Insider Selling: Estee Lauder Companies Inc (EL) EVP Sells 26,203 Shares of Stock
Estee Lauder Companies Inc (NYSE:EL) EVP Michael O’hare sold 26,203 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $133.40, for a total value of $3,495,480.20. Following the sale, the executive vice president now owns 7,583 shares in the company, valued at $1,011,572.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Estee Lauder Companies Inc (NYSE EL) traded up $0.41 on Monday, hitting $134.80. The stock had a trading volume of 2,267,554 shares, compared to its average volume of 1,584,655. The company has a market cap of $49,430.00, a price-to-earnings ratio of 47.35, a PEG ratio of 2.47 and a beta of 0.74. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.74. Estee Lauder Companies Inc has a 1-year low of $81.69 and a 1-year high of $138.74.
Estee Lauder Companies (NYSE:EL) last released its quarterly earnings data on Friday, February 2nd. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.08. The business had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.68 billion. Estee Lauder Companies had a return on equity of 34.86% and a net margin of 8.43%. The company’s revenue was up 16.7% compared to the same quarter last year. During the same period last year, the company posted $1.22 EPS. equities research analysts expect that Estee Lauder Companies Inc will post 4.35 EPS for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Republic Investment Management Inc. lifted its holdings in shares of Estee Lauder Companies by 107.3% in the third quarter. First Republic Investment Management Inc. now owns 30,303 shares of the company’s stock valued at $3,268,000 after purchasing an additional 15,684 shares in the last quarter. Clinton Group Inc. purchased a new stake in shares of Estee Lauder Companies during the second quarter worth $529,000. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Estee Lauder Companies by 7.3% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 23,579 shares of the company’s stock worth $2,553,000 after acquiring an additional 1,600 shares in the last quarter. Investec Asset Management LTD raised its holdings in shares of Estee Lauder Companies by 931.2% during the third quarter. Investec Asset Management LTD now owns 1,040,505 shares of the company’s stock worth $112,208,000 after acquiring an additional 939,600 shares in the last quarter. Finally, Hartford Investment Management Co. raised its holdings in shares of Estee Lauder Companies by 3.0% during the third quarter. Hartford Investment Management Co. now owns 50,131 shares of the company’s stock worth $5,406,000 after acquiring an additional 1,473 shares in the last quarter. Institutional investors own 54.40% of the company’s stock.
Several analysts recently commented on the company. Argus raised their target price on Estee Lauder Companies from $125.00 to $142.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Bank of America raised their target price on Estee Lauder Companies from $115.00 to $122.00 and gave the company a “buy” rating in a research report on Friday, October 13th. Jefferies Group set a $140.00 price target on Estee Lauder Companies and gave the company a “buy” rating in a research note on Friday, December 1st. Macquarie increased their price target on Estee Lauder Companies from $1.45 to $1.50 and gave the company an “outperform” rating in a research note on Thursday, December 21st. Finally, Zacks Investment Research raised Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $147.00 price target for the company in a research note on Tuesday, January 9th. Six investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Estee Lauder Companies presently has a consensus rating of “Buy” and a consensus target price of $126.58.
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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.
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