Drive Wealth Management LLC acquired a new stake in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,174 shares of the company's stock, valued at approximately $337,000.
Other large investors also recently bought and sold shares of the company. Farther Finance Advisors LLC increased its stake in shares of Estee Lauder Companies by 41.0% during the first quarter. Farther Finance Advisors LLC now owns 787 shares of the company's stock worth $53,000 after acquiring an additional 229 shares during the period. GAMMA Investing LLC increased its position in Estee Lauder Companies by 27.0% during the 1st quarter. GAMMA Investing LLC now owns 3,620 shares of the company's stock worth $239,000 after purchasing an additional 770 shares during the period. QRG Capital Management Inc. lifted its holdings in shares of Estee Lauder Companies by 12.9% in the 1st quarter. QRG Capital Management Inc. now owns 6,126 shares of the company's stock valued at $404,000 after buying an additional 699 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of Estee Lauder Companies by 3.0% in the first quarter. State of Alaska Department of Revenue now owns 27,406 shares of the company's stock valued at $1,808,000 after buying an additional 790 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in Estee Lauder Companies by 6.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 18,581 shares of the company's stock worth $1,226,000 after acquiring an additional 1,195 shares during the period. Hedge funds and other institutional investors own 55.15% of the company's stock.
Wall Street Analyst Weigh In
EL has been the subject of a number of recent analyst reports. The Goldman Sachs Group raised Estee Lauder Companies from a "neutral" rating to a "buy" rating and raised their target price for the company from $76.00 to $115.00 in a report on Monday, October 13th. Weiss Ratings restated a "sell (d)" rating on shares of Estee Lauder Companies in a research report on Wednesday, October 8th. Citigroup boosted their price objective on shares of Estee Lauder Companies from $60.00 to $99.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 15th. Barclays increased their price objective on shares of Estee Lauder Companies from $63.00 to $84.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 15th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Estee Lauder Companies from $98.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $91.30.
Get Our Latest Stock Report on Estee Lauder Companies
Insiders Place Their Bets
In related news, Director Lynn Forester sold 3,702 shares of the company's stock in a transaction on Friday, August 29th. The stock was sold at an average price of $91.65, for a total value of $339,288.30. Following the completion of the transaction, the director directly owned 15,479 shares in the company, valued at approximately $1,418,650.35. This represents a 19.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Lande Rashida La sold 6,417 shares of the firm's stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $91.88, for a total value of $589,593.96. The disclosure for this sale can be found here. Corporate insiders own 13.05% of the company's stock.
Estee Lauder Companies Trading Up 1.8%
Shares of EL stock opened at $102.57 on Tuesday. The company has a market capitalization of $36.91 billion, a price-to-earnings ratio of -32.67, a PEG ratio of 2.87 and a beta of 1.16. The company has a current ratio of 1.30, a quick ratio of 0.92 and a debt-to-equity ratio of 1.89. The firm has a 50-day moving average price of $90.16 and a 200 day moving average price of $78.50. The Estee Lauder Companies Inc. has a twelve month low of $48.37 and a twelve month high of $104.53.
Estee Lauder Companies (NYSE:EL - Get Free Report) last released its quarterly earnings results on Wednesday, August 20th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.02. The company had revenue of $3.41 billion for the quarter, compared to analysts' expectations of $3.36 billion. Estee Lauder Companies had a negative net margin of 7.91% and a positive return on equity of 12.37%. The firm's revenue for the quarter was down 11.9% compared to the same quarter last year. During the same period last year, the company earned $0.64 EPS. Estee Lauder Companies has set its FY 2026 guidance at 1.900-2.100 EPS. Research analysts forecast that The Estee Lauder Companies Inc. will post 1.36 earnings per share for the current fiscal year.
Estee Lauder Companies Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued a $0.35 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $1.40 annualized dividend and a yield of 1.4%. Estee Lauder Companies's payout ratio is -44.59%.
About Estee Lauder Companies
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding EL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Estee Lauder Companies Inc. (NYSE:EL - Free Report).
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