AXQ Capital LP Acquires 10,734 Shares of The Estee Lauder Companies Inc. $EL

Key Points

• AXQ Capital LP increased its Estee Lauder stake by 126.5% in the second quarter, buying 10,734 additional shares and ending the period with 19,220 shares valued at approximately $1.52 million.
• Institutional ownership remains significant at 55.15% of outstanding shares, while company vice president Rashida La Lande sold 7,766 shares worth about $802,000.
• Estee Lauder exceeded quarterly earnings and revenue expectations, reporting $0.39 in EPS and $3.64 billion in revenue; despite recently raised price targets, analysts maintain a consensus “Hold” rating with a $104.67 target.

AXQ Capital LP raised its position in shares of The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 126.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,220 shares of the company's stock after purchasing an additional 10,734 shares during the period. AXQ Capital LP's holdings in Estee Lauder Companies were worth $1,517,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of America Corp DE boosted its stake in Estee Lauder Companies by 950.9% in the first quarter. Bank of America Corp DE now owns 13,843,765 shares of the company's stock worth $993,567,000 after buying an additional 12,526,471 shares in the last quarter. State Street Corp raised its stake in shares of Estee Lauder Companies by 4.2% during the fourth quarter. State Street Corp now owns 11,585,782 shares of the company's stock worth $1,213,263,000 after acquiring an additional 467,195 shares in the last quarter. Schroder Investment Management Group raised its stake in shares of Estee Lauder Companies by 185.3% during the fourth quarter. Schroder Investment Management Group now owns 8,140,550 shares of the company's stock worth $861,596,000 after acquiring an additional 5,286,875 shares in the last quarter. Independent Franchise Partners LLP lifted its holdings in shares of Estee Lauder Companies by 1.1% in the 4th quarter. Independent Franchise Partners LLP now owns 7,837,249 shares of the company's stock worth $820,717,000 after acquiring an additional 83,857 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Estee Lauder Companies by 22.7% in the 4th quarter. Bank of New York Mellon Corp now owns 7,497,179 shares of the company's stock worth $785,105,000 after acquiring an additional 1,384,678 shares during the last quarter. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Estee Lauder Companies

In related news, VP Rashida La Lande sold 7,766 shares of the firm's stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $103.32, for a total value of $802,383.12. Following the transaction, the vice president owned 14,357 shares of the company's stock, valued at approximately $1,483,365.24. This trade represents a 35.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 13.05% of the stock is owned by company insiders.

Estee Lauder Companies Stock Performance

Shares of NYSE EL opened at $103.81 on Friday. The company has a market cap of $37.56 billion, a PE ratio of 211.86, a PEG ratio of 1.17 and a beta of 1.28. The firm's 50-day moving average price is $88.55 and its 200-day moving average price is $86.37. The Estee Lauder Companies Inc. has a 52-week low of $66.22 and a 52-week high of $121.64. The company has a quick ratio of 0.90, a current ratio of 1.22 and a debt-to-equity ratio of 1.79.

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

Estee Lauder Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $1.40 annualized dividend and a dividend yield of 1.3%. Estee Lauder Companies's dividend payout ratio is presently 285.71%.

Analysts Set New Price Targets

Several research firms have recently commented on EL. UBS Group lifted their price objective on Estee Lauder Companies from $86.00 to $106.00 and gave the stock a "neutral" rating in a report on Thursday, August 20th. Canaccord Genuity Group boosted their price objective on Estee Lauder Companies from $85.00 to $90.00 and gave the company a "hold" rating in a research report on Thursday, August 20th. Weiss Ratings raised Estee Lauder Companies from a "sell (d)" rating to a "sell (d+)" rating in a research note on Friday, August 21st. Telsey Advisory Group increased their price objective on Estee Lauder Companies from $90.00 to $108.00 and gave the company a "market perform" rating in a research note on Thursday, August 20th. Finally, TD Cowen raised their target price on shares of Estee Lauder Companies from $90.00 to $100.00 and gave the stock a "hold" rating 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 assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $104.67.

About Estee Lauder Companies

Estée Lauder Companies Inc NYSE: EL is a global leader in prestige beauty that develops, manufactures and markets a broad portfolio of skincare, makeup, fragrance and hair care products. Founded in 1946 by Estée Lauder, the company has grown from a small family business into a multinational consumer-products enterprise headquartered in New York City. Its activities span product research and development, brand and product marketing, manufacturing and global distribution across multiple retail channels.

The company's portfolio includes a mix of legacy and prestige brands that target different consumer segments and price points, with well-known names such as Estée Lauder, Clinique, MAC, La Mer and Jo Malone among others.

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