The Estée Lauder Companies Inc. (NYSE:EL) Short Interest Update

The Estée Lauder Companies Inc. (NYSE:ELGet Rating) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 3,530,000 shares, a growth of 11.7% from the August 15th total of 3,160,000 shares. Approximately 1.5% of the shares of the company are sold short. Based on an average trading volume of 1,270,000 shares, the short-interest ratio is currently 2.8 days.

Analyst Ratings Changes

Several analysts recently commented on EL shares. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Estée Lauder Companies from $266.00 to $280.00 in a research note on Friday, August 19th. Wells Fargo & Company lifted their target price on shares of Estée Lauder Companies from $290.00 to $310.00 and gave the stock an “overweight” rating in a research report on Friday, August 19th. Credit Suisse Group cut their target price on shares of Estée Lauder Companies from $310.00 to $308.00 and set an “outperform” rating for the company in a research report on Friday, August 19th. UBS Group lifted their target price on shares of Estée Lauder Companies from $266.00 to $289.00 and gave the stock a “neutral” rating in a research report on Friday, August 19th. Finally, Oppenheimer restated an “outperform” rating and set a $300.00 target price on shares of Estée Lauder Companies in a research report on Tuesday, May 31st. Four investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $318.65.

Estée Lauder Companies Price Performance

Estée Lauder Companies stock opened at $239.50 on Wednesday. Estée Lauder Companies has a 1 year low of $225.39 and a 1 year high of $374.20. The firm has a 50 day moving average price of $259.90 and a 200 day moving average price of $258.55. The company has a market cap of $85.48 billion, a price-to-earnings ratio of 36.73, a PEG ratio of 3.21 and a beta of 0.99. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.10 and a current ratio of 1.60.

Estée Lauder Companies (NYSE:ELGet Rating) last released its earnings results on Thursday, August 18th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.10. Estée Lauder Companies had a net margin of 13.48% and a return on equity of 43.78%. The firm had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.48 billion. During the same period in the previous year, the firm earned $0.78 earnings per share. Estée Lauder Companies’s revenue was down 9.5% compared to the same quarter last year. Sell-side analysts predict that Estée Lauder Companies will post 7.51 earnings per share for the current year.

Estée Lauder Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $2.40 annualized dividend and a yield of 1.00%. Estée Lauder Companies’s dividend payout ratio is currently 36.81%.

Insider Transactions at Estée Lauder Companies

In related news, EVP Carl P. Haney sold 7,559 shares of the firm’s stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $252.05, for a total value of $1,905,245.95. Following the completion of the sale, the executive vice president now owns 3,296 shares in the company, valued at $830,756.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Carl P. Haney sold 7,559 shares of the firm’s stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $252.05, for a total value of $1,905,245.95. Following the completion of the sale, the executive vice president now owns 3,296 shares in the company, valued at $830,756.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Fabrizio Freda sold 19,709 shares of the firm’s stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $268.01, for a total transaction of $5,282,209.09. Following the completion of the sale, the chief executive officer now owns 116,792 shares of the company’s stock, valued at approximately $31,301,423.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 39,727 shares of company stock worth $10,591,510. Company insiders own 12.91% of the company’s stock.

Institutional Investors Weigh In On Estée Lauder Companies

Institutional investors have recently bought and sold shares of the business. Rise Advisors LLC acquired a new position in shares of Estée Lauder Companies during the fourth quarter worth $25,000. Truvestments Capital LLC acquired a new position in shares of Estée Lauder Companies during the second quarter worth $25,000. American National Bank lifted its position in shares of Estée Lauder Companies by 147.6% during the first quarter. American National Bank now owns 104 shares of the company’s stock worth $28,000 after purchasing an additional 62 shares in the last quarter. Icapital Wealth LLC acquired a new position in shares of Estée Lauder Companies during the first quarter worth $29,000. Finally, Key Financial Inc lifted its position in shares of Estée Lauder Companies by 2,180.0% during the first quarter. Key Financial Inc now owns 114 shares of the company’s stock worth $31,000 after purchasing an additional 109 shares in the last quarter. 56.96% of the stock is currently owned by hedge funds and other institutional investors.

About Estée Lauder Companies

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The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It 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.

Further Reading

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