Investors Sell Estee Lauder Companies, Inc. (The) (EL) on Strength on Insider Selling

Traders sold shares of Estee Lauder Companies, Inc. (The) (NYSE:EL) on strength during trading hours on Wednesday after an insider sold shares in the company. $169.01 million flowed into the stock on the tick-up and $203.78 million flowed out of the stock on the tick-down, for a money net flow of $34.77 million out of the stock. Of all equities tracked, Estee Lauder Companies, Inc. (The) had the 0th highest net out-flow for the day. Estee Lauder Companies, Inc. (The) traded up $2.71 for the day and closed at $103.77Specifically, insider Fabrizio Freda sold 15,880 shares of the stock in a transaction dated Thursday, July 6th. The shares were sold at an average price of $95.08, for a total transaction of $1,509,870.40. Following the sale, the insider now directly owns 74,188 shares of the company’s stock, valued at approximately $7,053,795.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Charlene Barshefsky sold 2,383 shares of the stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $92.98, for a total transaction of $221,571.34. Following the sale, the director now directly owns 4,000 shares in the company, valued at $371,920. The disclosure for this sale can be found here. Over the last quarter, insiders sold 69,651 shares of company stock valued at $6,752,599. 16.98% of the stock is owned by company insiders.

A number of brokerages have recently issued reports on EL. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $110.00 price target (up previously from $100.00) on shares of Estee Lauder Companies, Inc. (The) in a report on Thursday, August 10th. Wells Fargo & Company reaffirmed a “buy” rating and set a $112.00 price target on shares of Estee Lauder Companies, Inc. (The) in a report on Friday, August 11th. Royal Bank Of Canada set a $100.00 price target on shares of Estee Lauder Companies, Inc. (The) and gave the company a “buy” rating in a report on Wednesday, August 9th. Piper Jaffray Companies set a $95.00 price objective on shares of Estee Lauder Companies, Inc. (The) and gave the stock a “buy” rating in a report on Friday. Finally, Stifel Nicolaus set a $108.00 price objective on shares of Estee Lauder Companies, Inc. (The) and gave the stock a “buy” rating in a report on Friday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and seventeen have issued a buy rating to the company. Estee Lauder Companies, Inc. (The) has a consensus rating of “Buy” and a consensus target price of $100.83.

The stock’s 50 day moving average price is $98.14 and its 200 day moving average price is $90.95. The company has a market capitalization of $38.96 billion, a PE ratio of 35.50 and a beta of 0.72.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last issued its earnings results on Friday, August 18th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.08. Estee Lauder Companies, Inc. (The) had a return on equity of 33.40% and a net margin of 9.62%. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.86 billion. During the same quarter last year, the company earned $0.43 EPS. The business’s quarterly revenue was up 9.4% on a year-over-year basis. On average, equities research analysts predict that Estee Lauder Companies, Inc. will post $3.40 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Tuesday, August 29th. Estee Lauder Companies, Inc. (The)’s dividend payout ratio (DPR) is presently 45.48%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EL. Columbus Circle Investors purchased a new position in Estee Lauder Companies, Inc. (The) during the first quarter valued at approximately $27,714,000. Mn Services Vermogensbeheer B.V. raised its position in Estee Lauder Companies, Inc. (The) by 3.9% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 5,928 shares of the company’s stock valued at $470,000 after buying an additional 223 shares during the period. Nicolet Bankshares Inc. purchased a new position in Estee Lauder Companies, Inc. (The) during the second quarter valued at approximately $289,000. Lloyds Banking Group plc raised its position in Estee Lauder Companies, Inc. (The) by 1.4% in the second quarter. Lloyds Banking Group plc now owns 1,887 shares of the company’s stock valued at $181,000 after buying an additional 26 shares during the period. Finally, DUPONT CAPITAL MANAGEMENT Corp purchased a new position in Estee Lauder Companies, Inc. (The) during the first quarter valued at approximately $5,713,000. 55.38% of the stock is currently owned by institutional investors.

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About Estee Lauder Companies, Inc. (The)

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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