1832 Asset Management L.P. Sells 9,822 Shares of The Estee Lauder Companies Inc. $EL

Key Points

• 1832 Asset Management L.P. decreased its holdings in The Estee Lauder Companies Inc. by 66.9%, selling 9,822 shares in the first quarter, leaving it with 4,859 shares valued at $321,000.
• Estee Lauder's quarterly earnings report showed $0.09 EPS, beating expectations, although revenue fell 11.9% year-over-year to $3.41 billion.
• The company declared a quarterly dividend of $0.35 per share, with an annual yield of 1.6%, payable on September 16th to shareholders recorded by September 2nd.

1832 Asset Management L.P. reduced its position in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 66.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,859 shares of the company's stock after selling 9,822 shares during the period. 1832 Asset Management L.P.'s holdings in Estee Lauder Companies were worth $321,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Horizon Investments LLC lifted its position in shares of Estee Lauder Companies by 5.1% in the first quarter. Horizon Investments LLC now owns 3,351 shares of the company's stock worth $221,000 after buying an additional 164 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Estee Lauder Companies by 0.7% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 24,633 shares of the company's stock worth $1,626,000 after buying an additional 171 shares in the last quarter. DAVENPORT & Co LLC lifted its position in shares of Estee Lauder Companies by 5.1% in the first quarter. DAVENPORT & Co LLC now owns 3,796 shares of the company's stock worth $251,000 after buying an additional 185 shares in the last quarter. Utah Retirement Systems lifted its position in shares of Estee Lauder Companies by 0.5% in the fourth 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 lifted its position in shares of Estee Lauder Companies by 2.9% in the first 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 Analysts Forecast Growth

A number of equities research analysts recently commented on EL shares. Citigroup boosted their target price on Estee Lauder Companies from $60.00 to $99.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 15th. Canaccord Genuity Group boosted their target price on Estee Lauder Companies from $62.00 to $85.00 and gave the stock a "hold" rating in a research report on Monday, August 18th. HSBC upgraded Estee Lauder Companies from a "hold" rating to a "buy" rating and upped their price objective for the company from $80.00 to $99.00 in a research report on Friday, June 27th. Hsbc Global Res upgraded Estee Lauder Companies from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 27th. Finally, JPMorgan Chase & Co. decreased their price objective on Estee Lauder Companies from $101.00 to $99.00 and set an "overweight" rating on the stock in a research report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, Estee Lauder Companies currently has a consensus rating of "Hold" and a consensus target price of $87.80.

Estee Lauder Companies Trading Down 0.0%

EL traded down $0.02 during trading hours on Friday, reaching $91.75. 2,357,777 shares of the company's stock traded hands, compared to its average volume of 4,146,223. The firm has a 50-day moving average price of $88.40 and a 200 day moving average price of $73.11. The firm has a market capitalization of $33.02 billion, a PE ratio of -29.22, a PEG ratio of 2.62 and a beta of 1.18. The company has a quick ratio of 0.92, a current ratio of 1.30 and a debt-to-equity ratio of 1.89. The Estee Lauder Companies Inc. has a 52-week low of $48.37 and a 52-week high of $103.44.

Estee Lauder Companies (NYSE:EL - Get Free Report) last announced its quarterly earnings data on Wednesday, August 20th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.07 by $0.02. The company had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.36 billion. Estee Lauder Companies had a positive return on equity of 12.37% and a negative net margin of 7.91%.Estee Lauder Companies's quarterly revenue was down 11.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.64 EPS. Estee Lauder Companies has set its FY 2026 guidance at 1.900-2.100 EPS. As a group, sell-side analysts predict that The Estee Lauder Companies Inc. will post 1.36 EPS for the current fiscal year.

Estee Lauder Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Tuesday, September 2nd. Estee Lauder Companies's dividend payout ratio is -44.59%.

Insider Buying and Selling

In other Estee Lauder Companies news, VP Lande Rashida La sold 6,417 shares of the company's stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $91.88, for a total value of $589,593.96. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 12.78% of the stock is owned by company insiders.

Estee 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.