Estee Lauder Companies Inc (NYSE:EL) announced a quarterly dividend on Wednesday, October 31st, RTT News reports. Investors of record on Friday, November 30th will be paid a dividend of 0.43 per share on Monday, December 17th. This represents a $1.72 annualized dividend and a dividend yield of 1.25%. This is a positive change from Estee Lauder Companies’s previous quarterly dividend of $0.38.
Estee Lauder Companies has raised its dividend by an average of 18.6% per year over the last three years and has increased its dividend every year for the last 4 years.
Shares of EL opened at $137.44 on Thursday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.86 and a quick ratio of 1.37. Estee Lauder Companies has a one year low of $110.52 and a one year high of $158.80. The company has a market cap of $48.18 billion, a P/E ratio of 30.47, a PEG ratio of 2.34 and a beta of 0.61.
In other Estee Lauder Companies news, Director Jane Lauder sold 36,334 shares of the company’s stock in a transaction dated Thursday, August 23rd. The stock was sold at an average price of $133.23, for a total transaction of $4,840,778.82. Following the sale, the director now owns 45,037 shares in the company, valued at approximately $6,000,279.51. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Ronald S. Foundation Lauder sold 15,700 shares of the company’s stock in a transaction dated Thursday, September 6th. The stock was sold at an average price of $139.32, for a total value of $2,187,324.00. Following the sale, the insider now owns 82,671 shares in the company, valued at approximately $11,517,723.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 107,756 shares of company stock worth $14,739,082. 16.13% of the stock is owned by corporate insiders.
Several analysts recently commented on EL shares. Wells Fargo & Co dropped their price target on Estee Lauder Companies from $168.00 to $165.00 and set an “outperform” rating for the company in a research report on Wednesday, October 17th. JPMorgan Chase & Co. lowered Estee Lauder Companies from an “overweight” rating to a “neutral” rating and set a $138.00 price objective on the stock. in a research note on Friday, October 12th. Citigroup lowered their price objective on Estee Lauder Companies from $158.00 to $149.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 21st. Atlantic Securities initiated coverage on Estee Lauder Companies in a research note on Thursday, September 20th. They set an “overweight” rating and a $162.00 price objective on the stock. Finally, Stifel Nicolaus lowered their price objective on Estee Lauder Companies from $150.00 to $145.00 and set a “buy” rating on the stock in a research note on Monday, October 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $145.87.
Estee Lauder Companies Company Profile
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.
Recommended Story: What are the benefits of buying treasury bonds?
Receive News & Ratings for Estee Lauder Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Estee Lauder Companies and related companies with MarketBeat.com's FREE daily email newsletter.