IFM Investors Pty Ltd Purchases 3,026 Shares of The Estee Lauder Companies Inc. (NYSE:EL)

IFM Investors Pty Ltd grew its stake in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 7.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,105 shares of the company's stock after purchasing an additional 3,026 shares during the period. IFM Investors Pty Ltd's holdings in Estee Lauder Companies were worth $2,911,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew 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 purchasing an additional 154 shares during the last quarter. Golden State Wealth Management LLC boosted its position in shares of Estee Lauder Companies by 57.3% during the 1st quarter. Golden State Wealth Management LLC now owns 626 shares of the company's stock valued at $41,000 after acquiring an additional 228 shares in the last quarter. CVA Family Office LLC boosted its position in shares of Estee Lauder Companies by 116.2% during the 1st quarter. CVA Family Office LLC now owns 668 shares of the company's stock valued at $44,000 after acquiring an additional 359 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Estee Lauder Companies by 41.0% during the 1st quarter. Farther Finance Advisors LLC now owns 787 shares of the company's stock valued at $53,000 after acquiring an additional 229 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in shares of Estee Lauder Companies by 58.4% during the 1st quarter. UMB Bank n.a. now owns 906 shares of the company's stock valued at $60,000 after acquiring an additional 334 shares in the last quarter. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Estee Lauder Companies Price Performance

Shares of NYSE EL traded down $0.99 during trading on Friday, reaching $91.11. The company had a trading volume of 2,973,811 shares, compared to its average volume of 4,310,402. The Estee Lauder Companies Inc. has a 52 week low of $48.37 and a 52 week high of $104.50. The stock has a market cap of $32.78 billion, a PE ratio of -37.65, a PEG ratio of 6.57 and a beta of 1.17. 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 50 day moving average price is $71.47 and its 200-day moving average price is $69.47.

Estee Lauder Companies (NYSE:EL - Get Free Report) last announced 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 negative net margin of 5.89% and a positive return on equity of 15.60%. The company's revenue was down 9.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.97 earnings per share. Analysts expect that The Estee Lauder Companies Inc. will post 1.36 earnings per share for the current year.

Estee Lauder Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend was Friday, May 30th. Estee Lauder Companies's dividend payout ratio (DPR) is -57.85%.

Analyst Ratings Changes

Several brokerages have recently weighed in on EL. JPMorgan Chase & Co. decreased their target price on shares of Estee Lauder Companies from $72.00 to $61.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Canaccord Genuity Group decreased their target price on shares of Estee Lauder Companies from $70.00 to $62.00 and set a "hold" rating on the stock in a research report on Tuesday, April 29th. Hsbc Global Res upgraded shares of Estee Lauder Companies from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 27th. Citigroup decreased their target price on shares of Estee Lauder Companies from $77.00 to $55.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Finally, Stifel Nicolaus decreased their target price on shares of Estee Lauder Companies from $77.00 to $67.00 and set a "hold" rating on the stock in a research report on Thursday, April 10th. Fifteen equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $77.70.

About Estee Lauder Companies

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.