Estee Lauder Companies Inc (EL) Director G. Scott Paterson Purchases 330,000 Shares
Estee Lauder Companies Inc (NYSE:EL) Director G. Scott Paterson acquired 330,000 shares of the stock in a transaction that occurred on Wednesday, May 24th. The stock was acquired at an average cost of $0.06 per share, for a total transaction of $19,800.00.
G. Scott Paterson also recently made the following trade(s):
- On Tuesday, May 9th, G. Scott Paterson acquired 500,000 shares of Estee Lauder Companies stock. The stock was acquired at an average cost of $0.07 per share, for a total transaction of $35,000.00.
- On Friday, April 28th, G. Scott Paterson acquired 100,000 shares of Estee Lauder Companies stock. The stock was acquired at an average cost of $0.06 per share, for a total transaction of $6,000.00.
Estee Lauder Companies Inc (NYSE:EL) traded up 1.13% on Wednesday, hitting $93.03. 1,430,021 shares of the company’s stock traded hands. The stock has a 50-day moving average of $88.68 and a 200-day moving average of $82.89. Estee Lauder Companies Inc has a one year low of $75.29 and a one year high of $95.38. The stock has a market cap of $34.22 billion, a PE ratio of 31.18 and a beta of 0.86.
Estee Lauder Companies (NYSE:EL) last released its earnings results on Wednesday, May 3rd. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.18. The business had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.81 billion. Estee Lauder Companies had a net margin of 9.50% and a return on equity of 32.36%. The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.73 earnings per share. On average, equities analysts forecast that Estee Lauder Companies Inc will post $3.40 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Wednesday, May 31st will be paid a dividend of $0.34 per share. The ex-dividend date is Friday, May 26th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.46%. Estee Lauder Companies’s dividend payout ratio is currently 46.90%.
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Several research firms recently issued reports on EL. B. Riley reaffirmed a “neutral” rating and issued a $90.00 price objective on shares of Estee Lauder Companies in a research report on Wednesday, February 8th. Royal Bank of Canada set a $100.00 target price on shares of Estee Lauder Companies and gave the company a “buy” rating in a research note on Saturday, March 25th. Societe Generale lowered shares of Estee Lauder Companies from a “buy” rating to a “hold” rating and boosted their target price for the company from $90.00 to $93.00 in a research note on Monday, May 15th. Vetr upgraded shares of Estee Lauder Companies from a “sell” rating to a “hold” rating and set a $79.50 target price for the company in a research note on Monday, January 30th. Finally, Jefferies Group LLC set a $87.00 target price on shares of Estee Lauder Companies and gave the company a “hold” rating in a research note on Friday, February 3rd. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $96.75.
Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in Estee Lauder Companies by 1,454.5% in the first quarter. BlackRock Inc. now owns 13,775,036 shares of the company’s stock worth $1,167,987,000 after buying an additional 12,888,915 shares in the last quarter. Scopus Asset Management L.P. bought a new stake in Estee Lauder Companies during the first quarter worth approximately $122,946,000. Norges Bank bought a new stake in Estee Lauder Companies during the fourth quarter worth approximately $87,371,000. Alliancebernstein L.P. boosted its stake in Estee Lauder Companies by 284.2% in the first quarter. Alliancebernstein L.P. now owns 1,535,927 shares of the company’s stock worth $130,231,000 after buying an additional 1,136,203 shares in the last quarter. Finally, Janus Capital Management LLC boosted its stake in Estee Lauder Companies by 55.4% in the fourth quarter. Janus Capital Management LLC now owns 3,144,305 shares of the company’s stock worth $240,553,000 after buying an additional 1,120,458 shares in the last quarter. 55.53% of the stock is owned by institutional investors and hedge funds.
About Estee Lauder Companies
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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