LRT Capital Management LLC Acquires Shares of 5,832 The Estée Lauder Companies Inc. (NYSE:EL)

LRT Capital Management LLC bought a new stake in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 5,832 shares of the company's stock, valued at approximately $853,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Lindbrook Capital LLC boosted its holdings in Estée Lauder Companies by 1.8% during the 4th quarter. Lindbrook Capital LLC now owns 17,092 shares of the company's stock valued at $2,500,000 after acquiring an additional 294 shares during the period. abrdn plc boosted its holdings in Estée Lauder Companies by 15.0% during the 4th quarter. abrdn plc now owns 304,823 shares of the company's stock valued at $44,580,000 after acquiring an additional 39,738 shares during the period. Vantage Investment Partners LLC boosted its holdings in Estée Lauder Companies by 633.8% during the 4th quarter. Vantage Investment Partners LLC now owns 186,666 shares of the company's stock valued at $27,300,000 after acquiring an additional 161,227 shares during the period. Kornitzer Capital Management Inc. KS boosted its holdings in Estée Lauder Companies by 86.8% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 88,454 shares of the company's stock valued at $12,936,000 after acquiring an additional 41,114 shares during the period. Finally, Wetzel Investment Advisors Inc. purchased a new position in Estée Lauder Companies during the 4th quarter valued at about $119,000. Institutional investors and hedge funds own 55.15% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on EL. Bank of America upgraded shares of Estée Lauder Companies from a "neutral" rating to a "buy" rating and increased their target price for the stock from $160.00 to $170.00 in a report on Thursday, March 28th. JPMorgan Chase & Co. upped their price target on Estée Lauder Companies from $150.00 to $167.00 and gave the stock an "overweight" rating in a report on Tuesday, February 6th. Oppenheimer restated a "market perform" rating on shares of Estée Lauder Companies in a report on Monday, April 15th. Barclays upped their price target on Estée Lauder Companies from $141.00 to $146.00 and gave the stock an "equal weight" rating in a report on Friday, April 12th. Finally, StockNews.com downgraded shares of Estée Lauder Companies from a "hold" rating to a "sell" rating in a research report on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Estée Lauder Companies presently has an average rating of "Hold" and an average target price of $168.00.

Estée Lauder Companies Stock Performance

NYSE EL traded down $0.40 during trading hours on Friday, hitting $144.41. 2,324,673 shares of the stock were exchanged, compared to its average volume of 2,137,922. The stock has a 50-day moving average of $146.58 and a 200 day moving average of $138.03. The Estée Lauder Companies Inc. has a 12-month low of $102.22 and a 12-month high of $260.46. The company has a market cap of $51.77 billion, a price-to-earnings ratio of 111.09, a price-to-earnings-growth ratio of 3.76 and a beta of 1.07. The company has a quick ratio of 0.96, a current ratio of 1.36 and a debt-to-equity ratio of 1.16.

Estée Lauder Companies (NYSE:EL - Get Free Report) last announced its quarterly earnings data on Monday, February 5th. The company reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates of $0.55 by $0.33. Estée Lauder Companies had a return on equity of 9.78% and a net margin of 3.08%. The firm had revenue of $4.28 billion for the quarter, compared to analyst estimates of $4.19 billion. During the same quarter in the prior year, the company posted $1.54 earnings per share. Estée Lauder Companies's quarterly revenue was down 7.4% on a year-over-year basis. As a group, equities research analysts forecast that The Estée Lauder Companies Inc. will post 2.23 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date was Wednesday, February 28th. Estée Lauder Companies's dividend payout ratio is currently 203.08%.

Estée 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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.