The Estée Lauder Companies Inc. (NYSE:EL) Director Purchases $4,902,215.00 in Stock

The Estée Lauder Companies Inc. (NYSE:EL) Director Paul J. Fribourg bought 75,500 shares of the company’s stock in a transaction on Monday, November 18th. The stock was bought at an average price of $64.93 per share, for a total transaction of $4,902,215.00. Following the completion of the purchase, the director now directly owns 310,000 shares in the company, valued at approximately $20,128,300. This represents a 32.20 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

Estée Lauder Companies Stock Up 0.0 %

NYSE:EL traded up $0.02 during trading hours on Tuesday, hitting $64.59. 1,782,940 shares of the stock traded hands, compared to its average volume of 3,453,304. The firm has a market cap of $23.19 billion, a price-to-earnings ratio of 115.34, a PEG ratio of 3.85 and a beta of 1.05. The Estée Lauder Companies Inc. has a fifty-two week low of $62.29 and a fifty-two week high of $159.75. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 1.44. The firm has a 50 day moving average price of $84.21 and a 200 day moving average price of $99.84.

Estée Lauder Companies (NYSE:EL) last announced its earnings results on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The firm had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.37 billion. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The company’s revenue was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.11 earnings per share. Equities research analysts anticipate that The Estée Lauder Companies Inc. will post 1.59 earnings per share for the current year.

Estée Lauder Companies Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a dividend of $0.35 per share. The ex-dividend date is Friday, November 29th. This represents a $1.40 annualized dividend and a dividend yield of 2.17%. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 471.43%.

Institutional Trading of Estée Lauder Companies

Several large investors have recently added to or reduced their stakes in EL. Massachusetts Financial Services Co. MA raised its position in Estée Lauder Companies by 79.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company’s stock worth $570,600,000 after purchasing an additional 2,533,006 shares during the last quarter. Marshall Wace LLP boosted its position in shares of Estée Lauder Companies by 3,065.6% during the second quarter. Marshall Wace LLP now owns 1,983,083 shares of the company’s stock worth $211,000,000 after purchasing an additional 1,920,439 shares in the last quarter. Two Sigma Advisers LP raised its position in shares of Estée Lauder Companies by 80.8% during the third quarter. Two Sigma Advisers LP now owns 2,934,200 shares of the company’s stock worth $292,510,000 after purchasing an additional 1,310,900 shares during the period. Van ECK Associates Corp raised its holdings in shares of Estée Lauder Companies by 36.4% during the third quarter. Van ECK Associates Corp now owns 4,041,911 shares of the company’s stock worth $402,938,000 after acquiring an additional 1,078,926 shares during the period. Finally, Independent Franchise Partners LLP boosted its position in shares of Estée Lauder Companies by 44.4% during the second quarter. Independent Franchise Partners LLP now owns 3,466,048 shares of the company’s stock worth $368,788,000 after buying an additional 1,066,320 shares during the period. 55.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

EL has been the subject of a number of recent analyst reports. Bank of America lowered their target price on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Royal Bank of Canada decreased their price target on Estée Lauder Companies from $131.00 to $100.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Evercore ISI cut their price target on Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating for the company in a research note on Tuesday, August 20th. The Goldman Sachs Group dropped their target price on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Finally, Piper Sandler upped their target price on shares of Estée Lauder Companies from $114.00 to $122.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Nineteen research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Estée Lauder Companies currently has a consensus rating of “Hold” and a consensus target price of $100.90.

Estée Lauder Companies Company Profile

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, and powders, as well as compacts, brushes, and other makeup tools.