Profund Advisors LLC increased its position in Estee Lauder Companies Inc (NYSE:EL) by 10.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,966 shares of the company’s stock after buying an additional 550 shares during the quarter. Profund Advisors LLC’s holdings in Estee Lauder Companies were worth $759,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently added to or reduced their stakes in the company. First Republic Investment Management Inc. lifted its position in Estee Lauder Companies by 107.3% in the 3rd quarter. First Republic Investment Management Inc. now owns 30,303 shares of the company’s stock worth $3,268,000 after buying an additional 15,684 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in Estee Lauder Companies by 7.3% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 23,579 shares of the company’s stock worth $2,553,000 after buying an additional 1,600 shares during the last quarter. Investec Asset Management LTD lifted its position in Estee Lauder Companies by 931.2% in the 3rd quarter. Investec Asset Management LTD now owns 1,040,505 shares of the company’s stock worth $112,208,000 after buying an additional 939,600 shares during the last quarter. Hartford Investment Management Co. lifted its position in Estee Lauder Companies by 3.0% in the 3rd quarter. Hartford Investment Management Co. now owns 50,131 shares of the company’s stock worth $5,406,000 after buying an additional 1,473 shares during the last quarter. Finally, Convergence Investment Partners LLC increased its stake in Estee Lauder Companies by 5.0% in the 4th quarter. Convergence Investment Partners LLC now owns 23,185 shares of the company’s stock worth $2,950,000 after purchasing an additional 1,096 shares during the period. Institutional investors own 54.10% of the company’s stock.
EL has been the topic of a number of analyst reports. Jefferies Group set a $140.00 price target on Estee Lauder Companies and gave the stock a “buy” rating in a research note on Friday, December 1st. Deutsche Bank initiated coverage on Estee Lauder Companies in a research note on Wednesday, December 13th. They issued a “hold” rating and a $134.00 price target on the stock. Macquarie lifted their price target on Estee Lauder Companies from $1.45 to $1.50 and gave the stock an “outperform” rating in a research note on Thursday, December 21st. Zacks Investment Research cut Estee Lauder Companies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Finally, Wells Fargo lifted their price target on Estee Lauder Companies from $135.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, January 4th. Five equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $131.50.
In related news, CFO Tracey Thomas Travis sold 5,000 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $137.02, for a total value of $685,100.00. Following the sale, the chief financial officer now directly owns 24,467 shares of the company’s stock, valued at $3,352,468.34. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Carl P. Haney sold 6,525 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $137.52, for a total value of $897,318.00. Following the completion of the sale, the executive vice president now directly owns 6,525 shares in the company, valued at $897,318. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 248,453 shares of company stock worth $33,517,643. 16.24% of the stock is owned by insiders.
Estee Lauder Companies Inc (NYSE EL) opened at $146.27 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.33 and a current ratio of 1.76. Estee Lauder Companies Inc has a 12 month low of $83.34 and a 12 month high of $146.57. The stock has a market capitalization of $53,794.60, a P/E ratio of 35.25, a PEG ratio of 2.59 and a beta of 0.69.
Estee Lauder Companies (NYSE:EL) last posted its earnings results on Friday, February 2nd. The company reported $1.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.44 by $0.08. The firm had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.68 billion. Estee Lauder Companies had a return on equity of 34.86% and a net margin of 8.43%. The business’s revenue was up 16.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.22 earnings per share. sell-side analysts anticipate that Estee Lauder Companies Inc will post 4.36 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Wednesday, February 28th were paid a $0.38 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $1.52 annualized dividend and a yield of 1.04%. Estee Lauder Companies’s payout ratio is 52.78%.
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About Estee Lauder Companies
The Estee Lauder Companies Inc manufactures and markets skin care, makeup, fragrance and hair care products. The Company offers products, including skin care, makeup, fragrance, hair care and other. The Company operates in beauty products segment. The Company’s products are sold in over 150 countries and territories under brand names, including Estee Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, MAC, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frederic Malle, GLAMGLOW, By Kilian, BECCA and Too Faced.
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