Armistice Capital LLC purchased a new stake in shares of The Estee Lauder Companies Inc. (NYSE:EL - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 299,157 shares of the company's stock, valued at approximately $19,744,000. Armistice Capital LLC owned about 0.08% of Estee Lauder Companies at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in EL. Invesco Ltd. lifted its holdings in shares of Estee Lauder Companies by 21.9% during the 1st quarter. Invesco Ltd. now owns 6,681,785 shares of the company's stock valued at $440,998,000 after buying an additional 1,200,537 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Estee Lauder Companies by 34.9% in the 1st quarter. American Century Companies Inc. now owns 4,511,115 shares of the company's stock valued at $297,734,000 after acquiring an additional 1,167,508 shares in the last quarter. Nuveen LLC bought a new position in shares of Estee Lauder Companies in the 1st quarter valued at approximately $35,607,000. Price T Rowe Associates Inc. MD raised its stake in shares of Estee Lauder Companies by 133.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 781,341 shares of the company's stock valued at $51,570,000 after acquiring an additional 446,662 shares in the last quarter. Finally, Ensign Peak Advisors Inc raised its stake in shares of Estee Lauder Companies by 12.0% in the 4th quarter. Ensign Peak Advisors Inc now owns 3,608,142 shares of the company's stock valued at $270,538,000 after acquiring an additional 385,677 shares in the last quarter. 55.15% of the stock is currently owned by institutional investors and hedge funds.
Estee Lauder Companies Price Performance
NYSE:EL traded up $1.03 during trading hours on Wednesday, reaching $91.82. The company had a trading volume of 3,128,054 shares, compared to its average volume of 3,956,539. The stock has a 50-day moving average of $88.93 and a two-hundred day moving average of $73.41. The Estee Lauder Companies Inc. has a one year low of $48.37 and a one year high of $103.44. The firm has a market capitalization of $33.05 billion, a PE ratio of 61.15, a PEG ratio of 2.62 and a beta of 1.15. The company has a quick ratio of 0.92, a current ratio of 1.30 and a debt-to-equity ratio of 1.89.
Estee Lauder Companies (NYSE:EL - Get Free Report) last announced its quarterly earnings results on Wednesday, August 20th. The company reported $0.09 earnings per share for the quarter, beating analysts' consensus estimates of $0.07 by $0.02. Estee Lauder Companies had a positive return on equity of 12.37% and a negative net margin of 7.91%.The firm had revenue of $3.41 billion for the quarter, compared to analysts' expectations of $3.36 billion. During the same period in the prior year, the business posted $0.64 earnings per share. The business's revenue was down 11.9% compared to the same quarter last year. Estee Lauder Companies has set its FY 2026 guidance at 1.900-2.100 EPS. Analysts forecast that The Estee Lauder Companies Inc. will post 1.36 earnings per share for the current year.
Estee Lauder Companies Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Tuesday, September 2nd. Estee Lauder Companies's dividend payout ratio is presently -44.59%.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the company. Wells Fargo & Company raised their price objective on Estee Lauder Companies from $60.00 to $90.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 9th. Wall Street Zen downgraded Estee Lauder Companies from a "hold" rating to a "sell" rating in a research report on Friday, August 22nd. Canaccord Genuity Group boosted their price objective 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 increased their target price for the company from $80.00 to $99.00 in a research note on Friday, June 27th. Finally, Citigroup raised their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $87.80.
Read Our Latest Analysis on Estee Lauder Companies
Insider Buying and Selling at Estee Lauder Companies
In other news, VP Lande Rashida La sold 6,417 shares of the stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $91.88, for a total transaction of $589,593.96. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Lynn Forester sold 3,702 shares of the 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 sale, the director owned 15,479 shares in the company, valued at $1,418,650.35. The trade was a 19.30% decrease in their position. The disclosure for this sale can be found here. 12.78% of the stock is currently owned by corporate insiders.
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.
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