Private Advisor Group LLC Buys New Position in The Estee Lauder Companies Inc. (NYSE:EL)

Key Points

• Private Advisor Group LLC has acquired 10,484 shares of The Estee Lauder Companies Inc., valued at approximately $692,000, indicating ongoing institutional interest in the stock.
• The Estee Lauder Companies reported $0.65 earnings per share for the last quarter, surpassing analysts' expectations but showing a 9.9% year-over-year decrease in revenue.
• The company recently declared a quarterly dividend of $0.35 per share, resulting in a 1.53% dividend yield for shareholders.

Private Advisor Group LLC acquired a new position in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 10,484 shares of the company's stock, valued at approximately $692,000.

Several other large investors have also recently added to or reduced their stakes in the business. Bank Pictet & Cie Europe AG grew its stake in shares of Estee Lauder Companies by 5.4% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 91,200 shares of the company's stock worth $6,838,000 after purchasing an additional 4,690 shares in the last quarter. Mather Group LLC. grew its position in Estee Lauder Companies by 442.5% in the 1st quarter. Mather Group LLC. now owns 1,367 shares of the company's stock valued at $90,000 after buying an additional 1,115 shares in the last quarter. Golden State Wealth Management LLC increased its stake in Estee Lauder Companies by 57.3% during the 1st quarter. Golden State Wealth Management LLC now owns 626 shares of the company's stock valued at $41,000 after buying an additional 228 shares during the period. Bessemer Group Inc. raised its position in shares of Estee Lauder Companies by 70.2% during the 1st quarter. Bessemer Group Inc. now owns 4,753 shares of the company's stock worth $313,000 after buying an additional 1,961 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Estee Lauder Companies by 27.0% in the 1st quarter. GAMMA Investing LLC now owns 3,620 shares of the company's stock worth $239,000 after acquiring an additional 770 shares during the period. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Estee Lauder Companies Stock Down 2.5%

NYSE:EL traded down $2.38 during trading hours on Friday, reaching $90.96. The company's stock had a trading volume of 3,144,993 shares, compared to its average volume of 3,654,953. The Estee Lauder Companies Inc. has a one year low of $48.37 and a one year high of $103.44. The business's 50-day moving average is $79.47 and its 200-day moving average is $71.04. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.41 and a quick ratio of 1.02. The company has a market cap of $32.72 billion, a price-to-earnings ratio of -37.59, a price-to-earnings-growth ratio of 6.66 and a beta of 1.18.

Estee Lauder Companies (NYSE:EL - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.36. Estee Lauder Companies had a positive return on equity of 15.60% and a negative net margin of 5.89%. The business had revenue of $2.66 billion for the quarter, compared to analyst estimates of $3.51 billion. During the same quarter in the prior year, the firm posted $0.97 EPS. The firm's revenue for the quarter was down 9.9% on a year-over-year basis. Equities research analysts predict that The Estee Lauder Companies Inc. will post 1.36 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on EL shares. Stifel Nicolaus lowered their price objective on shares of Estee Lauder Companies from $77.00 to $67.00 and set a "hold" rating on the stock in a research note on Thursday, April 10th. Canaccord Genuity Group lowered their target price on Estee Lauder Companies from $70.00 to $62.00 and set a "hold" rating on the stock in a report on Tuesday, April 29th. Royal Bank Of Canada reduced their price objective on shares of Estee Lauder Companies from $100.00 to $90.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. JPMorgan Chase & Co. upgraded shares of Estee Lauder Companies from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $62.00 to $101.00 in a report on Friday, July 25th. Finally, Barclays increased their target price on shares of Estee Lauder Companies from $63.00 to $84.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 15th. Thirteen analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $84.50.

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.