The Estée Lauder Companies Inc. (NYSE:EL) Director Paul J. Fribourg Acquires 77,500 Shares of Stock

The Estée Lauder Companies Inc. (NYSE:EL) Director Paul J. Fribourg bought 77,500 shares of Estée Lauder Companies stock in a transaction that occurred on Friday, November 15th. The stock was purchased at an average cost of $64.01 per share, with a total value of $4,960,775.00. Following the completion of the transaction, the director now owns 234,500 shares of the company’s stock, valued at $15,010,345. This trade represents a 49.36 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Estée Lauder Companies Price Performance

Shares of EL stock opened at $64.81 on Wednesday. The Estée Lauder Companies Inc. has a 12-month low of $62.29 and a 12-month high of $159.75. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $23.26 billion, a price-to-earnings ratio of 115.72, a price-to-earnings-growth ratio of 3.85 and a beta of 1.05. The firm has a fifty day moving average of $83.81 and a 200-day moving average of $99.36.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.05. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The company had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.37 billion. During the same period in the prior year, the firm earned $0.11 earnings per share. Estée Lauder Companies’s revenue for the quarter was down 4.5% compared to the same quarter last year. On average, equities research analysts forecast that The Estée Lauder Companies Inc. will post 1.59 earnings per share for the current year.

Estée Lauder Companies Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend is Friday, November 29th. Estée Lauder Companies’s dividend payout ratio (DPR) is currently 471.43%.

Institutional Trading of Estée Lauder Companies

Several institutional investors and hedge funds have recently bought and sold shares of the business. Rothschild Investment LLC acquired a new stake in Estée Lauder Companies during the 2nd quarter worth approximately $30,000. Ashton Thomas Securities LLC acquired a new stake in shares of Estée Lauder Companies during the third quarter worth $31,000. PARK CIRCLE Co bought a new stake in shares of Estée Lauder Companies in the second quarter valued at about $32,000. Kimelman & Baird LLC acquired a new position in shares of Estée Lauder Companies in the second quarter valued at about $32,000. Finally, Crewe Advisors LLC bought a new position in Estée Lauder Companies during the first quarter worth about $35,000. Institutional investors own 55.15% of the company’s stock.

Analysts Set New Price Targets

EL has been the subject of a number of analyst reports. Evercore ISI reduced their price objective on shares of Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating for the company in a report on Tuesday, August 20th. Hsbc Global Res downgraded Estée Lauder Companies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 16th. Piper Sandler upped their price objective on Estée Lauder Companies from $114.00 to $122.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. DA Davidson restated a “buy” rating and set a $130.00 target price on shares of Estée Lauder Companies in a research report on Tuesday, October 29th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $105.00 price target on shares of Estée Lauder Companies in a research report on Thursday, October 31st. Nineteen analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $100.90.

Estée Lauder Companies Company Profile

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, and powders, as well as compacts, brushes, and other makeup tools.