The Estée Lauder Companies Inc. (NYSE:EL – Get Rating) EVP Carl P. Haney sold 548 shares of the company’s stock in a transaction that occurred on Friday, June 3rd. The shares were sold at an average price of $263.88, for a total value of $144,606.24. Following the completion of the sale, the executive vice president now owns 3,296 shares in the company, valued at approximately $869,748.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of EL stock traded up $1.01 during trading hours on Monday, reaching $265.23. The company’s stock had a trading volume of 42,999 shares, compared to its average volume of 1,687,223. The company has a quick ratio of 1.23, a current ratio of 1.75 and a debt-to-equity ratio of 0.84. The Estée Lauder Companies Inc. has a fifty-two week low of $225.39 and a fifty-two week high of $374.20. The company has a market capitalization of $94.78 billion, a price-to-earnings ratio of 28.91, a PEG ratio of 3.42 and a beta of 1.04. The firm’s 50 day simple moving average is $255.95 and its 200-day simple moving average is $297.12.
Estée Lauder Companies (NYSE:EL – Get Rating) last released its quarterly earnings data on Tuesday, May 3rd. The company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.23. Estée Lauder Companies had a return on equity of 45.06% and a net margin of 18.53%. The company had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.32 billion. During the same quarter last year, the business posted $1.62 EPS. Estée Lauder Companies’s revenue for the quarter was up 9.9% on a year-over-year basis. Sell-side analysts predict that The Estée Lauder Companies Inc. will post 7.15 earnings per share for the current year.
Several analysts have issued reports on the company. JPMorgan Chase & Co. dropped their price objective on Estée Lauder Companies from $338.00 to $317.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 30th. Edward Jones upgraded Estée Lauder Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, April 27th. Wells Fargo & Company lowered their price objective on Estée Lauder Companies from $310.00 to $290.00 in a research note on Wednesday, May 4th. StockNews.com assumed coverage on Estée Lauder Companies in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Credit Suisse Group lowered their price objective on Estée Lauder Companies from $365.00 to $320.00 in a research note on Wednesday, May 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $332.29.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its holdings in Estée Lauder Companies by 13.1% during the 4th quarter. BlackRock Inc. now owns 16,953,258 shares of the company’s stock worth $6,276,099,000 after buying an additional 1,969,898 shares during the period. State Street Corp lifted its holdings in Estée Lauder Companies by 1.9% during the 1st quarter. State Street Corp now owns 9,946,170 shares of the company’s stock worth $2,708,541,000 after buying an additional 184,272 shares during the period. Fundsmith LLP lifted its holdings in Estée Lauder Companies by 4.9% during the 4th quarter. Fundsmith LLP now owns 7,165,161 shares of the company’s stock worth $2,652,543,000 after buying an additional 333,409 shares during the period. Morgan Stanley lifted its holdings in Estée Lauder Companies by 9.8% during the 3rd quarter. Morgan Stanley now owns 4,147,759 shares of the company’s stock worth $1,244,038,000 after buying an additional 369,154 shares during the period. Finally, Royal Bank of Canada lifted its holdings in Estée Lauder Companies by 6.2% during the 3rd quarter. Royal Bank of Canada now owns 3,865,354 shares of the company’s stock worth $1,159,335,000 after buying an additional 226,262 shares during the period. 58.85% of the stock is currently owned by institutional investors.
Estée Lauder Companies Company Profile (Get Rating)
The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. The company offers a range of skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, cleansing devices, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.
- Get a free copy of the StockNews.com research report on Estée Lauder Companies (EL)
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