Shares of Estee Lauder Companies, Inc. (The) (NYSE:EL) rose NaN during trading on Thursday following a better than expected earnings announcement. The stock traded as high as $124.80 and last traded at $0.00. Approximately 7,602,735 shares changed hands during trading, an increase of Infinity from the average daily volume of 0 shares. The company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.24. Estee Lauder Companies, Inc. (The) had a return on equity of 33.64% and a net margin of 11.30%. The company had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $3.16 billion. During the same period last year, the business posted $0.85 EPS. The company’s revenue was up 14.3% on a year-over-year basis.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be paid a $0.38 dividend. This is an increase from Estee Lauder Companies, Inc. (The)’s previous quarterly dividend of $0.34. This represents a $1.52 annualized dividend and a dividend yield of Infinity. The ex-dividend date is Wednesday, November 29th. Estee Lauder Companies, Inc. (The)’s dividend payout ratio (DPR) is 36.76%.

Several equities analysts recently issued reports on EL shares. Piper Jaffray Companies set a $135.00 price objective on Estee Lauder Companies, Inc. (The) and gave the stock a “buy” rating in a report on Wednesday. DA Davidson reissued a “hold” rating and issued a $125.00 price target on shares of Estee Lauder Companies, Inc. (The) in a report on Thursday. They noted that the move was a valuation call. BMO Capital Markets boosted their price target on Estee Lauder Companies, Inc. (The) from $107.00 to $126.00 and gave the stock a “market perform” rating in a report on Thursday. Telsey Advisory Group boosted their price target on Estee Lauder Companies, Inc. (The) from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, KeyCorp reissued an “overweight” rating and issued a $135.00 price target (up from $115.00) on shares of Estee Lauder Companies, Inc. (The) in a report on Thursday. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, seven have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Estee Lauder Companies, Inc. (The) currently has a consensus rating of “Buy” and an average price target of $116.62.

In other news, VP Sara E. Moss sold 14,552 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $100.22, for a total value of $1,458,401.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Irvine O. Hockaday, Jr. sold 2,000 shares of the company’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $105.41, for a total value of $210,820.00. Following the completion of the sale, the director now directly owns 26,240 shares of the company’s stock, valued at approximately $2,765,958.40. The disclosure for this sale can be found here. Insiders sold 616,230 shares of company stock valued at $65,886,543 in the last ninety days. Company insiders own 16.24% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of EL. Acrospire Investment Management LLC boosted its holdings in Estee Lauder Companies, Inc. (The) by 2,291.7% in the second quarter. Acrospire Investment Management LLC now owns 1,148 shares of the company’s stock valued at $110,000 after purchasing an additional 1,100 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in Estee Lauder Companies, Inc. (The) by 126.1% in 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. Shine Investment Advisory Services Inc. purchased a new position in Estee Lauder Companies, Inc. (The) in the second quarter valued at about $147,000. Sun Life Financial INC boosted its holdings in Estee Lauder Companies, Inc. (The) by 16,290.0% in the second quarter. Sun Life Financial INC now owns 1,639 shares of the company’s stock valued at $157,000 after purchasing an additional 1,629 shares during the last quarter. Finally, Bessemer Group Inc. boosted its holdings in Estee Lauder Companies, Inc. (The) by 4.8% in the second quarter. Bessemer Group Inc. now owns 1,866 shares of the company’s stock valued at $179,000 after purchasing an additional 86 shares during the last quarter. 54.89% of the stock is owned by hedge funds and other institutional investors.

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Estee Lauder Companies, Inc. (The) Company Profile

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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