Estee Lauder Companies (EL) Shares Gap Down to $125.30
Estee Lauder Companies Inc (NYSE:EL)’s share price gapped down prior to trading on Friday . The stock had previously closed at $128.05, but opened at $125.30. Estee Lauder Companies shares last traded at $125.99, with a volume of 40537 shares traded.
A number of brokerages have commented on EL. Wells Fargo & Co downgraded Estee Lauder Companies from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $165.00 to $135.00 in a research note on Thursday. They noted that the move was a valuation call. Goldman Sachs Group downgraded Estee Lauder Companies from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $171.00 to $116.00 in a research report on Tuesday. Citigroup upgraded Estee Lauder Companies from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $145.00 to $155.00 in a research report on Wednesday, January 2nd. Piper Jaffray Companies reiterated a “buy” rating and set a $151.00 price objective on shares of Estee Lauder Companies in a research report on Monday, December 31st. Finally, Jefferies Financial Group set a $131.00 price objective on Estee Lauder Companies and gave the stock a “hold” rating in a research report on Friday, December 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $149.92.
The firm has a market cap of $46.38 billion, a PE ratio of 27.88, a price-to-earnings-growth ratio of 2.21 and a beta of 0.71. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.75 and a quick ratio of 1.28.
The company also recently announced a quarterly dividend, which was paid on Monday, December 17th. Shareholders of record on Friday, November 30th were paid a dividend of $0.43 per share. This is an increase from Estee Lauder Companies’s previous quarterly dividend of $0.38. This represents a $1.72 annualized dividend and a yield of 1.36%. The ex-dividend date was Thursday, November 29th. Estee Lauder Companies’s payout ratio is 38.14%.
In other news, EVP Michael O’hare sold 3,575 shares of the business’s stock in a transaction on Thursday, November 1st. The shares were sold at an average price of $140.58, for a total transaction of $502,573.50. Following the transaction, the executive vice president now directly owns 7,645 shares in the company, valued at approximately $1,074,734.10. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider John Demsey sold 10,010 shares of the business’s stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $143.50, for a total transaction of $1,436,435.00. Following the transaction, the insider now owns 21,402 shares in the company, valued at $3,071,187. The disclosure for this sale can be found here. Over the last three months, insiders have sold 315,510 shares of company stock worth $44,856,835. Company insiders own 16.13% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Visionary Asset Management Inc. acquired a new position in Estee Lauder Companies during the 4th quarter worth $266,000. New England Research & Management Inc. lifted its position in Estee Lauder Companies by 118.0% during the 4th quarter. New England Research & Management Inc. now owns 15,150 shares of the company’s stock worth $1,971,000 after acquiring an additional 8,200 shares during the last quarter. Vision Capital Management Inc. lifted its position in Estee Lauder Companies by 0.7% during the 4th quarter. Vision Capital Management Inc. now owns 37,992 shares of the company’s stock worth $4,943,000 after acquiring an additional 246 shares during the last quarter. Copper Rock Capital Partners LLC lifted its position in Estee Lauder Companies by 53.4% during the 4th quarter. Copper Rock Capital Partners LLC now owns 111,380 shares of the company’s stock worth $14,319,000 after acquiring an additional 38,766 shares during the last quarter. Finally, Highwater Wealth Management LLC acquired a new position in Estee Lauder Companies during the 4th quarter worth $89,000. Institutional investors and hedge funds own 54.42% of the company’s stock.
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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