Traders Buy Estee Lauder Companies (EL) on Weakness
Traders bought shares of Estee Lauder Companies, Inc. (The) (NYSE:EL) on weakness during trading on Monday. $51.47 million flowed into the stock on the tick-up and $35.10 million flowed out of the stock on the tick-down, for a money net flow of $16.37 million into the stock. Of all equities tracked, Estee Lauder Companies had the 19th highest net in-flow for the day. Estee Lauder Companies traded down ($0.23) for the day and closed at $129.39
A number of analysts have commented on the stock. Deutsche Bank assumed coverage on shares of Estee Lauder Companies in a report on Wednesday, December 13th. They set a “hold” rating and a $134.00 target price for the company. Jefferies Group set a $140.00 target price on shares of Estee Lauder Companies and gave the stock a “buy” rating in a report on Friday, December 1st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $135.00 target price (up previously from $115.00) on shares of Estee Lauder Companies in a report on Friday, November 3rd. Morgan Stanley lifted their target price on shares of Estee Lauder Companies from $122.00 to $134.00 and gave the stock an “overweight” rating in a report on Thursday, November 2nd. Finally, Argus lifted their target price on shares of Estee Lauder Companies from $125.00 to $142.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Seven investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $118.74.
The stock has a market cap of $47,646.05, a price-to-earnings ratio of 33.61, a PEG ratio of 2.50 and a beta of 0.71. The company has a current ratio of 1.75, a quick ratio of 1.27 and a debt-to-equity ratio of 0.71.
The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Thursday, November 30th were paid a $0.38 dividend. The ex-dividend date was Wednesday, November 29th. This is a positive change from Estee Lauder Companies’s previous quarterly dividend of $0.34. This represents a $1.52 dividend on an annualized basis and a yield of 1.19%. Estee Lauder Companies’s dividend payout ratio is presently 41.08%.
In related news, EVP Gregory Polcer sold 2,730 shares of the company’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $108.11, for a total value of $295,140.30. Following the completion of the transaction, the executive vice president now directly owns 70,309 shares of the company’s stock, valued at approximately $7,601,105.99. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Sara E. Moss sold 29,873 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $121.16, for a total transaction of $3,619,412.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,526,646 shares of company stock valued at $190,321,370. Company insiders own 16.24% of the company’s stock.
Large investors have recently modified their holdings of the business. Swiss National Bank lifted its position in Estee Lauder Companies by 3.1% during the 2nd quarter. Swiss National Bank now owns 812,196 shares of the company’s stock worth $77,955,000 after buying an additional 24,600 shares in the last quarter. Prudential Financial Inc. lifted its position in Estee Lauder Companies by 3.5% during the 2nd quarter. Prudential Financial Inc. now owns 323,600 shares of the company’s stock worth $31,060,000 after buying an additional 10,921 shares in the last quarter. Comgest Global Investors S.A.S. bought a new stake in Estee Lauder Companies during the 2nd quarter worth about $2,266,000. Clinton Group Inc. bought a new stake in Estee Lauder Companies during the 2nd quarter worth about $529,000. Finally, JPMorgan Chase & Co. lifted its position in Estee Lauder Companies by 146.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,301,975 shares of the company’s stock worth $124,963,000 after buying an additional 773,666 shares in the last quarter. 53.59% of the stock is currently owned by hedge funds and other institutional investors.
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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