Russell Investments Group Ltd. increased its holdings in shares of Estee Lauder Companies, Inc. (The) (NYSE:EL) by 3.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 461,125 shares of the company’s stock after buying an additional 15,163 shares during the quarter. Russell Investments Group Ltd. owned 0.13% of Estee Lauder Companies worth $49,721,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also made changes to their positions in the company. Acrospire Investment Management LLC grew its stake in Estee Lauder Companies by 2,291.7% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,148 shares of the company’s stock worth $110,000 after buying an additional 1,100 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in Estee Lauder Companies by 126.1% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,135 shares of the company’s stock worth $123,000 after buying an additional 633 shares during the last quarter. Shine Investment Advisory Services Inc. purchased a new position in Estee Lauder Companies during the 2nd quarter worth $147,000. Sun Life Financial INC grew its stake in Estee Lauder Companies by 16,290.0% during the 2nd quarter. Sun Life Financial INC now owns 1,639 shares of the company’s stock worth $157,000 after buying an additional 1,629 shares during the last quarter. Finally, Bessemer Group Inc. grew its stake in Estee Lauder Companies by 4.8% during the 2nd quarter. Bessemer Group Inc. now owns 1,866 shares of the company’s stock worth $179,000 after buying an additional 86 shares during the last quarter. Hedge funds and other institutional investors own 53.87% of the company’s stock.
In other Estee Lauder Companies news, EVP Michael O’hare sold 2,619 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $108.56, for a total transaction of $284,318.64. Following the completion of the sale, the executive vice president now directly owns 5,929 shares in the company, valued at approximately $643,652.24. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Carl P. Haney sold 9,139 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $108.00, for a total value of $987,012.00. Following the sale, the executive vice president now owns 13,324 shares of the company’s stock, valued at $1,438,992. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,565,147 shares of company stock valued at $194,485,640. 16.24% of the stock is owned by company insiders.
Shares of Estee Lauder Companies, Inc. (NYSE EL) traded up $0.57 during mid-day trading on Monday, hitting $125.34. The stock had a trading volume of 1,541,930 shares, compared to its average volume of 1,925,105. The company has a current ratio of 1.75, a quick ratio of 1.27 and a debt-to-equity ratio of 0.71. Estee Lauder Companies, Inc. has a fifty-two week low of $75.83 and a fifty-two week high of $126.99. The firm has a market cap of $45,944.80, a PE ratio of 32.41, a PEG ratio of 2.41 and a beta of 0.71.
Estee Lauder Companies (NYSE:EL) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $1.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.24. Estee Lauder Companies had a return on equity of 33.64% and a net margin of 11.30%. The firm had revenue of $3.27 billion during the quarter, compared to analyst estimates of $3.16 billion. During the same quarter in the previous year, the business earned $0.85 EPS. Estee Lauder Companies’s revenue for the quarter was up 14.3% compared to the same quarter last year. research analysts expect that Estee Lauder Companies, Inc. will post 4.16 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Wednesday, November 29th. This is a positive change from Estee Lauder Companies’s previous quarterly dividend of $0.34. Estee Lauder Companies’s payout ratio is currently 41.08%.
A number of analysts have commented on the company. Jefferies Group lifted their price target on Estee Lauder Companies from $112.00 to $122.00 and gave the stock a “hold” rating in a research report on Thursday, September 7th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $117.00 price target on shares of Estee Lauder Companies in a research report on Tuesday, August 29th. Piper Jaffray Companies set a $135.00 price target on Estee Lauder Companies and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Stifel Nicolaus lifted their price target on Estee Lauder Companies from $114.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, October 19th. Finally, Morgan Stanley lifted their price target on Estee Lauder Companies from $122.00 to $134.00 and gave the stock an “overweight” rating in a research report on Thursday, November 2nd. Six analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $118.14.
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Estee Lauder Companies Profile
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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