Insider Selling: Estee Lauder Companies Director Sells 3,837 Shares of Stock (EL)
Estee Lauder Companies (NYSE:EL) Director Charlene Barshefsky unloaded 3,837 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $77.40, for a total value of $296,983.80. Following the transaction, the director now directly owns 4,000 shares of the company’s stock, valued at approximately $309,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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, August 18th. 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, August 18th. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Estee Lauder Companies in a research note on Monday, August 18th. 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 given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $83.29.
Shares of Estee Lauder Companies (NYSE:EL) traded down 0.04% on Wednesday, hitting $77.01. 1,050,768 shares of the company’s stock traded hands. Estee Lauder Companies has a 1-year low of $63.63 and a 1-year high of $77.66. The stock’s 50-day moving average is $75.35 and its 200-day moving average is $72.71. The company has a market cap of $29.365 billion and a P/E ratio of 25.18.
Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Friday, August 15th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. Analysts expect that Estee Lauder Companies will post $3.03 EPS 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 1.04%. The ex-dividend date 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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