Praxis Investment Management Inc. Increases Stake in The Estee Lauder Companies Inc. $EL

Key Points

• Praxis Investment Management Inc. increased its stake in The Estee Lauder Companies Inc. by 87.9% during the second quarter, holding a total of 10,860 shares valued at $877,000.
• The Estee Lauder Companies recently reported earnings per share (EPS) of $0.09, exceeding estimates by $0.02, despite a 11.9% year-over-year revenue decline to $3.41 billion.
• Shares of The Estee Lauder Companies have shown a positive trend, with stock prices recently up 4.0%, and a target price increase from various analysts, including a new high of $115 by Goldman Sachs.

Praxis Investment Management Inc. raised its stake in shares of The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 87.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,860 shares of the company's stock after buying an additional 5,080 shares during the quarter. Praxis Investment Management Inc.'s holdings in Estee Lauder Companies were worth $877,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Generali Asset Management SPA SGR grew its holdings in Estee Lauder Companies by 1.6% during the 2nd quarter. Generali Asset Management SPA SGR now owns 7,361 shares of the company's stock valued at $595,000 after buying an additional 119 shares in the last quarter. Joel Isaacson & Co. LLC grew its holdings in Estee Lauder Companies by 0.4% during the 2nd quarter. Joel Isaacson & Co. LLC now owns 28,826 shares of the company's stock valued at $2,329,000 after buying an additional 120 shares in the last quarter. LRI Investments LLC grew its holdings in Estee Lauder Companies by 2.6% during the 2nd quarter. LRI Investments LLC now owns 5,007 shares of the company's stock valued at $405,000 after buying an additional 126 shares in the last quarter. Signaturefd LLC grew its holdings in Estee Lauder Companies by 9.3% during the 2nd quarter. Signaturefd LLC now owns 1,815 shares of the company's stock valued at $147,000 after buying an additional 154 shares in the last quarter. Finally, Horizon Investments LLC grew its holdings in 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 buying an additional 164 shares in the last quarter. Hedge funds and other institutional investors own 55.15% of the company's stock.

Estee Lauder Companies Stock Up 4.0%

Shares of NYSE EL opened at $100.72 on Friday. The Estee Lauder Companies Inc. has a 12 month low of $48.37 and a 12 month high of $100.80. The company has a current ratio of 1.30, a quick ratio of 0.92 and a debt-to-equity ratio of 1.89. The firm has a market capitalization of $36.25 billion, a price-to-earnings ratio of -32.08, a PEG ratio of 2.76 and a beta of 1.16. The business has a 50-day moving average of $89.90 and a 200-day moving average of $77.95.

Estee Lauder Companies (NYSE:EL - Get Free Report) last issued its earnings results on Wednesday, August 20th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.02. Estee Lauder Companies had a positive return on equity of 12.37% and a negative net margin of 7.91%.The business had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.36 billion. During the same quarter in the prior year, the firm earned $0.64 earnings per share. Estee Lauder Companies'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. Sell-side analysts expect that The Estee Lauder Companies Inc. will post 1.36 earnings per share for the current fiscal year.

Estee Lauder Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $1.40 annualized dividend and a dividend yield of 1.4%. Estee Lauder Companies's dividend payout ratio (DPR) is -44.59%.

Insider Activity at Estee Lauder Companies

In other Estee Lauder Companies news, VP Lande Rashida La sold 6,417 shares of Estee Lauder Companies stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $91.88, for a total transaction of $589,593.96. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lynn Forester sold 3,702 shares of Estee Lauder Companies stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $91.65, for a total transaction of $339,288.30. Following the transaction, the director directly owned 15,479 shares in the company, valued at $1,418,650.35. This trade represents a 19.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 13.05% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on EL shares. Hsbc Global Res raised Estee Lauder Companies from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Bank of America initiated coverage on Estee Lauder Companies in a report on Thursday, July 10th. They set a "buy" rating and a $110.00 target price for the company. Canaccord Genuity Group boosted their price objective on Estee Lauder Companies from $62.00 to $85.00 and gave the stock a "hold" rating in a report on Monday, August 18th. HSBC raised Estee Lauder Companies from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $80.00 to $99.00 in a report on Friday, June 27th. Finally, The Goldman Sachs Group raised Estee Lauder Companies from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $76.00 to $115.00 in a report on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $91.30.

Estee Lauder Companies Company 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.

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