50,429 Shares in The Estée Lauder Companies Inc. (NYSE:EL) Acquired by Tremblant Capital Group

Tremblant Capital Group acquired a new position in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 50,429 shares of the company's stock, valued at approximately $3,781,000.

Other institutional investors also recently made changes to their positions in the company. Brookstone Capital Management boosted its stake in shares of Estée Lauder Companies by 16.7% in the fourth quarter. Brookstone Capital Management now owns 2,950 shares of the company's stock valued at $221,000 after buying an additional 423 shares during the period. Avanza Fonder AB bought a new stake in shares of Estée Lauder Companies in the fourth quarter valued at approximately $1,608,000. HB Wealth Management LLC boosted its stake in shares of Estée Lauder Companies by 23.3% in the fourth quarter. HB Wealth Management LLC now owns 2,925 shares of the company's stock valued at $219,000 after buying an additional 553 shares during the period. Grove Bank & Trust boosted its stake in shares of Estée Lauder Companies by 19,105.0% in the fourth quarter. Grove Bank & Trust now owns 7,682 shares of the company's stock valued at $576,000 after buying an additional 7,642 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of Estée Lauder Companies by 42.1% in the fourth 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 period. Institutional investors own 55.15% of the company's stock.

Estée Lauder Companies Price Performance

Shares of NYSE:EL traded up $0.81 during trading on Thursday, hitting $64.47. 2,925,441 shares of the company were exchanged, compared to its average volume of 4,108,027. The business's 50 day moving average is $60.57 and its 200-day moving average is $68.77. The company has a market capitalization of $23.19 billion, a P/E ratio of -33.06, 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 1-year low of $48.37 and a 1-year high of $131.00.

Estée Lauder Companies (NYSE:EL - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.36. The business had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $3.51 billion. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. Estée Lauder Companies's quarterly revenue was down 9.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.97 earnings per share. 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 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 2.17%. The ex-dividend date is Friday, May 30th. Estée Lauder Companies's dividend payout ratio (DPR) is currently -57.85%.

Analyst Ratings Changes

EL has been the subject of several recent research reports. DA Davidson reiterated a "buy" rating and issued a $81.00 price target on shares of Estée Lauder Companies in a research note on Tuesday, February 25th. JPMorgan Chase & Co. cut their price target on Estée Lauder Companies from $72.00 to $61.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Deutsche Bank Aktiengesellschaft cut their price target on Estée Lauder Companies from $80.00 to $78.00 and set a "hold" rating for the company in a research note on Wednesday, January 22nd. Telsey Advisory Group restated a "market perform" rating and set a $76.00 target price on shares of Estée Lauder Companies in a research note on Thursday, May 1st. Finally, Wells Fargo & Company cut their target price on 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. Nineteen analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus 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.