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 transaction of $3,612,377.12. Following the sale, the executive vice president now directly owns 31,649 shares in the company, valued at approximately $6,513,680.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
NYSE:EL traded down $1.63 during trading hours on Monday, hitting $205.40. 1,708,542 shares of the company were exchanged, compared to its average volume of 1,713,262. The stock has a market capitalization of $73.95 billion, a price-to-earnings ratio of 38.46, a price-to-earnings-growth ratio of 2.62 and a beta of 0.78. Estee Lauder Companies Inc has a one year low of $121.47 and a one year high of $207.50. The company has a fifty day simple moving average of $191.58 and a 200 day simple moving average of $175.46. The company has a current ratio of 1.57, a quick ratio of 1.13 and a debt-to-equity ratio of 0.66.
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 analysts’ consensus estimates of $0.53 by $0.11. The firm had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.53 billion. Estee Lauder Companies had a return on equity of 44.43% and a net margin of 12.01%. The business’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.61 EPS. Equities research analysts predict that Estee Lauder Companies Inc will post 5.99 earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the stock. FMR LLC increased its stake in shares of Estee Lauder Companies by 10.9% in the 1st quarter. FMR LLC now owns 17,499,760 shares of the company’s stock valued at $2,897,086,000 after acquiring an additional 1,724,423 shares in the last quarter. Vanguard Group Inc. grew its holdings in Estee Lauder Companies by 2.0% in the second quarter. Vanguard Group Inc. now owns 17,300,612 shares of the company’s stock worth $3,167,915,000 after purchasing an additional 334,467 shares during the period. Jennison Associates LLC grew its holdings in Estee Lauder Companies by 6.2% in the first quarter. Jennison Associates LLC now owns 7,412,572 shares of the company’s stock worth $1,227,151,000 after purchasing an additional 435,327 shares during the period. Edgewood Management LLC increased its stake in Estee Lauder Companies by 1.1% in the second quarter. Edgewood Management LLC now owns 6,896,949 shares of the company’s stock valued at $1,262,900,000 after purchasing an additional 71,860 shares in the last quarter. Finally, Fundsmith LLP increased its stake in Estee Lauder Companies by 5.6% in the first quarter. Fundsmith LLP now owns 6,631,703 shares of the company’s stock valued at $1,097,878,000 after purchasing an additional 349,306 shares in the last quarter. 54.94% of the stock is currently owned by institutional investors.
Several research analysts have recently issued reports on the stock. Piper Jaffray Companies upped their price target on shares of Estee Lauder Companies from $178.00 to $187.00 and gave the stock an “overweight” rating in a report on Monday, August 12th. Citigroup raised their price objective on Estee Lauder Companies from $197.00 to $231.00 and gave the company a “buy” rating in a report on Tuesday, August 20th. DA Davidson boosted their price objective 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. Credit Suisse Group boosted their price objective on Estee Lauder Companies from $185.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 20th. Finally, Royal Bank of Canada upped their target price on Estee Lauder Companies to $200.00 in a report on Tuesday, August 20th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seventeen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price 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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