New York State Teachers Retirement System Has $11.34 Million Holdings in The Estee Lauder Companies Inc. (NYSE:EL)

New York State Teachers Retirement System decreased its stake in shares of The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 6.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 171,762 shares of the company's stock after selling 11,773 shares during the period. New York State Teachers Retirement System's holdings in Estee Lauder Companies were worth $11,336,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Bank Pictet & Cie Europe AG grew its position 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 worth $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 fourth quarter. Smartleaf Asset Management LLC now owns 479 shares of the company's stock valued at $36,000 after buying an additional 154 shares during the period. Golden State Wealth Management LLC grew its position in Estee Lauder Companies by 57.3% during the first quarter. Golden State Wealth Management LLC now owns 626 shares of the company's stock worth $41,000 after buying an additional 228 shares in the last quarter. Bessemer Group Inc. increased its stake in Estee Lauder Companies by 70.2% during 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 during the period. Finally, Atria Investments Inc raised its holdings in 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 acquiring an additional 1,258 shares in the last quarter. Institutional investors and hedge funds own 55.15% of the company's stock.

Analyst Ratings Changes

EL has been the subject of several recent analyst reports. Citigroup cut their price objective on shares of Estee Lauder Companies from $77.00 to $55.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Deutsche Bank Aktiengesellschaft raised shares of Estee Lauder Companies from a "hold" rating to a "buy" rating and boosted their target price for the stock from $71.00 to $95.00 in a research note on Monday, June 23rd. Evercore ISI increased their price target on Estee Lauder Companies from $90.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, June 26th. JPMorgan Chase & Co. reduced their price objective on Estee Lauder Companies from $72.00 to $61.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Finally, Barclays upped their target price on Estee Lauder Companies from $56.00 to $63.00 and gave the stock an "equal weight" rating in a report on Thursday, May 29th. Sixteen investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $74.45.

Estee Lauder Companies Trading Up 0.1%

Estee Lauder Companies stock traded up $0.07 during trading hours on Friday, reaching $88.65. 2,288,201 shares of the company's stock were exchanged, compared to its average volume of 4,299,000. The firm's 50 day simple moving average is $69.20 and its 200 day simple moving average is $69.04. The Estee Lauder Companies Inc. has a twelve month low of $48.37 and a twelve month 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 firm 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.

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 the consensus estimate of $0.29 by $0.36. Estee Lauder Companies had a positive return on equity of 15.60% and a negative net margin of 5.89%. The business had revenue of $2.66 billion during the quarter, compared to analysts' expectations of $3.51 billion. During the same quarter last year, the firm posted $0.97 earnings per share. The firm's revenue was down 9.9% on a year-over-year basis. Research analysts predict that The Estee Lauder Companies Inc. will post 1.36 earnings per share for the current year.

Estee Lauder Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were paid a dividend of $0.35 per share. 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%.

Estee Lauder Companies 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.