Ninety One North America Inc. Buys 24,474 Shares of The Estee Lauder Companies Inc. $EL

Key Points

• Ninety One North America initiated a position in Estée Lauder, purchasing 24,474 shares valued at approximately $2.27 million. Institutional investors collectively own 55.15% of the company.
• Estée Lauder shares rose 4.4% to $106.09, while the company reported quarterly revenue of $3.64 billion and EPS of $0.39, beating analyst expectations.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $105.24; insiders sold roughly 75,105 shares worth $7.42 million during the latest quarter.

Ninety One North America Inc. bought a new position in shares of The Estee Lauder Companies Inc. (NYSE:EL - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 24,474 shares of the company's stock, valued at approximately $2,270,000.

A number of other hedge funds also recently bought and sold shares of EL. IFP Advisors Inc increased its holdings in shares of Estee Lauder Companies by 35.2% in the 2nd quarter. IFP Advisors Inc now owns 415 shares of the company's stock worth $33,000 after buying an additional 108 shares during the last quarter. Kestra Advisory Services LLC raised its position in shares of Estee Lauder Companies by 3.1% during the 1st quarter. Kestra Advisory Services LLC now owns 4,520 shares of the company's stock valued at $324,000 after buying an additional 134 shares in the last quarter. QRG Capital Management Inc. lifted its holdings in shares of Estee Lauder Companies by 3.0% in the 2nd quarter. QRG Capital Management Inc. now owns 4,569 shares of the company's stock valued at $361,000 after acquiring an additional 135 shares during the last quarter. Contravisory Investment Management Inc. lifted its holdings in shares of Estee Lauder Companies by 1.4% in the 1st quarter. Contravisory Investment Management Inc. now owns 11,691 shares of the company's stock valued at $839,000 after acquiring an additional 158 shares during the last quarter. Finally, State of Michigan Retirement System lifted its holdings in shares of Estee Lauder Companies by 0.3% in the 1st quarter. State of Michigan Retirement System now owns 64,538 shares of the company's stock valued at $4,632,000 after acquiring an additional 200 shares during the last quarter. 55.15% of the stock is currently owned by institutional investors.

Estee Lauder Companies Trading Up 4.4%

Estee Lauder Companies stock traded up $4.50 during midday trading on Thursday, reaching $106.09. The stock had a trading volume of 1,236,696 shares, compared to its average volume of 3,783,512. The company has a quick ratio of 0.90, a current ratio of 1.22 and a debt-to-equity ratio of 1.79. The Estee Lauder Companies Inc. has a 52-week low of $66.22 and a 52-week high of $121.64. The firm has a market cap of $38.38 billion, a price-to-earnings ratio of 216.55, a price-to-earnings-growth ratio of 1.16 and a beta of 1.27. The company has a fifty day moving average of $96.12 and a 200 day moving average of $86.37.

Estee Lauder Companies (NYSE:EL - Get Free Report) last announced its quarterly earnings data on Wednesday, August 19th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.07. Estee Lauder Companies had a net margin of 1.21% and a return on equity of 23.52%. The business had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.55 billion. During the same quarter last year, the firm earned $0.09 earnings per share. The firm's quarterly revenue was up 6.3% compared to the same quarter last year. Estee Lauder Companies has set its FY 2027 guidance at 3.100-3.350 EPS. On average, analysts anticipate that The Estee Lauder Companies Inc. will post 3.31 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 Tuesday, September 15th. Investors of record on Monday, August 31st were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, August 31st. Estee Lauder Companies's dividend payout ratio (DPR) is currently 285.71%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Weiss Ratings raised Estee Lauder Companies from a "sell (d)" rating to a "sell (d+)" rating in a research note on Friday, August 21st. Wall Street Zen lowered Estee Lauder Companies from a "buy" rating to a "hold" rating in a research note on Saturday, September 26th. JPMorgan Chase & Co. raised their price objective on Estee Lauder Companies from $94.00 to $112.00 and gave the company an "overweight" rating in a research note on Thursday, August 20th. Barclays upgraded Estee Lauder Companies from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $97.00 to $108.00 in a report on Monday, October 5th. Finally, UBS Group boosted their target price on Estee Lauder Companies from $86.00 to $106.00 and gave the company a "neutral" rating in a research report on Thursday, August 20th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $105.24.

Insider Activity at Estee Lauder Companies

In other Estee Lauder Companies news, Director Paul J. Fribourg sold 58,000 shares of the stock in a transaction on Monday, September 14th. The stock was sold at an average price of $98.17, for a total value of $5,693,860.00. Following the sale, the director owned 417,300 shares in the company, valued at $40,966,341. This trade represents a 12.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Charlene Barshefsky sold 3,775 shares of the stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $98.82, for a total value of $373,045.50. Following the completion of the sale, the director owned 50,971 shares in the company, valued at approximately $5,036,954.22. The trade was a 6.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 75,105 shares of company stock worth $7,423,185 in the last quarter. 11.54% of the stock is owned by company insiders.

Estee Lauder Companies Profile

The Estée Lauder Companies Inc NYSE: EL is a global beauty company that develops, markets and sells prestige skincare, makeup, fragrance and hair care products. Its portfolio includes brands such as Estée Lauder, Clinique, La Mer, MAC, Bobbi Brown, Jo Malone London, Aveda, The Ordinary and Tom Ford Beauty.

The company's products are distributed through department stores, specialty retailers, freestanding stores, e-commerce platforms, travel retail outlets and other channels. Estée Lauder serves consumers in numerous markets across the Americas, Europe, the Middle East and Africa, and the Asia-Pacific region.

Estée Lauder was founded in 1946 by Estée Lauder and her husband, Joseph Lauder, beginning with a small collection of skincare products.

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