Canada Pension Plan Investment Board Decreases Stock Holdings in The Estee Lauder Companies Inc. $EL

Key Points

• Canada Pension Plan Investment Board reduced its stake in Estee Lauder Companies by 53.5%, now holding 418,875 shares valued at approximately $27.6 million.
• Analysts have increased their price targets for Estee Lauder Companies, with Royal Bank Of Canada raising its target from $90.00 to $107.00.
• Estee Lauder Companies reported a quarterly earnings per share of $0.09, surpassing estimates, but experienced an 11.9% year-over-year revenue decline.

Canada Pension Plan Investment Board lowered its stake in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 53.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 418,875 shares of the company's stock after selling 482,720 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.12% of Estee Lauder Companies worth $27,646,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Horizon Investments LLC lifted its position in Estee Lauder Companies by 5.1% during the 1st quarter. Horizon Investments LLC now owns 3,351 shares of the company's stock valued at $221,000 after acquiring an additional 164 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Estee Lauder Companies by 0.7% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 24,633 shares of the company's stock valued at $1,626,000 after acquiring an additional 171 shares during the period. DAVENPORT & Co LLC lifted its position in Estee Lauder Companies by 5.1% during the 1st quarter. DAVENPORT & Co LLC now owns 3,796 shares of the company's stock valued at $251,000 after acquiring an additional 185 shares during the period. First Hawaiian Bank lifted its position in Estee Lauder Companies by 2.9% during the 1st quarter. First Hawaiian Bank now owns 7,200 shares of the company's stock valued at $475,000 after acquiring an additional 200 shares during the period. Finally, State of Michigan Retirement System lifted its position in Estee Lauder Companies by 0.3% during the 1st quarter. State of Michigan Retirement System now owns 63,538 shares of the company's stock valued at $4,194,000 after acquiring an additional 200 shares during the period. Institutional investors own 55.15% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Canaccord Genuity Group increased their target price on Estee Lauder Companies from $62.00 to $85.00 and gave the stock a "hold" rating in a research note on Monday, August 18th. JPMorgan Chase & Co. cut their target price on Estee Lauder Companies from $101.00 to $99.00 and set an "overweight" rating on the stock in a research note on Thursday, August 21st. Deutsche Bank Aktiengesellschaft increased their target price on Estee Lauder Companies from $98.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. Bank of America assumed coverage on Estee Lauder Companies in a research note on Thursday, July 10th. They issued a "buy" rating and a $110.00 target price on the stock. Finally, Barclays increased their target price on Estee Lauder Companies from $63.00 to $84.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $87.80.

Insider Activity at Estee Lauder Companies

In other Estee Lauder Companies news, Director Lynn Forester sold 3,702 shares of Estee Lauder Companies stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $91.65, for a total transaction of $339,288.30. Following the transaction, the director owned 15,479 shares of the company's stock, valued at $1,418,650.35. The trade was a 19.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Lande Rashida La sold 6,417 shares of Estee Lauder Companies stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $91.88, for a total transaction of $589,593.96. The disclosure for this sale can be found here. 12.78% of the stock is owned by insiders.

Estee Lauder Companies Stock Performance

NYSE:EL traded up $1.74 on Friday, hitting $89.20. The stock had a trading volume of 3,550,701 shares, compared to its average volume of 4,160,917. The stock has a market cap of $32.10 billion, a price-to-earnings ratio of -28.41, a price-to-earnings-growth 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. The business's 50-day simple moving average is $89.38 and its two-hundred day simple moving average is $73.67. The Estee Lauder Companies Inc. has a 52-week low of $48.37 and a 52-week high of $103.44.

Estee Lauder Companies (NYSE:EL - Get Free Report) last announced its earnings results on Wednesday, August 20th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.02. The business had revenue of $3.41 billion for the quarter, compared to analysts' expectations of $3.36 billion. Estee Lauder Companies had a positive return on equity of 12.37% and a negative net margin of 7.91%.The business's revenue for the quarter was down 11.9% on a year-over-year basis. During the same period last year, the firm posted $0.64 earnings per share. Estee Lauder Companies has set its FY 2026 guidance at 1.900-2.100 EPS. As a group, research analysts predict that The Estee Lauder Companies Inc. will post 1.36 earnings per share for the current year.

Estee Lauder Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $1.40 annualized dividend and a yield of 1.6%. Estee Lauder Companies's payout ratio is currently -44.59%.

About Estee Lauder Companies

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.