Share on StockTwits

Estee Lauder Companies (NYSE:EL) Director Barry S. Sternlicht sold 23,384 shares of the company’s stock on the open market in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $76.98, for a total transaction of $1,800,100.32. Following the completion of the transaction, the director now directly owns 54,000 shares in the company, valued at approximately $4,156,920. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Shares of Estee Lauder Companies (NYSE:EL) traded up 0.83% on Monday, hitting $76.79. The stock had a trading volume of 2,042,807 shares. Estee Lauder Companies has a 52 week low of $63.63 and a 52 week high of $77.34. The stock’s 50-day moving average is $74.84 and its 200-day moving average is $72.17. The company has a market cap of $29.411 billion and a price-to-earnings ratio of 24.89.

Estee Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Friday, August 15th. The company reported $0.66 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.56 by $0.10. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter in the prior year, the company posted $0.24 earnings per share. The company’s quarterly revenue was up 13.2% on a year-over-year basis. On average, analysts predict that Estee Lauder Companies will post $3.16 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Wednesday, August 27th.

EL has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Estee Lauder Companies in a research note on Monday. They now have a $80.00 price target on the stock. Separately, analysts at Bernstein raised their price target on shares of Estee Lauder Companies from $81.00 to $82.00 in a research note on Monday. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Estee Lauder Companies in a research note on Monday. They now have a $87.00 price target on the stock, up previously from $81.00. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $83.29.

The Estee Lauder Companies Inc is a manufacturer and marketer of skin care, makeup, fragrance and hair care products.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.