Rep. Kevin Hern Sells Off Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Representative Kevin Hern (R-Oklahoma) recently sold shares of The Estée Lauder Companies Inc. (NYSE:EL). In a filing disclosed on January 15th, the Representative disclosed that they had sold between $15,001 and $50,000 in Estée Lauder Companies stock on December 31st. The trade occurred in the Representative’s “HERN FAMILY REVOCABLE TRUST > BROKERAGE INVESTMENT ACCOUNT” account.

Representative Kevin Hern also recently made the following trade(s):

• Sold $50,001 – $100,000 in shares of Intel (NASDAQ:INTC) on 12/31/2024.
• Sold $250,001 – $500,000 in shares of Devon Energy (NYSE:DVN) on 12/31/2024.
• Sold $100,001 – $250,000 in shares of Johnson & Johnson (NYSE:JNJ) on 12/31/2024.
• Sold $50,001 – $100,000 in shares of DexCom (NASDAQ:DXCM) on 12/31/2024.
• Sold $50,001 – $100,000 in shares of AGCO (NYSE:AGCO) on 12/31/2024.
• Purchased $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 12/12/2024.
• Purchased $1,001 – $15,000 in shares of Exxon Mobil (NYSE:XOM) on 12/10/2024.
• Purchased $100,001 – $250,000 in shares of McDonald’s (NYSE:MCD) on 10/29/2024.

Estée Lauder Companies Stock Up 4.7 %

Shares of NYSE EL opened at $78.03 on Friday. The stock has a market capitalization of $28.01 billion, a P/E ratio of 139.33, a P/E/G ratio of 5.02 and a beta of 1.02. The company has a 50-day moving average price of $73.24 and a 200-day moving average price of $85.89. The Estée Lauder Companies Inc. has a 1 year low of $62.29 and a 1 year high of $159.75. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 0.90.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.37 billion. During the same period last year, the firm earned $0.11 earnings per share. The firm’s revenue was down 4.5% on a year-over-year basis. On average, equities research analysts forecast that The Estée Lauder Companies Inc. will post 1.48 EPS for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date was Friday, November 29th. Estée Lauder Companies’s dividend payout ratio is currently 250.00%.

Wall Street Analyst Weigh In

EL has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their price target on shares of Estée Lauder Companies from $72.00 to $74.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 7th. HSBC lowered shares of Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $100.00 price objective on the stock. in a research report on Wednesday, October 16th. Bank of America lowered their price objective on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. CICC Research began coverage on shares of Estée Lauder Companies in a research report on Friday, December 27th. They issued a “market perform” rating and a $82.00 price objective on the stock. Finally, B. Riley lowered their price objective on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “neutral” rating on the stock in a research report on Monday, November 4th. Twenty analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $95.64.

Insiders Place Their Bets

In other Estée Lauder Companies news, CEO Fabrizio Freda sold 10,969 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $67.76, for a total value of $743,259.44. Following the completion of the transaction, the chief executive officer now owns 295,838 shares of the company’s stock, valued at $20,045,982.88. The trade was a 3.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul J. Fribourg acquired 75,500 shares of the stock in a transaction dated Monday, November 18th. The stock was acquired at an average price of $64.93 per share, with a total value of $4,902,215.00. Following the completion of the acquisition, the director now owns 310,000 shares in the company, valued at approximately $20,128,300. The trade was a 32.20 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 12.78% of the company’s stock.

Hedge Funds Weigh In On Estée Lauder Companies

Hedge funds have recently bought and sold shares of the company. Kimelman & Baird LLC purchased a new position in Estée Lauder Companies during the second quarter valued at approximately $32,000. Ashton Thomas Securities LLC purchased a new position in Estée Lauder Companies during the third quarter valued at approximately $31,000. Eagle Bay Advisors LLC grew its stake in Estée Lauder Companies by 297.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock valued at $30,000 after acquiring an additional 300 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in Estée Lauder Companies by 42.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company’s stock valued at $36,000 after acquiring an additional 141 shares in the last quarter. Finally, Ecofi Investissements SA purchased a new position in Estée Lauder Companies in the 2nd quarter worth approximately $53,000. Hedge funds and other institutional investors own 55.15% of the company’s stock.

About Representative Hern

Kevin Hern (Republican Party) is a member of the U.S. House, representing Oklahoma’s 1st Congressional District. He assumed office on November 13, 2018. His current term ends on January 3, 2025. Hern (Republican Party) is running for re-election to the U.S. House to represent Oklahoma’s 1st Congressional District. He declared candidacy for the 2024 election. Before running for Congress, Hern was a McDonald’s franchisee and served on the McDonald’s National Leadership Team. Hern went into business as a McDonald’s franchisee in 1999. He acquired 10 McDonald’s franchises by 2012. He served on the McDonald’s National Leadership Team for 13 years, including the tax policy team, the insurance corporation, and as chairman of the economics team. From 2011 to 2015, he was chairman of the finance committee of the Oklahoma Turnpike Authority.

Estée Lauder Companies Company Profile

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.