Insider Selling: Estee Lauder Companies EVP Unloads 15,344 Shares of Stock (EL)
Estee Lauder Companies (NYSE:EL) EVP Alexandra C. Trower sold 15,344 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $76.63, for a total transaction of $1,175,810.72. Following the transaction, the executive vice president now directly owns 10,179 shares of the company’s stock, valued at approximately $780,017. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on EL shares. 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 equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $83.29.
Estee Lauder Companies (NYSE:EL) traded down 0.08% during mid-day trading on Wednesday, hitting $76.58. The stock had a trading volume of 1,250,898 shares. Estee Lauder Companies has a 1-year low of $63.63 and a 1-year high of $77.34. The stock has a 50-day moving average of $75.04 and a 200-day moving average of $72.36. The company has a market cap of $29.330 billion and a P/E ratio of 25.05.
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. Analysts expect that Estee Lauder Companies will post $3.04 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Investors of record on Friday, August 29th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is Wednesday, August 27th.
The Estee Lauder Companies Inc is a manufacturer and marketer of skin care, makeup, fragrance and hair care products.
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