Assenagon Asset Management S.A. boosted its position in Estee Lauder Companies Inc (NYSE:EL) by 729.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 386,121 shares of the company’s stock after purchasing an additional 339,564 shares during the period. Estee Lauder Companies accounts for about 0.5% of Assenagon Asset Management S.A.’s portfolio, making the stock its 28th biggest holding. Assenagon Asset Management S.A.’s holdings in Estee Lauder Companies were worth $79,749,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of EL. KCS Wealth Advisory acquired a new stake in shares of Estee Lauder Companies in the third quarter valued at about $31,000. Acima Private Wealth LLC increased its stake in shares of Estee Lauder Companies by 185.2% in the third quarter. Acima Private Wealth LLC now owns 154 shares of the company’s stock valued at $30,000 after buying an additional 100 shares during the period. Prime Capital Investment Advisors LLC acquired a new stake in shares of Estee Lauder Companies in the third quarter valued at about $38,000. Simon Quick Advisors LLC increased its stake in shares of Estee Lauder Companies by 361.1% in the fourth quarter. Simon Quick Advisors LLC now owns 249 shares of the company’s stock valued at $51,000 after buying an additional 195 shares during the period. Finally, Hudock Capital Group LLC acquired a new stake in shares of Estee Lauder Companies in the third quarter valued at about $53,000. 55.17% of the stock is owned by institutional investors and hedge funds.
Several brokerages have recently weighed in on EL. Oppenheimer increased their price target on Estee Lauder Companies from $210.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday, January 8th. Citigroup raised Estee Lauder Companies from a “neutral” rating to a “buy” rating in a research note on Thursday, January 2nd. DA Davidson increased their price target on Estee Lauder Companies from $184.00 to $201.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. They noted that the move was a valuation call. Piper Jaffray Companies lowered Estee Lauder Companies from an “overweight” rating to a “neutral” rating and cut their target price for the company from $210.00 to $204.00 in a research report on Monday, October 28th. Finally, Morgan Stanley restated a “buy” rating on shares of Estee Lauder Companies in a research report on Friday, November 1st. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $205.38.
Shares of Estee Lauder Companies stock traded up $1.35 on Friday, hitting $219.29. 26,752 shares of the company’s stock traded hands, compared to its average volume of 1,445,691. Estee Lauder Companies Inc has a one year low of $124.54 and a one year high of $219.29. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.53 and a quick ratio of 1.08. The company has a fifty day moving average of $204.42 and a two-hundred day moving average of $194.18. The company has a market capitalization of $77.61 billion, a price-to-earnings ratio of 41.07, a price-to-earnings-growth ratio of 2.83 and a beta of 0.78.
Estee Lauder Companies (NYSE:EL) last announced its earnings results on Thursday, October 31st. The company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.60 by $0.07. The company had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.85 billion. Estee Lauder Companies had a return on equity of 46.14% and a net margin of 12.34%. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.41 EPS. Equities research analysts anticipate that Estee Lauder Companies Inc will post 5.96 earnings per share for the current year.
In other Estee Lauder Companies news, insider John Demsey sold 8,062 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $186.00, for a total value of $1,499,532.00. Following the transaction, the insider now owns 17,236 shares in the company, valued at $3,205,896. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Gregory Polcer sold 2,997 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $185.43, for a total value of $555,733.71. Following the completion of the transaction, the executive vice president now owns 85,723 shares in the company, valued at approximately $15,895,615.89. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,240 shares of company stock worth $8,621,216. Corporate insiders own 14.68% of the company’s stock.
Estee Lauder Companies 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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