Andra AP fonden Sells 170,900 Shares of The Estee Lauder Companies Inc. $EL

Key Points

• Andra AP fonden cut its Estee Lauder stake by 78.5% in the second quarter, selling 170,900 shares and retaining 46,830 shares valued at approximately $3.7 million. Institutional investors collectively own 55.15% of the company.
• Estee Lauder exceeded quarterly expectations, reporting $0.39 in earnings per share versus a $0.32 consensus estimate and revenue of $3.64 billion, up 6.3% year over year.
• Analysts maintain a consensus “Hold” rating with an average price target of $104.67, while insiders sold 75,105 shares worth approximately $7.4 million over the past 90 days.

Andra AP fonden trimmed its stake in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 78.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,830 shares of the company's stock after selling 170,900 shares during the period. Andra AP fonden's holdings in Estee Lauder Companies were worth $3,697,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. J. Stern & Co. LLP increased its stake in Estee Lauder Companies by 4,281.3% in the fourth quarter. J. Stern & Co. LLP now owns 4,094,761 shares of the company's stock valued at $4,094,761,000 after acquiring an additional 4,001,300 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Estee Lauder Companies by 950.9% in the 1st quarter. Bank of America Corp DE now owns 13,843,765 shares of the company's stock worth $993,567,000 after purchasing an additional 12,526,471 shares in the last quarter. Independent Franchise Partners LLP increased its position in shares of Estee Lauder Companies by 1.1% during the 4th quarter. Independent Franchise Partners LLP now owns 7,837,249 shares of the company's stock valued at $820,717,000 after purchasing an additional 83,857 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Estee Lauder Companies by 22.7% during the 4th quarter. Bank of New York Mellon Corp now owns 7,497,179 shares of the company's stock valued at $785,105,000 after purchasing an additional 1,384,678 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Estee Lauder Companies by 5.5% during the 4th quarter. Geode Capital Management LLC now owns 6,308,108 shares of the company's stock valued at $658,020,000 after buying an additional 331,530 shares in the last quarter. 55.15% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Estee Lauder Companies news, Director Paul Fribourg sold 58,000 shares of the stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $98.17, for a total value of $5,693,860.00. Following the completion of the sale, the director owned 417,300 shares in the company, valued at approximately $40,966,341. This trade represents a 12.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Charlene Barshefsky sold 3,775 shares of Estee Lauder Companies stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $98.82, for a total value of $373,045.50. Following the completion of the sale, the director owned 50,971 shares in the company, valued at approximately $5,036,954.22. This represents a 6.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 75,105 shares of company stock worth $7,423,185. 13.05% of the stock is currently owned by company insiders.

Estee Lauder Companies Price Performance

EL opened at $98.79 on Thursday. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.22 and a quick ratio of 0.90. The stock's 50 day simple moving average is $92.59 and its 200 day simple moving average is $85.26. The firm has a market cap of $35.74 billion, a price-to-earnings ratio of 201.61, a PEG ratio of 1.16 and a beta of 1.28. The Estee Lauder Companies Inc. has a 1 year low of $66.22 and a 1 year high of $121.64.

Estee Lauder Companies (NYSE:EL - Get Free Report) last issued its earnings results on Wednesday, August 19th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.32 by $0.07. The company had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.55 billion. Estee Lauder Companies had a net margin of 1.21% and a return on equity of 23.52%. The firm's revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.09 earnings per share. Estee Lauder Companies has set its FY 2027 guidance at 3.100-3.350 EPS. As a group, analysts predict that The Estee Lauder Companies Inc. will post 3.3 earnings per share for the current year.

Estee Lauder Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, August 31st. This represents a $1.40 dividend on an annualized basis and a yield of 1.4%. Estee Lauder Companies's dividend payout ratio is presently 285.71%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Citigroup boosted their target price on Estee Lauder Companies from $110.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, August 20th. UBS Group lifted their price target on shares of Estee Lauder Companies from $86.00 to $106.00 and gave the stock a "neutral" rating in a research note on Thursday, August 20th. Jefferies Financial Group boosted their price objective on shares of Estee Lauder Companies from $88.00 to $100.00 and gave the stock a "hold" rating in a report on Thursday, August 20th. Weiss Ratings raised shares of Estee Lauder Companies from a "sell (d)" rating to a "sell (d+)" rating in a research note on Friday, August 21st. Finally, B. Riley Financial reaffirmed a "neutral" rating and set a $100.00 target price (up from $85.00) on shares of Estee Lauder Companies in a report on Thursday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $104.67.

Estee Lauder Companies Profile

The Estée Lauder Companies Inc is a global beauty company that develops, manufactures and markets prestige skincare, makeup, fragrance and hair-care products. Its portfolio includes Estée Lauder, Clinique, M·A·C, Bobbi Brown Cosmetics, La Mer, Jo Malone London, Aveda, Tom Ford Beauty and The Ordinary, among other brands.

Founded in 1946 by Estée and Joseph Lauder, the company began with four skincare products and has expanded into a broad international beauty business. Its products are sold through department and specialty stores, freestanding stores, e-commerce platforms, travel retail locations and other distribution channels.

Estée Lauder Companies serves consumers in markets around the world, including North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa.

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