Mirae Asset Global Investments Co. Ltd. Grows Stock Holdings in The Estee Lauder Companies Inc. (NYSE:EL)

Mirae Asset Global Investments Co. Ltd. boosted its holdings in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 18.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,082 shares of the company's stock after buying an additional 4,203 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Estee Lauder Companies were worth $1,772,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Smartleaf Asset Management LLC grew its stake in 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 buying an additional 154 shares in the last quarter. Utah Retirement Systems grew its stake in Estee Lauder Companies by 0.5% in the 4th quarter. Utah Retirement Systems now owns 38,236 shares of the company's stock valued at $2,867,000 after buying an additional 200 shares in the last quarter. First Hawaiian Bank grew its stake in Estee Lauder Companies by 2.9% in the 1st quarter. First Hawaiian Bank now owns 7,200 shares of the company's stock valued at $475,000 after buying an additional 200 shares in the last quarter. Golden State Wealth Management LLC grew its stake in 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 buying an additional 228 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in Estee Lauder Companies by 41.0% in the 1st quarter. Farther Finance Advisors LLC now owns 787 shares of the company's stock valued at $53,000 after purchasing an additional 229 shares during the period. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

Estee Lauder Companies Price Performance

Shares of NYSE EL traded up $0.07 during mid-day trading on Friday, reaching $88.65. 2,288,201 shares of the company were exchanged, compared to its average volume of 4,299,000. The Estee Lauder Companies Inc. has a 52 week low of $48.37 and a 52 week high of $107.29. The company has a quick ratio of 1.02, a current ratio of 1.41 and a debt-to-equity ratio of 1.68. The stock has a market capitalization of $31.89 billion, a PE ratio of -36.63, a PEG ratio of 6.30 and a beta of 1.17. The company's 50 day moving average price is $69.20 and its 200 day moving average price is $69.08.

Estee Lauder Companies (NYSE:EL - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.36. The business 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 firm's revenue for the quarter 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. Sell-side analysts forecast that The Estee Lauder Companies Inc. will post 1.36 earnings per share for the current fiscal year.

Estee Lauder Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend was Friday, May 30th. Estee Lauder Companies's dividend payout ratio is presently -57.85%.

Wall Street Analyst Weigh In

Several research analysts have commented on EL shares. Hsbc Global Res raised shares of Estee Lauder Companies from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Evercore ISI raised their price target on shares of Estee Lauder Companies from $90.00 to $100.00 and gave the company an "outperform" rating in a report on Thursday, June 26th. Piper Sandler reissued an "overweight" rating and issued a $75.00 price target (down from $92.00) on shares of Estee Lauder Companies in a report on Friday, May 2nd. Telsey Advisory Group reissued a "market perform" rating and issued a $76.00 price target on shares of Estee Lauder Companies in a report on Thursday, May 1st. Finally, JPMorgan Chase & Co. cut their price target on shares of Estee Lauder Companies from $72.00 to $61.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Sixteen research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Estee Lauder Companies currently has a consensus rating of "Hold" and a consensus target price of $74.45.

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.