Bryce Point Capital LLC Invests $1.12 Million in The Estée Lauder Companies Inc. (NYSE:EL)

Bryce Point Capital LLC bought a new position in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 14,994 shares of the company's stock, valued at approximately $1,124,000.

Several other institutional investors and hedge funds also recently made changes to their positions in EL. Ameliora Wealth Management Ltd. purchased a new stake in shares of Estée Lauder Companies during the 4th quarter valued at $29,000. Deseret Mutual Benefit Administrators increased its holdings in Estée Lauder Companies by 68.7% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company's stock worth $29,000 after buying an additional 158 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in Estée Lauder Companies in the fourth quarter worth about $30,000. Eagle Bay Advisors LLC boosted its stake in Estée Lauder Companies by 297.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 401 shares of the company's stock valued at $30,000 after acquiring an additional 300 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its position in shares of Estée Lauder Companies by 42.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company's stock valued at $36,000 after acquiring an additional 141 shares during the period. Hedge funds and other institutional investors own 55.15% of the company's stock.

Insiders Place Their Bets

In other Estée Lauder Companies news, CFO Akhil Shrivastava acquired 700 shares of the stock in a transaction dated Wednesday, February 5th. The stock was purchased at an average cost of $65.79 per share, for a total transaction of $46,053.00. Following the acquisition, the chief financial officer now owns 2,381 shares in the company, valued at $156,645.99. The trade was a 41.64 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Paul J. Fribourg acquired 43,000 shares of the business's stock in a transaction dated Wednesday, February 5th. The stock was acquired at an average cost of $66.35 per share, with a total value of $2,853,050.00. Following the purchase, the director now directly owns 430,800 shares in the company, valued at $28,583,580. This represents a 11.09 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 12.78% of the company's stock.

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Estée Lauder Companies Price Performance

Shares of NYSE:EL traded up $0.30 on Tuesday, hitting $53.25. The company's stock had a trading volume of 1,899,196 shares, compared to its average volume of 3,921,546. The Estée Lauder Companies Inc. has a 1 year low of $48.82 and a 1 year high of $149.91. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.37 and a quick ratio of 0.97. The company has a market capitalization of $19.12 billion, a PE ratio of -27.32, a PEG ratio of 6.09 and a beta of 1.10. The company has a 50-day simple moving average of $69.69 and a 200 day simple moving average of $76.03.

Estée Lauder Companies (NYSE:EL - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.30. The business had revenue of $4 billion during the quarter, compared to analyst estimates of $3.98 billion. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. Estée Lauder Companies's revenue for the quarter was down 6.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.88 earnings per share. Sell-side analysts forecast that The Estée Lauder Companies Inc. will post 1.36 EPS for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were given a dividend of $0.35 per share. The ex-dividend date was Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a yield of 2.63%. Estée Lauder Companies's payout ratio is -71.79%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on EL shares. Stifel Nicolaus lowered their price target on shares of Estée Lauder Companies from $81.00 to $77.00 and set a "hold" rating on the stock in a report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft dropped their price target on Estée Lauder Companies from $80.00 to $78.00 and set a "hold" rating on the stock in a research report on Wednesday, January 22nd. Canaccord Genuity Group decreased their price objective on Estée Lauder Companies from $76.00 to $70.00 and set a "hold" rating for the company in a report on Wednesday, February 5th. Piper Sandler upped their price objective on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the company an "overweight" rating in a report on Wednesday, January 29th. Finally, Barclays cut their target price on shares of Estée Lauder Companies from $71.00 to $64.00 and set an "equal weight" rating for the company in a research report on Thursday, February 6th. Twenty investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $86.00.

About Estée Lauder Companies

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, and powders, as well as compacts, brushes, and other makeup tools.