Estee Lauder Companies, Inc. (The) (EL) Director Paul J. Fribourg Sells 32,640 Shares

Estee Lauder Companies, Inc. (The) (NYSE:EL) Director Paul J. Fribourg sold 32,640 shares of the business’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $106.18, for a total transaction of $3,465,715.20. Following the sale, the director now directly owns 15,216 shares in the company, valued at approximately $1,615,634.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of Estee Lauder Companies, Inc. (NYSE EL) traded down 0.29% during mid-day trading on Friday, reaching $109.69. 1,896,840 shares of the company’s stock were exchanged. Estee Lauder Companies, Inc. has a one year low of $75.30 and a one year high of $110.99. The company has a market capitalization of $40.36 billion, a PE ratio of 32.74 and a beta of 0.67. The company’s 50-day moving average price is $104.20 and its 200-day moving average price is $94.26.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last announced its quarterly earnings data on Friday, August 18th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.43 by $0.08. Estee Lauder Companies, Inc. (The) had a net margin of 10.56% and a return on equity of 32.38%. The business had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.86 billion. During the same period in the previous year, the business posted $0.43 EPS. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, equities analysts expect that Estee Lauder Companies, Inc. will post $3.97 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Tuesday, August 29th. Estee Lauder Companies, Inc. (The)’s payout ratio is 40.60%.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the business. W. E. Donoghue & Co. LLC acquired a new stake in Estee Lauder Companies, Inc. (The) during the 2nd quarter valued at approximately $2,203,000. Regents of The University of California acquired a new stake in Estee Lauder Companies, Inc. (The) during the 2nd quarter valued at approximately $3,206,000. Toronto Dominion Bank lifted its stake in Estee Lauder Companies, Inc. (The) by 26.4% during the 2nd quarter. Toronto Dominion Bank now owns 75,819 shares of the company’s stock valued at $7,276,000 after acquiring an additional 15,840 shares during the period. Archford Capital Strategies LLC lifted its stake in Estee Lauder Companies, Inc. (The) by 11,775.0% during the 2nd quarter. Archford Capital Strategies LLC now owns 6,650 shares of the company’s stock valued at $256,000 after acquiring an additional 6,594 shares during the period. Finally, Advisory Services Network LLC lifted its stake in Estee Lauder Companies, Inc. (The) by 213.2% during the 2nd quarter. Advisory Services Network LLC now owns 6,424 shares of the company’s stock valued at $617,000 after acquiring an additional 4,373 shares during the period. Institutional investors and hedge funds own 54.63% of the company’s stock.

Several equities research analysts recently commented on the stock. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $110.00 price objective (up previously from $100.00) on shares of Estee Lauder Companies, Inc. (The) in a research note on Thursday, August 10th. Piper Jaffray Companies reissued an “overweight” rating and set a $112.00 price objective (up previously from $95.00) on shares of Estee Lauder Companies, Inc. (The) in a research note on Monday, August 21st. Macquarie assumed coverage on shares of Estee Lauder Companies, Inc. (The) in a research note on Friday. They set an “outperform” rating and a $124.00 price objective on the stock. Wells Fargo & Company reissued a “buy” rating and set a $112.00 price objective on shares of Estee Lauder Companies, Inc. (The) in a research note on Friday, August 11th. Finally, Royal Bank Of Canada set a $100.00 price objective on shares of Estee Lauder Companies, Inc. (The) and gave the stock a “buy” rating in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $109.41.

Estee Lauder Companies, Inc. (The) Company Profile

The Estee Lauder Companies Inc manufactures and markets skin care, makeup, fragrance and hair care products. The Company offers products, including skin care, makeup, fragrance, hair care and other. The Company operates in beauty products segment. The Company’s products are sold in over 150 countries and territories under brand names, including Estee Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, MAC, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frederic Malle, GLAMGLOW, By Kilian, BECCA and Too Faced.

Insider Buying and Selling by Quarter for Estee Lauder Companies, Inc. (The) (NYSE:EL)

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