Estée Lauder Companies (NYSE:EL) Reaches New 1-Year Low After Insider Selling

The Estée Lauder Companies Inc. (NYSE:EL)’s stock price reached a new 52-week low on Wednesday after an insider sold shares in the company. The stock traded as low as $63.14 and last traded at $63.15, with a volume of 3258928 shares traded. The stock had previously closed at $65.86.

Specifically, CEO Fabrizio Freda sold 10,969 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $67.76, for a total value of $743,259.44. Following the sale, the chief executive officer now owns 295,838 shares of the company’s stock, valued at approximately $20,045,982.88. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Stifel Nicolaus cut shares of Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $125.00 price objective on the stock. in a research note on Thursday, October 31st. TD Cowen dropped their price objective on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Bank of America dropped their price target on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Canaccord Genuity Group cut their price objective on Estée Lauder Companies from $100.00 to $75.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Finally, DA Davidson reissued a “buy” rating and set a $130.00 target price on shares of Estée Lauder Companies in a research report on Tuesday, October 29th. Nineteen investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $100.90.

Estée Lauder Companies Stock Down 4.3 %

The stock has a 50 day moving average of $88.99 and a 200 day moving average of $104.88. The firm has a market capitalization of $22.62 billion, a price-to-earnings ratio of 117.66, a P/E/G ratio of 1.17 and a beta of 1.05. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 1.44.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.05. The business had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.37 billion. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The business’s revenue was down 4.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.11 EPS. As a group, analysts expect that The Estée Lauder Companies Inc. will post 2.95 earnings per share for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date is Friday, November 29th. Estée Lauder Companies’s payout ratio is 250.00%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Armistice Capital LLC raised its stake in Estée Lauder Companies by 111.8% during the 2nd quarter. Armistice Capital LLC now owns 182,312 shares of the company’s stock valued at $19,398,000 after acquiring an additional 96,239 shares in the last quarter. Marshall Wace LLP boosted its holdings in shares of Estée Lauder Companies by 3,065.6% in the second quarter. Marshall Wace LLP now owns 1,983,083 shares of the company’s stock valued at $211,000,000 after acquiring an additional 1,920,439 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Estée Lauder Companies in the second quarter valued at approximately $6,043,000. Transcend Capital Advisors LLC acquired a new position in shares of Estée Lauder Companies during the second quarter valued at approximately $558,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in Estée Lauder Companies by 1.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 367,218 shares of the company’s stock worth $56,608,000 after purchasing an additional 5,915 shares in the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

About Estée Lauder Companies

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.