Estee Lauder Companies (EL) Hits New 52-Week High at $128.10

Estee Lauder Companies, Inc. (The) (NYSE:EL)’s share price hit a new 52-week high on Wednesday . The company traded as high as $128.10 and last traded at $124.95, with a volume of 1609200 shares. The stock had previously closed at $125.47.

A number of equities research analysts recently commented on EL shares. Argus lifted their price target on shares of Estee Lauder Companies from $125.00 to $142.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Bank of America lifted their price target on shares of Estee Lauder Companies from $115.00 to $122.00 and gave the stock a “buy” rating in a report on Friday, October 13th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $117.00 price target on shares of Estee Lauder Companies in a report on Tuesday, August 29th. Jefferies Group set a $140.00 price target on shares of Estee Lauder Companies and gave the stock a “buy” rating in a report on Friday, December 1st. Finally, DA Davidson reaffirmed a “hold” rating and issued a $125.00 price target on shares of Estee Lauder Companies in a report on Thursday, November 2nd. They noted that the move was a valuation call. Seven research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $118.74.

The stock has a market cap of $47,060.00, a price-to-earnings ratio of 32.46, a price-to-earnings-growth ratio of 2.41 and a beta of 0.71. The company has a quick ratio of 1.27, a current ratio of 1.75 and a debt-to-equity ratio of 0.71.

Estee Lauder Companies (NYSE:EL) last released its quarterly earnings results on Wednesday, November 1st. The company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.24. The firm had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $3.16 billion. Estee Lauder Companies had a net margin of 11.30% and a return on equity of 33.64%. The business’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.85 earnings per share. research analysts expect that Estee Lauder Companies, Inc. will post 4.16 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.52 annualized dividend and a dividend yield of 1.19%. This is a boost from Estee Lauder Companies’s previous quarterly dividend of $0.34. Estee Lauder Companies’s dividend payout ratio is presently 41.08%.

In related news, insider 1992 Grat Remainder Trust Fbo sold 571,351 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $125.44, for a total value of $71,670,269.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Gregory Polcer sold 2,730 shares of the company’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $108.11, for a total transaction of $295,140.30. Following the completion of the transaction, the executive vice president now owns 70,309 shares of the company’s stock, valued at $7,601,105.99. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,526,646 shares of company stock worth $190,321,370. Insiders own 16.24% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Jennison Associates LLC purchased a new stake in Estee Lauder Companies during the third quarter valued at about $664,432,000. Janus Henderson Group PLC boosted its position in Estee Lauder Companies by 1,676.9% during the second quarter. Janus Henderson Group PLC now owns 4,695,498 shares of the company’s stock valued at $450,675,000 after buying an additional 4,431,247 shares during the period. First Eagle Investment Management LLC purchased a new stake in Estee Lauder Companies during the second quarter valued at about $186,061,000. Northern Trust Corp boosted its position in Estee Lauder Companies by 41.1% during the second quarter. Northern Trust Corp now owns 3,732,174 shares of the company’s stock valued at $358,214,000 after buying an additional 1,086,562 shares during the period. Finally, BlackRock Inc. boosted its position in Estee Lauder Companies by 7.4% during the second quarter. BlackRock Inc. now owns 14,797,992 shares of the company’s stock valued at $1,420,311,000 after buying an additional 1,022,956 shares during the period. Institutional investors own 53.86% of the company’s stock.

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About Estee Lauder Companies

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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