United Services Automobile Association bought a new position in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 5,739 shares of the company's stock, valued at approximately $375,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Horizon Investments LLC boosted its stake in shares of Estee Lauder Companies by 5.1% in the 1st quarter. Horizon Investments LLC now owns 3,351 shares of the company's stock worth $221,000 after buying an additional 164 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Estee Lauder Companies by 0.7% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 24,633 shares of the company's stock valued at $1,626,000 after purchasing an additional 171 shares during the last quarter. DAVENPORT & Co LLC lifted its stake in Estee Lauder Companies by 5.1% in the first quarter. DAVENPORT & Co LLC now owns 3,796 shares of the company's stock valued at $251,000 after purchasing an additional 185 shares during the last quarter. First Hawaiian Bank lifted its stake in Estee Lauder Companies by 2.9% in the first quarter. First Hawaiian Bank now owns 7,200 shares of the company's stock valued at $475,000 after purchasing an additional 200 shares during the last quarter. Finally, State of Michigan Retirement System lifted its stake in Estee Lauder Companies by 0.3% in the first quarter. State of Michigan Retirement System now owns 63,538 shares of the company's stock valued at $4,194,000 after purchasing an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 55.15% of the company's stock.
Analyst Ratings Changes
EL has been the topic of several research analyst reports. JPMorgan Chase & Co. dropped their price objective on Estee Lauder Companies from $101.00 to $99.00 and set an "overweight" rating on the stock in a research note on Thursday, August 21st. Bank of America initiated coverage on Estee Lauder Companies in a research note on Thursday, July 10th. They issued a "buy" rating and a $110.00 price objective on the stock. UBS Group upped their price objective on Estee Lauder Companies from $62.00 to $93.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th. Citigroup upped their price objective on Estee Lauder Companies from $60.00 to $99.00 and gave the company a "neutral" rating in a research note on Tuesday, July 15th. Finally, Telsey Advisory Group reissued a "market perform" rating and set a $99.00 target price on shares of Estee Lauder Companies in a report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $87.80.
View Our Latest Research Report on Estee Lauder Companies
Estee Lauder Companies Stock Performance
EL stock traded down $3.13 during midday trading on Friday, reaching $83.68. 3,242,681 shares of the company's stock traded hands, compared to its average volume of 3,955,509. The company has a 50-day moving average price of $89.64 and a two-hundred day moving average price of $74.28. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.92 and a current ratio of 1.30. The Estee Lauder Companies Inc. has a 52 week low of $48.37 and a 52 week high of $103.44. The firm has a market capitalization of $30.12 billion, a PE ratio of 55.77, a price-to-earnings-growth ratio of 2.39 and a beta of 1.15.
Estee Lauder Companies (NYSE:EL - Get Free Report) last released its quarterly 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. The firm had revenue of $3.41 billion for 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 quarterly revenue was down 11.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.64 earnings per share. Estee Lauder Companies has set its FY 2026 guidance at 1.900-2.100 EPS. As a group, equities analysts anticipate that The Estee Lauder Companies Inc. will post 1.36 EPS for the current year.
Estee Lauder Companies Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be issued a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $1.40 annualized dividend and a dividend yield of 1.7%. Estee Lauder Companies's dividend payout ratio is presently -44.59%.
Insider Buying and Selling at Estee Lauder Companies
In other news, VP Lande Rashida La sold 6,417 shares of the company's stock in a transaction on 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 SEC, which is available at this hyperlink. Also, Director Lynn Forester sold 3,702 shares of the company's stock in a transaction on 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 transaction, the director directly owned 15,479 shares in the company, valued at approximately $1,418,650.35. The trade was a 19.30% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.78% of the company's stock.
About Estee Lauder Companies
(
Free Report)
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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