S&CO Inc. Buys 11,490 Shares of The Estee Lauder Companies Inc. (NYSE:EL)

Key Points

• S&CO Inc. increased its stake in The Estee Lauder Companies by 20.7%, acquiring an additional 11,490 shares, bringing its total holdings to 66,914 shares valued at approximately $4.4 million.
• Several institutional investors significantly boosted their positions in Estee Lauder during the first quarter, with Winthrop Capital Management LLC raising its stake by 2,240.0%.
• Estee Lauder recently reported earnings per share of $0.65, beating analyst estimates while experiencing a 9.9% decline in revenue year-over-year.

S&CO Inc. grew its stake in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 20.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 66,914 shares of the company's stock after acquiring an additional 11,490 shares during the quarter. S&CO Inc.'s holdings in Estee Lauder Companies were worth $4,416,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Winthrop Capital Management LLC lifted its stake in Estee Lauder Companies by 2,240.0% in the first quarter. Winthrop Capital Management LLC now owns 585 shares of the company's stock valued at $39,000 after buying an additional 560 shares in the last quarter. Golden State Wealth Management LLC increased its position in shares of Estee Lauder Companies by 57.3% during the first quarter. Golden State Wealth Management LLC now owns 626 shares of the company's stock worth $41,000 after acquiring an additional 228 shares in the last quarter. CVA Family Office LLC raised its holdings in shares of Estee Lauder Companies by 116.2% during the first quarter. CVA Family Office LLC now owns 668 shares of the company's stock worth $44,000 after acquiring an additional 359 shares during the period. Farther Finance Advisors LLC lifted its position in Estee Lauder Companies by 41.0% in the 1st quarter. Farther Finance Advisors LLC now owns 787 shares of the company's stock valued at $53,000 after acquiring an additional 229 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in Estee Lauder Companies by 58.4% in the 1st quarter. UMB Bank n.a. now owns 906 shares of the company's stock valued at $60,000 after acquiring an additional 334 shares in the last quarter. 55.15% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

EL has been the topic of a number of research reports. Hsbc Global Res upgraded Estee Lauder Companies from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Citigroup lifted their target price on Estee Lauder Companies from $60.00 to $99.00 and gave the company a "neutral" rating in a research report on Tuesday, July 15th. Barclays upped their price target on Estee Lauder Companies from $63.00 to $84.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 15th. Evercore ISI lifted their price objective on shares of Estee Lauder Companies from $90.00 to $100.00 and gave the company an "outperform" rating in a report on Thursday, June 26th. Finally, Telsey Advisory Group reissued a "market perform" rating and issued a $76.00 price objective on shares of Estee Lauder Companies in a research report on Thursday, May 1st. Thirteen investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $84.50.

Estee Lauder Companies Price Performance

Shares of NYSE EL opened at $92.58 on Tuesday. The firm has a market cap of $33.31 billion, a P/E ratio of -38.26, a price-to-earnings-growth ratio of 6.47 and a beta of 1.17. The business's 50 day moving average is $77.78 and its 200-day moving average is $70.60. The company has a current ratio of 1.41, a quick ratio of 1.02 and a debt-to-equity ratio of 1.68. The Estee Lauder Companies Inc. has a 1-year low of $48.37 and a 1-year high of $103.44.

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. The firm had revenue of $2.66 billion for the quarter, compared to analyst estimates of $3.51 billion. Estee Lauder Companies had a positive return on equity of 15.60% and a negative net margin of 5.89%. The company's revenue for the quarter was down 9.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.97 EPS. Equities research analysts predict that The Estee Lauder Companies Inc. will post 1.36 earnings per share for the current year.

Estee Lauder Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 30th were issued a dividend of $0.35 per share. The ex-dividend date was Friday, May 30th. This represents a $1.40 annualized dividend and a dividend yield of 1.51%. Estee Lauder Companies's dividend payout ratio (DPR) is presently -57.85%.

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.

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