Commerce Bank boosted its stake in shares of Estee Lauder Companies Inc (NYSE:EL) by 3.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,930 shares of the company’s stock after purchasing an additional 1,216 shares during the quarter. Commerce Bank’s holdings in Estee Lauder Companies were worth $5,725,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Efficient Wealth Management LLC bought a new stake in Estee Lauder Companies during the first quarter worth approximately $27,000. NuWave Investment Management LLC boosted its position in shares of Estee Lauder Companies by 1,215.8% in the first quarter. NuWave Investment Management LLC now owns 250 shares of the company’s stock valued at $40,000 after acquiring an additional 231 shares during the period. Kessler Investment Group LLC acquired a new position in shares of Estee Lauder Companies in the first quarter valued at $44,000. Orion Portfolio Solutions LLC acquired a new position in shares of Estee Lauder Companies in the fourth quarter valued at $65,000. Finally, Exane Derivatives raised its stake in shares of Estee Lauder Companies by 406.3% in the fourth quarter. Exane Derivatives now owns 324 shares of the company’s stock valued at $71,000 after purchasing an additional 260 shares in the last quarter. 54.55% of the stock is owned by hedge funds and other institutional investors.
Estee Lauder Companies stock opened at $178.20 on Friday. The business’s 50-day simple moving average is $167.29 and its 200 day simple moving average is $188.35. The stock has a market cap of $64.04 billion, a price-to-earnings ratio of 33.75, a P/E/G ratio of 4.01 and a beta of 0.77. Estee Lauder Companies Inc has a 12-month low of $137.01 and a 12-month high of $220.42. The company has a quick ratio of 1.26, a current ratio of 1.63 and a debt-to-equity ratio of 1.60.
Estee Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Friday, May 1st. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.12. The business had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.10 billion. Estee Lauder Companies had a return on equity of 43.18% and a net margin of 8.43%. The firm’s quarterly revenue was down 10.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.55 earnings per share. As a group, sell-side analysts expect that Estee Lauder Companies Inc will post 4.57 EPS for the current year.
In other Estee Lauder Companies news, insider Hudis Jane Hertzmark sold 12,601 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $174.15, for a total transaction of $2,194,464.15. Following the transaction, the insider now owns 43,329 shares in the company, valued at $7,545,745.35. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Alexandra C. Trower sold 5,500 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $163.08, for a total value of $896,940.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 53,697 shares of company stock worth $9,194,338. Company insiders own 14.68% of the company’s stock.
A number of brokerages recently commented on EL. Oppenheimer restated a “hold” rating and issued a $160.00 target price on shares of Estee Lauder Companies in a research note on Friday, May 1st. Royal Bank of Canada restated a “hold” rating and issued a $200.00 target price on shares of Estee Lauder Companies in a research note on Sunday, February 9th. Evercore ISI initiated coverage on Estee Lauder Companies in a research note on Friday, February 7th. They issued a “buy” rating and a $245.00 target price for the company. Morgan Stanley increased their price objective on Estee Lauder Companies from $163.00 to $179.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Finally, Telsey Advisory Group reiterated an “outperform” rating on shares of Estee Lauder Companies in a research note on Monday, March 2nd. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the stock. Estee Lauder Companies presently has a consensus rating of “Hold” and a consensus target price of $187.05.
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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