Hsbc Holdings PLC Reduces Stake in The Estee Lauder Companies Inc. $EL

Key Points

• Hsbc Holdings PLC reduced its stake in The Estee Lauder Companies Inc. by 4.4%, owning 509,124 shares valued at approximately $33.53 million after selling 23,321 shares.
• The Estee Lauder Companies reported a decline in quarterly revenue by 11.9% year-over-year, but exceeded earnings estimates with a reported $0.09 EPS against an expected $0.07.
• A quarterly dividend of $0.35 will be paid on September 16th, representing an annualized yield of 1.5%.

Hsbc Holdings PLC trimmed its holdings in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 4.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 509,124 shares of the company's stock after selling 23,321 shares during the quarter. Hsbc Holdings PLC owned about 0.14% of Estee Lauder Companies worth $33,527,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Invesco Ltd. raised its position in shares of Estee Lauder Companies by 21.9% in the 1st quarter. Invesco Ltd. now owns 6,681,785 shares of the company's stock valued at $440,998,000 after acquiring an additional 1,200,537 shares during the period. American Century Companies Inc. grew its holdings in shares of Estee Lauder Companies by 34.9% in the 1st quarter. American Century Companies Inc. now owns 4,511,115 shares of the company's stock valued at $297,734,000 after acquiring an additional 1,167,508 shares in the last quarter. Ensign Peak Advisors Inc boosted its holdings in shares of Estee Lauder Companies by 12.0% in the 4th quarter. Ensign Peak Advisors Inc now owns 3,608,142 shares of the company's stock valued at $270,538,000 after buying an additional 385,677 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Estee Lauder Companies by 3.9% in the 1st quarter. Bank of New York Mellon Corp now owns 3,088,880 shares of the company's stock valued at $203,866,000 after purchasing an additional 117,330 shares during the last quarter. Finally, Northern Trust Corp raised its stake in Estee Lauder Companies by 3.4% in the 1st quarter. Northern Trust Corp now owns 2,445,947 shares of the company's stock valued at $161,433,000 after acquiring an additional 80,387 shares during the period. 55.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EL has been the topic of a number of research reports. Citigroup upped their price objective on Estee Lauder Companies from $60.00 to $99.00 and gave the company a "neutral" rating in a report on Tuesday, July 15th. Wall Street Zen lowered Estee Lauder Companies from a "hold" rating to a "sell" rating in a research note on Friday. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Estee Lauder Companies from $98.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, August 21st. Royal Bank Of Canada raised their price objective on shares of Estee Lauder Companies from $90.00 to $107.00 and gave the company an "outperform" rating in a research note on Thursday, August 21st. Finally, JPMorgan Chase & Co. cut their target price on Estee Lauder Companies from $101.00 to $99.00 and set an "overweight" rating on the stock in a research note on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, Estee Lauder Companies presently has an average rating of "Hold" and a consensus price target of $87.80.

Estee Lauder Companies Trading Up 1.2%

NYSE:EL traded up $1.05 during trading hours on Tuesday, hitting $89.73. The company had a trading volume of 3,810,839 shares, compared to its average volume of 4,206,291. The Estee Lauder Companies Inc. has a 52 week low of $48.37 and a 52 week high of $103.44. The company has a market capitalization of $32.28 billion, a PE ratio of -28.58, a price-to-earnings-growth ratio of 2.61 and a beta of 1.18. The stock has a 50-day moving average price of $87.07 and a 200 day moving average price of $72.51. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.30 and a quick ratio of 0.92.

Estee Lauder Companies (NYSE:EL - Get Free Report) last released its earnings results on Wednesday, August 20th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02. Estee Lauder Companies had a negative net margin of 7.91% and a positive return on equity of 12.37%. The firm had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.36 billion. During the same period last year, the business earned $0.64 earnings per share. The business'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, equities research analysts predict that The Estee Lauder Companies Inc. will post 1.36 EPS for the current fiscal year.

Estee Lauder Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be issued a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.6%. Estee Lauder Companies's dividend payout ratio (DPR) is -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.