100,000 Shares in The Estée Lauder Companies Inc. (NYSE:EL) Purchased by Scion Asset Management LLC

Scion Asset Management LLC purchased a new stake in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 100,000 shares of the company's stock, valued at approximately $7,498,000. Estée Lauder Companies makes up approximately 9.7% of Scion Asset Management LLC's holdings, making the stock its 4th biggest holding.

Other institutional investors also recently bought and sold shares of the company. Ameliora Wealth Management Ltd. purchased a new position in shares of Estée Lauder Companies in the fourth quarter valued at approximately $29,000. Deseret Mutual Benefit Administrators raised its stake in Estée Lauder Companies by 68.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company's stock valued at $29,000 after purchasing an additional 158 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in Estée Lauder Companies in the 4th quarter valued at $30,000. MassMutual Private Wealth & Trust FSB lifted its holdings in Estée Lauder Companies by 42.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company's stock valued at $36,000 after purchasing an additional 141 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted 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 purchasing an additional 154 shares during the last quarter. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Estée Lauder Companies Stock Performance

Shares of Estée Lauder Companies stock opened at $65.19 on Friday. The firm has a market cap of $23.40 billion, a PE ratio of -33.43, a price-to-earnings-growth ratio of 6.09 and a beta of 1.12. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 1.75. The Estée Lauder Companies Inc. has a 52 week low of $48.37 and a 52 week high of $138.17. The business's fifty day simple moving average is $60.63 and its 200-day simple moving average is $68.96.

Estée Lauder Companies (NYSE:EL - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.36. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The firm had revenue of $2.66 billion for the quarter, compared to analyst estimates of $3.51 billion. During the same period in the previous year, the firm earned $0.97 EPS. Estée Lauder Companies's revenue was down 9.9% on a year-over-year basis. Equities analysts forecast that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be issued a $0.35 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.40 annualized dividend and a dividend yield of 2.15%. Estée Lauder Companies's dividend payout ratio is currently -57.85%.

Wall Street Analyst Weigh In

EL has been the subject of a number of recent research reports. Telsey Advisory Group reiterated a "market perform" rating and issued a $76.00 target price on shares of Estée Lauder Companies in a research report on Thursday, May 1st. Wells Fargo & Company dropped their price objective on shares of Estée Lauder Companies from $70.00 to $60.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Estée Lauder Companies from $80.00 to $78.00 and set a "hold" rating for the company in a report on Wednesday, January 22nd. Citigroup lowered their target price on Estée Lauder Companies from $77.00 to $55.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Finally, Morgan Stanley dropped their price target on Estée Lauder Companies from $85.00 to $81.00 and set an "equal weight" rating for the company in a research report on Thursday, February 6th. Nineteen analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $75.20.

Estée Lauder Companies Company 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.

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