Permanens Capital L.P. Boosts Stock Position in The Estee Lauder Companies Inc. $EL

Key Points

• Permanens Capital L.P. increased its stake in The Estee Lauder Companies Inc. by 197%, acquiring 5,885 additional shares to reach a total of 8,872 shares valued at $586,000.
• Estee Lauder recently reported quarterly earnings, posting earnings per share of $0.09, beating analysts' expectations, despite a 11.9% decline in revenue year-over-year.
• Several analysts downgraded Estee Lauder's stock rating, with Wall Street Zen changing its rating from "hold" to "sell" and others adjusting their price targets for the stock significantly.

Permanens Capital L.P. grew its holdings in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 197.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,872 shares of the company's stock after buying an additional 5,885 shares during the period. Permanens Capital L.P.'s holdings in Estee Lauder Companies were worth $586,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EL. Horizon Investments LLC increased its position in shares of Estee Lauder Companies by 5.1% during the 1st quarter. Horizon Investments LLC now owns 3,351 shares of the company's stock valued at $221,000 after purchasing an additional 164 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Estee Lauder Companies by 0.7% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 24,633 shares of the company's stock valued at $1,626,000 after buying an additional 171 shares during the period. DAVENPORT & Co LLC increased its holdings in Estee Lauder Companies by 5.1% during the first quarter. DAVENPORT & Co LLC now owns 3,796 shares of the company's stock worth $251,000 after buying an additional 185 shares during the last quarter. First Hawaiian Bank increased its holdings in Estee Lauder Companies by 2.9% during the first quarter. First Hawaiian Bank now owns 7,200 shares of the company's stock worth $475,000 after buying an additional 200 shares during the last quarter. Finally, State of Michigan Retirement System raised its position in Estee Lauder Companies by 0.3% in the first quarter. State of Michigan Retirement System now owns 63,538 shares of the company's stock worth $4,194,000 after acquiring an additional 200 shares during the period. 55.15% of the stock is owned by institutional investors.

Insider Buying and Selling at Estee Lauder Companies

In other news, VP Lande Rashida La sold 6,417 shares of the business's stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $91.88, for a total transaction of $589,593.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lynn Forester sold 3,702 shares of the firm's stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $91.65, for a total transaction of $339,288.30. Following the completion of the sale, the director directly owned 15,479 shares in the company, valued at $1,418,650.35. This represents a 19.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.78% of the stock is currently owned by company insiders.

Estee Lauder Companies Price Performance

NYSE EL traded down $0.60 during trading hours on Thursday, hitting $86.83. The company had a trading volume of 2,169,684 shares, compared to its average volume of 4,127,556. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.92 and a current ratio of 1.30. The firm has a market capitalization of $31.25 billion, a price-to-earnings ratio of -27.65, a PEG ratio of 2.53 and a beta of 1.15. The Estee Lauder Companies Inc. has a 52 week low of $48.37 and a 52 week high of $103.44. The firm has a 50 day simple moving average of $89.77 and a 200 day simple moving average of $74.13.

Estee Lauder Companies (NYSE:EL - Get Free Report) last announced its quarterly earnings results on Wednesday, August 20th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.07 by $0.02. Estee Lauder Companies had a negative net margin of 7.91% and a positive return on equity of 12.37%. The firm had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.36 billion. During the same period in the prior year, the firm posted $0.64 earnings per share. The company's revenue for the quarter was down 11.9% on a year-over-year basis. Estee Lauder Companies has set its FY 2026 guidance at 1.900-2.100 EPS. Equities research analysts expect that The Estee Lauder Companies Inc. will post 1.36 earnings per share for the current year.

Estee Lauder Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Tuesday, September 2nd. Estee Lauder Companies's dividend payout ratio (DPR) is -44.59%.

Analysts Set New Price Targets

EL has been the subject of a number of research reports. Hsbc Global Res raised shares of Estee Lauder Companies from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 27th. Evercore ISI increased their price objective on Estee Lauder Companies from $90.00 to $100.00 and gave the company an "outperform" rating in a report on Thursday, June 26th. Citigroup raised their target price on Estee Lauder Companies from $60.00 to $99.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 15th. HSBC raised Estee Lauder Companies from a "hold" rating to a "buy" rating and upped their price target for the company from $80.00 to $99.00 in a research report on Friday, June 27th. Finally, Telsey Advisory Group reissued a "market perform" rating and issued a $99.00 price objective on shares of Estee Lauder Companies in a report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have given a Hold rating to the company's stock. According to MarketBeat, Estee Lauder Companies presently has a consensus rating of "Hold" and an average price target of $87.80.

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.