Estee Lauder Companies Inc (NYSE:EL) CFO Tracey Thomas Travis sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $140.11, for a total transaction of $700,550.00. Following the transaction, the chief financial officer now owns 19,467 shares of the company’s stock, valued at approximately $2,727,521.37. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Tracey Thomas Travis also recently made the following trade(s):
- On Tuesday, February 13th, Tracey Thomas Travis sold 5,000 shares of Estee Lauder Companies stock. The stock was sold at an average price of $137.02, for a total transaction of $685,100.00.
Shares of Estee Lauder Companies Inc (EL) opened at $139.35 on Wednesday. The firm has a market cap of $51,871.13, a price-to-earnings ratio of 33.99, a P/E/G ratio of 2.50 and a beta of 0.74. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.33 and a current ratio of 1.76. Estee Lauder Companies Inc has a 52 week low of $81.69 and a 52 week high of $141.67.
Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Friday, February 2nd. The company reported $1.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.08. The firm had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.68 billion. Estee Lauder Companies had a net margin of 8.43% and a return on equity of 34.86%. Estee Lauder Companies’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.22 EPS. analysts forecast that Estee Lauder Companies Inc will post 4.36 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date is Tuesday, February 27th. Estee Lauder Companies’s dividend payout ratio is currently 52.78%.
Several research firms have commented on EL. Stifel Nicolaus boosted their price target on shares of Estee Lauder Companies from $145.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday. Royal Bank of Canada reiterated an “outperform” rating and set a $145.00 price target (down previously from $155.00) on shares of Estee Lauder Companies in a report on Monday, February 5th. Bank of America boosted their price target on shares of Estee Lauder Companies from $143.00 to $152.00 and gave the stock a “buy” rating in a report on Monday, February 5th. Sanford C. Bernstein reiterated an “outperform” rating and set a $144.00 price target (up previously from $134.00) on shares of Estee Lauder Companies in a report on Monday, February 5th. Finally, DA Davidson boosted their price target on shares of Estee Lauder Companies to $131.00 and gave the stock a “neutral” rating in a report on Tuesday, February 6th. Five analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $129.83.
Large investors have recently modified their holdings of the stock. First Republic Investment Management Inc. boosted its stake in Estee Lauder Companies by 107.3% during the 3rd quarter. First Republic Investment Management Inc. now owns 30,303 shares of the company’s stock worth $3,268,000 after purchasing an additional 15,684 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its stake in Estee Lauder Companies by 7.3% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 23,579 shares of the company’s stock worth $2,553,000 after purchasing an additional 1,600 shares during the period. Hartford Investment Management Co. boosted its stake in Estee Lauder Companies by 3.0% during the 3rd quarter. Hartford Investment Management Co. now owns 50,131 shares of the company’s stock worth $5,406,000 after purchasing an additional 1,473 shares during the period. Investec Asset Management LTD boosted its stake in Estee Lauder Companies by 931.2% during the 3rd quarter. Investec Asset Management LTD now owns 1,040,505 shares of the company’s stock worth $112,208,000 after purchasing an additional 939,600 shares during the period. Finally, Convergence Investment Partners LLC boosted its stake in Estee Lauder Companies by 5.0% during the 4th quarter. Convergence Investment Partners LLC now owns 23,185 shares of the company’s stock worth $2,950,000 after purchasing an additional 1,096 shares during the period. Hedge funds and other institutional investors own 53.84% of the company’s stock.
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About Estee Lauder Companies
The Estee Lauder Companies Inc manufactures and markets skin care, makeup, fragrance and hair care products. The Company offers products, including skin care, makeup, fragrance, hair care and other. The Company operates in beauty products segment. The Company’s products are sold in over 150 countries and territories under brand names, including Estee Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, MAC, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frederic Malle, GLAMGLOW, By Kilian, BECCA and Too Faced.
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