Public Employees Retirement System of Ohio Makes New Investment in The Estee Lauder Companies Inc. $EL

Key Points

• Public Employees Retirement System of Ohio purchased 146,397 Estée Lauder shares in the second quarter, valued at approximately $11.6 million. Institutional investors collectively own 55.15% of the company.
• Estée Lauder reported quarterly EPS of $0.39, exceeding estimates of $0.32, while revenue rose 6.3% year over year to $3.64 billion. The stock opened at $103.36, near analysts’ average price target of $104.67.
• The company declared a quarterly dividend of $0.35 per share, equivalent to an annualized $1.40 dividend and a 1.4% yield. Analysts maintain a consensus “Hold” rating, despite several recent price-target increases.

Public Employees Retirement System of Ohio bought a new stake in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 146,397 shares of the company's stock, valued at approximately $11,558,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. New Mexico Educational Retirement Board grew its holdings in shares of Estee Lauder Companies by 0.9% in the fourth quarter. New Mexico Educational Retirement Board now owns 10,724 shares of the company's stock valued at $1,123,000 after purchasing an additional 100 shares in the last quarter. Allworth Financial LP increased its position in shares of Estee Lauder Companies by 6.6% during the fourth quarter. Allworth Financial LP now owns 1,789 shares of the company's stock worth $187,000 after acquiring an additional 110 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of Estee Lauder Companies by 17.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 743 shares of the company's stock valued at $78,000 after acquiring an additional 113 shares in the last quarter. Valeo Financial Advisors LLC boosted its holdings in Estee Lauder Companies by 4.4% in the fourth quarter. Valeo Financial Advisors LLC now owns 2,806 shares of the company's stock valued at $294,000 after purchasing an additional 117 shares during the period. Finally, Cullen Frost Bankers Inc. boosted its holdings in Estee Lauder Companies by 0.8% in the fourth quarter. Cullen Frost Bankers Inc. now owns 14,462 shares of the company's stock valued at $1,514,000 after purchasing an additional 118 shares during the period. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

Estee Lauder Companies Stock Down 0.0%

Estee Lauder Companies stock opened at $103.36 on Monday. The Estee Lauder Companies Inc. has a 1-year low of $66.22 and a 1-year high of $121.64. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.22 and a quick ratio of 0.90. The stock has a market cap of $37.40 billion, a PE ratio of 210.94, a P/E/G ratio of 0.97 and a beta of 1.25. The stock's fifty day moving average is $86.66 and its two-hundred day moving average is $86.37.

Estee Lauder Companies (NYSE:EL - Get Free Report) last released its quarterly earnings data on Wednesday, August 19th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.07. Estee Lauder Companies had a return on equity of 23.52% and a net margin of 1.21%.The business had revenue of $3.64 billion during the quarter, compared to analysts' expectations of $3.55 billion. During the same period in the prior year, the firm posted $0.09 EPS. The business's quarterly revenue was up 6.3% compared to the same quarter last year. Estee Lauder Companies has set its FY 2027 guidance at 3.100-3.350 EPS. On average, sell-side analysts expect that The Estee Lauder Companies Inc. will post 3.3 EPS for the current fiscal year.

Estee Lauder Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Monday, August 31st. Estee Lauder Companies's dividend payout ratio is 285.71%.

Wall Street Analysts Forecast Growth

EL has been the topic of several recent research reports. Citigroup upped their price target on Estee Lauder Companies from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Thursday, August 20th. Zacks Research cut Estee Lauder Companies from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 10th. Barclays boosted their price objective on Estee Lauder Companies from $80.00 to $97.00 and gave the stock an "equal weight" rating in a research report on Friday, August 21st. Morgan Stanley raised their target price on shares of Estee Lauder Companies from $90.00 to $102.00 and gave the company an "equal weight" rating in a report on Thursday, August 20th. Finally, Sanford C. Bernstein assumed coverage on shares of Estee Lauder Companies in a research note on Friday, June 12th. They issued a "market perform" rating and a $82.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Estee Lauder Companies currently has a consensus rating of "Hold" and an average price target of $104.67.

Insider Transactions at Estee Lauder Companies

In other Estee Lauder Companies news, VP Lande Rashida La sold 5,564 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $99.55, for a total value of $553,896.20. Following the transaction, the vice president directly owned 5,564 shares in the company, valued at $553,896.20. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 13.05% of the stock is owned by company insiders.

About Estee Lauder Companies

Estée Lauder Companies Inc NYSE: EL is a global leader in prestige beauty that develops, manufactures and markets a broad portfolio of skincare, makeup, fragrance and hair care products. Founded in 1946 by Estée Lauder, the company has grown from a small family business into a multinational consumer-products enterprise headquartered in New York City. Its activities span product research and development, brand and product marketing, manufacturing and global distribution across multiple retail channels.

The company's portfolio includes a mix of legacy and prestige brands that target different consumer segments and price points, with well-known names such as Estée Lauder, Clinique, MAC, La Mer and Jo Malone among others.

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