Perennial Advisors LLC acquired a new stake in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 9,828 shares of the company's stock, valued at approximately $649,000.
A number of other large investors have also added to or reduced their stakes in the business. Bank Pictet & Cie Europe AG raised its stake in Estée Lauder Companies by 5.4% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 91,200 shares of the company's stock worth $6,838,000 after buying an additional 4,690 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in Estée 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 acquiring an additional 154 shares in the last quarter. Banque Pictet & Cie SA increased its holdings in Estée Lauder Companies by 2.1% during the 4th quarter. Banque Pictet & Cie SA now owns 1,538,034 shares of the company's stock worth $115,322,000 after purchasing an additional 30,971 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in shares of Estée Lauder Companies by 1.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 90,785 shares of the company's stock worth $6,774,000 after purchasing an additional 1,330 shares during the last quarter. Finally, Savant Capital LLC bought a new position in shares of Estée Lauder Companies in the fourth quarter valued at approximately $1,385,000. Institutional investors own 55.15% of the company's stock.
Estée Lauder Companies Stock Performance
Shares of EL stock traded up $0.59 during trading on Monday, reaching $69.05. 4,186,400 shares of the company's stock traded hands, compared to its average volume of 4,142,095. The firm's 50-day moving average is $60.49 and its 200 day moving average is $69.00. The company has a market capitalization of $24.84 billion, a P/E ratio of -35.41, a PEG ratio of 6.09 and a beta of 1.12. The Estée Lauder Companies Inc. has a 1 year low of $48.37 and a 1 year high of $120.19. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 1.75.
Estée Lauder Companies (NYSE:EL - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.36. The firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $3.51 billion. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The business's quarterly revenue was down 9.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.97 earnings per share. Equities research analysts expect that The Estée Lauder Companies Inc. will post 1.36 EPS for the current year.
Estée Lauder Companies Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Friday, May 30th. Estée Lauder Companies's payout ratio is presently -57.85%.
Analyst Ratings Changes
Several research firms have recently issued reports on EL. JPMorgan Chase & Co. reduced their target price on shares of Estée Lauder Companies from $72.00 to $61.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Citigroup decreased their price objective on shares of Estée Lauder Companies from $77.00 to $55.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. B. Riley reissued a "neutral" rating and set a $60.00 target price (down previously from $70.00) on shares of Estée Lauder Companies in a research report on Friday, May 2nd. Wall Street Zen lowered Estée Lauder Companies from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. Finally, Royal Bank of Canada decreased their price target on Estée Lauder Companies from $100.00 to $90.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $75.15.
Read Our Latest Stock Report on EL
Estée Lauder Companies Company Profile
(
Free Report)
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.
Further Reading
Before you consider Estée Lauder Companies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Estée Lauder Companies wasn't on the list.
While Estée Lauder Companies currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
