GAMMA Investing LLC raised its stake in shares of The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 107.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,504 shares of the company's stock after buying an additional 3,884 shares during the quarter. GAMMA Investing LLC's holdings in Estee Lauder Companies were worth $606,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in the stock. Iams Wealth Management LLC purchased a new position in Estee Lauder Companies during the 2nd quarter valued at about $226,000. Park Avenue Securities LLC grew its holdings in shares of Estee Lauder Companies by 5.6% during the second quarter. Park Avenue Securities LLC now owns 5,515 shares of the company's stock worth $446,000 after purchasing an additional 293 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Estee Lauder Companies by 32.4% during the second quarter. Farther Finance Advisors LLC now owns 1,042 shares of the company's stock worth $84,000 after purchasing an additional 255 shares in the last quarter. CX Institutional grew its holdings in shares of Estee Lauder Companies by 1,301.7% during the second quarter. CX Institutional now owns 3,308 shares of the company's stock worth $267,000 after purchasing an additional 3,072 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Estee Lauder Companies by 657.8% during the second quarter. Assenagon Asset Management S.A. now owns 435,521 shares of the company's stock worth $35,190,000 after purchasing an additional 378,051 shares in the last quarter. Hedge funds and other institutional investors own 55.15% of the company's stock.
Estee Lauder Companies Stock Down 2.7%
Shares of EL opened at $85.35 on Thursday. The firm has a market cap of $30.72 billion, a P/E ratio of -27.18, a P/E/G ratio of 2.51 and a beta of 1.15. The stock has a 50 day simple moving average of $89.56 and a two-hundred day simple moving average of $75.15. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.30 and a quick ratio of 0.92. The Estee Lauder Companies Inc. has a 1 year low of $48.37 and a 1 year high of $103.44.
Estee Lauder Companies (NYSE:EL - Get Free Report) last issued its earnings results on Wednesday, August 20th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.02. The business had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.36 billion. Estee Lauder Companies had a positive return on equity of 12.37% and a negative net margin of 7.91%.Estee Lauder Companies's revenue for the quarter was down 11.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.64 earnings per share. Estee Lauder Companies has set its FY 2026 guidance at 1.900-2.100 EPS. On average, 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were given a $0.35 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $1.40 annualized dividend and a yield of 1.6%. Estee Lauder Companies's payout ratio is presently -44.59%.
Insider Activity at Estee Lauder Companies
In other Estee Lauder Companies news, VP Lande Rashida La sold 6,417 shares of the business's stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $91.88, for a total value of $589,593.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lynn Forester sold 3,702 shares of the business's stock in a transaction that occurred 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 owned 15,479 shares of the company's stock, valued at $1,418,650.35. The trade was a 19.30% decrease in their position. The disclosure for this sale can be found here. Insiders own 12.78% of the company's stock.
Wall Street Analysts Forecast Growth
EL has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on Estee Lauder Companies from $98.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. Citigroup boosted their price objective on Estee Lauder Companies from $60.00 to $99.00 and gave the stock a "neutral" rating in a report on Tuesday, July 15th. Canaccord Genuity Group boosted their price objective on Estee Lauder Companies from $62.00 to $85.00 and gave the stock a "hold" rating in a report on Monday, August 18th. JPMorgan Chase & Co. cut their price objective on Estee Lauder Companies from $101.00 to $99.00 and set an "overweight" rating for the company in a report on Thursday, August 21st. Finally, Telsey Advisory Group reissued a "market perform" rating and set a $99.00 price objective on shares of Estee Lauder Companies in a report on Wednesday, August 20th. 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 company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $88.55.
Read Our Latest Research Report on Estee Lauder Companies
Estee Lauder Companies Company Profile
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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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