Azzad Asset Management Inc. ADV acquired a new position in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 17,064 shares of the company's stock, valued at approximately $1,126,000.
Several other large investors have also modified their holdings of EL. Empowered Funds LLC increased its stake in Estée Lauder Companies by 8.4% in the fourth quarter. Empowered Funds LLC now owns 3,721 shares of the company's stock valued at $279,000 after purchasing an additional 287 shares during the period. Asset Management One Co. Ltd. grew its holdings in shares of Estée Lauder Companies by 1.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 90,785 shares of the company's stock worth $6,774,000 after buying an additional 1,330 shares during the last quarter. V Square Quantitative Management LLC increased its position in Estée Lauder Companies by 13.0% in the 4th quarter. V Square Quantitative Management LLC now owns 6,594 shares of the company's stock valued at $494,000 after acquiring an additional 757 shares during the period. Bank Pictet & Cie Europe AG raised its stake in Estée Lauder Companies by 5.4% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 91,200 shares of the company's stock valued at $6,838,000 after acquiring an additional 4,690 shares during the last quarter. Finally, ABC Arbitrage SA acquired a new stake in Estée Lauder Companies during the 4th quarter worth approximately $1,153,000. Institutional investors and hedge funds own 55.15% of the company's stock.
Wall Street Analysts Forecast Growth
EL has been the subject of several recent research reports. B. Riley reaffirmed a "neutral" rating and set a $60.00 price target (down from $70.00) on shares of Estée Lauder Companies in a report on Friday, May 2nd. UBS Group raised their target price on shares of Estée Lauder Companies from $60.00 to $62.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Wall Street Zen cut shares of Estée Lauder Companies from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $76.00 price objective on shares of Estée Lauder Companies in a report on Thursday, May 1st. Finally, Wells Fargo & Company cut their target price on Estée Lauder Companies from $70.00 to $60.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $75.15.
Read Our Latest Report on EL
Estée Lauder Companies Price Performance
Shares of NYSE EL traded up $4.85 on Monday, hitting $72.16. The company's stock had a trading volume of 1,622,537 shares, compared to its average volume of 4,141,729. The stock has a 50 day moving average of $61.78 and a 200-day moving average of $68.88. The company has a market capitalization of $25.96 billion, a price-to-earnings ratio of -36.97, a price-to-earnings-growth ratio of 6.09 and a beta of 1.12. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.37 and a quick ratio of 0.97. The Estée Lauder Companies Inc. has a 12-month low of $48.37 and a 12-month high of $115.82.
Estée Lauder Companies (NYSE:EL - Get Free Report) last issued its quarterly 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. The business had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $3.51 billion. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The company's quarterly revenue was down 9.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.97 earnings per share. As a group, research analysts predict that The Estée Lauder Companies Inc. will post 1.36 EPS for the current year.
Estée Lauder Companies Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend is Friday, May 30th. Estée Lauder Companies's dividend payout ratio (DPR) is -57.85%.
Estée Lauder Companies Company Profile
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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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