Estee Lauder Companies Inc (EL): Fabrizio Freda , President and CEO of Estee Lauder Companies Inc sold 18,758 shares on Sep 9, 2016. The Insider selling transaction was reported by the company on Sep 12, 2016 to the Securities and Exchange Commission. The shares were sold at $88.00 per share for a total value of $1,650,867.62 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 8, 2016, Gregory Polcer (EVP – Global Supply Chain) sold 3,602 shares at $88.01 per share price.On Sep 8, 2016, Ronald S Foundation Lauder (10% owner) sold 20,000 shares at $88.32 per share price.Also, On Sep 8, 2016, Michael O’hare (EVP-Global Human Resources) sold 3,952 shares at $87.99 per share price.On Sep 1, 2016, Ronald S Lauder (Chairman, Clinique Labs LLC) sold 500,000 shares at $89.10 per share price.
Estee Lauder Companies Inc: On Monday, Sep 12, 2016 heightened volatility was witnessed in Estee Lauder Companies Inc which led to swings in the share price. The shares opened for trading at $87.54 and hit $88.89 on the upside , eventually ending the session at $88.77, with a gain of 1.39% or 1.22 points. The heightened volatility saw the trading volume jump to 2,384,893 shares. The 52-week high of the share price is $97.48 and the company has a market cap of $32,464 M . The 52-week low of the share price is at $75.61.
Company has been under the radar of several Street Analysts.Estee Lauder Companies Inc is Initiated by Berenberg to Buy. The Rating was issued on Sep 9, 2016.Estee Lauder Companies Inc is Reiterated by Jefferies to Hold while Lowering the Price Target of the company shares to $ 95 from a previous price target of $98 . The Rating was issued on Aug 22, 2016.
The Estee Lauder Companies Inc. is a manufacturer and marketer of skin care makeup fragrance and hair care products. The Companys products are sold in over 150 countries and territories under a number of brand names including Estee Lauder Aramis Clinique Origins Le Labo M.A.C Bobbi Brown La Mer and Aveda. It is also the global licensee for fragrances and/or cosmetics sold under brand names such as Tommy Hilfiger Donna Karan Michael Kors Tom Ford and Coach. It sells its products principally through limited distribution channels to complement the images associated with its brands. These channels include points of sale consisting of upscale department stores specialty retailers upscale perfumeries and pharmacies and prestige salons and spas. In addition its products are sold in freestanding Company-operated stores its own and authorized retailer Websites stores on cruise ships direct response television (DRTV) in-flight and duty-free shops.