Estee Lauder Companies (NYSE:EL) Director Sells $5,693,860.00 in Stock

Key Points

• Director Paul Fribourg sold 58,000 Estée Lauder shares at an average price of $98.17, generating $5.69 million and reducing his direct stake by 12.2% to 417,300 shares.
• Estée Lauder shares fell 2.2% to $96.08. The company recently exceeded quarterly EPS and revenue estimates, with revenue rising 6.3% year over year.
• The company declared a quarterly dividend of $0.35 per share, equivalent to $1.40 annually and a 1.5% yield. Analysts’ consensus rating remains “Hold,” with an average price target of $104.67.

The Estee Lauder Companies Inc. (NYSE:EL - Get Free Report) Director Paul Fribourg sold 58,000 shares of the stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $98.17, for a total value of $5,693,860.00. Following the completion of the transaction, the director directly owned 417,300 shares of the company's stock, valued at $40,966,341. This represents a 12.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Estee Lauder Companies Stock Down 2.2%

Shares of EL traded down $2.14 on Tuesday, reaching $96.08. The stock had a trading volume of 1,942,317 shares, compared to its average volume of 3,899,674. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.90 and a current ratio of 1.22. The Estee Lauder Companies Inc. has a 12-month low of $66.22 and a 12-month high of $121.64. The firm has a market capitalization of $34.76 billion, a price-to-earnings ratio of 196.09, a price-to-earnings-growth ratio of 1.13 and a beta of 1.28. The company has a 50-day simple moving average of $90.60 and a 200-day simple moving average of $85.63.

Estee Lauder Companies (NYSE:EL - Get Free Report) last posted its quarterly earnings data on Wednesday, August 19th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.07. The business had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.55 billion. Estee Lauder Companies had a return on equity of 23.52% and a net margin of 1.21%.The firm's quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.09 earnings per share. Estee Lauder Companies has set its FY 2027 guidance at 3.100-3.350 EPS. Sell-side analysts predict that The Estee Lauder Companies Inc. will post 3.3 EPS for the current year.

Estee Lauder Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $1.40 annualized dividend and a yield of 1.5%. Estee Lauder Companies's payout ratio is presently 285.71%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of EL. New Mexico Educational Retirement Board lifted its holdings in shares of Estee Lauder Companies by 0.9% in the fourth quarter. New Mexico Educational Retirement Board now owns 10,724 shares of the company's stock worth $1,123,000 after buying an additional 100 shares in the last quarter. IFP Advisors Inc increased its holdings in Estee Lauder Companies by 35.2% in the 2nd quarter. IFP Advisors Inc now owns 415 shares of the company's stock valued at $33,000 after acquiring an additional 108 shares during the last quarter. Allworth Financial LP lifted its stake in Estee Lauder Companies by 6.6% in the 4th quarter. Allworth Financial LP now owns 1,789 shares of the company's stock worth $187,000 after purchasing an additional 110 shares in the last quarter. Cullen Frost Bankers Inc. lifted its stake in Estee Lauder Companies by 0.8% in the 4th quarter. Cullen Frost Bankers Inc. now owns 14,462 shares of the company's stock worth $1,514,000 after purchasing an additional 118 shares in the last quarter. Finally, Kestra Advisory Services LLC boosted its holdings in shares of Estee Lauder Companies by 3.1% during the 1st quarter. Kestra Advisory Services LLC now owns 4,520 shares of the company's stock valued at $324,000 after purchasing an additional 134 shares during the last quarter. Hedge funds and other institutional investors own 55.15% of the company's stock.

Wall Street Analyst Weigh In

EL has been the subject of a number of analyst reports. Piper Sandler raised their target price on shares of Estee Lauder Companies from $95.00 to $115.00 and gave the company an "overweight" rating in a research note on Thursday, August 20th. Telsey Advisory Group raised their price objective on Estee Lauder Companies from $90.00 to $108.00 and gave the company a "market perform" rating in a research report on Thursday, August 20th. The Goldman Sachs Group lifted their price objective on Estee Lauder Companies from $100.00 to $112.00 and gave the company a "buy" rating in a research note on Thursday, August 20th. B. Riley Financial reissued a "neutral" rating and issued a $100.00 target price (up from $85.00) on shares of Estee Lauder Companies in a report on Thursday, August 20th. Finally, TD Cowen increased their target price on Estee Lauder Companies from $90.00 to $100.00 and gave the stock a "hold" rating in a research note on Thursday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $104.67.

Estee Lauder Companies Company Profile

The Estée Lauder Companies Inc is a global beauty company that develops, manufactures and markets prestige skincare, makeup, fragrance and hair-care products. Its portfolio includes Estée Lauder, Clinique, M·A·C, Bobbi Brown Cosmetics, La Mer, Jo Malone London, Aveda, Tom Ford Beauty and The Ordinary, among other brands.

Founded in 1946 by Estée and Joseph Lauder, the company began with four skincare products and has expanded into a broad international beauty business. Its products are sold through department and specialty stores, freestanding stores, e-commerce platforms, travel retail locations and other distribution channels.

Estée Lauder Companies serves consumers in markets around the world, including North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa.

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