DekaBank Deutsche Girozentrale Has $11.48 Million Position in The Estee Lauder Companies Inc. (NYSE:EL)

DekaBank Deutsche Girozentrale raised its position in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 33.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 177,100 shares of the company's stock after acquiring an additional 44,406 shares during the period. DekaBank Deutsche Girozentrale's holdings in Estee Lauder Companies were worth $11,478,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC lifted its stake 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 period. CVA Family Office LLC increased its holdings 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 buying an additional 359 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Estee Lauder Companies by 41.0% during the 1st 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. UMB Bank n.a. increased its holdings in shares of Estee Lauder Companies by 58.4% during the 1st quarter. UMB Bank n.a. now owns 906 shares of the company's stock worth $60,000 after buying an additional 334 shares during the last quarter. Finally, Rossby Financial LCC acquired a new stake in shares of Estee Lauder Companies during the 1st quarter worth $73,000. Institutional investors and hedge funds own 55.15% of the company's stock.

Analyst Upgrades and Downgrades

EL has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their price target on shares of Estee Lauder Companies from $72.00 to $61.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Barclays upped their price objective on shares of Estee Lauder Companies from $56.00 to $63.00 and gave the company an "equal weight" rating in a research report on Thursday, May 29th. B. Riley reissued a "neutral" rating and issued a $60.00 price objective (down from $70.00) on shares of Estee Lauder Companies in a research report on Friday, May 2nd. Wells Fargo & Company upped their price objective on shares of Estee Lauder Companies from $60.00 to $90.00 and gave the company an "equal weight" rating in a research report on Wednesday. Finally, Royal Bank Of Canada decreased their price objective on shares of Estee Lauder Companies from $100.00 to $90.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Fifteen investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $77.70.

Estee Lauder Companies Price Performance

Shares of Estee Lauder Companies stock traded down $0.99 on Friday, hitting $91.11. The company had a trading volume of 2,973,811 shares, compared to its average volume of 4,310,402. The business has a 50-day simple moving average of $71.47 and a 200-day simple moving average of $69.47. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.41 and a quick ratio of 1.02. The company has a market cap of $32.78 billion, a PE ratio of 44.93, a PEG ratio of 6.57 and a beta of 1.17. The Estee Lauder Companies Inc. has a 52 week low of $48.37 and a 52 week high of $104.50.

Estee Lauder Companies (NYSE:EL - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.36. Estee Lauder Companies had a negative net margin of 5.89% and a positive return on equity of 15.60%. The firm had revenue of $2.66 billion for the quarter, compared to analyst estimates of $3.51 billion. During the same quarter in the previous year, the business posted $0.97 earnings per share. The firm's quarterly revenue was down 9.9% compared to the same quarter last year. Research analysts expect that The Estee Lauder Companies Inc. will post 1.36 EPS for the current fiscal year.

Estee Lauder Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend was Friday, May 30th. Estee Lauder Companies's dividend payout ratio (DPR) is currently -57.85%.

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.