Insider Selling: Estee Lauder Companies, Inc. (The) (EL) EVP Sells $2,750,000.00 in Stock

Estee Lauder Companies, Inc. (The) (NYSE:EL) EVP Gregory Polcer sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $110.00, for a total transaction of $2,750,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Gregory Polcer also recently made the following trade(s):

  • On Friday, September 22nd, Gregory Polcer sold 2,730 shares of Estee Lauder Companies, Inc. (The) stock. The stock was sold at an average price of $108.11, for a total transaction of $295,140.30.

Shares of Estee Lauder Companies, Inc. (NYSE EL) opened at 109.74 on Monday. Estee Lauder Companies, Inc. has a 12-month low of $75.29 and a 12-month high of $110.99. The firm has a 50-day moving average price of $107.96 and a 200-day moving average price of $96.89. The firm has a market cap of $40.38 billion, a P/E ratio of 32.76 and a beta of 0.67.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last announced its quarterly earnings data on Friday, August 18th. The company reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.08. The business had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.86 billion. Estee Lauder Companies, Inc. (The) had a return on equity of 32.38% and a net margin of 10.56%. The company’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.43 earnings per share. On average, equities research analysts expect that Estee Lauder Companies, Inc. will post $3.98 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were issued a $0.34 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $1.36 annualized dividend and a dividend yield of 1.24%. Estee Lauder Companies, Inc. (The)’s dividend payout ratio (DPR) is 40.60%.

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A number of brokerages have recently issued reports on EL. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $120.00 target price (up from $110.00) on shares of Estee Lauder Companies, Inc. (The) in a research report on Wednesday, September 20th. Zacks Investment Research lowered shares of Estee Lauder Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Monday, August 21st. Jefferies Group LLC raised their target price on shares of Estee Lauder Companies, Inc. (The) from $112.00 to $122.00 and gave the stock a “hold” rating in a research report on Thursday, September 7th. BMO Capital Markets upgraded shares of Estee Lauder Companies, Inc. (The) from an “underperform” rating to a “market perform” rating and raised their target price for the stock from $83.00 to $107.00 in a research report on Monday, August 21st. Finally, Deutsche Bank AG raised their target price on shares of Estee Lauder Companies, Inc. (The) from $108.00 to $119.00 and gave the stock a “buy” rating in a research report on Monday, August 21st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. Estee Lauder Companies, Inc. (The) currently has an average rating of “Buy” and an average target price of $110.48.

Institutional investors have recently made changes to their positions in the company. American Beacon Advisors Inc. acquired a new stake in shares of Estee Lauder Companies, Inc. (The) in the first quarter valued at $100,000. Israel Discount Bank of New York acquired a new stake in shares of Estee Lauder Companies, Inc. (The) in the first quarter valued at $110,000. Acrospire Investment Management LLC lifted its holdings in shares of Estee Lauder Companies, Inc. (The) by 2,291.7% in the second quarter. Acrospire Investment Management LLC now owns 1,148 shares of the company’s stock valued at $110,000 after buying an additional 1,100 shares during the period. First Interstate Bank acquired a new stake in shares of Estee Lauder Companies, Inc. (The) in the first quarter valued at $114,000. Finally, Shine Investment Advisory Services Inc. acquired a new stake in shares of Estee Lauder Companies, Inc. (The) in the second quarter valued at $147,000. Institutional investors and hedge funds own 54.59% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Estee Lauder Companies, Inc. (The) (NYSE:EL)

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