Investors Buy Estee Lauder Companies (EL) on Weakness

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Investors bought shares of Estee Lauder Companies Inc (NYSE:EL) on weakness during trading hours on Wednesday. $102.35 million flowed into the stock on the tick-up and $41.60 million flowed out of the stock on the tick-down, for a money net flow of $60.75 million into the stock. Of all companies tracked, Estee Lauder Companies had the 24th highest net in-flow for the day. Estee Lauder Companies traded down ($1.01) for the day and closed at $159.69

Several research analysts have recently issued reports on the stock. Berenberg Bank cut shares of Estee Lauder Companies from a “buy” rating to a “hold” rating and set a $150.00 price objective for the company. in a report on Wednesday, February 6th. Royal Bank of Canada increased their price objective on shares of Estee Lauder Companies to $173.00 and gave the company a “positive” rating in a report on Thursday, March 7th. Wells Fargo & Co reiterated a “hold” rating and issued a $142.00 price objective (up from $135.00) on shares of Estee Lauder Companies in a report on Tuesday, February 5th. ValuEngine cut shares of Estee Lauder Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 24th. Finally, Credit Suisse Group increased their target price on shares of Estee Lauder Companies from $165.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, February 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $156.55.

The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.27 and a current ratio of 1.71. The company has a market cap of $57.67 billion, a price-to-earnings ratio of 35.92, a P/E/G ratio of 2.54 and a beta of 0.72.

Estee Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Tuesday, February 5th. The company reported $1.74 EPS for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.20. Estee Lauder Companies had a net margin of 11.49% and a return on equity of 40.38%. The business had revenue of $4.01 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the previous year, the firm posted $1.52 earnings per share. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. As a group, equities analysts predict that Estee Lauder Companies Inc will post 5.03 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 28th were paid a $0.43 dividend. The ex-dividend date was Wednesday, February 27th. This represents a $1.72 annualized dividend and a dividend yield of 1.06%. Estee Lauder Companies’s dividend payout ratio (DPR) is presently 38.14%.

In related news, insider John Demsey sold 54,303 shares of the company’s stock in a transaction dated Wednesday, January 2nd. The shares were sold at an average price of $131.48, for a total transaction of $7,139,758.44. Following the completion of the sale, the insider now owns 27,525 shares of the company’s stock, valued at $3,618,987. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Rose Marie Bravo sold 12,159 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $157.68, for a total transaction of $1,917,231.12. Following the sale, the director now directly owns 11,813 shares of the company’s stock, valued at approximately $1,862,673.84. The disclosure for this sale can be found here. Insiders sold 600,774 shares of company stock worth $91,688,069 over the last 90 days. 16.13% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. National Asset Management Inc. lifted its position in Estee Lauder Companies by 1.8% during the fourth quarter. National Asset Management Inc. now owns 3,844 shares of the company’s stock worth $500,000 after purchasing an additional 69 shares during the period. NEXT Financial Group Inc lifted its holdings in shares of Estee Lauder Companies by 10.1% in the fourth quarter. NEXT Financial Group Inc now owns 815 shares of the company’s stock worth $106,000 after acquiring an additional 75 shares during the last quarter. JCIC Asset Management Inc. lifted its holdings in shares of Estee Lauder Companies by 19.9% in the fourth quarter. JCIC Asset Management Inc. now owns 488 shares of the company’s stock worth $63,000 after acquiring an additional 81 shares during the last quarter. D.A. Davidson & CO. lifted its holdings in shares of Estee Lauder Companies by 3.3% in the fourth quarter. D.A. Davidson & CO. now owns 2,894 shares of the company’s stock worth $377,000 after acquiring an additional 93 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of Estee Lauder Companies by 1.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 8,743 shares of the company’s stock worth $1,137,000 after acquiring an additional 100 shares during the last quarter. 54.89% of the stock is owned by institutional investors and hedge funds.

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About Estee Lauder Companies (NYSE:EL)

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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