Victory Capital Management Inc. Sells 83,897 Shares of The Estee Lauder Companies Inc. (NYSE:EL)

Victory Capital Management Inc. reduced its position in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 53.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,277 shares of the company's stock after selling 83,897 shares during the period. Victory Capital Management Inc.'s holdings in Estee Lauder Companies were worth $4,770,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. FMR LLC raised its position in Estee Lauder Companies by 163.8% in the 4th quarter. FMR LLC now owns 14,382,579 shares of the company's stock valued at $1,078,406,000 after buying an additional 8,930,011 shares during the last quarter. Capital World Investors purchased a new stake in Estee Lauder Companies in the 4th quarter valued at $554,509,000. Norges Bank purchased a new stake in Estee Lauder Companies in the 4th quarter valued at $251,304,000. Invesco Ltd. raised its position in Estee Lauder Companies by 148.9% in the 4th quarter. Invesco Ltd. now owns 5,481,248 shares of the company's stock valued at $410,984,000 after buying an additional 3,278,632 shares during the last quarter. Finally, Independent Franchise Partners LLP raised its position in Estee Lauder Companies by 45.5% in the 4th quarter. Independent Franchise Partners LLP now owns 7,858,158 shares of the company's stock valued at $589,205,000 after buying an additional 2,458,379 shares during the last quarter. 55.15% of the stock is currently owned by institutional investors.

Estee Lauder Companies Price Performance

Shares of EL stock opened at $90.35 on Friday. The firm has a market cap of $32.50 billion, a P/E ratio of -37.33, a P/E/G ratio of 6.47 and a beta of 1.17. The Estee Lauder Companies Inc. has a fifty-two week low of $48.37 and a fifty-two week high of $103.44. The business's 50 day moving average price is $77.23 and its 200-day moving average price is $70.49. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.02 and a current ratio of 1.41.

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

Estee Lauder Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.40 annualized dividend and a dividend yield of 1.55%. Estee Lauder Companies's dividend payout ratio is presently -57.85%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Barclays raised their target price on Estee Lauder Companies from $63.00 to $84.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 15th. Piper Sandler reiterated an "overweight" rating and set a $75.00 price target (down previously from $92.00) on shares of Estee Lauder Companies in a research note on Friday, May 2nd. Telsey Advisory Group reiterated a "market perform" rating and set a $76.00 price target on shares of Estee Lauder Companies in a research note on Thursday, May 1st. Deutsche Bank Aktiengesellschaft upgraded Estee Lauder Companies from a "hold" rating to a "buy" rating and increased their price target for the stock from $71.00 to $95.00 in a research note on Monday, June 23rd. Finally, Wall Street Zen upgraded Estee Lauder Companies from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Thirteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Estee Lauder Companies has an average rating of "Hold" and a consensus target price of $84.50.

Estee Lauder Companies 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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