Envestnet Asset Management Inc. Raises Stock Position in The Estee Lauder Companies Inc. (NYSE:EL)

Envestnet Asset Management Inc. increased its position in shares of The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 16.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 140,295 shares of the company's stock after buying an additional 19,506 shares during the period. Envestnet Asset Management Inc.'s holdings in Estee Lauder Companies were worth $9,259,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in EL. Golden State Wealth Management LLC raised its position in Estee Lauder Companies by 57.3% during the first quarter. Golden State Wealth Management LLC now owns 626 shares of the company's stock worth $41,000 after acquiring an additional 228 shares during the period. CVA Family Office LLC raised its position in Estee Lauder Companies by 116.2% during the first quarter. CVA Family Office LLC now owns 668 shares of the company's stock worth $44,000 after acquiring an additional 359 shares during the period. Farther Finance Advisors LLC raised its position in Estee Lauder Companies by 41.0% during the first quarter. Farther Finance Advisors LLC now owns 787 shares of the company's stock worth $53,000 after acquiring an additional 229 shares during the period. UMB Bank n.a. raised its position in Estee Lauder Companies by 58.4% during the first quarter. UMB Bank n.a. now owns 906 shares of the company's stock worth $60,000 after acquiring an additional 334 shares during the period. Finally, Rossby Financial LCC acquired a new position in Estee Lauder Companies during the first quarter worth $73,000. 55.15% of the stock is owned by hedge funds and other institutional investors.

Estee Lauder Companies Trading Up 4.1%

Shares of EL traded up $3.58 during trading on Friday, reaching $90.35. 7,609,947 shares of the company traded hands, compared to its average volume of 3,914,970. The Estee Lauder Companies Inc. has a twelve month low of $48.37 and a twelve month high of $103.44. The stock has a market cap of $32.50 billion, a PE ratio of -37.33, a price-to-earnings-growth ratio of 6.21 and a beta of 1.17. The stock has a 50-day simple moving average of $77.23 and a 200-day simple moving average of $70.52. The company has a quick ratio of 1.02, a current ratio of 1.41 and a debt-to-equity ratio of 1.68.

Estee Lauder Companies (NYSE:EL - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.65 EPS for the quarter, beating the consensus estimate 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 business had revenue of $2.66 billion during the quarter, compared to analyst estimates of $3.51 billion. During the same quarter last year, the firm posted $0.97 earnings per share. The business's revenue for the quarter was down 9.9% compared to the same quarter last year. On average, analysts anticipate that The Estee Lauder Companies Inc. will post 1.36 earnings per share for the current year.

Estee Lauder Companies Announces Dividend

The firm 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 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend was Friday, May 30th. Estee Lauder Companies's payout ratio is -57.85%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. HSBC upgraded shares of Estee Lauder Companies from a "hold" rating to a "buy" rating and upped their price objective for the stock from $80.00 to $99.00 in a research report on Friday, June 27th. Deutsche Bank Aktiengesellschaft upgraded shares of Estee Lauder Companies from a "hold" rating to a "buy" rating and increased their target price for the company from $71.00 to $95.00 in a research report on Monday, June 23rd. Wells Fargo & Company increased their target price on shares of Estee Lauder Companies from $60.00 to $90.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 9th. Evercore ISI increased their target price on shares of Estee Lauder Companies from $90.00 to $100.00 and gave the company an "outperform" rating in a research report on Thursday, June 26th. Finally, Royal Bank Of Canada reduced their target price on shares of Estee Lauder Companies from $100.00 to $90.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Thirteen equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $84.50.

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.