18,300 Shares in The Estée Lauder Companies Inc. (NYSE:EL) Bought by CastleKnight Management LP

CastleKnight Management LP bought a new stake in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 18,300 shares of the company's stock, valued at approximately $1,372,000.

Several other hedge funds also recently made changes to their positions in EL. Ameliora Wealth Management Ltd. acquired a new stake in Estée Lauder Companies in the 4th quarter valued at $29,000. Deseret Mutual Benefit Administrators boosted its position in Estée Lauder Companies by 68.7% during the fourth 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. Eagle Bay Advisors LLC grew its stake in Estée Lauder Companies by 297.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 401 shares of the company's stock valued at $30,000 after purchasing an additional 300 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Estée Lauder Companies during the 4th quarter worth approximately $30,000. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of 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 buying an additional 141 shares during the last quarter. 55.15% of the stock is owned by institutional investors.

Estée Lauder Companies Price Performance

Estée Lauder Companies stock traded down $0.24 during mid-day trading on Friday, reaching $61.00. The company had a trading volume of 2,802,669 shares, compared to its average volume of 4,072,939. The Estée Lauder Companies Inc. has a fifty-two week low of $48.37 and a fifty-two week high of $139.34. The company has a market cap of $21.90 billion, a P/E ratio of -31.28, a P/E/G 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 business has a fifty day simple moving average of $61.33 and a 200 day simple moving average of $69.65.

Estée Lauder Companies (NYSE:EL - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.65 EPS for the quarter, topping 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 analyst estimates of $3.51 billion. During the same period in the previous year, the firm earned $0.97 earnings per share. The firm's quarterly revenue was down 9.9% on a year-over-year basis. On average, equities research analysts predict that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date is Friday, May 30th. Estée Lauder Companies's dividend payout ratio (DPR) is currently -57.85%.

Analysts Set New Price Targets

EL has been the topic of several analyst reports. Wells Fargo & Company dropped their price target on shares of Estée Lauder Companies from $70.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. DA Davidson restated a "buy" rating and issued a $81.00 price objective on shares of Estée Lauder Companies in a research note on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft decreased their target price on Estée Lauder Companies from $80.00 to $78.00 and set a "hold" rating on the stock in a report on Wednesday, January 22nd. UBS Group raised their price target on Estée Lauder Companies from $60.00 to $62.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Finally, Royal Bank of Canada decreased their price target on shares of Estée Lauder Companies from $100.00 to $90.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Nineteen research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Estée Lauder Companies has an average rating of "Hold" and an average price target 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.