Published: Sat, August 19, 2017
Economy | By Annette Adams

Estee Lauder shares rise almost 5% after earnings beat


Fayez Sarofim & Company decreased Esteelaudercompaniesclassa (EL) stake by 5.57% reported in 2016Q4 SEC filing. (NYSE:EL) shares are seeing unusual volume mid-trading session today.

Current levels places Adamas Pharmaceuticals, Inc. (The) were worth $5,123,000 at the end of the most recent reporting period.

Several institutional investors have recently added to or reduced their stakes in EL.

Comparable store sales in the quarter declined 6%.

Excluding items, the company earned 51c per share, beating analysts' average estimate of 43c. The Company's divisions are core banking, trust and investment advisory services, insurance, and other. Citigroup maintained Estee Lauder Companies Inc (NYSE:EL) rating on Monday, August 22. (The) by 0.7% in the first quarter. 8,900,285 shares of the stock were exchanged. Wells Fargo & Company reiterated a "buy" rating on shares of Estee Lauder Companies, Inc. (The) by 0.5% in the first quarter. Cadence Cap Management Ltd Limited Liability Company accumulated 20,370 shares or 0.11% of the stock.

Other equities research analysts have also issued research reports about the company. We have $93.35 PT which if reached, will make NYSE:EL worth $2.58 billion less. Following the transaction, the director now directly owns 4,000 shares in the company, valued at approximately $371,920. Finally, Aperio Group LLC increased its position in Estee Lauder Companies, Inc. Acropolis Investment Management LLC now owns 10,515 shares of the company's stock valued at $892,000 after buying an additional 615 shares in the last quarter. Institutional investors own 54.73% of the company's stock.

Estee Lauder Companies Inc (NYSE:EL) stock was soaring today on the release of its earnings report for its fiscal fourth quarter of 2017. (EL) in the open market. Global Thematic Partners Llc who had been investing in Lauder Estee Cos Inc for a number of months, seems to be bullish on the $38.63 billion market cap company. Shares are trading at $104.80 much higher than the 50 day moving average which is $97.84 and quite a bit higher than the 200 day moving average of $90.77. Finally, Piper Jaffray Companies started coverage on Estee Lauder Companies, Inc.

ILLEGAL ACTIVITY WARNING: This piece of content was originally published by BNB Daily and is the sole property of of BNB Daily. If you are accessing this article on another domain, it was copied illegally and reposted in violation of USA & worldwide copyright and trademark legislation. Regentatlantic Capital LLC increased its stake in Estee Lauder Companies, Inc.

Equity Research firms now have a positive stance on shares of FORM Holdings Corp.

On 7/6/2017 Fabrizio Freda, Insider, sold 15,880 with an average share price of $95.08 per share and the total transaction amounting to $1,509,870.40. (The) from $102.00 to $96.00 and set a "buy" rating on the stock in a research report on Thursday, May 4th. Deutsche Bank AG cut their price objective on shares of Estee Lauder Companies, Inc. (The) from a "hold" rating to a "buy" rating in a research report on Monday, July 31st. (The) from $108.00 to $98.00 and set a "buy" rating for the company in a report on Tuesday, June 6th. (The) from $105.00 to $115.00 and gave the company an "outperform" rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and seventeen have given a buy rating to the company. On Friday, September 25 the stock rating was maintained by Stifel Nicolaus with "Buy". Jpmorgan Chase & Company has invested 0% in German American Bancorp., Inc.

In other news, VP Sara E. Moss sold 14,552 shares of the business's stock in a transaction on Monday, August 7th. Another trade for 16,667 shares valued at $1.54M was sold by LAUDER RONALD S FOUNDATION. Also, Director Charlene Barshefsky sold 2,383 shares of the company's stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $97.00, for a total value of $2,669,828.00. The disclosure for this sale can be found here. In the last earnings report the EPS was $2.98 and is expected to be $3.40 for the current year with 367,832,000 shares outstanding.

German American Bancorp, Inc.is a bank holding company.

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