Estee Lauder Companies Inc (EL) Director Lynn Forester Sells 10,000 Shares

Estee Lauder Companies Inc (NYSE:EL) Director Lynn Forester sold 10,000 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $172.48, for a total value of $1,724,800.00. Following the transaction, the director now directly owns 14,000 shares in the company, valued at approximately $2,414,720. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

EL opened at $167.62 on Monday. The company has a market capitalization of $60.66 billion, a price-to-earnings ratio of 37.17, a price-to-earnings-growth ratio of 2.48 and a beta of 0.72. The company has a current ratio of 1.69, a quick ratio of 1.26 and a debt-to-equity ratio of 0.62. Estee Lauder Companies Inc has a 12-month low of $121.47 and a 12-month high of $180.20.

Estee Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $1.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.25. Estee Lauder Companies had a return on equity of 43.52% and a net margin of 12.45%. The company had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.56 billion. During the same quarter last year, the firm earned $1.17 EPS. Estee Lauder Companies’s revenue for the quarter was up 11.1% compared to the same quarter last year. Research analysts expect that Estee Lauder Companies Inc will post 5.21 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Thursday, May 30th. Estee Lauder Companies’s payout ratio is presently 38.14%.

Several large investors have recently made changes to their positions in EL. Oregon Public Employees Retirement Fund grew its holdings in shares of Estee Lauder Companies by 6,015.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,896,861 shares of the company’s stock worth $53,000 after purchasing an additional 6,784,090 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Estee Lauder Companies by 112.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,032,887 shares of the company’s stock worth $1,022,019,000 after purchasing an additional 3,716,962 shares in the last quarter. Norges Bank acquired a new stake in shares of Estee Lauder Companies during the 4th quarter worth approximately $233,786,000. FMR LLC grew its holdings in shares of Estee Lauder Companies by 10.9% during the 1st quarter. FMR LLC now owns 17,499,760 shares of the company’s stock worth $2,897,086,000 after purchasing an additional 1,724,423 shares in the last quarter. Finally, MERIAN GLOBAL INVESTORS UK Ltd grew its holdings in shares of Estee Lauder Companies by 673,732.9% during the 4th quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,125,301 shares of the company’s stock worth $146,401,000 after purchasing an additional 1,125,134 shares in the last quarter. 53.06% of the stock is currently owned by institutional investors.

A number of research analysts have recently commented on the company. Macquarie increased their price objective on Estee Lauder Companies from $170.00 to $195.00 and gave the company an “outperform” rating in a report on Thursday, May 2nd. BMO Capital Markets increased their price objective on Estee Lauder Companies from $155.00 to $180.00 and gave the company a “market perform” rating in a report on Thursday, May 2nd. Credit Suisse Group increased their price objective on Estee Lauder Companies from $175.00 to $185.00 and gave the company a “positive” rating in a report on Thursday, May 2nd. UBS Group increased their price objective on Estee Lauder Companies from $153.00 to $172.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Finally, Raymond James raised their target price on Estee Lauder Companies from $164.00 to $181.00 and gave the company an “outperform” rating in a report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have given a buy rating to the company. Estee Lauder Companies presently has an average rating of “Buy” and a consensus target price of $170.78.

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About Estee Lauder Companies

The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.

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