The Estée Lauder Companies Inc. (NYSE:EL) Director Lynn Forester Sells 3,890 Shares

The Estée Lauder Companies Inc. (NYSE:EL) Director Lynn Forester sold 3,890 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $93.61, for a total value of $364,142.90. Following the completion of the transaction, the director now directly owns 15,209 shares of the company’s stock, valued at $1,423,714.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Estée Lauder Companies Price Performance

EL stock traded up $0.97 during midday trading on Monday, hitting $94.67. 1,993,878 shares of the stock were exchanged, compared to its average volume of 3,067,186. The stock’s 50-day moving average price is $100.83 and its 200-day moving average price is $125.84. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.15 and a current ratio of 1.58. The stock has a market cap of $33.95 billion, a price-to-earnings ratio of 53.46, a PEG ratio of 1.79 and a beta of 0.99. The Estée Lauder Companies Inc. has a fifty-two week low of $86.05 and a fifty-two week high of $165.76.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings results on Monday, August 19th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.39. Estée Lauder Companies had a return on equity of 13.08% and a net margin of 4.18%. The business had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.80 billion. During the same quarter in the previous year, the company posted $0.07 EPS. The business’s revenue was up 7.3% on a year-over-year basis. Research analysts predict that The Estée Lauder Companies Inc. will post 2.21 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be given a $0.66 dividend. The ex-dividend date is Friday, August 30th. This represents a $2.64 annualized dividend and a dividend yield of 2.79%. Estée Lauder Companies’s dividend payout ratio is presently 148.31%.

Analyst Upgrades and Downgrades

EL has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Estée Lauder Companies from $108.00 to $105.00 and set a “hold” rating for the company in a report on Tuesday, August 20th. Piper Sandler raised Estée Lauder Companies from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $95.00 to $114.00 in a report on Thursday. Telsey Advisory Group reissued a “market perform” rating and issued a $115.00 target price on shares of Estée Lauder Companies in a report on Monday, August 19th. The Goldman Sachs Group decreased their price target on shares of Estée Lauder Companies from $115.00 to $100.00 and set a “neutral” rating for the company in a research note on Tuesday, August 20th. Finally, Wells Fargo & Company dropped their price target on Estée Lauder Companies from $130.00 to $117.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 20th. Thirteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $122.77.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of EL. Riverview Trust Co acquired a new position in Estée Lauder Companies in the 1st quarter valued at about $26,000. Hexagon Capital Partners LLC raised its position in shares of Estée Lauder Companies by 103.1% in the first quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock valued at $30,000 after buying an additional 99 shares during the last quarter. Rothschild Investment LLC acquired a new position in shares of Estée Lauder Companies in the second quarter valued at approximately $30,000. PARK CIRCLE Co purchased a new position in shares of Estée Lauder Companies during the second quarter valued at approximately $32,000. Finally, Kimelman & Baird LLC acquired a new stake in Estée Lauder Companies during the second quarter worth approximately $32,000. 55.15% of the stock is currently owned by institutional investors and hedge funds.

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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.