The Estée Lauder Companies Inc. (NYSE:EL – Get Rating) CEO Fabrizio Freda sold 11,705 shares of the company’s stock in a transaction on Monday, January 23rd. The stock was sold at an average price of $270.00, for a total transaction of $3,160,350.00. Following the transaction, the chief executive officer now owns 125,762 shares of the company’s stock, valued at approximately $33,955,740. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Estée Lauder Companies Trading Up 0.8 %
Shares of EL stock traded up $2.24 during trading hours on Tuesday, hitting $276.73. 446,012 shares of the company were exchanged, compared to its average volume of 1,351,887. The firm has a market cap of $98.74 billion, a PE ratio of 45.82, a PEG ratio of 5.15 and a beta of 0.95. The Estée Lauder Companies Inc. has a 1 year low of $186.47 and a 1 year high of $324.70. The company has a quick ratio of 1.11, a current ratio of 1.68 and a debt-to-equity ratio of 0.93. The firm has a fifty day moving average of $244.09 and a 200 day moving average of $241.51.
Estée Lauder Companies (NYSE:EL – Get Rating) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.08. The business had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.92 billion. Estée Lauder Companies had a net margin of 12.66% and a return on equity of 41.46%. Analysts expect that The Estée Lauder Companies Inc. will post 5.4 earnings per share for the current year.
Estée Lauder Companies Increases Dividend
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on EL shares. TheStreet raised shares of Estée Lauder Companies from a “c+” rating to a “b-” rating in a research note on Friday. Canaccord Genuity Group started coverage on shares of Estée Lauder Companies in a research note on Thursday, November 17th. They set a “hold” rating and a $228.00 price target on the stock. Morgan Stanley upped their price target on shares of Estée Lauder Companies from $271.00 to $281.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 17th. Telsey Advisory Group lowered their price target on shares of Estée Lauder Companies from $377.00 to $275.00 and set an “outperform” rating on the stock in a research note on Thursday, November 3rd. Finally, Piper Sandler upped their price target on shares of Estée Lauder Companies from $255.00 to $290.00 in a research note on Tuesday, January 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Estée Lauder Companies presently has a consensus rating of “Moderate Buy” and an average target price of $269.48.
Institutional Trading of Estée Lauder Companies
Large investors have recently bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich grew its position in shares of Estée Lauder Companies by 24.2% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 855,780 shares of the company’s stock worth $212,328,000 after buying an additional 166,643 shares in the last quarter. Park Avenue Securities LLC grew its position in shares of Estée Lauder Companies by 48.0% during the fourth quarter. Park Avenue Securities LLC now owns 3,312 shares of the company’s stock worth $822,000 after buying an additional 1,074 shares in the last quarter. Xponance Inc. boosted its holdings in Estée Lauder Companies by 11.6% in the fourth quarter. Xponance Inc. now owns 49,959 shares of the company’s stock worth $12,395,000 after purchasing an additional 5,205 shares during the period. Landmark Financial Advisors LLC acquired a new position in Estée Lauder Companies in the fourth quarter worth $209,000. Finally, Meridian Wealth Advisors LLC boosted its holdings in Estée Lauder Companies by 20.5% in the fourth quarter. Meridian Wealth Advisors LLC now owns 11,285 shares of the company’s stock worth $2,800,000 after purchasing an additional 1,916 shares during the period. Institutional investors and hedge funds own 55.74% of the company’s stock.
About Estée Lauder Companies
The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers a range of skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, cleansing devices, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.
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