Northern Trust Corp Raises Stock Holdings in The Estee Lauder Companies Inc. $EL

Key Points

• Northern Trust Corp increased its stake in The Estee Lauder Companies by 3.4%, owning approximately 2.45 million shares valued at $161.43 million.
• The company reported a quarterly earnings per share of $0.09, beating expectations, although its revenue was down 11.9% year-over-year.
• Estee Lauder announced a quarterly dividend of $0.35 per share, with a dividend yield of 1.5% and a payout ratio of -44.59%.

Northern Trust Corp boosted its stake in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 3.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,445,947 shares of the company's stock after purchasing an additional 80,387 shares during the period. Northern Trust Corp owned about 0.68% of Estee Lauder Companies worth $161,433,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EL. Annis Gardner Whiting Capital Advisors LLC increased its position in Estee Lauder Companies by 1,182.1% during the 1st 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. Winthrop Capital Management LLC boosted its stake in shares of Estee Lauder Companies by 2,240.0% in the 1st quarter. Winthrop Capital Management LLC now owns 585 shares of the company's stock valued at $39,000 after purchasing an additional 560 shares during the last quarter. Golden State Wealth Management LLC increased its position in shares of Estee Lauder Companies by 57.3% during the first quarter. Golden State Wealth Management LLC now owns 626 shares of the company's stock worth $41,000 after buying an additional 228 shares during the period. CVA Family Office LLC increased its position in shares of 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 buying an additional 359 shares during the period. Finally, Farther Finance Advisors LLC raised its stake 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 buying an additional 229 shares during the last quarter. 55.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on EL shares. Evercore ISI increased their price target on Estee Lauder Companies from $90.00 to $100.00 and gave the stock an "outperform" rating in a report on Thursday, June 26th. JPMorgan Chase & Co. lowered their target price 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. Royal Bank Of Canada boosted their price target on Estee Lauder Companies from $90.00 to $107.00 and gave the company an "outperform" rating in a research note on Thursday, August 21st. Telsey Advisory Group reaffirmed a "market perform" rating and set a $99.00 price objective on shares of Estee Lauder Companies in a research report on Wednesday, August 20th. Finally, Piper Sandler reissued an "overweight" rating and set a $75.00 target price (down from $92.00) on shares of Estee Lauder Companies in a research note on Friday, May 2nd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, Estee Lauder Companies has an average rating of "Hold" and an average target price of $87.80.

Estee Lauder Companies Stock Up 1.2%

NYSE EL traded up $1.05 during trading hours on Tuesday, hitting $89.73. The company's stock had a trading volume of 3,810,839 shares, compared to its average volume of 4,206,291. 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's 50-day simple moving average is $87.07 and its two-hundred day simple moving average is $72.51. The company has a market capitalization of $32.28 billion, a PE ratio of -28.58, a price-to-earnings-growth ratio of 2.61 and a beta of 1.18. The Estee Lauder Companies Inc. has a 52 week low of $48.37 and a 52 week high of $103.44.

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

Estee Lauder Companies Dividend Announcement

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