Estee Lauder Companies Inc (EL) Director Richard D. Parsons Sells 9,312 Shares

Estee Lauder Companies Inc (NYSE:EL) Director Richard D. Parsons sold 9,312 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $132.96, for a total transaction of $1,238,123.52. Following the completion of the sale, the director now directly owns 4,576 shares of the company’s stock, valued at $608,424.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Estee Lauder Companies Inc (EL) traded up $2.95 during mid-day trading on Monday, reaching $137.70. 1,255,455 shares of the company’s stock traded hands, compared to its average volume of 1,847,131. Estee Lauder Companies Inc has a fifty-two week low of $81.69 and a fifty-two week high of $138.74. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $50,580.00, a price-to-earnings ratio of 47.81, a P/E/G ratio of 2.39 and a beta of 0.74.

Estee Lauder Companies (NYSE:EL) last released its quarterly earnings data on Friday, February 2nd. The company reported $1.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.44 by $0.08. Estee Lauder Companies had a net margin of 8.43% and a return on equity of 34.86%. The business had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.68 billion. During the same quarter last year, the business earned $1.22 earnings per share. Estee Lauder Companies’s quarterly revenue was up 16.7% compared to the same quarter last year. research analysts anticipate that Estee Lauder Companies Inc will post 4.36 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $1.52 annualized dividend and a yield of 1.10%. Estee Lauder Companies’s dividend payout ratio (DPR) is currently 52.78%.

A number of analysts have recently issued reports on the stock. BMO Capital Markets increased their price objective on shares of Estee Lauder Companies to $140.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 31st. Sanford C. Bernstein restated an “outperform” rating and set a $144.00 target price (up previously from $134.00) on shares of Estee Lauder Companies in a research report on Monday, February 5th. Deutsche Bank began coverage on shares of Estee Lauder Companies in a research report on Wednesday, December 13th. They set a “hold” rating and a $134.00 target price for the company. Royal Bank of Canada restated an “outperform” rating and set a $145.00 target price (down previously from $155.00) on shares of Estee Lauder Companies in a research report on Monday, February 5th. Finally, Bank of America upped their target price on shares of Estee Lauder Companies from $143.00 to $152.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. Five research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $128.57.

Hedge funds have recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust lifted its position in Estee Lauder Companies by 126.1% during the third quarter. Parkside Financial Bank & Trust now owns 1,135 shares of the company’s stock valued at $123,000 after purchasing an additional 633 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in Estee Lauder Companies during the fourth quarter valued at $126,000. Cerebellum GP LLC bought a new position in Estee Lauder Companies during the fourth quarter valued at $130,000. Winslow Evans & Crocker Inc. lifted its position in Estee Lauder Companies by 2,750.0% during the fourth quarter. Winslow Evans & Crocker Inc. now owns 1,140 shares of the company’s stock valued at $145,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Zions Bancorporation lifted its position in Estee Lauder Companies by 2,781.3% during the third quarter. Zions Bancorporation now owns 1,844 shares of the company’s stock valued at $198,000 after purchasing an additional 1,780 shares during the last quarter. Institutional investors and hedge funds own 54.03% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Estee Lauder Companies (NYSE:EL)

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