DekaBank Deutsche Girozentrale cut its position in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 25.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 132,694 shares of the company's stock after selling 44,406 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in Estee Lauder Companies were worth $10,779,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in EL. GAMMA Investing LLC raised its stake in shares of Estee Lauder Companies by 27.0% in the first quarter. GAMMA Investing LLC now owns 3,620 shares of the company's stock valued at $239,000 after buying an additional 770 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in shares of Estee Lauder Companies by 6.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 18,581 shares of the company's stock valued at $1,226,000 after buying an additional 1,195 shares during the period. Oppenheimer Asset Management Inc. raised its stake in shares of Estee Lauder Companies by 104.7% in the first quarter. Oppenheimer Asset Management Inc. now owns 19,363 shares of the company's stock valued at $1,278,000 after buying an additional 9,904 shares during the period. Asset Management One Co. Ltd. raised its stake in shares of Estee Lauder Companies by 9.5% in the first quarter. Asset Management One Co. Ltd. now owns 99,403 shares of the company's stock valued at $6,561,000 after buying an additional 8,618 shares during the period. Finally, Bessemer Group Inc. raised its stake in shares of Estee Lauder Companies by 70.2% in the first 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 during the period. 55.15% of the stock is currently owned by institutional investors.
Insider Activity
In other news, Director Lynn Forester sold 3,702 shares of the company's stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $91.65, for a total value of $339,288.30. Following the completion of the transaction, the director directly owned 15,479 shares in the company, valued at approximately $1,418,650.35. This represents a 19.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Lande Rashida La sold 6,417 shares of the company's stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $91.88, for a total value of $589,593.96. The disclosure for this sale can be found here. 13.05% of the stock is owned by insiders.
Estee Lauder Companies Price Performance
Estee Lauder Companies stock opened at $99.52 on Friday. The Estee Lauder Companies Inc. has a 52 week low of $48.37 and a 52 week high of $104.53. The business has a 50-day simple moving average of $90.56 and a 200 day simple moving average of $79.10. 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 stock has a market cap of $35.82 billion, a price-to-earnings ratio of -31.69, a PEG ratio of 1.81 and a beta of 1.16.
Estee Lauder Companies (NYSE:EL - Get Free Report) last posted its earnings results on Wednesday, August 20th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.07 by $0.02. Estee Lauder Companies had a positive return on equity of 12.37% and a negative net margin of 7.91%.The business had revenue of $3.41 billion during the quarter, compared to analysts' expectations of $3.36 billion. During the same period in the previous year, the business earned $0.64 earnings per share. The firm's revenue was down 11.9% on a year-over-year basis. Estee Lauder Companies has set its FY 2026 guidance at 1.900-2.100 EPS. On average, research analysts forecast that The Estee Lauder Companies Inc. will post 1.36 earnings per share for the current fiscal year.
Estee Lauder Companies Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.4%. The ex-dividend date was Tuesday, September 2nd. Estee Lauder Companies's payout ratio is presently -44.59%.
Wall Street Analyst Weigh In
Several analysts have issued reports on the company. Bank of America began 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. Canaccord Genuity Group boosted their price objective on Estee Lauder Companies from $62.00 to $85.00 and gave the company a "hold" rating in a research note on Monday, August 18th. Wells Fargo & Company boosted their price objective on Estee Lauder Companies from $60.00 to $90.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 9th. Weiss Ratings reiterated a "sell (d)" rating on shares of Estee Lauder Companies in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. boosted their price objective on Estee Lauder Companies from $99.00 to $114.00 and gave the company an "overweight" rating in a research note on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $91.30.
Check Out Our Latest Research Report on Estee Lauder Companies
About Estee Lauder Companies
(
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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