State of New Jersey Common Pension Fund D Trims Stock Position in The Estee Lauder Companies Inc. $EL

Key Points

• The State of New Jersey Common Pension Fund D reduced its holdings in The Estee Lauder Companies Inc. by 5.1% in the first quarter, owning 81,199 shares after selling 4,323 shares.
• Estee Lauder Companies has a market capitalization of $32.68 billion and its shares opened at $90.85 on Tuesday, with a current price-to-earnings ratio of -37.54.
• Thirteen investment analysts have rated Estee Lauder shares as "hold," with an average target price of $86.95, while a few analysts have assigned buy ratings with targets as high as $110.00.

State of New Jersey Common Pension Fund D decreased its holdings in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 5.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 81,199 shares of the company's stock after selling 4,323 shares during the period. State of New Jersey Common Pension Fund D's holdings in Estee Lauder Companies were worth $5,359,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Invesco Ltd. lifted its holdings in shares of Estee Lauder Companies by 21.9% in the 1st quarter. Invesco Ltd. now owns 6,681,785 shares of the company's stock valued at $440,998,000 after acquiring an additional 1,200,537 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Estee Lauder Companies by 34.9% in the 1st quarter. American Century Companies Inc. now owns 4,511,115 shares of the company's stock valued at $297,734,000 after acquiring an additional 1,167,508 shares during the last quarter. Ensign Peak Advisors Inc lifted its holdings in shares of Estee Lauder Companies by 12.0% in the 4th quarter. Ensign Peak Advisors Inc now owns 3,608,142 shares of the company's stock valued at $270,538,000 after acquiring an additional 385,677 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Estee Lauder Companies by 3.9% in the 1st quarter. Bank of New York Mellon Corp now owns 3,088,880 shares of the company's stock valued at $203,866,000 after acquiring an additional 117,330 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Estee Lauder Companies by 13.7% in the 4th quarter. Northern Trust Corp now owns 2,365,560 shares of the company's stock valued at $177,370,000 after acquiring an additional 285,272 shares during the last quarter. Institutional investors own 55.15% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on EL. Wells Fargo & Company increased their price target on shares of Estee Lauder Companies from $60.00 to $90.00 and gave the company an "equal weight" rating in a report on Wednesday, July 9th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Estee Lauder Companies from $98.00 to $100.00 and gave the company a "buy" rating in a report on Thursday. Bank of America assumed coverage on shares of Estee Lauder Companies in a report on Thursday, July 10th. They issued a "buy" rating and a $110.00 price target for the company. Canaccord Genuity Group increased their price objective on shares of Estee Lauder Companies from $62.00 to $85.00 and gave the stock a "hold" rating in a research report on Monday, August 18th. Finally, Piper Sandler reissued an "overweight" rating and issued a $75.00 price objective (down from $92.00) on shares of Estee Lauder Companies in a research report on Friday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $87.80.

Estee Lauder Companies Trading Up 3.8%

Estee Lauder Companies stock traded up $3.3630 during midday trading on Friday, reaching $91.0830. The stock had a trading volume of 4,050,762 shares, compared to its average volume of 4,322,243. The firm has a market cap of $32.77 billion, a price-to-earnings ratio of -29.01, a price-to-earnings-growth ratio of 2.61 and a beta of 1.18. The company has a fifty day moving average of $86.79 and a 200 day moving average of $72.35. The Estee Lauder Companies Inc. has a 52-week low of $48.37 and a 52-week high of $103.44. The company has a quick ratio of 0.92, a current ratio of 1.30 and a debt-to-equity ratio of 1.89.

Estee Lauder Companies (NYSE:EL - Get Free Report) last issued its earnings results on Wednesday, August 20th. The company reported $0.09 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.02. The business had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.36 billion. Estee Lauder Companies had a negative net margin of 7.91% and a positive return on equity of 12.37%. The company's quarterly revenue was down 11.9% compared to the same quarter last year. During the same period last year, the company posted $0.64 earnings per share. Estee Lauder Companies has set its FY 2026 guidance at 1.900-2.100 EPS. On average, 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.5%. Estee Lauder Companies's dividend payout ratio (DPR) is -44.59%.

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.