Estee Lauder Companies (NYSE:EL) Reaches New 1-Year High at $187.30

Estee Lauder Companies Inc (NYSE:EL) hit a new 52-week high on Friday . The stock traded as high as $187.30 and last traded at $186.85, with a volume of 104453 shares. The stock had previously closed at $186.08.

Several brokerages have weighed in on EL. Raymond James restated a “buy” rating and set a $21.00 price target on shares of Colfax in a report on Thursday, May 2nd. Morgan Stanley set a CHF 104 price target on Nestlé and gave the stock a “buy” rating in a report on Tuesday, March 19th. Royal Bank of Canada set a $42.00 price target on Devon Energy and gave the stock a “hold” rating in a report on Thursday, May 2nd. Oppenheimer began coverage on Focus Financial Partners in a report on Monday, April 8th. They set an “outperform” rating and a $48.00 price target on the stock. Finally, Citigroup downgraded BCE from a “buy” rating to a “neutral” rating in a report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $170.82.

The firm has a market cap of $67.72 billion, a price-to-earnings ratio of 41.62, a PEG ratio of 2.47 and a beta of 0.82. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.26 and a current ratio of 1.69. The company’s fifty day moving average price is $176.61.

Estee Lauder Companies (NYSE:EL) last released its quarterly earnings data on Wednesday, May 1st. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.25. The business had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.56 billion. Estee Lauder Companies had a return on equity of 43.52% and a net margin of 12.45%. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.17 EPS. As a group, analysts forecast that Estee Lauder Companies Inc will post 5.21 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, May 31st were paid a dividend of $0.43 per share. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $1.72 dividend on an annualized basis and a yield of 0.92%. Estee Lauder Companies’s dividend payout ratio is presently 38.14%.

In other news, Director Lynn Forester sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $172.48, for a total value of $1,724,800.00. Following the completion of the sale, the director now directly owns 14,000 shares of the company’s stock, valued at approximately $2,414,720. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Fabrizio Freda sold 99,495 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $167.13, for a total value of $16,628,599.35. Following the completion of the sale, the insider now directly owns 101,893 shares of the company’s stock, valued at $17,029,377.09. The disclosure for this sale can be found here. Insiders have sold a total of 3,036,232 shares of company stock worth $505,105,319 in the last 90 days. 16.13% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. FMR LLC grew its position in shares of Estee Lauder Companies by 10.9% in the first quarter. FMR LLC now owns 17,499,760 shares of the company’s stock valued at $2,897,086,000 after purchasing an additional 1,724,423 shares during the period. Jennison Associates LLC grew its position in shares of Estee Lauder Companies by 6.2% in the first quarter. Jennison Associates LLC now owns 7,412,572 shares of the company’s stock valued at $1,227,151,000 after purchasing an additional 435,327 shares during the period. Fundsmith LLP grew its position in shares of 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 during the period. Northern Trust Corp grew its position in shares of Estee Lauder Companies by 0.6% in the first quarter. Northern Trust Corp now owns 3,676,755 shares of the company’s stock valued at $608,686,000 after purchasing an additional 23,703 shares during the period. Finally, Bank of America Corp DE grew its position in shares of Estee Lauder Companies by 1.5% in the fourth quarter. Bank of America Corp DE now owns 2,389,492 shares of the company’s stock valued at $310,874,000 after purchasing an additional 34,882 shares during the period. 54.19% of the stock is owned by institutional investors.

Estee Lauder Companies Company Profile (NYSE:EL)

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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