Lande Rashida La Sells 5,564 Shares of Estee Lauder Companies (NYSE:EL) Stock

The Estee Lauder Companies Inc. (NYSE:EL) VP Lande Rashida La sold 5,564 shares of Estee Lauder Companies stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $99.55, for a total value of $553,896.20. Following the completion of the sale, the vice president owned 5,564 shares of the company’s stock, valued at $553,896.20. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Estee Lauder Companies Trading Up 0.3%

NYSE:EL opened at $105.20 on Thursday. The company has a market cap of $38.06 billion, a PE ratio of 214.69, a price-to-earnings-growth ratio of 0.99 and a beta of 1.25. The company has a current ratio of 1.22, a quick ratio of 0.90 and a debt-to-equity ratio of 1.79. The company has a 50 day simple moving average of $85.87 and a two-hundred day simple moving average of $86.29. The Estee Lauder Companies Inc. has a 12 month low of $66.22 and a 12 month high of $121.64.

Estee Lauder Companies (NYSE:EL) last released its quarterly earnings results on Wednesday, August 19th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.32 by $0.07. Estee Lauder Companies had a net margin of 1.21% and a return on equity of 23.52%. The firm had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.55 billion. During the same quarter in the prior year, the firm earned $0.09 EPS. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. Estee Lauder Companies has set its FY 2027 guidance at 3.100-3.350 EPS. Research analysts forecast that The Estee Lauder Companies Inc. will post 3.29 earnings per share for the current year.

Estee Lauder Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a dividend of $0.35 per share. The ex-dividend date is Monday, August 31st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.3%. Estee Lauder Companies’s payout ratio is 285.71%.

Analyst Ratings Changes

EL has been the topic of several recent analyst reports. Telsey Advisory Group lifted their target price on Estee Lauder Companies from $90.00 to $108.00 and gave the company a “market perform” rating in a research note on Thursday, August 20th. Piper Sandler lifted their price objective on shares of Estee Lauder Companies from $95.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, August 20th. Weiss Ratings raised shares of Estee Lauder Companies from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, August 21st. B. Riley Financial restated a “neutral” rating and set a $100.00 target price (up from $85.00) on shares of Estee Lauder Companies in a research report on Thursday, August 20th. Finally, UBS Group raised their target price on shares of Estee Lauder Companies from $86.00 to $106.00 and gave the company a “neutral” rating in a research note on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Estee Lauder Companies has a consensus rating of “Hold” and a consensus price target of $104.67.

Institutional Trading of Estee Lauder Companies

Hedge funds have recently modified their holdings of the company. Groupe la Francaise lifted its position in Estee Lauder Companies by 3,120.0% during the second quarter. Groupe la Francaise now owns 1,610 shares of the company’s stock valued at $126,000 after purchasing an additional 1,560 shares during the last quarter. California State Teachers Retirement System raised its position in shares of Estee Lauder Companies by 6,993.9% during the 2nd quarter. California State Teachers Retirement System now owns 27,438,678 shares of the company’s stock valued at $2,166,284,000 after buying an additional 27,051,883 shares in the last quarter. Varenne Capital Partners bought a new position in shares of Estee Lauder Companies in the 2nd quarter valued at about $28,061,000. HB Wealth Management LLC lifted its holdings in shares of Estee Lauder Companies by 22.5% in the 2nd quarter. HB Wealth Management LLC now owns 5,656 shares of the company’s stock valued at $447,000 after acquiring an additional 1,037 shares during the last quarter. Finally, Saudi Central Bank grew its position in Estee Lauder Companies by 90.7% in the second quarter. Saudi Central Bank now owns 17,305 shares of the company’s stock worth $1,366,000 after acquiring an additional 8,230 shares in the last quarter. 55.15% of the stock is owned by hedge funds and other institutional investors.

About Estee Lauder Companies

Estée Lauder Companies Inc (NYSE: EL) is a global leader in prestige beauty that develops, manufactures and markets a broad portfolio of skincare, makeup, fragrance and hair care products. Founded in 1946 by Estée Lauder, the company has grown from a small family business into a multinational consumer-products enterprise headquartered in New York City. Its activities span product research and development, brand and product marketing, manufacturing and global distribution across multiple retail channels.

The company’s portfolio includes a mix of legacy and prestige brands that target different consumer segments and price points, with well-known names such as Estée Lauder, Clinique, MAC, La Mer and Jo Malone among others.