Rhumbline Advisers Grows Stock Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Rhumbline Advisers boosted its holdings in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 6.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 478,049 shares of the company's stock after purchasing an additional 30,916 shares during the period. Rhumbline Advisers owned about 0.13% of Estée Lauder Companies worth $31,551,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. FMR LLC raised its stake in Estée Lauder Companies by 163.8% in the fourth quarter. FMR LLC now owns 14,382,579 shares of the company's stock valued at $1,078,406,000 after buying an additional 8,930,011 shares during the period. Capital World Investors acquired a new stake in Estée Lauder Companies during the fourth quarter worth approximately $554,509,000. Norges Bank bought a new position in shares of Estée Lauder Companies during the fourth quarter worth approximately $251,304,000. American Century Companies Inc. boosted its stake in Estée Lauder Companies by 11,026.8% in the 4th quarter. American Century Companies Inc. now owns 3,343,607 shares of the company's stock valued at $250,704,000 after purchasing an additional 3,313,557 shares during the period. Finally, Invesco Ltd. increased its position in Estée Lauder Companies by 148.9% during the 4th quarter. Invesco Ltd. now owns 5,481,248 shares of the company's stock worth $410,984,000 after buying an additional 3,278,632 shares during the period. Institutional investors own 55.15% of the company's stock.

Estée Lauder Companies Stock Up 1.6%

EL stock traded up $1.11 during mid-day trading on Friday, reaching $68.56. 2,259,659 shares of the company traded hands, compared to its average volume of 4,122,910. The stock has a market cap of $24.66 billion, a price-to-earnings ratio of -35.16, a P/E/G ratio of 6.09 and a beta of 1.12. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 1.75. The Estée Lauder Companies Inc. has a fifty-two week low of $48.37 and a fifty-two week high of $124.73. The firm's 50 day moving average price is $60.48 and its 200 day moving average price is $68.93.

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 (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.36. The company had revenue of $2.66 billion for the quarter, compared to analysts' expectations of $3.51 billion. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. Estée Lauder Companies's quarterly revenue was down 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.97 earnings per share. As a group, equities research analysts predict that The Estée Lauder Companies Inc. will post 1.36 EPS for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The business 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. This represents a $1.40 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date is Friday, May 30th. Estée Lauder Companies's payout ratio is -57.85%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on EL. Barclays upped their target price on Estée Lauder Companies from $56.00 to $63.00 and gave the company an "equal weight" rating in a research report on Thursday, May 29th. Piper Sandler reissued an "overweight" rating and set a $75.00 target price (down previously from $92.00) on shares of Estée Lauder Companies in a research note on Friday, May 2nd. Royal Bank of Canada reduced their price target on shares of Estée Lauder Companies from $100.00 to $90.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. UBS Group upped their price objective on shares of Estée Lauder Companies from $60.00 to $62.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Finally, DA Davidson restated a "buy" rating and issued a $81.00 target price on shares of Estée Lauder Companies in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $75.15.

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.