The Estée Lauder Companies Inc. (NYSE:EL) Director Purchases $2,853,050.00 in Stock

The Estée Lauder Companies Inc. (NYSE:EL) Director Paul J. Fribourg acquired 43,000 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The shares were purchased at an average cost of $66.35 per share, for a total transaction of $2,853,050.00. Following the completion of the acquisition, the director now directly owns 430,800 shares in the company, valued at approximately $28,583,580. This represents a 11.09 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Estée Lauder Companies Stock Performance

Estée Lauder Companies stock opened at $65.09 on Monday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.90 and a current ratio of 1.37. The company has a market capitalization of $23.36 billion, a PE ratio of -33.38, a P/E/G ratio of 5.43 and a beta of 1.03. The company has a 50 day moving average price of $76.72 and a 200-day moving average price of $82.89. The Estée Lauder Companies Inc. has a fifty-two week low of $62.29 and a fifty-two week high of $159.54.

Estée Lauder Companies (NYSE:EL) last issued its earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.30. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The business had revenue of $4 billion during the quarter, compared to analyst estimates of $3.98 billion. During the same period in the previous year, the company posted $0.88 EPS. Estée Lauder Companies’s revenue was down 6.4% on a year-over-year basis. As a group, equities analysts forecast that The Estée Lauder Companies Inc. will post 1.37 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date is Friday, February 28th. Estée Lauder Companies’s dividend payout ratio (DPR) is presently -71.79%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in EL. Sequoia Financial Advisors LLC bought a new position in shares of Estée Lauder Companies in the 4th quarter worth $358,000. AGF Management Ltd. purchased a new position in Estée Lauder Companies in the fourth quarter valued at about $213,000. Markel Group Inc. raised its holdings in Estée Lauder Companies by 7.1% in the fourth quarter. Markel Group Inc. now owns 15,000 shares of the company’s stock worth $1,125,000 after purchasing an additional 1,000 shares in the last quarter. Channing Capital Management LLC lifted its position in shares of Estée Lauder Companies by 43.5% during the fourth quarter. Channing Capital Management LLC now owns 96,366 shares of the company’s stock valued at $7,226,000 after buying an additional 29,202 shares during the last quarter. Finally, Marathon Trading Investment Management LLC bought a new stake in shares of Estée Lauder Companies in the 4th quarter valued at about $1,162,000. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on EL shares. Morgan Stanley decreased their price target on shares of Estée Lauder Companies from $85.00 to $81.00 and set an “equal weight” rating on the stock in a research note on Thursday. Telsey Advisory Group restated a “market perform” rating and set a $76.00 target price on shares of Estée Lauder Companies in a research report on Tuesday, February 4th. Citigroup lowered Estée Lauder Companies from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $105.00 to $80.00 in a research report on Thursday, October 31st. Piper Sandler upped their price objective on Estée Lauder Companies from $91.00 to $98.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Finally, The Goldman Sachs Group dropped their target price on Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Twenty research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $86.00.

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.