Investors purchased shares of Estee Lauder Companies Inc (NYSE:EL) on weakness during trading hours on Wednesday. $76.47 million flowed into the stock on the tick-up and $43.13 million flowed out of the stock on the tick-down, for a money net flow of $33.34 million into the stock. Of all stocks tracked, Estee Lauder Companies had the 21st highest net in-flow for the day. Estee Lauder Companies traded down ($0.69) for the day and closed at $145.09
A number of equities research analysts have recently issued reports on the stock. ValuEngine raised shares of Estee Lauder Companies from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Bank of America increased their price target on shares of Estee Lauder Companies from $152.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, March 5th. Credit Suisse Group assumed coverage on shares of Estee Lauder Companies in a report on Monday. They issued an “outperform” rating and a $162.00 price target on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $145.00 price target (down from $155.00) on shares of Estee Lauder Companies in a report on Monday, February 5th. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $144.00 price target (up from $134.00) on shares of Estee Lauder Companies in a report on Monday, February 5th. Five analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. Estee Lauder Companies has a consensus rating of “Buy” and a consensus target price of $131.50.
The company has a market capitalization of $53,463.59, a P/E ratio of 50.38, a price-to-earnings-growth ratio of 2.57 and a beta of 0.69. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.74.
Estee Lauder Companies (NYSE:EL) last announced its earnings results on Friday, February 2nd. The company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.08. The business had revenue of $3.74 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the firm posted $1.22 earnings per share. sell-side analysts expect that Estee Lauder Companies Inc will post 4.36 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Tuesday, February 27th. Estee Lauder Companies’s dividend payout ratio (DPR) is presently 52.78%.
In other Estee Lauder Companies news, insider John Demsey sold 77,608 shares of Estee Lauder Companies stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $127.52, for a total transaction of $9,896,572.16. Following the transaction, the insider now directly owns 23,305 shares of the company’s stock, valued at $2,971,853.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Ronald S. Foundation Lauder sold 16,447 shares of Estee Lauder Companies stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $138.11, for a total transaction of $2,271,495.17. Following the transaction, the insider now directly owns 83,418 shares in the company, valued at $11,520,859.98. The disclosure for this sale can be found here. Insiders have sold 248,453 shares of company stock worth $33,517,643 over the last three months. Insiders own 16.24% of the company’s stock.
Several hedge funds have recently bought and sold shares of EL. BlackRock Inc. grew its holdings in shares of Estee Lauder Companies by 6.4% in the fourth quarter. BlackRock Inc. now owns 15,790,395 shares of the company’s stock worth $2,009,170,000 after purchasing an additional 944,997 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of Estee Lauder Companies by 54.7% in the fourth quarter. Jennison Associates LLC now owns 9,533,553 shares of the company’s stock worth $1,213,049,000 after purchasing an additional 3,372,279 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Estee Lauder Companies by 7.8% in the fourth quarter. Wells Fargo & Company MN now owns 2,627,132 shares of the company’s stock worth $334,276,000 after purchasing an additional 190,584 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Estee Lauder Companies by 4.7% in the fourth quarter. Geode Capital Management LLC now owns 2,426,219 shares of the company’s stock worth $308,079,000 after purchasing an additional 108,813 shares during the last quarter. Finally, Acadian Asset Management LLC grew its holdings in shares of Estee Lauder Companies by 31.9% in the fourth quarter. Acadian Asset Management LLC now owns 1,880,660 shares of the company’s stock worth $239,297,000 after purchasing an additional 454,532 shares during the last quarter. 54.10% of the stock is currently owned by hedge funds and other institutional investors.
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Estee Lauder Companies Company Profile
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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