Estee Lauder Companies Inc (EL): Ronald S Foundation Lauder , 10% owner of Estee Lauder Companies Inc sold 25,000 shares on May 19, 2016. The Insider selling transaction was reported by the company on May 20, 2016 to the Securities and Exchange Commission. The shares were sold at $90.63 per share for a total value of $2,265,750.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 18, 2016, Alexandra C. Trower (EVP – Global Communications) sold 34,650 shares at $92.06 per share price.On May 11, 2016, Irvine O Jr Hockaday (director) sold 13,125 shares at $94.94 per share price.Also, On May 5, 2016, John Demsey (Group President) sold 138,839 shares at $92.74 per share price.On Feb 5, 2016, Sara E Moss (Exec. VP, Gen. Counsel) sold 29,104 shares at $90.00 per share price.
Estee Lauder Companies Inc: On Thursday, May 19, 2016 heightened volatility was witnessed in Estee Lauder Companies Inc which led to swings in the share price. The shares opened for trading at $90.04 and hit $91.09 on the upside , eventually ending the session at $91.01, with a gain of 0.56% or 0.51 points. The heightened volatility saw the trading volume jump to 16,51,720 shares. The 52-week high of the share price is $97.48 and the company has a market cap of $33,604 M . The 52-week low of the share price is at $73.67.
On May 3, 2016, Estee Lauder Companies Inc announced a cash dividend of $0.3000. The company’s management has announced May 26, 2016 as the ex-dividend date and fixed the record date on May 31, 2016. The payable date has been fixed on Jun 15, 2016.
Company has been under the radar of several Street Analysts.Estee Lauder Companies Inc is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 105 from a previous price target of $96 .The Rating was issued on Apr 19, 2016.Estee Lauder Companies Inc is Reiterated by Piper Jaffray to Overweight and the brokerage firm has raised the Price Target to $ 100 from a previous price target of $99 .The Rating was issued on Apr 13, 2016.Estee Lauder Companies Inc is Downgraded by Goldman to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Mar 16, 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.