Estee Lauder Companies (NYSE:EL) Stock: Insider Barry Sternlicht Sells 4,697 Shares

The Estee Lauder Companies Inc. (NYSE:EL) Director Barry Sternlicht sold 4,697 shares of the stock in a transaction on Friday, November 6th. The shares were sold at an average price of $108.63, for a total transaction of $510,235.11. Following the sale, the director directly owned 34,812 shares of the company’s stock, valued at $3,781,627.56. The trade was a 11.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Estee Lauder Companies Trading Up 2.4%

Estee Lauder Companies stock traded up $2.57 during trading hours on Friday, reaching $110.22. The stock had a trading volume of 3,839,819 shares, compared to its average volume of 3,817,724. The company has a fifty day simple moving average of $100.65 and a 200-day simple moving average of $91.75. The Estee Lauder Companies Inc. has a 52 week low of $66.22 and a 52 week high of $121.64. The stock has a market cap of $39.88 billion, a PE ratio of 110.22, a PEG ratio of 1.51 and a beta of 1.23. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.25 and a quick ratio of 0.90.

Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Monday, November 2nd. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.51 by $0.21. The firm had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.65 billion. Estee Lauder Companies had a net margin of 2.41% and a return on equity of 26.99%. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.32 earnings per share. Analysts forecast that The Estee Lauder Companies Inc. will post 3.42 EPS for the current fiscal year.

Estee Lauder Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be issued a $0.35 dividend. The ex-dividend date is Monday, November 30th. This represents a $1.40 annualized dividend and a yield of 1.3%. Estee Lauder Companies’s dividend payout ratio (DPR) is 140.00%.

Institutional Trading of Estee Lauder Companies

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE raised its holdings in Estee Lauder Companies by 950.9% in the 1st quarter. Bank of America Corp DE now owns 13,843,765 shares of the company’s stock worth $993,567,000 after acquiring an additional 12,526,471 shares during the last quarter. Amundi boosted its stake in Estee Lauder Companies by 33.8% during the 1st quarter. Amundi now owns 1,909,911 shares of the company’s stock valued at $137,074,000 after purchasing an additional 482,185 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of Estee Lauder Companies by 26.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,827,512 shares of the company’s stock worth $169,538,000 after purchasing an additional 387,596 shares in the last quarter. Ninety One UK Ltd bought a new stake in shares of Estee Lauder Companies in the 3rd quarter worth $134,551,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Estee Lauder Companies by 44.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,192,531 shares of the company’s stock worth $85,559,000 after purchasing an additional 365,651 shares during the last quarter. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their target price on Estee Lauder Companies from $115.00 to $120.00 and gave the company an “overweight” rating in a research note on Tuesday. Piper Sandler raised their price target on Estee Lauder Companies from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, October 23rd. Morgan Stanley raised their price target on Estee Lauder Companies from $112.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Berenberg Bank lifted their price target on shares of Estee Lauder Companies from $84.00 to $92.00 and gave the company a “hold” rating in a report on Monday, August 24th. Finally, Weiss Ratings raised shares of Estee Lauder Companies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, October 27th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $110.31.

Estee Lauder Companies Company Profile

The Estée Lauder Companies Inc (NYSE: EL) is a global prestige beauty company that develops, markets and sells skincare, makeup, fragrance and hair-care products. Its portfolio includes brands such as Estée Lauder, Clinique, M·A·C, La Mer, Jo Malone London, Aveda, Bobbi Brown Cosmetics, Tom Ford Beauty, Le Labo and The Ordinary.

Founded in 1946 by Estée and Joseph Lauder, the company began with four skincare products and has expanded into a multinational beauty business. Its products are sold through department and specialty stores, beauty retailers, brand-operated stores, e-commerce platforms, salons, spas and other distribution channels.

The Estée Lauder Companies serves consumers in markets across the Americas, Europe, the Middle East and Africa, and Asia-Pacific.