Estee Lauder Companies Inc (NYSE:EL) EVP Carl P. Haney sold 8,950 shares of Estee Lauder Companies stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $169.03, for a total value of $1,512,818.50. Following the completion of the transaction, the executive vice president now directly owns 3 shares of the company’s stock, valued at approximately $507.09. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
NYSE:EL traded up $2.97 during mid-day trading on Wednesday, reaching $169.97. The company’s stock had a trading volume of 1,200,404 shares, compared to its average volume of 1,891,624. The firm has a market cap of $59.74 billion, a price-to-earnings ratio of 37.69, a price-to-earnings-growth ratio of 2.44 and a beta of 0.72. Estee Lauder Companies Inc has a 12-month low of $121.47 and a 12-month high of $180.20. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.26 and a current ratio of 1.69.
Estee Lauder Companies (NYSE:EL) last released its quarterly earnings results on Wednesday, May 1st. The company reported $1.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.25. The business had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.56 billion. Estee Lauder Companies had a return on equity of 43.52% and a net margin of 12.45%. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.17 EPS. As a group, research analysts predict that Estee Lauder Companies Inc will post 5.21 earnings per share for the current year.
Several equities analysts have recently issued reports on the company. Piper Jaffray Companies lifted their price target on Estee Lauder Companies from $161.00 to $178.00 and gave the stock a “positive” rating in a research report on Thursday, April 25th. Citigroup lifted their price target on Estee Lauder Companies from $188.00 to $197.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. DA Davidson lowered Estee Lauder Companies from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $179.00 to $155.00 in a research report on Thursday, May 2nd. UBS Group boosted their target price on Estee Lauder Companies from $153.00 to $172.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $195.00 target price (up previously from $190.00) on shares of Estee Lauder Companies in a research report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $170.78.
Several institutional investors have recently added to or reduced their stakes in EL. Oregon Public Employees Retirement Fund grew its stake in shares of Estee Lauder Companies by 6,015.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,896,861 shares of the company’s stock valued at $53,000 after purchasing an additional 6,784,090 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Estee Lauder Companies by 112.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,032,887 shares of the company’s stock valued at $1,022,019,000 after purchasing an additional 3,716,962 shares during the period. Norges Bank bought a new stake in shares of Estee Lauder Companies during the 4th quarter valued at about $233,786,000. MERIAN GLOBAL INVESTORS UK Ltd grew its stake in shares of Estee Lauder Companies by 673,732.9% during the 4th quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,125,301 shares of the company’s stock valued at $146,401,000 after purchasing an additional 1,125,134 shares during the period. Finally, Millennium Management LLC grew its stake in shares of Estee Lauder Companies by 445.1% during the 4th quarter. Millennium Management LLC now owns 809,688 shares of the company’s stock valued at $105,340,000 after purchasing an additional 661,151 shares during the period. Institutional investors and hedge funds own 53.06% of the company’s stock.
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About Estee Lauder Companies
The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.
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