Quinn Opportunity Partners LLC Raises Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Quinn Opportunity Partners LLC boosted its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 174.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 72,284 shares of the company's stock after buying an additional 45,958 shares during the quarter. Quinn Opportunity Partners LLC's holdings in Estée Lauder Companies were worth $5,420,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in EL. Ameliora Wealth Management Ltd. purchased a new stake in shares of Estée Lauder Companies during the 4th quarter valued at approximately $29,000. Deseret Mutual Benefit Administrators grew its position in shares of Estée Lauder Companies by 68.7% during 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. Golden State Wealth Management LLC bought a new position in shares of Estée Lauder Companies in the fourth quarter worth $30,000. Eagle Bay Advisors LLC raised its position in shares of Estée Lauder Companies by 297.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 401 shares of the company's stock worth $30,000 after buying an additional 300 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in Estée Lauder Companies by 42.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company's stock valued at $36,000 after buying an additional 141 shares during the period. Institutional investors own 55.15% of the company's stock.

Estée Lauder Companies Price Performance

Shares of EL stock traded down $1.67 on Wednesday, hitting $52.74. 1,170,295 shares of the stock traded hands, compared to its average volume of 4,018,037. 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 firm has a 50 day simple moving average of $65.96 and a two-hundred day simple moving average of $74.10. The firm has a market cap of $18.93 billion, a price-to-earnings ratio of -27.05, a PEG ratio of 6.09 and a beta of 1.10. The Estée Lauder Companies Inc. has a 52 week low of $48.37 and a 52 week high of $149.91.

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Estée Lauder Companies (NYSE:EL - Get Free Report) last announced 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. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The business had revenue of $4 billion during the quarter, compared to analyst estimates of $3.98 billion. During the same period last year, the firm posted $0.88 EPS. The company's revenue was down 6.4% on a year-over-year basis. As a group, 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 was paid on Monday, March 17th. Investors of record on Friday, February 28th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend was Friday, February 28th. Estée Lauder Companies's payout ratio is presently -71.79%.

Insiders Place Their Bets

In related news, CFO Akhil Shrivastava purchased 700 shares of the firm's stock in a transaction dated Wednesday, February 5th. The stock was purchased at an average price of $65.79 per share, with a total value of $46,053.00. Following the completion of the purchase, the chief financial officer now owns 2,381 shares of the company's stock, valued at approximately $156,645.99. The trade was a 41.64 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Paul J. Fribourg bought 43,000 shares of the firm's stock in a transaction on Wednesday, February 5th. The shares were purchased at an average cost of $66.35 per share, with a total value of $2,853,050.00. Following the completion of the transaction, the director now owns 430,800 shares in the company, 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. Corporate insiders own 12.78% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on EL shares. Citigroup cut their price objective on Estée Lauder Companies from $77.00 to $55.00 and set a "neutral" rating for the company in a report on Monday. Canaccord Genuity Group reduced their price objective on Estée Lauder Companies from $76.00 to $70.00 and set a "hold" rating on the stock in a research report on Wednesday, February 5th. Barclays dropped 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 report on Thursday, February 6th. CICC Research started coverage on shares of Estée Lauder Companies in a research note on Friday, December 27th. They set a "market perform" rating and a $82.00 price target on the stock. Finally, DA Davidson reaffirmed a "buy" rating and issued a $81.00 price objective on shares of Estée Lauder Companies in a research note on Tuesday, February 25th. Nineteen analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $82.52.

Estée Lauder Companies Company Profile

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.