11 Most Expensive Stocks Insiders Are Buying Recently

5. The Estée Lauder Companies Inc. (NYSE:EL)

Average price per share: $66.16

Market capitalization: $25.82 billion

The Estée Lauder is the second largest cosmetics company in the world after L’Oréal. The New York City-headquartered company offers a wide range of beauty, skincare, perfume, makeup, and hair care products. Insider Monkey recently shared A Bull Case Theory for The Estée Lauder. In summary, the thesis acknowledges the company’s “Beauty Reimagined” strategy under new leadership from Stéphane de La Faverie and Akhil Shrivastava. This initiative aims to restore sustainable sales growth and achieve double-digit operating income growth in the coming years. Under the new strategy is a restructuring plan that will eliminate up to 7,000 jobs to streamline operations. The initiative is expected to result in annual savings of $800,000 million to $1 billion.

On February 5^th, two insiders, among which is the company’s CFO, acquired a total of $8.74 million worth of The Estée Lauder shares at an average price of $66.16 per share. The stock is currently trading at $71.70, having lost 4.45% year-to-date. Over the past 12 months, The Estée Lauder shares declined 51.39%.

Twenty analysts have coverage on The Estée Lauder stock, and their average rating is “Hold.” A 12-month price target is $81.33, which is an increase of 13.31% from the previous price, as per data from StockAnalysis.