ExodusPoint Capital Management LP grew its holdings in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 574.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 91,420 shares of the company's stock after buying an additional 77,866 shares during the quarter. ExodusPoint Capital Management LP's holdings in Estée Lauder Companies were worth $6,855,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in EL. Public Sector Pension Investment Board grew its stake in shares of Estée Lauder Companies by 12.2% in the third quarter. Public Sector Pension Investment Board now owns 10,096 shares of the company's stock worth $1,006,000 after acquiring an additional 1,100 shares during the last quarter. Investment Management Corp of Ontario increased its stake in Estée Lauder Companies by 48.5% during the 3rd quarter. Investment Management Corp of Ontario now owns 7,659 shares of the company's stock valued at $764,000 after purchasing an additional 2,500 shares in the last quarter. Integrated Wealth Concepts LLC lifted its stake in shares of Estée Lauder Companies by 130.4% in the third quarter. Integrated Wealth Concepts LLC now owns 9,081 shares of the company's stock worth $905,000 after buying an additional 5,140 shares in the last quarter. IHT Wealth Management LLC purchased a new stake in shares of Estée Lauder Companies during the third quarter valued at approximately $455,000. Finally, Quantinno Capital Management LP increased its holdings in shares of Estée Lauder Companies by 250.0% in the 3rd quarter. Quantinno Capital Management LP now owns 28,163 shares of the company's stock worth $2,808,000 after purchasing an additional 20,116 shares in the last quarter. 55.15% of the stock is owned by hedge funds and other institutional investors.
Estée Lauder Companies Stock Down 6.1 %
Shares of Estée Lauder Companies stock traded down $3.44 during trading on Thursday, hitting $52.72. 2,041,603 shares of the stock traded hands, compared to its average volume of 3,971,306. The Estée Lauder Companies Inc. has a 52-week low of $48.37 and a 52-week high of $149.91. The stock's fifty day simple moving average is $67.24 and its 200 day simple moving average is $75.25. The firm has a market cap of $18.93 billion, a P/E ratio of -26.92, a price-to-earnings-growth ratio of 6.09 and a beta of 1.10. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 1.75.
Estée Lauder Companies (NYSE:EL - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.30. The firm had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.98 billion. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The company's quarterly revenue was down 6.4% on a year-over-year basis. During the same period last year, the firm earned $0.88 earnings per share. On average, equities analysts predict that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current fiscal year.
Estée Lauder Companies Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.66%. The ex-dividend date of this dividend was Friday, February 28th. Estée Lauder Companies's dividend payout ratio is currently -71.79%.
Insider Buying and Selling
In related news, CFO Akhil Shrivastava purchased 700 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The shares were purchased at an average price of $65.79 per share, with a total value of $46,053.00. Following the purchase, the chief financial officer now owns 2,381 shares of the company's stock, valued at $156,645.99. The trade was a 41.64 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul J. Fribourg acquired 43,000 shares of Estée Lauder Companies stock in a transaction on Wednesday, February 5th. The shares were bought at an average price of $66.35 per share, with a total value of $2,853,050.00. Following the completion of the transaction, the director now directly owns 430,800 shares of the company's stock, valued at $28,583,580. This trade represents a 11.09 % increase in their position. The disclosure for this purchase can be found here. 12.78% of the stock is currently owned by insiders.
Analyst Ratings Changes
EL has been the topic of several research analyst reports. Morgan Stanley lowered their price target on Estée Lauder Companies from $85.00 to $81.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. Royal Bank of Canada reissued an "outperform" rating and issued a $100.00 target price on shares of Estée Lauder Companies in a research report on Friday, January 31st. Stifel Nicolaus reduced their price target on shares of Estée Lauder Companies from $77.00 to $67.00 and set a "hold" rating for the company in a research report on Thursday. Telsey Advisory Group reissued a "market perform" rating and issued a $76.00 price objective on shares of Estée Lauder Companies in a report on Tuesday, February 4th. Finally, CICC Research initiated coverage on shares of Estée Lauder Companies in a report on Friday, December 27th. They set a "market perform" rating and a $82.00 target price for the company. Twenty equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $85.52.
Check Out Our Latest Stock Report on EL
Estée Lauder Companies Profile
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Free Report)
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.
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