The Estée Lauder Companies Inc. (NYSE:EL) Director Paul J. Fribourg Purchases 43,000 Shares

The Estée Lauder Companies Inc. (NYSE:EL) Director Paul J. Fribourg acquired 43,000 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were bought at an average price of $66.35 per share, for a total transaction of $2,853,050.00. Following the acquisition, the director now directly owns 430,800 shares of the company’s stock, valued at approximately $28,583,580. This trade represents a 11.09 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Estée Lauder Companies Stock Up 1.3 %

Shares of NYSE EL opened at $65.09 on Friday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 0.90. The stock has a market capitalization of $23.36 billion, a PE ratio of 116.23, a P/E/G ratio of 5.89 and a beta of 1.03. The Estée Lauder Companies Inc. has a one year low of $62.29 and a one year high of $159.54. The business’s fifty day moving average price is $76.86 and its 200-day moving average price is $83.26.

Estée Lauder Companies (NYSE:EL) last issued its earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.30. The firm had revenue of $4 billion during the quarter, compared to analyst estimates of $3.98 billion. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The company’s quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter last year, the business earned $0.88 earnings per share. On average, equities research analysts anticipate that The Estée Lauder Companies Inc. will post 1.5 EPS for the current year.

Estée Lauder Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a yield of 2.15%. Estée Lauder Companies’s payout ratio is 250.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft lowered their target price on Estée Lauder Companies from $80.00 to $78.00 and set a “hold” rating on the stock in a research report on Wednesday, January 22nd. Morgan Stanley decreased their target price on shares of Estée Lauder Companies from $85.00 to $81.00 and set an “equal weight” rating for the company in a research report on Thursday. Piper Sandler raised their price target on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Wells Fargo & Company boosted their price objective on Estée Lauder Companies from $74.00 to $80.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. Finally, UBS Group raised their target price on Estée Lauder Companies from $74.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday, January 16th. Twenty equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $86.00.

Institutional Investors Weigh In On Estée Lauder Companies

Institutional investors have recently made changes to their positions in the stock. Ameliora Wealth Management Ltd. bought a new stake in shares of Estée Lauder Companies during the 4th quarter valued at $29,000. Deseret Mutual Benefit Administrators grew its holdings in Estée Lauder Companies by 68.7% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company’s stock valued at $29,000 after buying an additional 158 shares in the last quarter. Eagle Bay Advisors LLC increased its position in shares of Estée Lauder Companies by 297.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock valued at $30,000 after buying an additional 300 shares during the period. Golden State Wealth Management LLC purchased a new stake in shares of Estée Lauder Companies in the fourth quarter worth about $30,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of Estée Lauder Companies in the third quarter valued at approximately $31,000. Hedge funds and other institutional investors own 55.15% of the company’s stock.

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.