The Estée Lauder Companies Inc. (NYSE:EL – Get Rating) EVP Carl P. Haney sold 7,559 shares of the business’s stock in a transaction that occurred on Friday, September 9th. The stock was 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 of the company’s stock, valued at approximately $830,756.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Estée Lauder Companies Trading Up 1.4%

Shares of NYSE EL traded up $3.61 during midday trading on Monday, hitting $256.51. The company’s stock had a trading volume of 35,849 shares, compared to its average volume of 1,538,693. The company has a current ratio of 1.60, a quick ratio of 1.10 and a debt-to-equity ratio of 0.92. The business’s 50 day moving average is $261.03 and its two-hundred day moving average is $260.51. The Estée Lauder Companies Inc. has a 12-month low of $225.39 and a 12-month high of $374.20. The firm has a market cap of $91.55 billion, a P/E ratio of 39.67, a price-to-earnings-growth ratio of 3.39 and a beta of 0.99.

Estée Lauder Companies (NYSE:EL – Get Rating) last issued its quarterly earnings results on Thursday, August 18th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.10. Estée Lauder Companies had a return on equity of 43.78% and a net margin of 13.48%. The firm had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.48 billion. During the same period in the prior year, the business posted $0.78 earnings per share. The The company’s revenue for the quarter was down 9.5% on a year-over-year basis. As a group, equities research analysts expect that The Estée Lauder Companies Inc. will post 7.52 EPS for the current year.

Estée Lauder Companies Announces Dividend

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The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, August 30th . This represents a $2.40 annualized dividend and a yield of 0.94%. Estée Lauder Companies’s payout ratio is currently 36.81%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Estée Lauder Companies in the 4th quarter worth $858,734,000. BlackRock Inc. increased its stake 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 in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in Estée Lauder Companies by 281.3% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,512,608 shares of the company’s stock worth $385,452,000 after buying an additional 1,115,869 shares in the last quarter. 1832 Asset Management LP increased its stake in Estée Lauder Companies by 238.8% during the 4th quarter. 1832 Asset Management LP now owns 1,200,727 shares of the company’s stock worth $445,780,000 after buying an a dditional 846,290 shares in the last quarter. Finally, Voya Investment Management LLC increased its stake in Estée Lauder Companies by 581.7% during the 2nd quarter. Voya Investment Management LLC now owns 782,436 shares of the company’s stock worth $199,263,000 after buying an additional 667,656 shares in the last quarter. 56.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EL has been the subject of a number of recent research reports. Royal Bank of Canada dropped their target price on Estée Lauder Companies from $322.00 to $313.00 and set an “outperform” rating for the company in a research report on Friday, August 19th. UBS Group lifted their price target on Estée Lauder Companies from $266.00 to $289.00 and gave the stock a “neutral” rating in a research note on Friday, August 19th. JPMorgan Chase & Co. decreased their price target on Estée Lauder Companies from $270.00 to $265.00 in a research note on Thursday, July 21st. Societe Generale decreased their price target on Estée Lauder Companies to $258.00 and set a “na” rating on the stock in a research note on Monday, May 16th. Finally, Credit Suisse Group decreased their price target on Estée Lauder Companies from $310.00 to $308.00 and set an “outperform” rating on the stock in a research note on Friday, August 19th. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Estée Lauder Companies currently has an average rating of “Moderate Buy” and a consensus target price of $318.65.

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. 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.

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