State of Tennessee Treasury Department lessened its stake in shares of Estee Lauder Companies Inc (NYSE:EL) by 10.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 543,385 shares of the company’s stock after selling 60,043 shares during the quarter. State of Tennessee Treasury Department owned about 0.15% of Estee Lauder Companies worth $69,141,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in EL. Parkside Financial Bank & Trust grew its holdings 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 valued at $123,000 after buying an additional 633 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Estee Lauder Companies during the 4th quarter worth $126,000. Cerebellum GP LLC purchased a new position in shares of Estee Lauder Companies during the 4th quarter worth $130,000. Winslow Evans & Crocker Inc. lifted its stake in shares of Estee Lauder Companies by 2,750.0% during the 4th quarter. Winslow Evans & Crocker Inc. now owns 1,140 shares of the company’s stock worth $145,000 after purchasing an additional 1,100 shares during the period. Finally, Zions Bancorporation lifted its stake in shares of Estee Lauder Companies by 2,781.3% during the 3rd quarter. Zions Bancorporation now owns 1,844 shares of the company’s stock worth $198,000 after purchasing an additional 1,780 shares during the period. Hedge funds and other institutional investors own 53.84% of the company’s stock.
Estee Lauder Companies Inc (EL) opened at $140.18 on Wednesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.76 and a quick ratio of 1.33. The firm has a market capitalization of $51,871.13, a price-to-earnings ratio of 48.39, a P/E/G ratio of 2.50 and a beta of 0.74. Estee Lauder Companies Inc has a 52-week low of $81.69 and a 52-week high of $141.67.
Estee Lauder Companies (NYSE:EL) last issued its earnings results on Friday, February 2nd. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.08. The business had revenue of $3.74 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 16.7% on a year-over-year basis. During the same period last year, the company posted $1.22 EPS. analysts predict that Estee Lauder Companies Inc will post 4.36 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.08%. The ex-dividend date is Tuesday, February 27th. Estee Lauder Companies’s dividend payout ratio (DPR) is currently 52.78%.
In other Estee Lauder Companies news, VP Sara E. Moss sold 30,044 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $140.40, for a total value of $4,218,177.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider John Demsey sold 77,608 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $127.52, for a total value of $9,896,572.16. Following the completion of the transaction, the insider now directly owns 23,305 shares in the company, valued at $2,971,853.60. The disclosure for this sale can be found here. Insiders sold 232,006 shares of company stock worth $31,246,148 over the last three months. 16.24% of the stock is currently owned by corporate insiders.
EL has been the topic of a number of recent analyst reports. Argus increased their price target on Estee Lauder Companies from $125.00 to $142.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. Zacks Investment Research raised Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $147.00 price target on the stock in a research note on Tuesday, January 9th. Macquarie increased 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. 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. Finally, BMO Capital Markets increased their price target on Estee Lauder Companies from $107.00 to $126.00 and gave the stock a “market perform” rating in a research note on Thursday, November 2nd. Five research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $129.83.
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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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