The Estée Lauder Companies Inc. (NYSE:EL) Director Paul J. Fribourg Purchases 77,500 Shares

The Estée Lauder Companies Inc. (NYSE:EL) Director Paul J. Fribourg acquired 77,500 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was purchased at an average price of $64.01 per share, with a total value of $4,960,775.00. Following the acquisition, the director now owns 234,500 shares of the company’s stock, valued at approximately $15,010,345. This trade represents a 49.36 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Estée Lauder Companies Stock Up 0.0 %

EL traded up $0.02 during midday trading on Tuesday, hitting $64.59. 1,782,940 shares of the company’s stock traded hands, compared to its average volume of 3,453,304. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 0.90. The company has a market cap of $23.19 billion, a PE ratio of 115.34, a price-to-earnings-growth ratio of 3.85 and a beta of 1.05. The Estée Lauder Companies Inc. has a one year low of $62.29 and a one year high of $159.75. The stock’s fifty day simple moving average is $84.21 and its 200-day simple moving average is $99.84.

Estée Lauder Companies (NYSE:EL) last posted its earnings results on Thursday, October 31st. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.09 by $0.05. The firm had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.37 billion. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The business’s quarterly revenue was down 4.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.11 earnings per share. As a group, equities analysts anticipate that The Estée Lauder Companies Inc. will post 1.59 earnings per share for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.17%. The ex-dividend date is Friday, November 29th. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 471.43%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of EL. State Street Corp increased its holdings in Estée Lauder Companies by 9.5% during the 3rd quarter. State Street Corp now owns 10,575,926 shares of the company’s stock valued at $1,054,314,000 after purchasing an additional 913,470 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Estée Lauder Companies by 79.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company’s stock valued at $570,600,000 after buying an additional 2,533,006 shares during the last quarter. Geode Capital Management LLC grew its holdings in Estée Lauder Companies by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 4,679,154 shares of the company’s stock worth $464,587,000 after acquiring an additional 70,307 shares during the last quarter. Van ECK Associates Corp increased its position in Estée Lauder Companies by 36.4% in the 3rd quarter. Van ECK Associates Corp now owns 4,041,911 shares of the company’s stock valued at $402,938,000 after acquiring an additional 1,078,926 shares in the last quarter. Finally, Independent Franchise Partners LLP raised its stake in shares of Estée Lauder Companies by 44.4% in the second quarter. Independent Franchise Partners LLP now owns 3,466,048 shares of the company’s stock worth $368,788,000 after acquiring an additional 1,066,320 shares during the last quarter. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Telsey Advisory Group reissued a “market perform” rating and issued a $105.00 price target on shares of Estée Lauder Companies in a report on Thursday, October 31st. Piper Sandler raised their target price on shares of Estée Lauder Companies from $114.00 to $122.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Canaccord Genuity Group decreased their price target on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. B. Riley decreased their target price on Estée Lauder Companies from $95.00 to $70.00 and set a “neutral” rating on the stock in a report on Monday, November 4th. Finally, Hsbc Global Res downgraded Estée Lauder Companies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 16th. Nineteen research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Estée Lauder Companies currently has an average rating of “Hold” and an average target price of $100.90.

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