Headlands Technologies LLC reduced its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 95.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,638 shares of the company's stock after selling 70,912 shares during the quarter. Headlands Technologies LLC's holdings in Estée Lauder Companies were worth $273,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of EL. Centre Asset Management LLC bought a new stake in shares of Estée Lauder Companies during the fourth quarter valued at about $8,585,000. Franklin Resources Inc. boosted its holdings in shares of Estée Lauder Companies by 47.5% in the third quarter. Franklin Resources Inc. now owns 141,804 shares of the company's stock valued at $13,392,000 after acquiring an additional 45,687 shares in the last quarter. Harrell Investment Partners LLC increased its stake in shares of Estée Lauder Companies by 52.1% during the fourth quarter. Harrell Investment Partners LLC now owns 10,285 shares of the company's stock valued at $771,000 after acquiring an additional 3,524 shares during the period. Washington Capital Management Inc. bought a new stake in Estée Lauder Companies during the fourth quarter worth approximately $352,000. Finally, Bank Pictet & Cie Europe AG lifted its position in Estée Lauder Companies by 5.4% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 91,200 shares of the company's stock worth $6,838,000 after purchasing an additional 4,690 shares during the period. Institutional investors own 55.15% of the company's stock.
Wall Street Analyst Weigh In
EL has been the subject of a number of research reports. Piper Sandler raised their target price on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $76.00 target price on shares of Estée Lauder Companies in a research report on Tuesday, February 4th. Canaccord Genuity Group cut their price objective on Estée Lauder Companies from $76.00 to $70.00 and set a "hold" rating on the stock in a report on Wednesday, February 5th. Wells Fargo & Company lifted their target price on shares of Estée Lauder Companies from $74.00 to $80.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 30th. Finally, Stifel Nicolaus reduced their price objective on Estée Lauder Companies from $77.00 to $67.00 and set a "hold" rating for the company in a research note on Thursday. Twenty investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Estée Lauder Companies presently has an average rating of "Hold" and a consensus target price of $85.52.
View Our Latest Stock Analysis on EL
Insider Buying and Selling at Estée Lauder Companies
In other Estée Lauder Companies news, CFO Akhil Shrivastava acquired 700 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The stock was acquired at an average cost of $65.79 per share, for a total transaction of $46,053.00. Following the transaction, the chief financial officer now owns 2,381 shares of the company's stock, valued at $156,645.99. This trade represents a 41.64 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul J. Fribourg acquired 43,000 shares of the stock in a transaction dated Wednesday, February 5th. The shares were bought at an average cost of $66.35 per share, with a total value of $2,853,050.00. Following the transaction, the director now directly owns 430,800 shares of the company's stock, valued at $28,583,580. This represents a 11.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 12.78% of the company's stock.
Estée Lauder Companies Price Performance
Shares of Estée Lauder Companies stock traded down $3.69 during mid-day trading on Thursday, reaching $52.47. 2,041,603 shares of the stock were exchanged, compared to its average volume of 4,242,133. The company has a market cap of $18.84 billion, a price-to-earnings ratio of -26.92, a price-to-earnings-growth ratio of 6.09 and a beta of 1.10. The Estée Lauder Companies Inc. has a fifty-two week low of $48.37 and a fifty-two week high of $149.91. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 1.75. The firm has a 50-day simple moving average of $67.24 and a 200 day simple moving average of $75.25.
Estée Lauder Companies (NYSE:EL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.30. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The company had revenue of $4 billion for the quarter, compared to analyst estimates of $3.98 billion. During the same quarter in the previous year, the firm earned $0.88 earnings per share. The business's revenue was down 6.4% on a year-over-year basis. On average, sell-side analysts predict that The Estée Lauder Companies Inc. will post 1.36 EPS for the current fiscal year.
Estée Lauder Companies Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were issued a $0.35 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.40 annualized dividend and a yield of 2.67%. Estée Lauder Companies's dividend payout ratio is currently -71.79%.
About Estée Lauder Companies
(
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.
Featured Articles
Before you consider Estée Lauder Companies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Estée Lauder Companies wasn't on the list.
While Estée Lauder Companies currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
