Jane Lauder, Executive Vice President & Chief Data Officer of Estee Lauder Companies Inc. (NYSE:EL), has recently engaged in significant stock transactions, as reported in a recent filing. On May 30, 2024, Lauder sold 14,976 shares of Class A Common Stock at an average price of $121.26 per share, totaling approximately $1.82 million. The range of sales prices for these transactions was between $120.93 and $121.60 per share.
In addition to the sale, Lauder also acquired the same number of shares on the same day through the exercise of stock options at a price of $76.23 per share, amounting to a transaction total of approximately $1.14 million. Following these transactions, Lauder's direct holdings in Class A Common Stock decreased to 57,389 shares.
The stock options exercised by Lauder were granted as part of the company's Fiscal 2002 Share Incentive Plan, with portions becoming exercisable in 2016, 2017, and 2018, respectively.
These stock transactions come amidst other notable activities within Lauder's portfolio, including derivative transactions involving Class B Common Stock, which do not have an exercise or conversion price. Notably, the Lauder Jane A. Trust transferred shares to Jane Lauder without consideration, as detailed in the footnotes of the filing.
Investors and followers of Estee Lauder Companies Inc. will likely keep an eye on these transactions as part of their ongoing assessment of the company's stock performance and insider activity. Jane Lauder's role as a significant holder and executive within the company adds relevance to these stock movements in the eyes of the investment community.
InvestingPro Insights
In light of Jane Lauder's recent stock transactions, investors looking at Estee Lauder Companies Inc. (NYSE:EL) may find the following metrics and InvestingPro Tips from InvestingPro particularly insightful:
The company boasts a strong gross profit margin, with the last twelve months as of Q3 2024 showing a margin of 70.77%. This impressive profitability indicator aligns with one of the InvestingPro Tips highlighting Estee Lauder's "Impressive gross profit margins." Additionally, the company's market capitalization stands at $43.96 billion, reflecting its substantial market valuation.
While Estee Lauder maintains a robust financial position, some challenges are also evident. The stock has experienced a decline over the last month, with a 1-month price total return of -17.26%. This metric is consistent with another InvestingPro Tip that the "Stock has fared poorly over the last month." Moreover, Estee Lauder's P/E ratio is currently at a high of 68.5, which may suggest the stock is trading at a premium compared to earnings.
For investors seeking further guidance, there are additional InvestingPro Tips available for Estee Lauder Companies Inc., which could help in making more informed decisions. By using the coupon code PRONEWS24, you can get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, unlocking valuable insights and forecasts that can enhance your investment strategy.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.