Harrell Investment Partners LLC Sells 6,550 Shares of The Estee Lauder Companies Inc. (NYSE:EL)

Harrell Investment Partners LLC reduced its holdings in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 63.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,735 shares of the company's stock after selling 6,550 shares during the period. Harrell Investment Partners LLC's holdings in Estee Lauder Companies were worth $247,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Bank Pictet & Cie Europe AG increased its position in Estee Lauder Companies by 5.4% in 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 during the period. Smartleaf Asset Management LLC increased its position in Estee Lauder Companies by 47.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 479 shares of the company's stock worth $36,000 after buying an additional 154 shares during the period. Atria Investments Inc grew its holdings in shares of Estee Lauder Companies by 32.1% during the 4th quarter. Atria Investments Inc now owns 5,174 shares of the company's stock worth $388,000 after purchasing an additional 1,258 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of Estee Lauder Companies by 56.0% during the 4th quarter. IFP Advisors Inc now owns 1,257 shares of the company's stock worth $94,000 after purchasing an additional 451 shares in the last quarter. Finally, Merit Financial Group LLC acquired a new stake in shares of Estee Lauder Companies during the 1st quarter worth approximately $206,000. 55.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on EL shares. Piper Sandler reissued an "overweight" rating and set a $75.00 price objective (down previously from $92.00) on shares of Estee Lauder Companies in a report on Friday, May 2nd. Citigroup decreased their price objective on Estee Lauder Companies from $77.00 to $55.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Royal Bank Of Canada decreased their price objective on Estee Lauder Companies from $100.00 to $90.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Telsey Advisory Group reissued a "market perform" rating and set a $76.00 price objective on shares of Estee Lauder Companies in a report on Thursday, May 1st. Finally, B. Riley reissued a "neutral" rating and set a $60.00 price objective (down previously from $70.00) on shares of Estee Lauder Companies in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $75.15.

Estee Lauder Companies Price Performance

Estee Lauder Companies stock opened at $74.69 on Thursday. The firm has a market cap of $26.87 billion, a P/E ratio of -30.86, a P/E/G ratio of 9.33 and a beta of 1.12. The Estee Lauder Companies Inc. has a 52 week low of $48.37 and a 52 week high of $115.82. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.02 and a current ratio of 1.41. The business's fifty day moving average is $63.02 and its two-hundred day moving average is $68.98.

Estee Lauder Companies (NYSE:EL - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.36. The company had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $3.51 billion. Estee Lauder Companies had a positive return on equity of 15.60% and a negative net margin of 5.89%. The firm's quarterly revenue was down 9.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.97 earnings per share. Equities research analysts forecast that The Estee Lauder Companies Inc. will post 1.36 earnings per share for the current fiscal year.

Estee Lauder Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 30th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.87%. Estee Lauder Companies's payout ratio is currently -57.85%.

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.

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