Robeco Institutional Asset Management B.V. Buys 24,516 Shares of The Estee Lauder Companies Inc. (NYSE:EL)

Robeco Institutional Asset Management B.V. raised its stake in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 51.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 72,026 shares of the company's stock after purchasing an additional 24,516 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Estee Lauder Companies were worth $4,754,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of EL. Smartleaf Asset Management LLC raised its position in shares of Estee Lauder Companies by 47.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 479 shares of the company's stock valued at $36,000 after buying an additional 154 shares during the last quarter. Golden State Wealth Management LLC increased its stake in Estee Lauder Companies by 57.3% during the first quarter. Golden State Wealth Management LLC now owns 626 shares of the company's stock valued at $41,000 after acquiring an additional 228 shares during the period. CVA Family Office LLC raised its holdings in Estee Lauder Companies by 116.2% in the 1st quarter. CVA Family Office LLC now owns 668 shares of the company's stock valued at $44,000 after acquiring an additional 359 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Estee 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 during the period. Finally, UMB Bank n.a. lifted its position in shares of Estee Lauder Companies by 58.4% in the 1st quarter. UMB Bank n.a. now owns 906 shares of the company's stock worth $60,000 after acquiring an additional 334 shares during the period. 55.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Stifel Nicolaus lowered their price objective on Estee Lauder Companies from $77.00 to $67.00 and set a "hold" rating on the stock in a research report on Thursday, April 10th. Deutsche Bank Aktiengesellschaft raised shares of Estee Lauder Companies from a "hold" rating to a "buy" rating and boosted their price target for the company from $71.00 to $95.00 in a report on Monday, June 23rd. Piper Sandler reaffirmed an "overweight" rating and set a $75.00 price objective (down from $92.00) on shares of Estee Lauder Companies in a report on Friday, May 2nd. Wall Street Zen raised shares of Estee Lauder Companies from a "sell" rating to a "hold" rating in a research note on Friday. Finally, Canaccord Genuity Group cut their price target on shares of Estee Lauder Companies from $70.00 to $62.00 and set a "hold" rating for the company in a research note on Tuesday, April 29th. Sixteen analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $74.45.

Estee Lauder Companies Stock Performance

Estee Lauder Companies stock opened at $80.84 on Tuesday. The stock has a 50-day simple moving average of $66.81 and a 200 day simple moving average of $68.73. The stock has a market capitalization of $29.08 billion, a price-to-earnings ratio of -33.40, a P/E/G ratio of 8.26 and a beta of 1.12. The company has a quick ratio of 1.02, a current ratio of 1.41 and a debt-to-equity ratio of 1.68. The Estee Lauder Companies Inc. has a 12-month low of $48.37 and a 12-month high of $108.37.

Estee 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, topping analysts' consensus estimates of $0.29 by $0.36. Estee Lauder Companies had a negative net margin of 5.89% and a positive return on equity of 15.60%. The company had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $3.51 billion. During the same period in the previous year, the firm posted $0.97 earnings per share. The company's revenue was down 9.9% on a year-over-year basis. On average, research analysts anticipate that The Estee Lauder Companies Inc. will post 1.36 earnings per share for the current fiscal year.

Estee Lauder Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were given a $0.35 dividend. The ex-dividend date was Friday, May 30th. This represents a $1.40 dividend on an annualized basis and a yield of 1.73%. Estee Lauder Companies's payout ratio is -57.85%.

Estee 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.

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