EL has been the subject of a number of other reports. Oppenheimer reaffirmed a buy rating and issued a $120.00 target price (up from $110.00) on shares of Estee Lauder Companies in a research report on Wednesday, September 20th. Royal Bank Of Canada set a $115.00 target price on Estee Lauder Companies and gave the company a buy rating in a research report on Monday, October 23rd. Zacks Investment Research lowered Estee Lauder Companies from a buy rating to a hold rating in a research report on Monday, August 21st. Piper Jaffray Companies set a $135.00 price target on Estee Lauder Companies and gave the company a buy rating in a research note on Wednesday, November 1st. Finally, BMO Capital Markets upgraded Estee Lauder Companies from an underperform rating to a market perform rating and lifted their price target for the company from $83.00 to $107.00 in a research note on Monday, August 21st. Six equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. Estee Lauder Companies presently has an average rating of Buy and a consensus target price of $118.14.
Estee Lauder Companies (NYSE EL) opened at $125.34 on Friday. Estee Lauder Companies has a 12-month low of $75.83 and a 12-month high of $126.99. The firm has a market capitalization of $45,944.80, a PE ratio of 32.41, a PEG ratio of 2.41 and a beta of 0.71. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.75 and a quick ratio of 1.27.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Wednesday, November 29th. This is an increase from Estee Lauder Companies’s previous quarterly dividend of $0.34. Estee Lauder Companies’s payout ratio is presently 41.08%.
In other news, insider John Demsey sold 8,048 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $107.87, for a total value of $868,137.76. Following the transaction, the insider now owns 18,217 shares in the company, valued at approximately $1,965,067.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider 1992 Grat Remainder Trust Fbo sold 571,351 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $125.44, for a total value of $71,670,269.44. The disclosure for this sale can be found here. Insiders sold a total of 1,565,147 shares of company stock worth $194,485,640 in the last 90 days. Company insiders own 16.24% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Acrospire Investment Management LLC lifted its stake in Estee Lauder Companies by 2,291.7% in the second quarter. Acrospire Investment Management LLC now owns 1,148 shares of the company’s stock valued at $110,000 after purchasing an additional 1,100 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in Estee Lauder Companies by 126.1% in the third quarter. Parkside Financial Bank & Trust now owns 1,135 shares of the company’s stock valued at $123,000 after purchasing an additional 633 shares during the last quarter. Shine Investment Advisory Services Inc. purchased a new position in Estee Lauder Companies in the second quarter valued at approximately $147,000. Sun Life Financial INC lifted its stake in Estee Lauder Companies by 16,290.0% in the second quarter. Sun Life Financial INC now owns 1,639 shares of the company’s stock valued at $157,000 after purchasing an additional 1,629 shares during the last quarter. Finally, Bessemer Group Inc. lifted its stake in Estee Lauder Companies by 4.8% in the second quarter. Bessemer Group Inc. now owns 1,866 shares of the company’s stock valued at $179,000 after purchasing an additional 86 shares during the last quarter. Institutional investors and hedge funds own 53.87% of the company’s stock.
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About Estee Lauder Companies
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.
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