Paul J. Fribourg Acquires 75,500 Shares of The Estée Lauder Companies Inc. (NYSE:EL) Stock

The Estée Lauder Companies Inc. (NYSE:EL) Director Paul J. Fribourg acquired 75,500 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average cost of $64.93 per share, with a total value of $4,902,215.00. Following the completion of the purchase, the director now owns 310,000 shares of the company’s stock, valued at $20,128,300. This trade represents a 32.20 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Estée Lauder Companies Stock Up 2.3 %

EL opened at $66.85 on Friday. The stock has a fifty day moving average of $83.08 and a 200-day moving average of $98.90. The company has a market capitalization of $24.00 billion, a P/E ratio of 119.37, a P/E/G ratio of 3.91 and a beta of 1.05. The Estée Lauder Companies Inc. has a fifty-two week low of $62.29 and a fifty-two week high of $159.75. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.90 and a current ratio of 1.32.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.05. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The business had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.37 billion. During the same quarter in the previous year, the company earned $0.11 EPS. The business’s revenue was down 4.5% on a year-over-year basis. On average, equities analysts expect that The Estée Lauder Companies Inc. will post 1.59 EPS for the current year.

Estée Lauder Companies Cuts Dividend

The business 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. This represents a $1.40 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend is Friday, November 29th. Estée Lauder Companies’s dividend payout ratio is currently 471.43%.

Analyst Upgrades and Downgrades

EL has been the topic of several recent analyst reports. Citigroup lowered Estée Lauder Companies from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $105.00 to $80.00 in a report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft decreased their price objective on Estée Lauder Companies from $98.00 to $75.00 and set a “hold” rating for the company in a research report on Monday, November 4th. UBS Group dropped their target price on shares of Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating on the stock in a report on Tuesday, August 20th. The Goldman Sachs Group cut their price target on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Finally, Piper Sandler increased their price objective on shares of Estée Lauder Companies from $114.00 to $122.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Nineteen analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Estée Lauder Companies currently has an average rating of “Hold” and a consensus price target of $98.57.

Hedge Funds Weigh In On Estée Lauder Companies

Hedge funds have recently added to or reduced their stakes in the stock. Rothschild Investment LLC bought a new position in shares of Estée Lauder Companies in the second quarter worth $30,000. Ashton Thomas Securities LLC bought a new position in Estée Lauder Companies in the 3rd quarter valued at about $31,000. PARK CIRCLE Co bought a new position in Estée Lauder Companies in the 2nd quarter valued at about $32,000. Kimelman & Baird LLC bought a new stake in shares of Estée Lauder Companies during the 2nd quarter worth approximately $32,000. Finally, Crewe Advisors LLC acquired a new stake in shares of Estée Lauder Companies during the 1st quarter worth approximately $35,000. Institutional investors own 55.15% of the company’s stock.

About Estée Lauder Companies

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.