Assenagon Asset Management S.A. Has $35.19 Million Stock Holdings in The Estee Lauder Companies Inc. $EL

Key Points

• Assenagon Asset Management S.A. increased its holdings in Estee Lauder Companies by 657.8% in Q2, now owning 435,521 shares valued at approximately $35.19 million.
• Analysts have raised their price targets for Estee Lauder Companies, with UBS Group setting it at $93 and Evercore ISI at $115, reflecting a positive outlook for the stock.
• Estee Lauder recently reported a $0.09 EPS for the quarter, exceeding estimates and marking a revenue of $3.41 billion, despite an 11.9% year-over-year decline.

Assenagon Asset Management S.A. lifted its holdings in shares of The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 657.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 435,521 shares of the company's stock after purchasing an additional 378,051 shares during the quarter. Assenagon Asset Management S.A. owned about 0.12% of Estee Lauder Companies worth $35,190,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in Estee Lauder Companies by 1,182.1% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 500 shares of the company's stock valued at $33,000 after acquiring an additional 461 shares during the last quarter. Winthrop Capital Management LLC boosted its holdings in Estee Lauder Companies by 2,240.0% in the first quarter. Winthrop Capital Management LLC now owns 585 shares of the company's stock valued at $39,000 after acquiring an additional 560 shares during the last quarter. Golden State Wealth Management LLC boosted its holdings in 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 acquiring an additional 228 shares during the last quarter. CVA Family Office LLC boosted its holdings in Estee Lauder Companies by 116.2% in the first quarter. CVA Family Office LLC now owns 668 shares of the company's stock valued at $44,000 after acquiring an additional 359 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in Estee Lauder Companies by 41.0% in the first quarter. Farther Finance Advisors LLC now owns 787 shares of the company's stock valued at $53,000 after acquiring an additional 229 shares during the last quarter. Institutional investors and hedge funds own 55.15% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on EL. Wall Street Zen lowered Estee Lauder Companies from a "hold" rating to a "sell" rating in a research report on Friday, August 22nd. Deutsche Bank Aktiengesellschaft raised their price objective on Estee Lauder Companies from $98.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, August 21st. Telsey Advisory Group reissued a "market perform" rating and issued a $99.00 price objective on shares of Estee Lauder Companies in a research report on Wednesday, August 20th. JPMorgan Chase & Co. reduced their price target on Estee Lauder Companies from $101.00 to $99.00 and set an "overweight" rating for the company in a report on Thursday, August 21st. Finally, Wells Fargo & Company raised their price objective on Estee Lauder Companies from $60.00 to $90.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 9th. One 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $88.55.

Insider Buying and Selling at Estee Lauder Companies

In other Estee Lauder Companies news, Director Lynn Forester sold 3,702 shares of the business's stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $91.65, for a total value of $339,288.30. Following the transaction, the director owned 15,479 shares in the company, valued at $1,418,650.35. The trade was a 19.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Lande Rashida La sold 6,417 shares of the business's stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $91.88, for a total value of $589,593.96. The disclosure for this sale can be found here. 12.78% of the stock is owned by insiders.

Estee Lauder Companies Stock Performance

Shares of NYSE EL traded down $0.40 during midday trading on Monday, hitting $87.40. 1,940,401 shares of the company's stock were exchanged, compared to its average volume of 2,952,831. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.30 and a quick ratio of 0.92. The stock's 50 day moving average price is $89.60 and its 200-day moving average price is $74.90. The firm has a market cap of $31.45 billion, a P/E ratio of -27.83, a PEG ratio of 2.51 and a beta of 1.15. The Estee Lauder Companies Inc. has a twelve month low of $48.37 and a twelve month high of $103.44.

Estee Lauder Companies (NYSE:EL - Get Free Report) last released its earnings results on Wednesday, August 20th. The company reported $0.09 earnings per share for the quarter, topping analysts' consensus estimates of $0.07 by $0.02. Estee Lauder Companies had a positive return on equity of 12.37% and a negative net margin of 7.91%.The firm had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.36 billion. During the same period in the prior year, the firm posted $0.64 earnings per share. The firm's revenue for the quarter was down 11.9% compared to the same quarter last year. Estee Lauder Companies has set its FY 2026 guidance at 1.900-2.100 EPS. Equities research analysts anticipate that The Estee Lauder Companies Inc. will post 1.36 EPS for the current year.

Estee Lauder Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, September 2nd. Estee Lauder Companies's payout ratio is -44.59%.

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.