Poehling Capital Management INC. Acquires 20,741 Shares of The Estee Lauder Companies Inc. (NYSE:EL)

Poehling Capital Management INC. increased its position in shares of The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 65.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 52,245 shares of the company's stock after acquiring an additional 20,741 shares during the period. Poehling Capital Management INC.'s holdings in Estee Lauder Companies were worth $3,448,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in Estee Lauder Companies by 9.5% in the 4th quarter. Vanguard Group Inc. now owns 27,014,303 shares of the company's stock worth $2,025,532,000 after buying an additional 2,344,210 shares in the last quarter. FMR LLC boosted its stake in shares of Estee Lauder Companies by 163.8% in the 4th quarter. FMR LLC now owns 14,382,579 shares of the company's stock valued at $1,078,406,000 after purchasing an additional 8,930,011 shares in the last quarter. Independent Franchise Partners LLP boosted its stake in shares of Estee Lauder Companies by 45.5% in the 4th quarter. Independent Franchise Partners LLP now owns 7,858,158 shares of the company's stock valued at $589,205,000 after purchasing an additional 2,458,379 shares in the last quarter. Capital World Investors purchased a new stake in shares of Estee Lauder Companies in the 4th quarter valued at $554,509,000. Finally, Invesco Ltd. boosted its stake in shares of Estee Lauder Companies by 148.9% in the 4th quarter. Invesco Ltd. now owns 5,481,248 shares of the company's stock valued at $410,984,000 after purchasing an additional 3,278,632 shares in the last quarter. Institutional investors own 55.15% of the company's stock.

Estee Lauder Companies Trading Up 0.3%

NYSE EL traded up $0.28 during trading on Thursday, hitting $86.68. The company had a trading volume of 2,843,802 shares, compared to its average volume of 4,304,701. The company has a current ratio of 1.41, a quick ratio of 1.02 and a debt-to-equity ratio of 1.68. The Estee Lauder Companies Inc. has a one year low of $48.37 and a one year high of $103.44. The company has a market cap of $31.18 billion, a price-to-earnings ratio of -35.82, a price-to-earnings-growth ratio of 6.15 and a beta of 1.17. The company's fifty day moving average is $73.83 and its 200-day moving average is $69.84.

Estee Lauder Companies (NYSE:EL - Get Free Report) last issued its quarterly 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 company had revenue of $2.66 billion during the quarter, compared to analyst estimates of $3.51 billion. Estee Lauder Companies had a negative net margin of 5.89% and a positive return on equity of 15.60%. Estee Lauder Companies's quarterly revenue was down 9.9% compared to the same quarter last year. During the same period last year, the business earned $0.97 EPS. On average, sell-side 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 firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were paid a $0.35 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.40 annualized dividend and a dividend yield of 1.62%. Estee Lauder Companies's payout ratio is -57.85%.

Analysts Set New Price Targets

EL has been the subject of a number of research reports. Wells Fargo & Company upped their price objective on shares of Estee Lauder Companies from $60.00 to $90.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 9th. Piper Sandler reaffirmed an "overweight" rating and issued a $75.00 price objective (down previously from $92.00) on shares of Estee Lauder Companies in a research note on Friday, May 2nd. Canaccord Genuity Group cut their price objective on shares of Estee Lauder Companies from $70.00 to $62.00 and set a "hold" rating for the company in a research note on Tuesday, April 29th. Bank of America initiated coverage on shares of Estee Lauder Companies in a report on Thursday, July 10th. They set a "buy" rating and a $110.00 price target for the company. Finally, JPMorgan Chase & Co. lowered their price target on shares of Estee Lauder Companies from $72.00 to $61.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Fifteen investment 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. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $82.50.

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.