Candriam Luxembourg S.C.A. reduced its holdings in shares of Estee Lauder Companies Inc (NYSE:EL) by 20.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,205 shares of the company’s stock after selling 7,554 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Estee Lauder Companies were worth $4,372,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in EL. Dowling & Yahnke LLC lifted its stake in Estee Lauder Companies by 4.4% in the 4th quarter. Dowling & Yahnke LLC now owns 9,377 shares of the company’s stock worth $1,193,000 after purchasing an additional 393 shares in the last quarter. QS Investors LLC lifted its stake in Estee Lauder Companies by 2.6% in the 4th quarter. QS Investors LLC now owns 17,900 shares of the company’s stock worth $2,278,000 after purchasing an additional 454 shares in the last quarter. Sandy Spring Bank lifted its stake in Estee Lauder Companies by 1.8% in the 4th quarter. Sandy Spring Bank now owns 26,581 shares of the company’s stock worth $3,382,000 after purchasing an additional 480 shares in the last quarter. Lester Murray Antman dba SimplyRich lifted its stake in Estee Lauder Companies by 3.4% in the 1st quarter. Lester Murray Antman dba SimplyRich now owns 14,553 shares of the company’s stock worth $2,179,000 after purchasing an additional 480 shares in the last quarter. Finally, Intrust Bank NA lifted its stake in Estee Lauder Companies by 11.0% in the 1st quarter. Intrust Bank NA now owns 4,959 shares of the company’s stock worth $742,000 after purchasing an additional 492 shares in the last quarter. Institutional investors own 54.66% of the company’s stock.
Several research firms have issued reports on EL. Evercore ISI began coverage on shares of Estee Lauder Companies in a research note on Tuesday, May 22nd. They issued an “outperform” rating and a $170.00 target price on the stock. Wells Fargo & Co reiterated a “buy” rating and issued a $168.00 target price on shares of Estee Lauder Companies in a research note on Monday, May 21st. Morgan Stanley increased their target price on shares of Estee Lauder Companies from $153.00 to $162.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 15th. Barclays lowered their target price on shares of Estee Lauder Companies from $156.00 to $152.00 and set an “overweight” rating on the stock in a research note on Thursday, May 3rd. Finally, Credit Suisse Group decreased their price target on shares of Estee Lauder Companies from $162.00 to $156.00 and set an “outperform” rating on the stock in a report on Thursday, May 3rd. Five investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Estee Lauder Companies presently has a consensus rating of “Buy” and an average price target of $143.63.
In related news, EVP Gregory Polcer sold 40,797 shares of the stock in a transaction on Thursday, March 29th. The shares were sold at an average price of $150.00, for a total transaction of $6,119,550.00. Following the transaction, the executive vice president now owns 110,706 shares of the company’s stock, valued at approximately $16,605,900. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Ronald S. Foundation Lauder sold 16,447 shares of the stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $138.11, for a total transaction of $2,271,495.17. Following the transaction, the insider now directly owns 83,418 shares in the company, valued at approximately $11,520,859.98. The disclosure for this sale can be found here. 16.24% of the stock is currently owned by company insiders.
Estee Lauder Companies opened at $150.82 on Friday, MarketBeat Ratings reports. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.37 and a current ratio of 1.82. Estee Lauder Companies Inc has a 52 week low of $92.85 and a 52 week high of $153.88. The firm has a market cap of $55.25 billion, a P/E ratio of 43.46, a price-to-earnings-growth ratio of 2.46 and a beta of 0.63.
Estee Lauder Companies (NYSE:EL) last released its earnings results on Wednesday, May 2nd. The company reported $1.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.10. Estee Lauder Companies had a net margin of 8.67% and a return on equity of 35.88%. The company had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.25 billion. During the same quarter last year, the firm earned $0.91 EPS. The firm’s quarterly revenue was up 18.0% compared to the same quarter last year. research analysts expect that Estee Lauder Companies Inc will post 4.46 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Thursday, May 31st will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Wednesday, May 30th. Estee Lauder Companies’s dividend payout ratio is currently 43.80%.
Estee Lauder Companies Company Profile
The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products worldwide. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care, exfoliators, acne and oil correctors, facial masks, cleansing devices, and sun care products; and makeup products for face, eyes, lips, and nails, as well as related items, including compacts, brushes, and other makeup tools.
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