Estée Lauder Companies (NYSE:EL) sees strong trading volume after strong earnings

Estée Lauder Companies Inc. (NYSE:EL – Get Free Report ) saw a surge in trading volume on Monday after the company reported better-than-expected quarterly earnings. 2,925,652 shares traded hands during trading, an increase of 1% from the previous session’s volume of 2,906,884 shares. Shares last traded at $94.37 and previously closed at $94.97.

The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.25 by $0.39. The firm had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.80 billion. Estée Lauder Companies had a return on equity of 13.08% and a net margin of 4.18%. Estée Lauder Companies’ revenue for the quarter was up 7.3% compared to the same quarter last year. In the same quarter last year, the company posted earnings of $0.07 per share.

The Estée Lauder Companies announce dividends

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be issued a dividend of $0.66 per share. This represents a dividend of $2.64 on an annualized basis and a dividend yield of 2.90%. The ex-dividend date of this dividend is Friday, August 30. Estée Lauder Companies’s dividend payout ratio is currently 148.31%.

Changes in Analyst Ratings

EL has been the subject of several recent analyst reports. Wells Fargo & Company reduced their price objective on shares of Estée Lauder Companies from $130.00 to $117.00 and set an “overweight” rating for the company in a research report on Tuesday. Bernstein Bank boosted their price objective on shares of Estée Lauder Companies from $155.00 to $160.00 in a research note on Wednesday, May 1st. Goldman Sachs Group decreased their price objective on shares of Estée Lauder Companies from $115.00 to $100.00 and set a “neutral” rating on the stock in a report on Tuesday. Evercore ISI dropped their target price on shares of Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating on the stock in a research note on Tuesday. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $115.00 target price on shares of Estée Lauder Companies in a research note on Monday. Sixteen research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Estée Lauder Companies has an average rating of “Hold” and an average price target of $124.13, according to MarketBeat.

Check out our latest report on EL

Insider activity at the Estée Lauder companies

In other news, EVP Jane Lauder sold 14,976 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $121.26, for a total transaction of $1,815,989.76. Following the completion of the transaction, the executive vice president now directly owns 57,389 shares of the company’s stock, valued at approximately $6,958,990.14. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 12.77% of the company’s shares.

Institutional investors invest in Estée Lauder Companies

A number of institutional investors and hedge funds have recently modified their holdings of EL. Norges Bank acquired a new position in shares of Estée Lauder Companies in the 4th quarter valued at $518,975,000. Marshall Wace LLP boosted its holdings in shares of Estée Lauder Companies by 3,065.6% during the second quarter. Marshall Wace LLP now owns 1,983,083 shares of the company’s stock valued at $211,000,000 after buying an additional 1,920,439 shares in the last quarter. Jennison Associates LLC acquired a new position in shares of Estée Lauder Companies in the first quarter valued at $291,171,000. Vanguard Group Inc. boosted its holdings in shares of Estée Lauder Companies by 6.4% in the first quarter. Vanguard Group Inc. now owns 20,686,550 shares of the company’s stock valued at $3,188,832,000 after acquiring an additional 1,250,555 shares during the period. Finally, Carmignac Gestion boosted its holdings in Estée Lauder Companies by 1,908.0% in the fourth quarter. Carmignac Gestion now owns 1,195,750 shares of the company’s stock worth $174,895,000 after acquiring an additional 1,136,201 shares during the period. Institutional investors and hedge funds own 55.15% of the company’s shares.

Estée Lauder Companies trades 2.0%

The company’s 50-day simple moving average is $102.14, and its 200-day simple moving average is $126.98. The company has a quick ratio of 1.15, a current ratio of 1.58, and a debt-to-equity ratio of 1.26. The stock has a market cap of $32.62 billion, a P/E ratio of 51.11, a PEG ratio of 1.79 and a beta of 0.99.

About the Estée Lauder Companies

(Get a free report)

Estée Lauder Companies Inc manufactures, markets and sells skin care, makeup, fragrance and hair care products worldwide. Offers skin care products including moisturizers, serums, cleansers, toners, body care, exfoliation, acne care and oil correctors, face masks and sun care products; and makeup products such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.

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