IRON Financial LLC Makes New $370,000 Investment in The Estee Lauder Companies Inc. (NYSE:EL)

IRON Financial LLC acquired a new position in shares of The Estee Lauder Companies Inc. (NYSE:EL - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,607 shares of the company's stock, valued at approximately $370,000.

A number of other large investors have also recently bought and sold shares of the company. Bank Pictet & Cie Europe AG boosted its stake in shares of 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 valued at $6,838,000 after purchasing an additional 4,690 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Estee Lauder Companies by 47.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 479 shares of the company's stock valued at $36,000 after purchasing an additional 154 shares in the last quarter. Atria Investments Inc boosted its stake in shares of Estee Lauder Companies by 32.1% in the 4th quarter. Atria Investments Inc now owns 5,174 shares of the company's stock valued at $388,000 after purchasing an additional 1,258 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of Estee Lauder Companies by 56.0% in the 4th quarter. IFP Advisors Inc now owns 1,257 shares of the company's stock valued at $94,000 after purchasing an additional 451 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its stake in shares of Estee Lauder Companies by 16.5% in the 1st quarter. Exchange Traded Concepts LLC now owns 7,857 shares of the company's stock valued at $519,000 after purchasing an additional 1,110 shares in the last quarter. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Barclays raised their price target on shares of Estee Lauder Companies from $56.00 to $63.00 and gave the company an "equal weight" rating in a research note on Thursday, May 29th. Piper Sandler restated an "overweight" rating and issued a $75.00 price target (down from $92.00) on shares of Estee Lauder Companies in a research note on Friday, May 2nd. Canaccord Genuity Group reduced their price target on shares of Estee Lauder Companies from $70.00 to $62.00 and set a "hold" rating on the stock in a research note on Tuesday, April 29th. Stifel Nicolaus dropped their price objective on shares of Estee Lauder Companies from $77.00 to $67.00 and set a "hold" rating for the company in a report on Thursday, April 10th. Finally, Royal Bank Of Canada dropped their price objective on shares of Estee Lauder Companies from $100.00 to $90.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Sixteen research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Estee Lauder Companies currently has a consensus rating of "Hold" and a consensus price target of $74.45.

Estee Lauder Companies Stock Up 1.6%

Estee Lauder Companies stock opened at $80.28 on Monday. 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 Estee Lauder Companies Inc. has a 52-week low of $48.37 and a 52-week high of $108.37. The firm has a 50 day moving average price of $66.28 and a two-hundred day moving average price of $68.73. The firm has a market cap of $28.88 billion, a price-to-earnings ratio of -33.17, a PEG ratio of 8.26 and a beta of 1.12.

Estee Lauder Companies (NYSE:EL - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.65 EPS for the quarter, topping the consensus estimate 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 quarterly revenue was down 9.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.97 EPS. Equities analysts predict that The Estee Lauder Companies Inc. will post 1.36 EPS for the current year.

Estee Lauder Companies Announces Dividend

The business also recently disclosed 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. This represents a $1.40 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend was Friday, May 30th. Estee Lauder Companies's dividend payout ratio (DPR) is -57.85%.

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.

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