Estée Lauder Companies (NYSE:EL) Reaches New 12-Month Low on Insider Selling

The Estée Lauder Companies Inc. (NYSE:EL) reached a new 52-week low during mid-day trading on Wednesday following insider selling activity. The stock traded as low as $63.14 and last traded at $63.15, with a volume of 3258928 shares changing hands. The stock had previously closed at $65.86.

Specifically, CEO Fabrizio Freda sold 10,969 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $67.76, for a total value of $743,259.44. Following the transaction, the chief executive officer now owns 295,838 shares in the company, valued at $20,045,982.88. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Analyst Ratings Changes

EL has been the subject of several research reports. B. Riley dropped their price objective on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “neutral” rating for the company in a research note on Monday. Evercore ISI reduced their price target on Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating on the stock in a report on Tuesday, August 20th. Barclays dropped their price objective on shares of Estée Lauder Companies from $136.00 to $117.00 and set an “equal weight” rating for the company in a report on Friday, July 19th. Wells Fargo & Company downgraded shares of Estée Lauder Companies from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $105.00 to $72.00 in a research note on Thursday, October 31st. Finally, UBS Group lowered their price objective on Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating for the company in a research report on Tuesday, August 20th. Nineteen research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $100.90.

Estée Lauder Companies Price Performance

The stock’s 50-day moving average is $88.99 and its 200 day moving average is $104.88. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.90 and a current ratio of 1.32. The stock has a market capitalization of $22.62 billion, a PE ratio of 117.66, a P/E/G ratio of 1.17 and a beta of 1.05.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.09 by $0.05. The company had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.37 billion. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The firm’s revenue was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 earnings per share. As a group, equities analysts expect that The Estée Lauder Companies Inc. will post 2.95 earnings per share for the current year.

Estée Lauder Companies Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a $0.35 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.40 annualized dividend and a dividend yield of 2.22%. Estée Lauder Companies’s dividend payout ratio (DPR) is currently 250.00%.

Institutional Investors Weigh In On Estée Lauder Companies

Several hedge funds have recently modified their holdings of the stock. Rothschild Investment LLC acquired a new position in Estée Lauder Companies during the 2nd quarter worth approximately $30,000. Ashton Thomas Securities LLC purchased a new position in Estée Lauder Companies in the third quarter worth $31,000. PARK CIRCLE Co purchased a new position in Estée Lauder Companies in the second quarter worth $32,000. Kimelman & Baird LLC purchased a new stake in shares of Estée Lauder Companies during the 2nd quarter worth $32,000. Finally, Crewe Advisors LLC purchased a new stake in shares of Estée Lauder Companies during the 1st quarter worth $35,000. 55.15% of the stock is owned by institutional investors and hedge funds.

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.