The Estee Lauder Companies Inc. (NYSE:EL) Holdings Increased by Teacher Retirement System of Texas

Teacher Retirement System of Texas grew its position in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 147.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,126 shares of the company's stock after acquiring an additional 20,358 shares during the period. Teacher Retirement System of Texas' holdings in Estee Lauder Companies were worth $2,252,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in EL. Bank Pictet & Cie Europe AG lifted its stake in shares of Estee Lauder Companies by 5.4% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 91,200 shares of the company's stock valued at $6,838,000 after purchasing an additional 4,690 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of Estee Lauder Companies by 47.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 479 shares of the company's stock valued at $36,000 after purchasing an additional 154 shares during the period. Mather Group LLC. lifted its stake in shares of Estee Lauder Companies by 442.5% in the first quarter. Mather Group LLC. now owns 1,367 shares of the company's stock valued at $90,000 after purchasing an additional 1,115 shares during the period. Golden State Wealth Management LLC lifted its stake in shares of Estee Lauder Companies by 57.3% in the first quarter. Golden State Wealth Management LLC now owns 626 shares of the company's stock valued at $41,000 after purchasing an additional 228 shares during the period. Finally, Bessemer Group Inc. lifted its stake in shares of Estee Lauder Companies by 70.2% in the first quarter. Bessemer Group Inc. now owns 4,753 shares of the company's stock valued at $313,000 after purchasing an additional 1,961 shares during the period. Hedge funds and other institutional investors own 55.15% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Wells Fargo & Company raised their price objective on shares of Estee Lauder Companies from $60.00 to $90.00 and gave the company an "equal weight" rating in a research note on Wednesday. Canaccord Genuity Group cut their target price on shares of Estee Lauder Companies from $70.00 to $62.00 and set a "hold" rating for the company in a research report on Tuesday, April 29th. Telsey Advisory Group restated a "market perform" rating and set a $76.00 target price on shares of Estee Lauder Companies in a research report on Thursday, May 1st. Barclays lifted their target price on shares of Estee Lauder Companies from $56.00 to $63.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 29th. Finally, Bank of America initiated coverage on shares of Estee Lauder Companies in a research report on Thursday. They set a "buy" rating and a $110.00 target price for the company. Fifteen research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $77.70.

Estee Lauder Companies Stock Down 1.1%

Estee Lauder Companies stock traded down $0.99 during midday trading on Friday, hitting $91.11. 2,973,811 shares of the stock were exchanged, compared to its average volume of 4,315,461. The Estee Lauder Companies Inc. has a 1 year low of $48.37 and a 1 year high of $103.44. The company has a 50 day moving average price of $72.10 and a two-hundred day moving average price of $69.54. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.41 and a quick ratio of 1.02. The firm has a market cap of $32.78 billion, a P/E ratio of -37.65, a P/E/G ratio of 6.50 and a beta of 1.17.

Estee Lauder Companies (NYSE:EL - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.65 EPS for the quarter, beating the consensus estimate 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 business had revenue of $2.66 billion during the quarter, compared to analyst estimates of $3.51 billion. During the same period in the previous year, the business posted $0.97 EPS. The company's quarterly revenue was down 9.9% on a year-over-year basis. On average, sell-side analysts predict that The Estee Lauder Companies Inc. will post 1.36 earnings per share for the current fiscal year.

Estee Lauder Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were given a $0.35 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.40 annualized dividend and a yield of 1.54%. Estee Lauder Companies's dividend payout ratio is presently -57.85%.

About Estee Lauder Companies

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.