Assenagon Asset Management S.A. Sells 249,312 Shares of The Estee Lauder Companies Inc. $EL

Assenagon Asset Management S.A. trimmed its position in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 60.4% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 163,258 shares of the company's stock after selling 249,312 shares during the period. Assenagon Asset Management S.A.'s holdings in Estee Lauder Companies were worth $15,145,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Ninety One UK Ltd bought a new stake in shares of Estee Lauder Companies during the third quarter worth approximately $134,551,000. Ninety One SA Pty Ltd acquired a new stake in Estee Lauder Companies during the 3rd quarter worth $154,000. Ninety One North America Inc. acquired a new stake in Estee Lauder Companies during the 3rd quarter worth $2,270,000. Mather Group LLC. raised its position in shares of Estee Lauder Companies by 228.6% during the 3rd quarter. Mather Group LLC. now owns 4,331 shares of the company's stock valued at $402,000 after acquiring an additional 3,013 shares during the last quarter. Finally, Sax Wealth Advisors LLC bought a new stake in shares of Estee Lauder Companies during the 3rd quarter valued at $491,000. 55.15% of the stock is owned by institutional investors and hedge funds.

Estee Lauder Companies Price Performance

NYSE:EL opened at $105.85 on Tuesday. The Estee Lauder Companies Inc. has a 1-year low of $66.22 and a 1-year high of $121.64. The company has a current ratio of 1.22, a quick ratio of 0.90 and a debt-to-equity ratio of 1.79. The firm has a fifty day simple moving average of $97.25 and a 200 day simple moving average of $87.15. The stock has a market capitalization of $38.30 billion, a PE ratio of 41.65, a P/E/G ratio of 1.21 and a beta of 1.27.

Estee Lauder Companies (NYSE:EL - Get Free Report) last issued its earnings results on Wednesday, August 19th. The company reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.07. Estee Lauder Companies had a net margin of 1.21% and a return on equity of 23.52%. The business had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.55 billion. During the same period in the previous year, the company earned $0.09 earnings per share. The firm's revenue for the quarter was up 6.3% on a year-over-year basis. Estee Lauder Companies has set its FY 2027 guidance at 3.100-3.350 EPS. On average, research analysts expect that The Estee Lauder Companies Inc. will post 3.31 EPS for the current fiscal year.

Estee Lauder Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.3%. The ex-dividend date was Monday, August 31st. Estee Lauder Companies's dividend payout ratio (DPR) is 285.71%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Barclays raised Estee Lauder Companies from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $97.00 to $108.00 in a research report on Monday, October 5th. Morgan Stanley upped their price target on Estee Lauder Companies from $102.00 to $112.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 15th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $111.00 price target on shares of Estee Lauder Companies in a research note on Monday, August 17th. Canaccord Genuity Group lifted their price objective on shares of Estee Lauder Companies from $85.00 to $90.00 and gave the company a "hold" rating in a report on Thursday, August 20th. Finally, Zacks Research downgraded shares of Estee Lauder Companies from a "strong-buy" rating to a "hold" rating in a report on Friday, July 10th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $106.33.

Insider Activity at Estee Lauder Companies

In related news, Director Paul Fribourg sold 58,000 shares of Estee Lauder Companies stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $98.17, for a total transaction of $5,693,860.00. Following the completion of the transaction, the director owned 417,300 shares in the company, valued at approximately $40,966,341. This trade represents a 12.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Rashida La Lande sold 7,766 shares of the business's stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $103.32, for a total value of $802,383.12. Following the transaction, the vice president directly owned 14,357 shares in the company, valued at approximately $1,483,365.24. This trade represents a 35.10% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 75,105 shares of company stock worth $7,423,185. Insiders own 11.54% of the company's stock.

Estee Lauder Companies Profile

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

Founded in 1946 by Estée and Joseph Lauder, the company began with four skincare products and has expanded into a multinational beauty business. Its products are sold through department and specialty stores, beauty retailers, brand-operated stores, e-commerce platforms, salons, spas and other distribution channels.

The Estée Lauder Companies serves consumers in markets across the Americas, Europe, the Middle East and Africa, and Asia-Pacific.

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