The Estée Lauder Companies Inc. (NYSE:EL) CFO Akhil Shrivastava Purchases 700 Shares

The Estée Lauder Companies Inc. (NYSE:EL) CFO Akhil Shrivastava acquired 700 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were bought at an average price of $65.79 per share, for a total transaction of $46,053.00. Following the completion of the purchase, the chief financial officer now owns 2,381 shares in the company, valued at approximately $156,645.99. This represents a 41.64 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Estée Lauder Companies Stock Performance

NYSE EL opened at $65.09 on Friday. The company’s 50 day simple moving average is $76.86 and its two-hundred day simple moving average is $83.26. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 0.90. The Estée Lauder Companies Inc. has a 1 year low of $62.29 and a 1 year high of $159.54. The stock has a market capitalization of $23.36 billion, a PE ratio of 116.23, a P/E/G ratio of 5.89 and a beta of 1.03.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.30. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The company had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.98 billion. During the same period in the prior year, the business earned $0.88 earnings per share. Estée Lauder Companies’s revenue for the quarter was down 6.4% compared to the same quarter last year. Analysts predict that The Estée Lauder Companies Inc. will post 1.5 earnings per share for the current fiscal year.

Estée Lauder Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a yield of 2.15%. Estée Lauder Companies’s payout ratio is 250.00%.

Hedge Funds Weigh In On Estée Lauder Companies

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Ameliora Wealth Management Ltd. purchased a new position in shares of Estée Lauder Companies during the 4th quarter valued at about $29,000. Deseret Mutual Benefit Administrators grew its position in Estée Lauder Companies by 68.7% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company’s stock valued at $29,000 after acquiring an additional 158 shares during the last quarter. Eagle Bay Advisors LLC raised its stake in shares of Estée Lauder Companies by 297.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock worth $30,000 after acquiring an additional 300 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Estée Lauder Companies in the 4th quarter worth approximately $30,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of Estée Lauder Companies in the 3rd quarter valued at $31,000. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Stifel Nicolaus cut their price target on shares of Estée Lauder Companies from $81.00 to $77.00 and set a “hold” rating on the stock in a report on Wednesday. Wells Fargo & Company boosted their price objective on Estée Lauder Companies from $74.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. Hsbc Global Res lowered Estée Lauder Companies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 16th. Canaccord Genuity Group cut their price target on shares of Estée Lauder Companies from $76.00 to $70.00 and set a “hold” rating on the stock in a report on Wednesday. Finally, TD Cowen decreased their price objective on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating for the company in a report on Friday, November 1st. Twenty equities research 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 has an average rating of “Hold” and a consensus price target of $86.00.

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.