The Estee Lauder Companies Inc. (NYSE:EL) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lessened its position in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 82.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,003 shares of the company's stock after selling 82,824 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Estee Lauder Companies were worth $1,188,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Golden State Wealth Management LLC grew its stake in Estee Lauder Companies by 57.3% in the 1st quarter. Golden State Wealth Management LLC now owns 626 shares of the company's stock valued at $41,000 after buying an additional 228 shares during the last quarter. CVA Family Office LLC increased its position in 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 increased its position in Estee Lauder Companies by 41.0% during the first 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. UMB Bank n.a. increased its position in Estee Lauder Companies by 58.4% during the first 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. Finally, Rossby Financial LCC bought a new position in Estee Lauder Companies during the first quarter worth about $73,000. Institutional investors and hedge funds own 55.15% of the company's stock.

Analyst Ratings Changes

EL has been the topic of several recent analyst reports. Barclays raised their target price on shares of Estee Lauder Companies from $63.00 to $84.00 and gave the company an "equal weight" rating in a report on Tuesday, July 15th. Deutsche Bank Aktiengesellschaft upgraded shares of Estee Lauder Companies from a "hold" rating to a "buy" rating and raised their price target for the company from $71.00 to $95.00 in a research note on Monday, June 23rd. Royal Bank Of Canada reduced their price target on shares of Estee Lauder Companies from $100.00 to $90.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Canaccord Genuity Group reduced their price target on shares of Estee Lauder Companies from $70.00 to $62.00 and set a "hold" rating on the stock in a research note on Tuesday, April 29th. Finally, Piper Sandler reiterated an "overweight" rating and set a $75.00 target price (down from $92.00) on shares of Estee Lauder Companies in a research report on Friday, May 2nd. Thirteen research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $84.50.

Estee Lauder Companies Stock Performance

Shares of EL stock traded up $1.43 during trading hours on Monday, reaching $91.83. 941,975 shares of the company traded hands, compared to its average volume of 4,167,151. The firm has a 50-day moving average price of $77.23 and a 200 day moving average price of $70.47. 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 Estee Lauder Companies Inc. has a 12-month low of $48.37 and a 12-month high of $103.44. The company has a market cap of $33.04 billion, a P/E ratio of -38.10, a P/E/G ratio of 6.47 and a beta of 1.17.

Estee Lauder Companies (NYSE:EL - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.36. Estee Lauder Companies had a positive return on equity of 15.60% and a negative net margin of 5.89%. The firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $3.51 billion. During the same quarter in the previous year, the company posted $0.97 EPS. The company's revenue for the quarter was down 9.9% compared to the same quarter last year. As a group, 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. Stockholders of record on Friday, May 30th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.52%. The ex-dividend date was Friday, May 30th. Estee Lauder Companies's payout ratio is -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.