Chicago Capital LLC Invests $511,000 in The Estee Lauder Companies Inc. (NYSE:EL)

Chicago Capital LLC bought a new stake in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 7,745 shares of the company's stock, valued at approximately $511,000.

Other institutional investors also recently made changes to their positions in the company. Empowered Funds LLC lifted its position in shares of Estee Lauder Companies by 8.4% during the fourth quarter. Empowered Funds LLC now owns 3,721 shares of the company's stock worth $279,000 after purchasing an additional 287 shares during the last quarter. Asset Management One Co. Ltd. raised its stake in Estee Lauder Companies by 1.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 90,785 shares of the company's stock valued at $6,774,000 after buying an additional 1,330 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its holdings in Estee Lauder Companies by 5.4% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 91,200 shares of the company's stock worth $6,838,000 after buying an additional 4,690 shares during the last quarter. Venturi Wealth Management LLC grew its position in shares of Estee Lauder Companies by 1,610.0% in the 4th quarter. Venturi Wealth Management LLC now owns 1,368 shares of the company's stock worth $103,000 after acquiring an additional 1,288 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS increased its holdings in shares of Estee Lauder Companies by 41.0% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 25,002 shares of the company's stock valued at $1,875,000 after acquiring an additional 7,268 shares during the last quarter. 55.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Wells Fargo & Company reduced their price objective on Estee Lauder Companies from $70.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Wall Street Zen downgraded shares of Estee Lauder Companies from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. Citigroup decreased their price target on shares of Estee Lauder Companies from $77.00 to $55.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Canaccord Genuity Group dropped their price objective on shares of Estee Lauder Companies from $70.00 to $62.00 and set a "hold" rating on the stock in a research note on Tuesday, April 29th. Finally, Royal Bank Of Canada cut their target price on shares of Estee Lauder Companies from $100.00 to $90.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Estee Lauder Companies currently has an average rating of "Hold" and a consensus price target of $75.15.

Estee Lauder Companies Price Performance

EL traded down $0.11 on Thursday, reaching $74.69. The company had a trading volume of 4,882,442 shares, compared to its average volume of 4,187,196. The company has a market capitalization of $26.87 billion, a P/E ratio of -30.86, a PEG ratio of 9.33 and a beta of 1.12. The company has a current ratio of 1.41, a quick ratio of 1.02 and a debt-to-equity ratio of 1.68. The company has a fifty day moving average of $63.02 and a 200-day moving average of $68.98. The Estee Lauder Companies Inc. has a one year low of $48.37 and a one year high of $115.82.

Estee Lauder Companies (NYSE:EL - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.36. Estee Lauder Companies had a negative net margin of 5.89% and a positive return on equity of 15.60%. The company had revenue of $2.66 billion during the quarter, compared to analyst estimates of $3.51 billion. During the same period in the prior year, the business posted $0.97 EPS. The business's revenue for the quarter was down 9.9% compared to the same quarter last year. As a group, equities research analysts anticipate 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 disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 30th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date was Friday, May 30th. Estee Lauder Companies's dividend payout ratio 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.