Janney Montgomery Scott LLC Sells 17,080 Shares of The Estee Lauder Companies Inc. (NYSE:EL)

Janney Montgomery Scott LLC cut its stake in shares of The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 67.1% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,390 shares of the company's stock after selling 17,080 shares during the period. Janney Montgomery Scott LLC's holdings in Estee Lauder Companies were worth $554,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Bank Pictet & Cie Europe AG lifted its holdings in shares of Estee Lauder Companies by 5.4% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 91,200 shares of the company's stock valued at $6,838,000 after buying an additional 4,690 shares during the last quarter. IFP Advisors Inc lifted its stake in Estee Lauder Companies by 56.0% in the fourth quarter. IFP Advisors Inc now owns 1,257 shares of the company's stock valued at $94,000 after acquiring an additional 451 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in Estee Lauder Companies in the fourth quarter worth approximately $709,000. Oppenheimer & Co. Inc. grew its position in Estee Lauder Companies by 249.7% in the fourth quarter. Oppenheimer & Co. Inc. now owns 9,074 shares of the company's stock worth $680,000 after acquiring an additional 6,479 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in shares of Estee Lauder Companies during the 4th quarter worth $3,390,000. 55.15% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on EL. Wells Fargo & Company reduced their price objective on shares of Estee Lauder Companies from $70.00 to $60.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Barclays boosted their price target on Estee Lauder Companies from $56.00 to $63.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 29th. Stifel Nicolaus lowered their price objective on Estee Lauder Companies from $77.00 to $67.00 and set a "hold" rating on the stock in a report on Thursday, April 10th. Telsey Advisory Group reissued a "market perform" rating and issued a $76.00 price objective on shares of Estee Lauder Companies in a research note on Thursday, May 1st. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $75.00 target price (down previously from $92.00) on shares of Estee Lauder Companies in a research 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat, Estee Lauder Companies presently has an average rating of "Hold" and an average target price of $74.45.

Estee Lauder Companies Stock Performance

Shares of Estee Lauder Companies stock traded up $0.07 during trading hours on Friday, reaching $88.65. The company had a trading volume of 2,288,201 shares, compared to its average volume of 4,294,106. The firm has a market cap of $31.89 billion, a PE ratio of -36.63, a price-to-earnings-growth ratio of 6.30 and a beta of 1.17. The Estee Lauder Companies Inc. has a one year low of $48.37 and a one year high of $107.57. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.41 and a quick ratio of 1.02. The business has a fifty day simple moving average of $69.20 and a 200 day simple moving average of $69.12.

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, beating analysts' consensus estimates of $0.29 by $0.36. Estee Lauder Companies had a negative net margin of 5.89% and a positive return on equity of 15.60%. The business had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $3.51 billion. During the same period last year, the firm posted $0.97 earnings per share. Estee Lauder Companies's quarterly revenue was down 9.9% on a year-over-year basis. On average, analysts anticipate 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 disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 30th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend was Friday, May 30th. Estee Lauder Companies's payout ratio is currently -57.85%.

Estee Lauder Companies Company 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.