Pekin Hardy Strauss Inc. Sells 4,021 Shares of The Estee Lauder Companies Inc. (NYSE:EL)

Pekin Hardy Strauss Inc. cut its holdings in shares of The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 3.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 108,609 shares of the company's stock after selling 4,021 shares during the quarter. Estee Lauder Companies accounts for 0.9% of Pekin Hardy Strauss Inc.'s holdings, making the stock its 26th largest position. Pekin Hardy Strauss Inc.'s holdings in Estee Lauder Companies were worth $7,168,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in EL. Smartleaf Asset Management LLC boosted its position in shares of Estee Lauder Companies by 47.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 479 shares of the company's stock worth $36,000 after acquiring an additional 154 shares in the last quarter. Golden State Wealth Management LLC boosted its position in shares of Estee Lauder Companies by 57.3% during the 1st quarter. Golden State Wealth Management LLC now owns 626 shares of the company's stock worth $41,000 after acquiring an additional 228 shares in the last quarter. CVA Family Office LLC boosted its position in shares of Estee Lauder Companies by 116.2% during the 1st quarter. CVA Family Office LLC now owns 668 shares of the company's stock worth $44,000 after acquiring an additional 359 shares in the last quarter. Farther Finance Advisors LLC boosted 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 acquiring an additional 229 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in shares of Estee Lauder Companies by 58.4% during the 1st quarter. UMB Bank n.a. now owns 906 shares of the company's stock worth $60,000 after acquiring an additional 334 shares in the last quarter. Institutional investors and hedge funds own 55.15% of the company's stock.

Estee Lauder Companies Trading Up 6.4%

NYSE EL traded up $5.56 during mid-day trading on Thursday, reaching $92.17. 5,898,093 shares of the stock were exchanged, compared to its average volume of 4,311,616. The Estee Lauder Companies Inc. has a one year low of $48.37 and a one year high of $105.59. The stock has a 50 day simple moving average of $70.80 and a 200-day simple moving average of $69.35. The stock has a market cap of $33.16 billion, a P/E ratio of -38.09, a P/E/G ratio of 6.07 and a beta of 1.17. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.41 and a quick ratio of 1.02.

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, topping 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 during the quarter, compared to the consensus estimate of $3.51 billion. During the same quarter last year, the firm earned $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 EPS for the current year.

Estee Lauder Companies Dividend Announcement

The business 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 1.52%. The ex-dividend date was Friday, May 30th. Estee Lauder Companies's dividend payout ratio (DPR) is currently -57.85%.

Analysts Set New Price Targets

A number of brokerages have weighed in on EL. Piper Sandler restated an "overweight" rating and issued a $75.00 target price (down previously from $92.00) on shares of Estee Lauder Companies in a research report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft upgraded shares of Estee Lauder Companies from a "hold" rating to a "buy" rating and raised their target price for the company from $71.00 to $95.00 in a research report on Monday, June 23rd. B. Riley restated a "neutral" rating and issued a $60.00 target price (down previously from $70.00) on shares of Estee Lauder Companies in a research report on Friday, May 2nd. Citigroup cut their target price on shares of Estee Lauder Companies from $77.00 to $55.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Finally, Canaccord Genuity Group cut their target price on shares of Estee Lauder Companies from $70.00 to $62.00 and set a "hold" rating on the stock in a research report on Tuesday, April 29th. Fifteen research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Estee Lauder Companies has a consensus rating of "Hold" and a consensus price target of $77.70.

About Estee Lauder Companies

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.