Tairen Capital Ltd Has $15.37 Million Position in The Estée Lauder Companies Inc. (NYSE:EL)

Tairen Capital Ltd boosted its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 163.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 205,000 shares of the company's stock after acquiring an additional 127,200 shares during the quarter. Estée Lauder Companies makes up approximately 2.3% of Tairen Capital Ltd's portfolio, making the stock its 14th largest holding. Tairen Capital Ltd owned 0.06% of Estée Lauder Companies worth $15,371,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Estée Lauder Companies by 9.5% during the fourth quarter. Vanguard Group Inc. now owns 27,014,303 shares of the company's stock valued at $2,025,532,000 after acquiring an additional 2,344,210 shares in the last quarter. FMR LLC raised its position in shares of 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 purchasing an additional 8,930,011 shares during the period. Independent Franchise Partners LLP raised its position in shares of Estée Lauder Companies by 45.5% in the fourth quarter. Independent Franchise Partners LLP now owns 7,858,158 shares of the company's stock valued at $589,205,000 after purchasing an additional 2,458,379 shares during the period. Capital World Investors bought a new position in shares of Estée Lauder Companies in the fourth quarter valued at approximately $554,509,000. Finally, Invesco Ltd. raised its position in shares of Estée Lauder Companies by 148.9% in the fourth quarter. Invesco Ltd. now owns 5,481,248 shares of the company's stock valued at $410,984,000 after purchasing an additional 3,278,632 shares during the period. Institutional investors own 55.15% of the company's stock.

Estée Lauder Companies Stock Performance

Shares of EL stock opened at $65.19 on Friday. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.37 and a quick ratio of 0.97. The stock has a market cap of $23.45 billion, a PE ratio of -33.43, a price-to-earnings-growth ratio of 6.09 and a beta of 1.12. The stock has a 50-day moving average of $60.63 and a 200-day moving average of $68.84. The Estée Lauder Companies Inc. has a one year low of $48.37 and a one year high of $134.63.

Estée Lauder Companies (NYSE:EL - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.36. The company had revenue of $2.66 billion during 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 revenue was down 9.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.97 EPS. As a group, sell-side analysts expect that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be given a $0.35 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.40 annualized dividend and a dividend yield of 2.15%. Estée Lauder Companies's dividend payout ratio is presently -57.85%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Piper Sandler reissued an "overweight" rating and issued a $75.00 price target (down previously from $92.00) on shares of Estée Lauder Companies in a research report on Friday, May 2nd. Royal Bank of Canada dropped 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 report on Friday, May 2nd. Stifel Nicolaus lowered their price objective on shares of Estée Lauder Companies from $77.00 to $67.00 and set a "hold" rating on the stock in a research note on Thursday, April 10th. DA Davidson restated a "buy" rating and issued a $81.00 price objective on shares of Estée Lauder Companies in a research note on Tuesday, February 25th. Finally, Wells Fargo & Company lowered their price objective on shares of Estée Lauder Companies from $70.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Nineteen investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Estée Lauder Companies presently has a consensus rating of "Hold" and a consensus price target of $75.20.

Estée 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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