Douglas Lane & Associates LLC Trims Stock Holdings in The Estee Lauder Companies Inc. $EL

Key Points

• Douglas Lane & Associates LLC reduced its stake in The Estee Lauder Companies Inc. by 4.1%, now holding approximately $40.75 million in shares.
• Several analysts have recently increased their target price for Estee Lauder, with Wells Fargo setting a new target of $90.00 and Citigroup at $99.00.
• The company reported $0.09 earnings per share for the last quarter, exceeding expectations, but noted an 11.9% decline in revenue year-over-year.

Douglas Lane & Associates LLC reduced its holdings in shares of The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 4.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 504,284 shares of the company's stock after selling 21,724 shares during the quarter. Douglas Lane & Associates LLC owned approximately 0.14% of Estee Lauder Companies worth $40,746,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Bank Pictet & Cie Europe AG raised its stake in shares of 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 in the last quarter. Mather Group LLC. increased its position in shares of Estee Lauder Companies by 442.5% during the first 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 last quarter. Golden State Wealth Management LLC grew its holdings in shares of Estee Lauder Companies by 57.3% during the first quarter. Golden State Wealth Management LLC now owns 626 shares of the company's stock valued at $41,000 after purchasing an additional 228 shares during the last quarter. Bessemer Group Inc. lifted its position in Estee Lauder Companies by 70.2% in the first quarter. Bessemer Group Inc. now owns 4,753 shares of the company's stock worth $313,000 after purchasing an additional 1,961 shares during the period. Finally, GAMMA Investing LLC raised its stake in Estee Lauder Companies by 27.0% during the 1st quarter. GAMMA Investing LLC now owns 3,620 shares of the company's stock valued at $239,000 after purchasing an additional 770 shares during the period. 55.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Estee Lauder Companies news, Director Lynn Forester sold 3,702 shares of Estee Lauder Companies stock in a transaction on Friday, August 29th. The shares were sold at an average price of $91.65, for a total value of $339,288.30. Following the completion of the sale, the director directly owned 15,479 shares of the company's stock, valued at approximately $1,418,650.35. The trade was a 19.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Lande Rashida La sold 6,417 shares of the business's 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. Company insiders own 12.78% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on EL. JPMorgan Chase & Co. lowered their price target on shares of Estee Lauder Companies from $101.00 to $99.00 and set an "overweight" rating for the company in a report on Thursday, August 21st. Hsbc Global Res raised shares of Estee Lauder Companies from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 27th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Estee Lauder Companies from $98.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. HSBC upgraded shares of Estee Lauder Companies from a "hold" rating to a "buy" rating and upped their price target for the company from $80.00 to $99.00 in a report on Friday, June 27th. Finally, Evercore ISI raised their price target on shares of Estee Lauder Companies from $100.00 to $115.00 and gave the company an "outperform" rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, Estee Lauder Companies has an average rating of "Hold" and a consensus target price of $88.55.

Estee Lauder Companies Stock Performance

NYSE:EL traded down $1.12 during mid-day trading on Friday, reaching $86.89. 996,222 shares of the stock were exchanged, compared to its average volume of 4,066,050. 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 Estee Lauder Companies Inc. has a 1 year low of $48.37 and a 1 year high of $103.44. The stock has a market capitalization of $31.27 billion, a P/E ratio of -27.65, a P/E/G ratio of 2.52 and a beta of 1.15. The company has a 50 day simple moving average of $89.66 and a 200-day simple moving average of $74.72.

Estee Lauder Companies (NYSE:EL - Get Free Report) last posted its quarterly earnings results on Wednesday, August 20th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.36 billion. During the same quarter in the previous year, the business earned $0.64 earnings per share. The firm's quarterly revenue was down 11.9% compared to the same quarter last year. Estee Lauder Companies has set its FY 2026 guidance at 1.900-2.100 EPS. Analysts anticipate that The Estee Lauder Companies Inc. will post 1.36 earnings per share for the current fiscal year.

Estee Lauder Companies Dividend Announcement

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

Estee Lauder Companies 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.