Janney Montgomery Scott LLC grew its stake in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 123.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,714 shares of the company's stock after purchasing an additional 10,324 shares during the period. Janney Montgomery Scott LLC's holdings in Estee Lauder Companies were worth $1,512,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Mather Group LLC. lifted its stake in shares of Estee Lauder Companies by 442.5% during the 1st quarter. Mather Group LLC. now owns 1,367 shares of the company's stock worth $90,000 after acquiring an additional 1,115 shares during the last quarter. Golden State Wealth Management LLC increased its holdings in shares of Estee Lauder Companies by 57.3% in 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 during the period. Bessemer Group Inc. raised its position in shares of Estee Lauder Companies by 70.2% in the 1st quarter. Bessemer Group Inc. now owns 4,753 shares of the company's stock worth $313,000 after acquiring an additional 1,961 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Estee Lauder Companies by 27.0% in the 1st quarter. GAMMA Investing LLC now owns 3,620 shares of the company's stock worth $239,000 after acquiring an additional 770 shares in the last quarter. Finally, DAVENPORT & Co LLC raised its position in shares of Estee Lauder Companies by 5.1% in the 1st quarter. DAVENPORT & Co LLC now owns 3,796 shares of the company's stock worth $251,000 after acquiring an additional 185 shares in the last quarter. 55.15% of the stock is owned by institutional investors.
Insider Buying and Selling at Estee Lauder Companies
In other Estee Lauder Companies news, VP Lande Rashida La sold 6,417 shares of the firm's stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $91.88, for a total value of $589,593.96. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lynn Forester sold 3,702 shares of the firm'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 transaction of $339,288.30. Following the transaction, the director owned 15,479 shares in the company, valued at $1,418,650.35. This represents a 19.30% decrease in their position. The disclosure for this sale can be found here. 13.05% of the stock is currently owned by corporate insiders.
Estee Lauder Companies Stock Down 6.6%
Shares of NYSE EL opened at $87.77 on Friday. The business has a 50-day moving average of $89.40 and a two-hundred day moving average of $77.00. 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 $97.44. The company has a market capitalization of $31.59 billion, a price-to-earnings ratio of -27.95, a price-to-earnings-growth ratio of 2.51 and a beta of 1.16.
Estee Lauder Companies (NYSE:EL - Get Free Report) last posted its earnings results on Wednesday, August 20th. The company reported $0.09 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.02. The business had revenue of $3.41 billion for the quarter, compared to analysts' expectations of $3.36 billion. Estee Lauder Companies had a positive return on equity of 12.37% and a negative net margin of 7.91%.The business's revenue was down 11.9% compared to the same quarter last year. During the same quarter in the previous 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Tuesday, September 2nd. Estee Lauder Companies's dividend payout ratio is presently -44.59%.
Analyst Ratings Changes
Several research analysts recently weighed in on the company. Bank of America assumed coverage on Estee Lauder Companies in a research note on Thursday, July 10th. They set a "buy" rating and a $110.00 target price on the stock. Telsey Advisory Group restated a "market perform" rating and issued a $99.00 price objective on shares of Estee Lauder Companies in a research report on Wednesday, August 20th. Hsbc Global Res upgraded Estee Lauder Companies from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 27th. Wells Fargo & Company lifted their price target on Estee Lauder Companies from $60.00 to $90.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 9th. Finally, Evercore ISI increased their price objective on shares of Estee Lauder Companies from $100.00 to $115.00 and gave the company an "outperform" rating in a report on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $89.30.
Read Our Latest Stock Report on Estee Lauder Companies
About Estee Lauder Companies
(
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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