The Estee Lauder Companies Inc. (NYSE:EL) Shares Purchased by Arizona State Retirement System

Arizona State Retirement System lifted its stake in shares of The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 4.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 67,472 shares of the company's stock after purchasing an additional 3,170 shares during the quarter. Arizona State Retirement System's holdings in Estee Lauder Companies were worth $4,453,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of EL. Golden State Wealth Management LLC boosted its position in Estee Lauder Companies by 57.3% during the 1st quarter. Golden State Wealth Management LLC now owns 626 shares of the company's stock worth $41,000 after buying an additional 228 shares during the period. CVA Family Office LLC increased its stake in Estee Lauder Companies by 116.2% during the 1st quarter. CVA Family Office LLC now owns 668 shares of the company's stock valued at $44,000 after purchasing an additional 359 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Estee Lauder Companies by 41.0% during the 1st quarter. Farther Finance Advisors LLC now owns 787 shares of the company's stock valued at $53,000 after purchasing an additional 229 shares in the last quarter. UMB Bank n.a. increased its stake in Estee Lauder Companies by 58.4% during the 1st quarter. UMB Bank n.a. now owns 906 shares of the company's stock valued at $60,000 after purchasing an additional 334 shares in the last quarter. Finally, Rossby Financial LCC bought a new stake in shares of Estee Lauder Companies in the 1st quarter worth $73,000. 55.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on EL shares. Hsbc Global Res upgraded shares of Estee Lauder Companies from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 27th. Stifel Nicolaus reduced their target price on shares of Estee Lauder Companies from $77.00 to $67.00 and set a "hold" rating for the company in a research note on Thursday, April 10th. Piper Sandler reaffirmed an "overweight" rating and issued a $75.00 price objective (down from $92.00) on shares of Estee Lauder Companies in a report on Friday, May 2nd. UBS Group lifted their price objective on shares of Estee Lauder Companies from $62.00 to $93.00 and gave the company a "neutral" rating in a research note on Thursday. Finally, Wells Fargo & Company boosted their target price on shares of Estee Lauder Companies from $60.00 to $90.00 and gave the company an "equal weight" rating in a report on Wednesday, July 9th. Fifteen equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $82.50.

Estee Lauder Companies Stock Up 0.7%

NYSE EL traded up $0.64 during trading on Friday, hitting $87.20. The company's stock had a trading volume of 2,292,584 shares, compared to its average volume of 4,304,535. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.41 and a quick ratio of 1.02. The company has a market cap of $31.37 billion, a PE ratio of -36.03, a P/E/G ratio of 6.18 and a beta of 1.17. The business's 50 day simple moving average is $74.86 and its 200-day simple moving average is $70.01. The Estee Lauder Companies Inc. has a fifty-two week low of $48.37 and a fifty-two week high of $103.44.

Estee Lauder Companies (NYSE:EL - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.36. Estee Lauder Companies had a positive return on equity of 15.60% and a negative net margin of 5.89%. The firm had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $3.51 billion. During the same quarter in the previous year, the company posted $0.97 earnings per share. The company's revenue was down 9.9% compared to the same quarter last year. On average, equities analysts anticipate that The Estee Lauder Companies Inc. will post 1.36 EPS for the current fiscal year.

Estee Lauder Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date was Friday, May 30th. Estee Lauder Companies's dividend payout ratio (DPR) is currently -57.85%.

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.