Estee Lauder Companies Inc (NYSE:EL) saw a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 6,523,600 shares, an increase of 13.1% from the April 30th total of 5,769,600 shares. Approximately 3.0% of the shares of the company are short sold. Based on an average trading volume of 1,410,000 shares, the days-to-cover ratio is currently 4.6 days.
Estee Lauder Companies stock traded up $0.73 during mid-day trading on Friday, hitting $186.81. The company had a trading volume of 875,463 shares, compared to its average volume of 1,149,152. The company has a market capitalization of $67.60 billion, a P/E ratio of 41.42, a PEG ratio of 2.50 and a beta of 0.82. The company has a quick ratio of 1.26, a current ratio of 1.69 and a debt-to-equity ratio of 0.62. Estee Lauder Companies has a 12 month low of $121.47 and a 12 month high of $188.59. The business has a 50 day simple moving average of $177.05.
Estee Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.25. The company had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.56 billion. Estee Lauder Companies had a return on equity of 43.52% and a net margin of 12.45%. Estee Lauder Companies’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.17 earnings per share. Equities research analysts predict that Estee Lauder Companies will post 5.21 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, May 31st were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date was Thursday, May 30th. Estee Lauder Companies’s dividend payout ratio (DPR) is presently 38.14%.
In other Estee Lauder Companies news, CEO Fabrizio Freda sold 33,719 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $164.42, for a total value of $5,544,077.98. Following the completion of the transaction, the chief executive officer now owns 101,893 shares in the company, valued at approximately $16,753,247.06. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Charlene Barshefsky sold 1,356 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $172.19, for a total value of $233,489.64. Following the completion of the transaction, the director now owns 4,000 shares of the company’s stock, valued at approximately $688,760. The disclosure for this sale can be found here. In the last three months, insiders sold 3,036,232 shares of company stock valued at $505,105,319. 16.13% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of EL. Machina Capital S.A.S. purchased a new stake in Estee Lauder Companies during the fourth quarter valued at $30,000. Thor Advisors LLC purchased a new stake in Estee Lauder Companies during the first quarter valued at $37,000. Anderson Fisher LLC purchased a new stake in Estee Lauder Companies during the first quarter valued at $43,000. Trust Co. of Vermont increased its position in Estee Lauder Companies by 112.1% during the first quarter. Trust Co. of Vermont now owns 263 shares of the company’s stock valued at $44,000 after acquiring an additional 139 shares during the last quarter. Finally, Motco increased its position in Estee Lauder Companies by 45.8% during the first quarter. Motco now owns 277 shares of the company’s stock valued at $46,000 after acquiring an additional 87 shares during the last quarter. Institutional investors own 54.19% of the company’s stock.
A number of analysts have recently issued reports on EL shares. Citigroup downgraded BCE from a “buy” rating to a “neutral” rating in a research report on Thursday, May 2nd. Telsey Advisory Group reissued an “outperform” rating and set a $195.00 price objective (up from $190.00) on shares of Estee Lauder Companies in a report on Thursday, May 2nd. Royal Bank of Canada set a $42.00 price objective on Devon Energy and gave the company a “hold” rating in a report on Thursday, May 2nd. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $760.00 price target (up from $755.00) on shares of Chipotle Mexican Grill in a research note on Thursday, April 25th. Finally, Credit Suisse Group reissued a “buy” rating and set a $19.50 target price on shares of Infineon Technologies in a research note on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $170.82.
About Estee Lauder Companies
The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.
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