands such as Estée Lauder, Clinique, M·A·C, La Mer, Jo Malone London, Aveda, Bobbi Brown Cosmetics, Tom Ford Beauty, Le Labo and The Ordinary.

Founded in 1946 by Estée and Joseph Lauder, the company began with four skincare products and has expanded into a multinational beauty business. Its products are sold through department and specialty stores, beauty retailers, brand-operated stores, e-commerce platforms, salons, spas and other distribution channels.

The Estée Lauder Companies serves consumers in markets across the Americas, Europe, the Middle East and Africa, and Asia-Pacific.