Insider Selling: Estee Lauder Companies EVP Sells 1,500 Shares of Stock (EL)
Estee Lauder Companies (NYSE:EL) EVP Alexandra C. Trower sold 1,500 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $73.66, for a total value of $110,490.00. Following the completion of the sale, the executive vice president now directly owns 25,523 shares in the company, valued at approximately $1,880,024. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on EL shares. Analysts at Ned Davis Research upgraded shares of Estee Lauder Companies from a “neutral” rating to a “buy” rating in a research note on Monday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Estee Lauder Companies in a research note on Tuesday, May 6th. They now have a $78.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Estee Lauder Companies from $74.00 to $78.00 in a research note on Monday, May 5th. Three equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $80.95.
Estee Lauder Companies (NYSE:EL) traded down 0.34% on Wednesday, hitting $73.68. The stock had a trading volume of 1,021,199 shares. Estee Lauder Companies has a one year low of $63.63 and a one year high of $76.24. The stock has a 50-day moving average of $70.63 and a 200-day moving average of $71.10. The company has a market cap of $28.205 billion and a price-to-earnings ratio of 28.12.
Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Friday, May 2nd. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.09. The company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter in the previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. On average, analysts predict that Estee Lauder Companies will post $3.05 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 16th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Wednesday, May 28th.
The Estee Lauder Companies Inc is a manufacturer and marketer of skin care, makeup, fragrance and hair care products.
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