Engineers Gate Manager LP Boosts Stock Position in The Estee Lauder Companies Inc. $EL

Engineers Gate Manager LP grew its position in The Estee Lauder Companies Inc. (NYSE:EL) by 104.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 77,397 shares of the company’s stock after purchasing an additional 39,457 shares during the period. Engineers Gate Manager LP’s holdings in Estee Lauder Companies were worth $6,110,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. California State Teachers Retirement System lifted its holdings in shares of Estee Lauder Companies by 6,993.9% during the second quarter. California State Teachers Retirement System now owns 27,438,678 shares of the company’s stock worth $2,166,284,000 after purchasing an additional 27,051,883 shares during the period. Bank of America Corp DE lifted its stake in Estee Lauder Companies by 950.9% during the 1st quarter. Bank of America Corp DE now owns 13,843,765 shares of the company’s stock valued at $993,567,000 after acquiring an additional 12,526,471 shares during the period. State Street Corp boosted its holdings in shares of Estee Lauder Companies by 4.2% in the 4th quarter. State Street Corp now owns 11,585,782 shares of the company’s stock valued at $1,213,263,000 after acquiring an additional 467,195 shares during the last quarter. Schroder Investment Management Group boosted its holdings in shares of Estee Lauder Companies by 185.3% in the 4th quarter. Schroder Investment Management Group now owns 8,140,550 shares of the company’s stock valued at $861,596,000 after acquiring an additional 5,286,875 shares during the last quarter. Finally, Independent Franchise Partners LLP increased its stake in shares of Estee Lauder Companies by 1.1% in the fourth quarter. Independent Franchise Partners LLP now owns 7,837,249 shares of the company’s stock worth $820,717,000 after acquiring an additional 83,857 shares during the period. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on EL shares. Jefferies Financial Group boosted their target price on shares of Estee Lauder Companies from $88.00 to $100.00 and gave the company a “hold” rating in a research report on Thursday, August 20th. Wall Street Zen raised Estee Lauder Companies from a “hold” rating to a “buy” rating in a report on Saturday. Canaccord Genuity Group upped their target price on Estee Lauder Companies from $85.00 to $90.00 and gave the stock a “hold” rating in a research note on Thursday, August 20th. TD Cowen raised their target price on Estee Lauder Companies from $90.00 to $100.00 and gave the stock a “hold” rating in a report on Thursday, August 20th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $111.00 price target on shares of Estee Lauder Companies in a research report on Monday, August 17th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $104.67.

Estee Lauder Companies Trading Up 0.5%

EL stock opened at $96.99 on Friday. The company’s 50-day simple moving average is $90.33 and its 200-day simple moving average is $85.95. The company has a quick ratio of 0.90, a current ratio of 1.22 and a debt-to-equity ratio of 1.79. The Estee Lauder Companies Inc. has a 52-week low of $66.22 and a 52-week high of $121.64. The firm has a market cap of $35.09 billion, a P/E ratio of 197.95, a PEG ratio of 1.12 and a beta of 1.28.

Estee Lauder Companies (NYSE:EL) last announced its quarterly earnings results on Wednesday, August 19th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.07. Estee Lauder Companies had a return on equity of 23.52% and a net margin of 1.21%.The firm had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.55 billion. During the same quarter in the previous year, the business earned $0.09 EPS. Estee Lauder Companies’s revenue for the quarter was up 6.3% compared to the same quarter last year. Estee Lauder Companies has set its FY 2027 guidance at 3.100-3.350 EPS. As a group, equities analysts forecast that The Estee Lauder Companies Inc. will post 3.3 EPS for the current fiscal year.

Estee Lauder Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be given a $0.35 dividend. The ex-dividend date is Monday, August 31st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.4%. Estee Lauder Companies’s payout ratio is 285.71%.

Insider Buying and Selling

In other news, Director Charlene Barshefsky sold 3,775 shares of the company’s stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $98.82, for a total transaction of $373,045.50. Following the completion of the transaction, the director directly owned 50,971 shares of the company’s stock, valued at $5,036,954.22. This represents a 6.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Rashida La Lande sold 7,766 shares of the stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $103.32, for a total value of $802,383.12. Following the transaction, the vice president owned 14,357 shares in the company, valued at $1,483,365.24. This trade represents a 35.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 17,105 shares of company stock valued at $1,729,325 over the last 90 days. Company insiders own 13.05% of the company’s stock.

Estee Lauder Companies Company Profile

The Estée Lauder Companies Inc is a global beauty company that develops, manufactures and markets prestige skincare, makeup, fragrance and hair-care products. Its portfolio includes Estée Lauder, Clinique, M·A·C, Bobbi Brown Cosmetics, La Mer, Jo Malone London, Aveda, Tom Ford Beauty and The Ordinary, among other brands.

Founded in 1946 by Estée and Joseph Lauder, the company began with four skincare products and has expanded into a broad international beauty business. Its products are sold through department and specialty stores, freestanding stores, e-commerce platforms, travel retail locations and other distribution channels.

Estée Lauder Companies serves consumers in markets around the world, including North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa.