41,546 Shares in The Estee Lauder Companies Inc. (NYSE:EL) Purchased by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. bought a new position in shares of The Estee Lauder Companies Inc. (NYSE:EL - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 41,546 shares of the company's stock, valued at approximately $2,742,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its position in Estee Lauder Companies by 47.4% during 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 during the period. Utah Retirement Systems increased its position in Estee Lauder Companies by 0.5% during the 4th quarter. Utah Retirement Systems now owns 38,236 shares of the company's stock valued at $2,867,000 after purchasing an additional 200 shares during the period. First Hawaiian Bank increased its position in Estee Lauder Companies by 2.9% during the 1st quarter. First Hawaiian Bank now owns 7,200 shares of the company's stock valued at $475,000 after purchasing an additional 200 shares during the period. New York Life Investment Management LLC increased its position in Estee Lauder Companies by 0.6% during the 4th quarter. New York Life Investment Management LLC now owns 34,276 shares of the company's stock valued at $2,570,000 after purchasing an additional 210 shares during the period. Finally, Farther Finance Advisors LLC grew 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 worth $53,000 after buying an additional 229 shares during the period. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EL has been the subject of several recent analyst reports. Piper Sandler reaffirmed an "overweight" rating and set a $75.00 price objective (down previously from $92.00) on shares of Estee Lauder Companies in a research report on Friday, May 2nd. Wall Street Zen raised shares of Estee Lauder Companies from a "sell" rating to a "hold" rating in a research report on Friday. Telsey Advisory Group reaffirmed a "market perform" rating and set a $76.00 price objective on shares of Estee Lauder Companies in a research report on Thursday, May 1st. HSBC raised shares of Estee Lauder Companies from a "hold" rating to a "buy" rating and raised their price objective for the stock from $80.00 to $99.00 in a research report on Friday. Finally, 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 report on Wednesday, April 16th. Sixteen analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Estee Lauder Companies has an average rating of "Hold" and a consensus price target of $74.45.

Estee Lauder Companies Stock Performance

Shares of NYSE EL traded up $1.25 during mid-day trading on Friday, reaching $80.28. 10,751,081 shares of the company's stock were exchanged, compared to its average volume of 4,270,883. The firm has a market capitalization of $28.88 billion, a price-to-earnings ratio of -33.17, a price-to-earnings-growth ratio of 8.16 and a beta of 1.12. The Estee Lauder Companies Inc. has a 52 week low of $48.37 and a 52 week high of $110.19. 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 firm has a 50-day moving average price of $66.28 and a two-hundred day moving average price of $68.90.

Estee Lauder Companies (NYSE:EL - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.36. The company had revenue of $2.66 billion for the quarter, compared to analysts' expectations of $3.51 billion. Estee Lauder Companies had a positive return on equity of 15.60% and a negative net margin of 5.89%. The business's revenue for the quarter was down 9.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.97 EPS. Analysts predict that The Estee Lauder Companies Inc. will post 1.36 EPS for the current year.

Estee Lauder Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders 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 1.74%. The ex-dividend date was Friday, May 30th. Estee Lauder Companies's payout ratio is -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.