OLD National Bancorp IN Acquires 11,534 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

OLD National Bancorp IN increased its stake in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 22.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 63,677 shares of the company's stock after purchasing an additional 11,534 shares during the period. OLD National Bancorp IN's holdings in Estée Lauder Companies were worth $4,203,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. FMR LLC boosted its holdings in shares of Estée Lauder Companies by 163.8% during the fourth quarter. FMR LLC now owns 14,382,579 shares of the company's stock valued at $1,078,406,000 after acquiring an additional 8,930,011 shares during the period. Capital World Investors acquired a new stake in shares of Estée Lauder Companies in the 4th quarter worth about $554,509,000. Norges Bank bought a new stake in Estée Lauder Companies in the 4th quarter valued at about $251,304,000. American Century Companies Inc. boosted its stake in Estée Lauder Companies by 11,026.8% during the 4th quarter. American Century Companies Inc. now owns 3,343,607 shares of the company's stock valued at $250,704,000 after purchasing an additional 3,313,557 shares during the period. Finally, Invesco Ltd. boosted its stake in Estée Lauder Companies by 148.9% during the 4th 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 Up 0.2%

NYSE:EL traded up $0.13 on Thursday, hitting $69.99. 2,647,800 shares of the company's stock traded hands, compared to its average volume of 4,141,986. The company has a market cap of $25.18 billion, a PE ratio of -35.89, a price-to-earnings-growth ratio of 6.09 and a beta of 1.12. The Estée Lauder Companies Inc. has a 1 year low of $48.37 and a 1 year high of $119.58. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 1.75. The firm has a 50-day moving average price of $61.09 and a 200-day moving average price of $69.01.

Estée Lauder Companies (NYSE:EL - Get Free Report) last announced 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 the consensus estimate of $3.51 billion. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The firm's revenue was down 9.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.97 earnings per share. Equities analysts anticipate that The Estée Lauder Companies Inc. will post 1.36 EPS for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The company 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 dividend of $0.35 per share. The ex-dividend date is Friday, May 30th. This represents a $1.40 dividend on an annualized basis and a yield of 2.00%. Estée Lauder Companies's payout ratio is -57.85%.

Analysts Set New Price Targets

Several analysts have weighed in on EL shares. Piper Sandler reaffirmed an "overweight" rating and set a $75.00 target price (down previously from $92.00) on shares of Estée Lauder Companies in a research note on Friday, May 2nd. JPMorgan Chase & Co. dropped their target price on shares of Estée Lauder Companies from $72.00 to $61.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. DA Davidson reissued a "buy" rating and set a $81.00 target price on shares of Estée Lauder Companies in a research note on Tuesday, February 25th. UBS Group lifted their price target on shares of Estée Lauder Companies from $60.00 to $62.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Finally, Wall Street Zen downgraded Estée Lauder Companies from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $75.15.

Estée 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.