The Estee Lauder Companies Inc. $EL Shares Bought by OLD National Bancorp IN

Key Points

• OLD National Bancorp IN increased its holdings in Estee Lauder Companies by 34.8%, owning a total of 85,857 shares, valued at approximately $6.9 million.
• Analysts have set mixed ratings for the company, with one upgrading it to "strong-buy" while the consensus rating remains a "Hold" with an average price target of $88.55.
• Estee Lauder reported a net loss for the recent quarter with revenue down 11.9% year-over-year, alongside a quarterly dividend of $0.35 per share.

OLD National Bancorp IN raised its holdings in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 34.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 85,857 shares of the company's stock after buying an additional 22,180 shares during the quarter. OLD National Bancorp IN's holdings in Estee Lauder Companies were worth $6,937,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. TD Private Client Wealth LLC lifted its holdings in Estee Lauder Companies by 246.4% in the second quarter. TD Private Client Wealth LLC now owns 478 shares of the company's stock valued at $39,000 after acquiring an additional 340 shares during the period. Annis Gardner Whiting Capital Advisors LLC grew its position in shares of 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 purchasing an additional 461 shares during the period. Ameritas Advisory Services LLC purchased a new stake in shares of Estee Lauder Companies during the second quarter worth about $44,000. Winthrop Capital Management LLC increased its stake in shares of Estee Lauder Companies by 2,240.0% during the first quarter. Winthrop Capital Management LLC now owns 585 shares of the company's stock worth $39,000 after purchasing an additional 560 shares in the last quarter. Finally, Golden State Wealth Management LLC raised its position in shares of Estee Lauder Companies by 57.3% during the 1st quarter. Golden State Wealth Management LLC now owns 626 shares of the company's stock worth $41,000 after purchasing an additional 228 shares during the last quarter. 55.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. HSBC upgraded Estee Lauder Companies from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $80.00 to $99.00 in a report on Friday, June 27th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Estee Lauder Companies in a research note on Saturday, September 27th. Telsey Advisory Group reissued a "market perform" rating and issued a $99.00 price objective on shares of Estee Lauder Companies in a research note on Wednesday, August 20th. Evercore ISI raised their price objective on Estee Lauder Companies from $100.00 to $115.00 and gave the company an "outperform" rating in a report on Monday, September 15th. Finally, Hsbc Global Res upgraded shares of Estee Lauder Companies from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 27th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $88.55.

Estee Lauder Companies Price Performance

Estee Lauder Companies stock opened at $88.09 on Monday. The company has a current ratio of 1.30, a quick ratio of 0.92 and a debt-to-equity ratio of 1.89. The company has a 50-day moving average price of $89.47 and a 200 day moving average price of $76.20. The Estee Lauder Companies Inc. has a 12-month low of $48.37 and a 12-month high of $97.44. The stock has a market cap of $31.70 billion, a P/E ratio of -28.05, a PEG ratio of 2.52 and a beta of 1.16.

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

Estee Lauder Companies Dividend Announcement

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

Insiders Place Their Bets

In related news, Director Lynn Forester sold 3,702 shares of the firm's stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $91.65, for a total transaction of $339,288.30. Following the completion of the sale, the director directly owned 15,479 shares of the company's stock, valued at approximately $1,418,650.35. This trade represents a 19.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Lande Rashida La sold 6,417 shares of the company's stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $91.88, for a total transaction of $589,593.96. The disclosure for this sale can be found here. Corporate insiders own 13.05% of the company's stock.

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.

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