Citizens Financial Group Inc RI lifted its holdings in Estee Lauder Companies Inc (NYSE:EL) by 8.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,151 shares of the company’s stock after purchasing an additional 85 shares during the period. Citizens Financial Group Inc RI’s holdings in Estee Lauder Companies were worth $229,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of EL. Coastal Investment Advisors Inc. increased its stake in Estee Lauder Companies by 41.4% during the second quarter. Coastal Investment Advisors Inc. now owns 362 shares of the company’s stock valued at $67,000 after acquiring an additional 106 shares during the period. Boltwood Capital Management bought a new position in Estee Lauder Companies during the third quarter valued at about $661,000. HBK Sorce Advisory LLC bought a new position in Estee Lauder Companies during the second quarter valued at about $434,000. Gamco Investors INC. ET AL bought a new position in Estee Lauder Companies during the second quarter valued at about $2,372,000. Finally, Compagnie Lombard Odier SCmA increased its stake in Estee Lauder Companies by 27.7% during the second quarter. Compagnie Lombard Odier SCmA now owns 23,028 shares of the company’s stock valued at $4,217,000 after acquiring an additional 5,000 shares during the period. Institutional investors and hedge funds own 54.90% of the company’s stock.
Several equities analysts recently issued reports on EL shares. Zacks Investment Research upgraded Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $212.00 price target on the stock in a research note on Tuesday, August 20th. ValuEngine lowered Estee Lauder Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. DA Davidson boosted their price target on Estee Lauder Companies from $6.00 to $184.00 and gave the company a “neutral” rating in a research note on Wednesday, August 21st. They noted that the move was a valuation call. Credit Suisse Group boosted their price target on Estee Lauder Companies from $185.00 to $210.00 and gave the company an “outperform” rating in a research note on Tuesday, August 20th. Finally, Edward Jones lowered Estee Lauder Companies from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $194.96.
NYSE EL opened at $187.06 on Thursday. The company has a current ratio of 1.53, a quick ratio of 1.08 and a debt-to-equity ratio of 1.15. The stock’s 50 day moving average is $191.06 and its two-hundred day moving average is $184.04. The company has a market capitalization of $65.57 billion, a price-to-earnings ratio of 35.03, a PEG ratio of 2.41 and a beta of 0.76. Estee Lauder Companies Inc has a 1-year low of $121.47 and a 1-year high of $207.50.
Estee Lauder Companies (NYSE:EL) last released its quarterly earnings data on Thursday, October 31st. The company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.07. The company had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.85 billion. Estee Lauder Companies had a return on equity of 46.14% and a net margin of 12.34%. The company’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.41 earnings per share. On average, analysts predict that Estee Lauder Companies Inc will post 5.96 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.03%. This is an increase from Estee Lauder Companies’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Wednesday, November 27th. Estee Lauder Companies’s payout ratio is presently 32.21%.
In other news, major shareholder Lal Family Partners Lp sold 2,000,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $196.00, for a total value of $392,000,000.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Vice Chairman Sara E. Moss sold 6,274 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $193.55, for a total value of $1,214,332.70. The disclosure for this sale can be found here. Insiders have sold 2,214,755 shares of company stock worth $434,929,789 over the last ninety days. Company insiders own 14.68% of the company’s stock.
Estee Lauder Companies Company Profile
The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.
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