Teacher Retirement System of Texas Has $73.67 Million Holdings in Estée Lauder Companies (EL)

Teacher Retirement System of Texas boosted its stake in shares of Estée Lauder Companies (NYSE:EL) by 3.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 492,054 shares of the company’s stock after acquiring an additional 17,117 shares during the quarter. Teacher Retirement System of Texas’ holdings in Estée Lauder Companies were worth $73,670,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. King Luther Capital Management Corp increased its stake in Estée Lauder Companies by 24.6% during the first quarter. King Luther Capital Management Corp now owns 226,504 shares of the company’s stock worth $33,912,000 after acquiring an additional 44,767 shares during the last quarter. Tyers Asset Management LLC increased its position in shares of Estée Lauder Companies by 130.4% in the first quarter. Tyers Asset Management LLC now owns 20,482 shares of the company’s stock worth $3,067,000 after acquiring an additional 11,594 shares in the last quarter. Riverhead Capital Management LLC increased its position in shares of Estée Lauder Companies by 128.5% in the first quarter. Riverhead Capital Management LLC now owns 23,519 shares of the company’s stock worth $3,521,000 after acquiring an additional 13,225 shares in the last quarter. Signaturefd LLC acquired a new stake in shares of Estée Lauder Companies in the first quarter worth $260,000. Finally, Neuburgh Advisers LLC increased its position in shares of Estée Lauder Companies by 130.4% in the first quarter. Neuburgh Advisers LLC now owns 31,654 shares of the company’s stock worth $4,739,000 after acquiring an additional 17,918 shares in the last quarter. 54.14% of the stock is currently owned by institutional investors.

A number of equities research analysts recently weighed in on EL shares. Morgan Stanley raised their price target on shares of Estée Lauder Companies from $153.00 to $162.00 and gave the company an “overweight” rating in a report on Tuesday. Barclays lowered their price target on shares of Estée Lauder Companies from $156.00 to $152.00 and set an “overweight” rating for the company in a report on Thursday, May 3rd. Credit Suisse Group lowered their price target on shares of Estée Lauder Companies from $162.00 to $156.00 and set an “outperform” rating for the company in a report on Thursday, May 3rd. DA Davidson raised their price target on shares of Estée Lauder Companies from $131.00 to $134.00 and gave the company a “neutral” rating in a report on Thursday, May 3rd. Finally, JPMorgan Chase set a $153.00 price target on shares of Estée Lauder Companies and gave the company a “buy” rating in a report on Thursday, May 3rd. Five research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $142.43.

In related news, CFO Tracey Thomas Travis sold 5,000 shares of Estée Lauder Companies stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $140.11, for a total value of $700,550.00. Following the sale, the chief financial officer now directly owns 19,467 shares in the company, valued at approximately $2,727,521.37. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Gregory Polcer sold 40,797 shares of Estée Lauder Companies stock in a transaction dated Thursday, March 29th. The shares were sold at an average price of $150.00, for a total transaction of $6,119,550.00. Following the completion of the sale, the executive vice president now owns 110,706 shares in the company, valued at $16,605,900. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 146,898 shares of company stock worth $20,997,769. Insiders own 16.24% of the company’s stock.

Shares of Estée Lauder Companies stock traded up $1.56 during trading hours on Wednesday, reaching $143.72. The company’s stock had a trading volume of 7,887 shares, compared to its average volume of 1,931,203. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.37 and a current ratio of 1.82. Estée Lauder Companies has a one year low of $142.41 and a one year high of $143.72. The company has a market cap of $51.62 billion, a P/E ratio of 31.89, a PEG ratio of 2.30 and a beta of 0.63.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Wednesday, May 2nd. The company reported $1.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.10. Estée Lauder Companies had a net margin of 8.67% and a return on equity of 35.88%. The company had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same period last year, the firm posted $0.91 EPS. The company’s revenue for the quarter was up 18.0% on a year-over-year basis. sell-side analysts predict that Estée Lauder Companies will post 4.45 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Thursday, May 31st will be given a $0.38 dividend. The ex-dividend date is Wednesday, May 30th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.06%. Estée Lauder Companies’s payout ratio is currently 43.80%.

Estée Lauder Companies Profile

The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products worldwide. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care, exfoliators, acne and oil correctors, facial masks, cleansing devices, and sun care products; and makeup products for face, eyes, lips, and nails, as well as related items, including compacts, brushes, and other makeup tools.

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Institutional Ownership by Quarter for Estée Lauder Companies (NYSE:EL)

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