Estee Lauder Companies (NYSE:EL) Director Paul Fribourg Sells 20,972 Shares of Company Stock

The Estee Lauder Companies Inc. (NYSE:EL) Director Paul Fribourg sold 20,972 shares of the stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $111.98, for a total value of $2,348,444.56. Following the sale, the director owned 396,328 shares of the company’s stock, valued at $44,380,809.44. This represents a 5.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Estee Lauder Companies Stock Up 2.8%

Shares of EL opened at $113.16 on Tuesday. The business’s 50 day moving average is $100.93 and its 200 day moving average is $91.71. The company has a current ratio of 1.25, a quick ratio of 0.90 and a debt-to-equity ratio of 1.67. The Estee Lauder Companies Inc. has a 12-month low of $66.22 and a 12-month high of $121.64. The company has a market capitalization of $40.94 billion, a PE ratio of 38.50, a price-to-earnings-growth ratio of 1.51 and a beta of 1.23.

Estee Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Monday, November 2nd. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.21. Estee Lauder Companies had a net margin of 2.41% and a return on equity of 26.99%. The business had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same period last year, the firm posted $0.32 EPS. The company’s revenue was up 6.7% on a year-over-year basis. Research analysts expect that The Estee Lauder Companies Inc. will post 3.43 earnings per share for the current fiscal year.

Estee Lauder Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, November 30th. This represents a $1.40 dividend on an annualized basis and a yield of 1.2%. Estee Lauder Companies’s dividend payout ratio is presently 140.00%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Weiss Ratings raised shares of Estee Lauder Companies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, October 27th. Morgan Stanley upped their price target on shares of Estee Lauder Companies from $112.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 3rd. CICC Research raised Estee Lauder Companies from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $65.00 to $122.00 in a report on Monday, August 31st. TD Cowen raised their target price on Estee Lauder Companies from $100.00 to $115.00 and gave the stock a “hold” rating in a research note on Friday, October 30th. Finally, Royal Bank Of Canada increased their price objective on Estee Lauder Companies from $120.00 to $126.00 and gave the company an “outperform” rating in a report on Tuesday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.31.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Allworth Financial LP increased its holdings in Estee Lauder Companies by 11.3% in the 3rd quarter. Allworth Financial LP now owns 2,098 shares of the company’s stock worth $195,000 after acquiring an additional 213 shares in the last quarter. Legacy Trust boosted its position in Estee Lauder Companies by 1.1% during the third quarter. Legacy Trust now owns 29,132 shares of the company’s stock worth $2,703,000 after acquiring an additional 304 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of Estee Lauder Companies by 1.6% in the third quarter. Fifth Third Bancorp now owns 39,061 shares of the company’s stock valued at $3,624,000 after purchasing an additional 633 shares during the last quarter. King Luther Capital Management Corp increased its stake in shares of Estee Lauder Companies by 0.9% in the 3rd quarter. King Luther Capital Management Corp now owns 38,621 shares of the company’s stock worth $3,583,000 after acquiring an additional 348 shares during the last quarter. Finally, Maryland State Retirement & Pension System raised its stake in Estee Lauder Companies by 16.8% during the third quarter. Maryland State Retirement & Pension System now owns 15,304 shares of the company’s stock worth $1,420,000 after purchasing an additional 2,204 shares during the period. Institutional investors and hedge funds own 55.15% of the company’s stock.

Estee Lauder Companies Company Profile

The Estée Lauder Companies Inc is a global prestige beauty company founded in 1946 by Estée and Joseph Lauder. Based in New York City, it develops, markets and sells beauty products under a portfolio of brands, including Estée Lauder, Clinique, M·A·C, La Mer, Aveda and Jo Malone London.

The company’s products span skin care, makeup, fragrance and hair care. It reaches consumers through department stores, specialty retailers, its own stores and websites, and other online and travel-retail channels.

The Estée Lauder Companies serves customers in more than 150 countries and territories.