The Estée Lauder Companies Inc. (NYSE:EL) Director Paul J. Fribourg Acquires 75,500 Shares

The Estée Lauder Companies Inc. (NYSE:EL) Director Paul J. Fribourg acquired 75,500 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was purchased at an average cost of $64.93 per share, with a total value of $4,902,215.00. Following the purchase, the director now owns 310,000 shares of the company’s stock, valued at $20,128,300. The trade was a 32.20 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Estée Lauder Companies Price Performance

Shares of EL opened at $64.81 on Wednesday. The company has a 50 day moving average of $83.81 and a two-hundred day moving average of $99.36. 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 Estée Lauder Companies Inc. has a twelve month low of $62.29 and a twelve month high of $159.75. The company has a market cap 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.

Estée Lauder Companies (NYSE:EL) last announced its earnings results 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 firm had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.37 billion. During the same period in the previous year, the business earned $0.11 EPS. The firm’s revenue for the quarter was down 4.5% on a year-over-year basis. As a group, analysts predict that The Estée Lauder Companies Inc. will post 1.59 earnings per share for the current fiscal year.

Estée Lauder Companies Cuts Dividend

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

Institutional Trading of Estée Lauder Companies

A number of institutional investors have recently bought and sold shares of the stock. Aptus Capital Advisors LLC lifted its position in Estée Lauder Companies by 6.3% during the 2nd quarter. Aptus Capital Advisors LLC now owns 2,144 shares of the company’s stock worth $228,000 after acquiring an additional 127 shares during the period. Canandaigua National Bank & Trust Co. lifted its holdings in shares of Estée Lauder Companies by 2.1% during the second quarter. Canandaigua National Bank & Trust Co. now owns 7,109 shares of the company’s stock worth $756,000 after purchasing an additional 145 shares during the period. Farther Finance Advisors LLC boosted its position in Estée Lauder Companies by 30.9% in the third quarter. Farther Finance Advisors LLC now owns 639 shares of the company’s stock valued at $64,000 after buying an additional 151 shares during the last quarter. Horizon Bancorp Inc. IN boosted its position in Estée Lauder Companies by 22.3% in the second quarter. Horizon Bancorp Inc. IN now owns 844 shares of the company’s stock valued at $90,000 after buying an additional 154 shares during the last quarter. Finally, City Holding Co. increased its holdings in Estée Lauder Companies by 2.1% in the 2nd quarter. City Holding Co. now owns 7,950 shares of the company’s stock worth $846,000 after buying an additional 165 shares during the period. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EL has been the subject of a number of research analyst reports. HSBC lowered Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $100.00 price target for the company. in a research note on Wednesday, October 16th. Canaccord Genuity Group reduced their target price on Estée Lauder Companies from $100.00 to $75.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. JPMorgan Chase & Co. cut shares of Estée Lauder Companies from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $113.00 to $74.00 in a report on Friday, November 1st. Wells Fargo & Company lowered shares of Estée Lauder Companies from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $105.00 to $72.00 in a report on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Estée Lauder Companies from $98.00 to $75.00 and set a “hold” rating on the stock in a research note on Monday, November 4th. Nineteen investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average 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.