Estee Lauder Companies Inc (NYSE:EL) CEO Fabrizio Freda sold 98,262 shares of Estee Lauder Companies stock in a transaction on Thursday, February 7th. The shares were sold at an average price of $152.20, for a total value of $14,955,476.40. Following the transaction, the chief executive officer now owns 171,436 shares in the company, valued at $26,092,559.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Fabrizio Freda also recently made the following trade(s):
Get Estee Lauder Companies alerts: On Friday, November 16th, Fabrizio Freda sold 150,000 shares of Estee Lauder Companies stock. The shares were sold at an average price of $144.25, for a total value of $21,637,500.00.EL opened at $154.71 on Friday. The firm has a market cap of $56.14 billion, a PE ratio of 34.30, a P/E/G ratio of 2.46 and a beta of 0.65. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.71 and a quick ratio of 1.28. Estee Lauder Companies Inc has a fifty-two week low of $121.47 and a fifty-two week high of $158.80.
Estee Lauder Companies (NYSE:EL) last released its quarterly earnings data on Tuesday, February 5th. The company reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.20. The business had revenue of $4.01 billion during the quarter, compared to analyst estimates of $3.92 billion. Estee Lauder Companies had a return on equity of 40.38% and a net margin of 11.49%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same period last year, the company posted $1.52 EPS. Equities research analysts forecast that Estee Lauder Companies Inc will post 5.03 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Thursday, February 28th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Wednesday, February 27th. Estee Lauder Companies’s dividend payout ratio is presently 38.14%.
EL has been the topic of several research analyst reports. Goldman Sachs Group cut Estee Lauder Companies from a “neutral” rating to a “sell” rating and lowered their price target for the company from $171.00 to $116.00 in a research report on Tuesday, January 8th. Citigroup upgraded Estee Lauder Companies from a “neutral” rating to a “buy” rating and lifted their price target for the company from $145.00 to $155.00 in a research report on Wednesday, January 2nd. Wells Fargo & Co cut Estee Lauder Companies from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $165.00 to $135.00 in a research report on Thursday, January 10th. They noted that the move was a valuation call. Stifel Nicolaus lowered their price target on Estee Lauder Companies from $150.00 to $145.00 and set a “buy” rating on the stock in a research report on Monday, October 15th. Finally, Raymond James lifted their price target on Estee Lauder Companies from $151.00 to $154.00 and gave the company an “outperform” rating in a research report on Thursday, November 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and sixteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $153.45.
Several institutional investors and hedge funds have recently added to or reduced their stakes in EL. Vanguard Group Inc. boosted its position in shares of Estee Lauder Companies by 0.7% in the third quarter. Vanguard Group Inc. now owns 16,758,108 shares of the company’s stock worth $2,435,289,000 after buying an additional 117,152 shares during the period. Vanguard Group Inc boosted its position in shares of Estee Lauder Companies by 0.7% in the third quarter. Vanguard Group Inc now owns 16,758,108 shares of the company’s stock worth $2,435,289,000 after buying an additional 117,152 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Estee Lauder Companies by 112.1% in the third quarter. JPMorgan Chase & Co. now owns 7,032,887 shares of the company’s stock worth $1,022,019,000 after buying an additional 3,716,962 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of Estee Lauder Companies by 6,015.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,896,861 shares of the company’s stock worth $53,000 after buying an additional 6,784,090 shares during the period. Finally, Janus Henderson Group PLC boosted its position in shares of Estee Lauder Companies by 15.8% in the third quarter. Janus Henderson Group PLC now owns 5,143,117 shares of the company’s stock worth $747,400,000 after buying an additional 701,827 shares during the period. 54.38% of the stock is owned by institutional investors and hedge funds.
TRADEMARK VIOLATION NOTICE: “Fabrizio Freda Sells 98,262 Shares of Estee Lauder Companies Inc (EL) Stock” was originally reported by Ticker Report and is owned by of Ticker Report. If you are accessing this story on another site, it was illegally stolen and reposted in violation of international copyright legislation. The legal version of this story can be viewed at https://www.tickerreport.com/banking-finance/4140383/fabrizio-freda-sells-98262-shares-of-estee-lauder-companies-inc-el-stock.html.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.
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