Barry S. Sternlicht Sells 4,736 Shares of The Estée Lauder Companies Inc. (NYSE:EL) Stock - MarketBeat

2022-08-26 22:50:21 By : Ms. Lily Li

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The Estée Lauder Companies Inc. (NYSE:EL - Get Rating) Director Barry S. Sternlicht sold 4,736 shares of Estée Lauder Companies stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $274.31, for a total value of $1,299,132.16. Following the completion of the sale, the director now directly owns 30,982 shares of the company's stock, valued at approximately $8,498,672.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Estée Lauder Companies Stock Performance

EL traded down $10.69 on Friday, reaching $266.63. The stock had a trading volume of 35,155 shares, compared to its average volume of 1,213,914. The business's 50-day moving average price is $261.26 and its two-hundred day moving average price is $265.13. The company has a market cap of $95.28 billion, a P/E ratio of 41.05, a price-to-earnings-growth ratio of 3.56 and a beta of 0.97. The Estée Lauder Companies Inc. has a 12-month low of $225.39 and a 12-month high of $374.20. The company has a current ratio of 1.60, a quick ratio of 1.10 and a debt-to-equity ratio of 0.92.

Estée Lauder Companies (NYSE:EL - Get Rating) last released its quarterly earnings results on Thursday, August 18th. The company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.10. The company had revenue of $3.56 billion during the quarter, compared to analysts' expectations of $3.48 billion. Estée Lauder Companies had a return on equity of 43.78% and a net margin of 13.48%. Estée Lauder Companies's quarterly revenue was down 9.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.78 EPS. Sell-side analysts forecast that The Estée Lauder Companies Inc. will post 7.52 earnings per share for the current year. Estée Lauder Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Wednesday, August 31st will be issued a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $2.40 annualized dividend and a yield of 0.90%. Estée Lauder Companies's dividend payout ratio (DPR) is currently 36.81%. Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on EL shares. DA Davidson reduced their price target on shares of Estée Lauder Companies from $342.00 to $318.00 and set a "buy" rating for the company in a research report on Tuesday. Piper Sandler upped their price target on shares of Estée Lauder Companies to $325.00 in a research report on Monday. Credit Suisse Group dropped their price objective on shares of Estée Lauder Companies from $310.00 to $308.00 and set an "outperform" rating for the company in a report on Friday, August 19th. Societe Generale decreased their target price on Estée Lauder Companies to $258.00 and set a "na" rating on the stock in a research report on Monday, May 16th. Finally, Oppenheimer restated an "outperform" rating and set a $300.00 price target on shares of Estée Lauder Companies in a report on Tuesday, May 31st. Four investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $318.65.Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of Estée Lauder Companies during the fourth quarter worth $858,734,000. BlackRock Inc. raised its position in shares of Estée Lauder Companies by 13.1% during the 4th quarter. BlackRock Inc. now owns 16,953,258 shares of the company's stock worth $6,276,099,000 after acquiring an additional 1,969,898 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in Estée Lauder Companies by 281.3% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,512,608 shares of the company's stock worth $385,452,000 after purchasing an additional 1,115,869 shares during the last quarter. 1832 Asset Management L.P. increased its stake in Estée Lauder Companies by 238.8% in the fourth quarter. 1832 Asset Management L.P. now owns 1,200,727 shares of the company's stock valued at $445,780,000 after purchasing an additional 846,290 shares during the last quarter. Finally, Voya Investment Management LLC raised its holdings in Estée Lauder Companies by 581.7% during the second quarter. Voya Investment Management LLC now owns 782,436 shares of the company's stock worth $199,263,000 after purchasing an additional 667,656 shares in the last quarter. Institutional investors and hedge funds own 58.85% of the company's stock. About Estée Lauder Companies (Get Rating)

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. The company offers a range of skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, cleansing devices, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.Read MoreGet a free copy of the StockNews.com research report on Estée Lauder Companies (EL)Institutional Buying Put A Bottom In Marvell Technology Dell Stock Retreats On Weaker Sales, Falls Into Value Terrirtory3 Reasons Dollar General’s Rally Has LegsSalesforce Stock Could Have Long Term Potential After EarningsShould AbbVie Inc. Have a Place in Your Dividend Portfolio? 

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