Quintet Private Bank Europe S.A. Decreases Stake in The Estée Lauder Companies Inc. (NYSE:EL)

Quintet Private Bank Europe S.A. trimmed its position in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 70.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 73,335 shares of the company's stock after selling 177,321 shares during the period. Quintet Private Bank Europe S.A.'s holdings in Estée Lauder Companies were worth $4,840,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Bard Financial Services Inc. grew its stake in Estée Lauder Companies by 39.5% in the 1st quarter. Bard Financial Services Inc. now owns 36,305 shares of the company's stock worth $2,396,000 after acquiring an additional 10,285 shares in the last quarter. Terra Alpha Investments LLC grew its stake in Estée Lauder Companies by 4.8% in the 1st quarter. Terra Alpha Investments LLC now owns 18,945 shares of the company's stock worth $1,250,000 after acquiring an additional 860 shares in the last quarter. GAMMA Investing LLC grew its stake in Estée 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 in the last quarter. Farther Finance Advisors LLC grew its stake in Estée Lauder Companies by 41.0% in the 1st quarter. Farther Finance Advisors LLC now owns 787 shares of the company's stock worth $53,000 after acquiring an additional 229 shares in the last quarter. Finally, Park Avenue Securities LLC grew its stake in Estée Lauder Companies by 21.5% in the 1st quarter. Park Avenue Securities LLC now owns 5,222 shares of the company's stock worth $345,000 after acquiring an additional 924 shares in the last quarter. 55.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on EL shares. Piper Sandler restated an "overweight" rating and issued a $75.00 target price (down from $92.00) on shares of Estée Lauder Companies in a research note on Friday, May 2nd. B. Riley restated a "neutral" rating and set a $60.00 price target (down previously from $70.00) on shares of Estée Lauder Companies in a research note on Friday, May 2nd. Wall Street Zen lowered Estée Lauder Companies from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th. DA Davidson restated a "buy" rating and set a $81.00 price target on shares of Estée Lauder Companies in a research note on Tuesday, February 25th. Finally, Canaccord Genuity Group cut their price target on Estée Lauder Companies from $70.00 to $62.00 and set a "hold" rating on the stock in a research note on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $75.15.

Estée Lauder Companies Stock Down 3.9%

EL traded down $2.76 during trading on Friday, hitting $67.23. The stock had a trading volume of 3,199,379 shares, compared to its average volume of 4,145,718. The company has a market capitalization of $24.19 billion, a PE ratio of -34.48, a PEG ratio of 6.09 and a beta of 1.12. The Estée Lauder Companies Inc. has a twelve month low of $48.37 and a twelve month high of $115.82. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.97 and a current ratio of 1.37. The stock has a 50 day simple moving average of $61.43 and a two-hundred day simple moving average of $68.99.

Estée Lauder Companies (NYSE:EL - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.36. The company had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $3.51 billion. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. Estée Lauder Companies's revenue was down 9.9% compared to the same quarter last year. During the same period last year, the firm earned $0.97 earnings per share. On average, research analysts predict that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current year.

Estée Lauder Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.40 annualized dividend and a yield of 2.08%. Estée Lauder Companies's dividend payout ratio (DPR) is -57.85%.

Estée 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.