Marathon Trading Investment Management LLC purchased a new stake in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 15,500 shares of the company's stock, valued at approximately $1,162,000.
Other large investors have also recently added to or reduced their stakes in the company. Ameliora Wealth Management Ltd. acquired a new stake in Estée Lauder Companies in the 4th quarter valued at $29,000. Deseret Mutual Benefit Administrators increased its holdings in Estée Lauder Companies by 68.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company's stock valued at $29,000 after purchasing an additional 158 shares in the last quarter. Eagle Bay Advisors LLC increased its holdings in Estée Lauder Companies by 297.0% in the 4th quarter. Eagle Bay Advisors LLC now owns 401 shares of the company's stock valued at $30,000 after purchasing an additional 300 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in Estée Lauder Companies in the 4th quarter valued at $30,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Estée Lauder Companies during the third quarter valued at about $31,000. 55.15% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Estée Lauder Companies
In other news, Director Paul J. Fribourg bought 43,000 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The shares were purchased at an average price of $66.35 per share, with a total value of $2,853,050.00. Following the completion of the acquisition, the director now directly owns 430,800 shares in the company, valued at approximately $28,583,580. This trade represents a 11.09 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Akhil Shrivastava bought 700 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The shares were 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 of the company's stock, valued at $156,645.99. This represents a 41.64 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 12.78% of the stock is owned by company insiders.
Analysts Set New Price Targets
EL has been the subject of several recent analyst reports. Canaccord Genuity Group lowered their target price on Estée Lauder Companies from $76.00 to $70.00 and set a "hold" rating for the company in a research note on Wednesday, February 5th. Barclays lowered their target price on Estée Lauder Companies from $71.00 to $64.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. Piper Sandler raised their target price on Estée Lauder Companies from $91.00 to $98.00 and gave the company an "overweight" rating in a research note on Wednesday, January 29th. Telsey Advisory Group restated a "market perform" rating and set a $76.00 target price on shares of Estée Lauder Companies in a research note on Tuesday, February 4th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $100.00 target price on shares of Estée Lauder Companies in a research note on Friday, January 31st. Twenty equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Estée Lauder Companies presently has an average rating of "Hold" and an average price target of $86.00.
Check Out Our Latest Analysis on Estée Lauder Companies
Estée Lauder Companies Stock Performance
NYSE EL traded up $1.78 during trading hours on Friday, reaching $66.64. The company's stock had a trading volume of 3,995,209 shares, compared to its average volume of 3,719,984. 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 business has a 50-day simple moving average of $73.65 and a 200 day simple moving average of $79.03. The Estée Lauder Companies Inc. has a 52 week low of $62.29 and a 52 week high of $157.49. The stock has a market cap of $23.92 billion, a PE ratio of -34.17, a PEG ratio of 6.09 and a beta of 1.08.
Estée Lauder Companies (NYSE:EL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.32 by $0.30. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The company had revenue of $4 billion for the quarter, compared to analyst estimates of $3.98 billion. During the same quarter last year, the business earned $0.88 earnings per share. Estée Lauder Companies's revenue was down 6.4% compared to the same quarter last year. Equities research 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 declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.40 annualized dividend and a dividend yield of 2.10%. Estée Lauder Companies's payout ratio is currently -71.79%.
Estée Lauder Companies Company 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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