AGF Management Ltd. decreased its position in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 13.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 421,785 shares of the company's stock after selling 68,001 shares during the quarter. AGF Management Ltd. owned 0.12% of Estée Lauder Companies worth $61,686,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of EL. Lazard Asset Management LLC boosted its holdings in shares of Estée Lauder Companies by 68.5% in the 3rd quarter. Lazard Asset Management LLC now owns 3,720,872 shares of the company's stock valued at $537,850,000 after buying an additional 1,512,982 shares during the last quarter. FMR LLC increased its stake in shares of Estée Lauder Companies by 35.4% during the 3rd quarter. FMR LLC now owns 5,311,174 shares of the company's stock worth $767,730,000 after purchasing an additional 1,387,271 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Estée Lauder Companies by 132.4% in the 3rd quarter. Van ECK Associates Corp now owns 1,735,740 shares of the company's stock valued at $250,901,000 after purchasing an additional 988,829 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in Estée Lauder Companies in the 4th quarter valued at about $95,085,000. Finally, Quadrature Capital Ltd bought a new position in Estée Lauder Companies during the third quarter worth about $69,047,000. Institutional investors own 55.15% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages recently commented on EL. Raymond James lifted their target price on shares of Estée Lauder Companies from $150.00 to $175.00 and gave the stock a "strong-buy" rating in a report on Tuesday, February 6th. Barclays decreased their target price on Estée Lauder Companies from $150.00 to $140.00 and set an "equal weight" rating on the stock in a research report on Friday, May 3rd. Bernstein Bank lifted their price target on Estée Lauder Companies from $155.00 to $160.00 in a report on Wednesday, May 1st. The Goldman Sachs Group initiated coverage on Estée Lauder Companies in a report on Friday, March 1st. They issued a "neutral" rating and a $145.00 price objective on the stock. Finally, Citigroup raised Estée Lauder Companies from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $160.00 to $175.00 in a report on Tuesday, April 2nd. Seventeen equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $160.92.
Check Out Our Latest Stock Report on EL
Estée Lauder Companies Stock Performance
Shares of EL stock traded up $0.34 during trading on Friday, hitting $132.00. The company's stock had a trading volume of 1,772,576 shares, compared to its average volume of 3,156,294. The business has a fifty day moving average of $144.17 and a 200-day moving average of $137.89. The company has a market cap of $47.32 billion, a PE ratio of 74.16, a P/E/G ratio of 3.60 and a beta of 1.07. The Estée Lauder Companies Inc. has a 52 week low of $102.22 and a 52 week high of $204.41. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 1.26.
Estée Lauder Companies (NYSE:EL - Get Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.48 by $0.49. Estée Lauder Companies had a return on equity of 13.08% and a net margin of 4.18%. The business had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the prior year, the business earned $0.47 earnings per share. Estée Lauder Companies's revenue for the quarter was up 5.0% on a year-over-year basis. As a group, research analysts anticipate that The Estée Lauder Companies Inc. will post 2.22 earnings per share for the current year.
Estée Lauder Companies Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 2.00%. The ex-dividend date is Thursday, May 30th. Estée Lauder Companies's dividend payout ratio (DPR) is currently 148.32%.
About Estée 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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.
Further Reading
Before you consider Estée Lauder Companies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Estée Lauder Companies wasn't on the list.
While Estée Lauder Companies currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With average gains of 150% since the start of 2023, now is the time to give these stocks a look and pump up your 2024 portfolio.
Get This Free Report
