Caliber Wealth Management LLC KS Buys Shares of 16,930 The Estee Lauder Companies Inc. (NYSE:EL)

Key Points

• Caliber Wealth Management LLC KS purchased 16,930 shares of Estee Lauder Companies, valued at approximately $1,117,000, in the first quarter of this year.
• Estee Lauder reported earnings of $0.65 per share for the last quarter, significantly exceeding analyst expectations, but its revenue decreased by 9.9% year-over-year, totaling $2.66 billion.
• The company recently declared a quarterly dividend of $0.35, resulting in a 1.55% dividend yield for shareholders.

Caliber Wealth Management LLC KS bought a new position in shares of The Estee Lauder Companies Inc. (NYSE:EL - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 16,930 shares of the company's stock, valued at approximately $1,117,000.

A number of other institutional investors also recently bought and sold shares of the business. Bank Pictet & Cie Europe AG increased its position in Estee Lauder Companies by 5.4% in 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 period. Mather Group LLC. grew its holdings in shares of Estee Lauder Companies by 442.5% in the 1st quarter. Mather Group LLC. now owns 1,367 shares of the company's stock worth $90,000 after acquiring an additional 1,115 shares during the period. Golden State Wealth Management LLC grew its holdings in shares of Estee Lauder Companies by 57.3% in the 1st quarter. Golden State Wealth Management LLC now owns 626 shares of the company's stock worth $41,000 after acquiring an additional 228 shares during the period. Bessemer Group Inc. lifted its stake in Estee Lauder Companies by 70.2% in the 1st quarter. Bessemer Group Inc. now owns 4,753 shares of the company's stock valued at $313,000 after buying an additional 1,961 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Estee Lauder Companies by 27.0% in the 1st quarter. GAMMA Investing LLC now owns 3,620 shares of the company's stock valued at $239,000 after buying an additional 770 shares in the last quarter. 55.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Wells Fargo & Company increased their price target on Estee Lauder Companies from $60.00 to $90.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 9th. UBS Group increased their price target on shares of Estee Lauder Companies from $62.00 to $93.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Bank of America initiated coverage on shares of Estee Lauder Companies in a research note on Thursday, July 10th. They set a "buy" rating and a $110.00 price objective on the stock. B. Riley restated a "neutral" rating and issued a $60.00 price target (down previously from $70.00) on shares of Estee Lauder Companies in a research report on Friday, May 2nd. Finally, HSBC raised shares of Estee Lauder Companies from a "hold" rating to a "buy" rating and lifted their target price for the company from $80.00 to $99.00 in a research note on Friday, June 27th. Thirteen analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $84.50.

Estee Lauder Companies Price Performance

Shares of Estee Lauder Companies stock traded up $2.46 during midday trading on Wednesday, hitting $93.86. 1,520,618 shares of the company traded hands, compared to its average volume of 4,169,676. The stock has a market cap of $33.77 billion, a price-to-earnings ratio of -38.76, a PEG ratio of 6.62 and a beta of 1.17. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.02 and a current ratio of 1.41. The firm's fifty day moving average price is $78.29 and its 200-day moving average price is $70.75. The Estee Lauder Companies Inc. has a 12 month low of $48.37 and a 12 month high of $103.44.

Estee 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 company had revenue of $2.66 billion for the quarter, compared to analyst estimates of $3.51 billion. Estee Lauder Companies had a negative net margin of 5.89% and a positive return on equity of 15.60%. Estee Lauder Companies's revenue was down 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.97 earnings per share. As a group, sell-side analysts forecast that The Estee Lauder Companies Inc. will post 1.36 earnings per share for the current year.

Estee Lauder Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were issued a dividend of $0.35 per share. The ex-dividend date was Friday, May 30th. This represents a $1.40 dividend on an annualized basis and a yield of 1.49%. Estee Lauder Companies's dividend payout ratio (DPR) is presently -57.85%.

Estee Lauder Companies Company 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.