By otakuyassine3@gmail.com 
The Estée Lauder Companies Inc. (NYSE:EL – Get Free Report) was the recipient of a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 7,220,000 shares, a decrease of 8.1% from the November 15th total of 7,860,000 shares. Based on an average daily trading volume, of 4,890,000 shares, the days-to-cover ratio is presently 1.5 days.
Analysts Set New Price Targets
EL has been the subject of a number of analyst reports. JPMorgan Chase & Co. downgraded Estée Lauder Companies from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $113.00 to $74.00 in a report on Friday, November 1st. B. Riley dropped 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 report on Monday, November 4th. Bank of America reduced their price objective on Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Canaccord Genuity Group decreased their price target on Estée Lauder Companies from $100.00 to $75.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Finally, Piper Sandler boosted their price target on shares of Estée Lauder Companies from $114.00 to $122.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Nineteen investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Estée Lauder Companies has a consensus rating of “Hold” and an average target price of $98.57.
Check Out Our Latest Report on Estée Lauder Companies
Insider Buying and Selling
In other Estée Lauder Companies news, CEO Fabrizio Freda sold 10,969 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $67.76, for a total transaction of $743,259.44. Following the completion of the sale, the chief executive officer now directly owns 295,838 shares in the company, valued at $20,045,982.88. This represents a 3.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Paul J. Fribourg bought 75,500 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were purchased at an average price of $64.93 per share, with a total value of $4,902,215.00. Following the acquisition, the director now directly owns 310,000 shares in the company, valued at approximately $20,128,300. This trade represents a 32.20 % increase in their position. The disclosure for this purchase can be found here. 12.78% of the stock is currently owned by company insiders.
Institutional Trading of Estée Lauder Companies
Several large investors have recently made changes to their positions in the business. Rothschild Investment LLC acquired a new position in Estée Lauder Companies during the 2nd quarter worth $30,000. Ashton Thomas Securities LLC bought a new stake in Estée Lauder Companies during the 3rd quarter worth about $31,000. PARK CIRCLE Co bought a new position in shares of Estée Lauder Companies in the 2nd quarter valued at about $32,000. Kimelman & Baird LLC acquired a new stake in shares of Estée Lauder Companies during the 2nd quarter worth approximately $32,000. Finally, Chilton Capital Management LLC raised its stake in shares of Estée Lauder Companies by 63.9% during the second quarter. Chilton Capital Management LLC now owns 431 shares of the company’s stock worth $46,000 after buying an additional 168 shares during the last quarter. Institutional investors own 55.15% of the company’s stock.
Estée Lauder Companies Trading Down 1.7 %
Estée Lauder Companies stock opened at $78.19 on Wednesday. Estée Lauder Companies has a 12 month low of $62.29 and a 12 month high of $159.75. The stock has a market cap of $28.07 billion, a price-to-earnings ratio of 139.63, a price-to-earnings-growth ratio of 5.33 and a beta of 1.05. The business has a 50 day moving average price of $77.60 and a two-hundred day moving average price of $91.81. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 1.44.
Estée Lauder Companies (NYSE:EL – Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.37 billion. During the same quarter in the prior year, the business posted $0.11 earnings per share. The company’s quarterly revenue was down 4.5% compared to the same quarter last year. As a group, equities analysts forecast that Estée Lauder Companies will post 1.46 EPS for the current year.
Estée Lauder Companies Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.40 dividend on an annualized basis and a yield of 1.79%. Estée Lauder Companies’s dividend payout ratio is 250.00%.
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.
Further Reading
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