CIBC Asset Management Inc Acquires 24,835 Shares of The Estee Lauder Companies Inc. $EL

Key Points

• CIBC Asset Management boosted its stake in Estée Lauder by 76.6% in the fourth quarter, buying 24,835 additional shares and bringing its total holding to 57,264 shares worth about $6.0 million.
• Estée Lauder reported better-than-expected quarterly results, with EPS of $0.91 versus $0.66 expected and revenue of $3.71 billion, up 4.6% year over year.
• The company declared a quarterly dividend of $0.35 per share payable June 15, while analysts currently hold a consensus Moderate Buy rating with a target price of $101.63.

CIBC Asset Management Inc increased its holdings in shares of The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 76.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 57,264 shares of the company's stock after buying an additional 24,835 shares during the quarter. CIBC Asset Management Inc's holdings in Estee Lauder Companies were worth $5,997,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Bank of New York Mellon Corp raised its position in Estee Lauder Companies by 22.7% in the fourth quarter. Bank of New York Mellon Corp now owns 7,497,179 shares of the company's stock valued at $785,105,000 after purchasing an additional 1,384,678 shares during the last quarter. Natixis Advisors LLC raised its position in shares of Estee Lauder Companies by 61.5% during the fourth quarter. Natixis Advisors LLC now owns 61,773 shares of the company's stock worth $6,469,000 after acquiring an additional 23,513 shares during the last quarter. Vantus Wealth LLC bought a new position in shares of Estee Lauder Companies during the fourth quarter worth about $210,000. Root Financial Partners LLC raised its position in shares of Estee Lauder Companies by 1,893.2% during the fourth quarter. Root Financial Partners LLC now owns 2,651 shares of the company's stock worth $278,000 after acquiring an additional 2,518 shares during the last quarter. Finally, New Mexico Educational Retirement Board increased its holdings in Estee Lauder Companies by 0.9% in the fourth quarter. New Mexico Educational Retirement Board now owns 10,724 shares of the company's stock worth $1,123,000 after purchasing an additional 100 shares in the last quarter. 55.15% of the stock is currently owned by institutional investors.

Estee Lauder Companies Stock Performance

NYSE:EL opened at $83.56 on Friday. The Estee Lauder Companies Inc. has a 52-week low of $66.22 and a 52-week high of $121.64. The business's fifty day moving average is $78.57 and its 200 day moving average is $94.59. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.94 and a current ratio of 1.27. The firm has a market cap of $30.23 billion, a price-to-earnings ratio of -119.38, a PEG ratio of 0.86 and a beta of 1.26.

Estee Lauder Companies (NYSE:EL - Get Free Report) last posted its earnings results on Friday, May 1st. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.66 by $0.25. Estee Lauder Companies had a positive return on equity of 20.66% and a negative net margin of 1.67%.The business had revenue of $3.71 billion during the quarter, compared to analysts' expectations of $3.69 billion. During the same period in the previous year, the business earned $0.65 earnings per share. The firm's revenue was up 4.6% on a year-over-year basis. Estee Lauder Companies has set its FY 2026 guidance at 2.330-2.430 EPS. Research analysts predict that The Estee Lauder Companies Inc. will post 2.41 EPS for the current year.

Estee Lauder Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, May 29th. Estee Lauder Companies's payout ratio is presently -200.00%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on EL. HSBC downgraded Estee Lauder Companies from a "buy" rating to a "hold" rating and set a $106.00 target price for the company. in a report on Tuesday, February 10th. Telsey Advisory Group cut their target price on Estee Lauder Companies from $105.00 to $90.00 and set a "market perform" rating on the stock in a research report on Monday, May 4th. Weiss Ratings cut Estee Lauder Companies from a "sell (d+)" rating to a "sell (d)" rating in a research report on Monday, May 4th. JPMorgan Chase & Co. lifted their price target on Estee Lauder Companies from $98.00 to $99.00 and gave the stock an "overweight" rating in a report on Monday, May 4th. Finally, Wells Fargo & Company lifted their price target on Estee Lauder Companies from $75.00 to $85.00 and gave the stock an "equal weight" rating in a report on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $101.63.

Estee Lauder Companies Company Profile

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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