Perennial Advisors LLC Invests $649,000 in The Estée Lauder Companies Inc. (NYSE:EL)

Perennial Advisors LLC acquired a new position in shares of The Estée Lauder Companies Inc. (NYSE:EL) during the 1st quarter, Holdings Channel.com reports. The firm acquired 9,828 shares of the company’s stock, valued at approximately $649,000.

Several other institutional investors also recently bought and sold shares of the company. Peterson Wealth Services increased its stake in Estée Lauder Companies by 9.8% during the 4th quarter. Peterson Wealth Services now owns 1,506 shares of the company’s stock worth $113,000 after buying an additional 134 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in Estée Lauder Companies by 47.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 479 shares of the company’s stock worth $36,000 after buying an additional 154 shares in the last quarter. Deseret Mutual Benefit Administrators increased its stake in Estée Lauder Companies by 68.7% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company’s stock worth $29,000 after buying an additional 158 shares in the last quarter. Utah Retirement Systems increased its stake in Estée Lauder Companies by 0.5% during the 4th quarter. Utah Retirement Systems now owns 38,236 shares of the company’s stock worth $2,867,000 after buying an additional 200 shares in the last quarter. Finally, First Hawaiian Bank increased its stake in Estée Lauder Companies by 2.9% during the 1st quarter. First Hawaiian Bank now owns 7,200 shares of the company’s stock worth $475,000 after buying an additional 200 shares in the last quarter. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on EL. DA Davidson restated a “buy” rating and issued a $81.00 price target on shares of Estée Lauder Companies in a research report on Tuesday, February 25th. UBS Group upped their price target on Estée Lauder Companies from $60.00 to $62.00 and gave the company a “neutral” rating in a research report on Friday, May 2nd. Wells Fargo & Company dropped their price target on Estée Lauder Companies from $70.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Barclays increased their price objective on Estée Lauder Companies from $56.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 29th. Finally, Royal Bank of Canada lowered their price objective on Estée Lauder Companies from $100.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $75.15.

Estée Lauder Companies Stock Up 1.6%

Shares of NYSE EL opened at $68.56 on Friday. The stock has a market cap of $24.66 billion, a P/E ratio of -35.16, a PEG ratio of 6.09 and a beta of 1.12. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 1.75. The Estée Lauder Companies Inc. has a 12-month low of $48.37 and a 12-month high of $120.19. The business’s fifty day simple moving average is $60.49 and its 200-day simple moving average is $68.98.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.36. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The company had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $3.51 billion. During the same period last year, the firm earned $0.97 earnings per share. Estée Lauder Companies’s quarterly revenue was down 9.9% on a year-over-year basis. As a group, equities analysts predict that The Estée Lauder Companies Inc. will post 1.36 EPS for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date is Friday, May 30th. Estée Lauder Companies’s dividend payout ratio is presently -57.85%.

Estée Lauder Companies 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.