Logan Capital Management Inc. lowered its stake in Estee Lauder Companies Inc (NYSE:EL) by 1.9% in the 4th quarter, HoldingsChannel reports. The fund owned 127,302 shares of the company’s stock after selling 2,507 shares during the period. Logan Capital Management Inc.’s holdings in Estee Lauder Companies were worth $16,198,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EL. LS Investment Advisors LLC grew its position in Estee Lauder Companies by 119.1% in the third quarter. LS Investment Advisors LLC now owns 17,578 shares of the company’s stock worth $1,896,000 after acquiring an additional 9,555 shares in the last quarter. APG Asset Management N.V. grew its position in Estee Lauder Companies by 14.4% in the third quarter. APG Asset Management N.V. now owns 1,099,545 shares of the company’s stock worth $118,575,000 after acquiring an additional 138,700 shares in the last quarter. Fox Run Management L.L.C. grew its position in Estee Lauder Companies by 5.4% in the third quarter. Fox Run Management L.L.C. now owns 9,700 shares of the company’s stock worth $1,046,000 after acquiring an additional 500 shares in the last quarter. Handelsbanken Fonder AB grew its position in Estee Lauder Companies by 82.5% in the third quarter. Handelsbanken Fonder AB now owns 166,400 shares of the company’s stock worth $17,945,000 after acquiring an additional 75,200 shares in the last quarter. Finally, Xact Kapitalforvaltning AB grew its position in Estee Lauder Companies by 1.5% in the third quarter. Xact Kapitalforvaltning AB now owns 41,192 shares of the company’s stock worth $4,442,000 after acquiring an additional 622 shares in the last quarter. Institutional investors own 53.84% of the company’s stock.
EL has been the subject of several recent research reports. Telsey Advisory Group lifted their price target on Estee Lauder Companies from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, October 26th. Piper Jaffray Companies set a $135.00 price objective on shares of Estee Lauder Companies and gave the stock a “buy” rating in a research note on Wednesday, November 1st. DA Davidson reissued a “hold” rating and issued a $125.00 price objective on shares of Estee Lauder Companies in a research note on Thursday, November 2nd. They noted that the move was a valuation call. BMO Capital Markets raised their price objective on shares of 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. Finally, KeyCorp reissued an “overweight” rating and issued a $135.00 price objective (up previously from $115.00) on shares of Estee Lauder Companies in a research note on Thursday, November 2nd. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $129.83.
Shares of Estee Lauder Companies Inc (EL) opened at $139.82 on Thursday. 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 $81.69 and a 12 month high of $142.21. The firm has a market cap of $51,249.59, a P/E ratio of 33.58, a PEG ratio of 2.47 and a beta of 0.74.
Estee Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Friday, February 2nd. The company reported $1.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.44 by $0.08. Estee Lauder Companies had a net margin of 8.43% and a return on equity of 34.86%. The firm had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.68 billion. During the same quarter in the previous year, the firm posted $1.22 earnings per share. The company’s revenue was up 16.7% on a year-over-year basis. sell-side analysts expect that Estee Lauder Companies Inc will post 4.36 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Tuesday, February 27th. Estee Lauder Companies’s dividend payout ratio is presently 52.78%.
In related news, CFO Tracey Thomas Travis sold 5,000 shares of Estee Lauder Companies stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $137.02, for a total transaction of $685,100.00. Following the transaction, 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 filing with the SEC, which is accessible through this link. Also, EVP Carl P. Haney sold 6,525 shares of Estee Lauder Companies stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $137.52, for a total transaction of $897,318.00. Following the transaction, 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. Insiders have sold 232,006 shares of company stock valued at $31,246,148 in the last ninety days. Insiders own 16.24% of the company’s stock.
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Estee Lauder Companies Company 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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