The Estée Lauder Companies Inc. (NYSE:EL) Shares Acquired by Crystal Rock Capital Management

Crystal Rock Capital Management lifted its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 3.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,538 shares of the company’s stock after buying an additional 1,550 shares during the period. Estée Lauder Companies makes up approximately 2.7% of Crystal Rock Capital Management’s investment portfolio, making the stock its 15th biggest holding. Crystal Rock Capital Management’s holdings in Estée Lauder Companies were worth $4,540,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Crewe Advisors LLC acquired a new stake in shares of Estée Lauder Companies during the first quarter worth $35,000. Rothschild Investment LLC acquired a new position in Estée Lauder Companies during the second quarter valued at $30,000. PARK CIRCLE Co acquired a new position in Estée Lauder Companies during the second quarter valued at $32,000. Kimelman & Baird LLC acquired a new position in Estée Lauder Companies during the second quarter valued at $32,000. Finally, Ashton Thomas Securities LLC acquired a new position in Estée Lauder Companies during the third quarter valued at $31,000. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Estée Lauder Companies Stock Performance

EL opened at $64.58 on Tuesday. The firm has a market capitalization of $23.18 billion, a PE ratio of 115.32, a PEG ratio of 3.86 and a beta of 1.05. The Estée Lauder Companies Inc. has a twelve month low of $62.88 and a twelve month high of $159.75. The firm’s 50-day moving average price is $86.83 and its 200 day moving average price is $102.55. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 1.44.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The firm had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.37 billion. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. Estée Lauder Companies’s quarterly revenue was down 4.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.11 earnings per share. As a group, sell-side analysts expect that The Estée Lauder Companies Inc. will post 1.59 EPS for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.40 dividend on an annualized basis and a yield of 2.17%. Estée Lauder Companies’s payout ratio is presently 471.43%.

Insider Buying and Selling

In other Estée Lauder Companies news, CEO Fabrizio Freda sold 10,969 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $67.76, for a total value of $743,259.44. Following the transaction, the chief executive officer now directly owns 295,838 shares in the company, valued at $20,045,982.88. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Estée Lauder Companies news, Director Charlene Barshefsky sold 3,437 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total value of $315,963.41. Following the transaction, the director now directly owns 49,800 shares in the company, valued at $4,578,114. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Fabrizio Freda sold 10,969 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $67.76, for a total transaction of $743,259.44. Following the completion of the transaction, the chief executive officer now owns 295,838 shares in the company, valued at $20,045,982.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,296 shares of company stock worth $1,423,366. 12.78% of the stock is owned by insiders.

Analysts Set New Price Targets

EL has been the subject of a number of research reports. StockNews.com downgraded shares of Estée Lauder Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. B. Riley decreased their target price on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “neutral” rating for the company in a research report on Monday, November 4th. The Goldman Sachs Group decreased their target price on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. TD Cowen decreased their target price on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating for the company in a research report on Friday, November 1st. Finally, Citigroup cut shares of Estée Lauder Companies from a “buy” rating to a “neutral” rating and cut their price objective for the company from $105.00 to $80.00 in a report on Thursday, October 31st. Nineteen research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $100.90.

Estée Lauder Companies Company Profile

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, and powders, as well as compacts, brushes, and other makeup tools.