The Estee Lauder Companies Inc. $EL Shares Sold by Public Employees Retirement System of Ohio

Key Points

• Public Employees Retirement System of Ohio reduced its position in The Estee Lauder Companies Inc. by 23.5%, owning 72,564 shares after selling 22,243 shares during the second quarter.
• Several institutional investors significantly increased their stakes in Estee Lauder, with Annis Gardner Whiting Capital Advisors raising its position by 1,182.1% during the first quarter.
• The company's shares recently opened at $86.70, with a 52-week range between $48.37 and $103.44, while analysts have given it a consensus rating of "Hold" with an average target price of $88.55.

Public Employees Retirement System of Ohio lowered its position in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 23.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,564 shares of the company's stock after selling 22,243 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Estee Lauder Companies were worth $5,863,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Annis Gardner Whiting Capital Advisors LLC raised its position in Estee Lauder Companies by 1,182.1% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 500 shares of the company's stock worth $33,000 after acquiring an additional 461 shares during the last quarter. Winthrop Capital Management LLC increased its stake in shares of Estee Lauder Companies by 2,240.0% during the 1st 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. 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. CVA Family Office LLC raised its position in shares of Estee Lauder Companies by 116.2% during the 1st quarter. CVA Family Office LLC now owns 668 shares of the company's stock worth $44,000 after purchasing an additional 359 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in Estee Lauder Companies by 64.5% in the 1st quarter. Smartleaf Asset Management LLC now owns 788 shares of the company's stock valued at $52,000 after buying an additional 309 shares in the last quarter. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EL has been the subject of several recent research reports. Bank of America assumed coverage on Estee Lauder Companies in a research report on Thursday, July 10th. They set a "buy" rating and a $110.00 price target for the company. Royal Bank Of Canada lifted their price objective on Estee Lauder Companies from $90.00 to $107.00 and gave the stock an "outperform" rating in a research report on Thursday, August 21st. HSBC raised shares of Estee Lauder Companies from a "hold" rating to a "buy" rating and boosted their target price for the company from $80.00 to $99.00 in a research note on Friday, June 27th. Canaccord Genuity Group raised their price target on shares of Estee Lauder Companies from $62.00 to $85.00 and gave the stock a "hold" rating in a research note on Monday, August 18th. Finally, Hsbc Global Res upgraded shares of Estee Lauder Companies from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $88.55.

Estee Lauder Companies Stock Up 3.2%

Shares of EL opened at $86.70 on Monday. The Estee Lauder Companies Inc. has a fifty-two week low of $48.37 and a fifty-two week high of $103.44. The company's fifty day moving average is $89.50 and its two-hundred day moving average is $75.49. The firm has a market cap of $31.20 billion, a PE ratio of -27.61, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15. The company has a quick ratio of 0.92, a current ratio of 1.30 and a debt-to-equity ratio of 1.89.

Estee Lauder Companies (NYSE:EL - Get Free Report) last issued its earnings results on Wednesday, August 20th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.36 billion. During the same period last year, the company posted $0.64 EPS. The business's quarterly revenue was down 11.9% on a year-over-year basis. Estee Lauder Companies has set its FY 2026 guidance at 1.900-2.100 EPS. Analysts forecast that The Estee Lauder Companies Inc. will post 1.36 earnings per share for the current year.

Estee Lauder Companies Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Tuesday, September 2nd. Estee Lauder Companies's dividend payout ratio (DPR) is -44.59%.

Insider Activity

In other Estee Lauder Companies news, 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 value of $589,593.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lynn Forester sold 3,702 shares of the business's stock in a transaction on 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 of the company's stock, valued at $1,418,650.35. This trade represents a 19.30% decrease in their position. The disclosure for this sale can be found here. 13.05% of the stock is currently owned by insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.