Westpac Banking Corp Grows Holdings in The Estee Lauder Companies Inc. $EL

Westpac Banking Corp lifted its stake in shares of The Estee Lauder Companies Inc. (NYSE:EL) by 305.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,458 shares of the company’s stock after buying an additional 9,387 shares during the quarter. Westpac Banking Corp’s holdings in Estee Lauder Companies were worth $894,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Prime Capital Investment Advisors LLC boosted its stake in Estee Lauder Companies by 3.2% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 2,823 shares of the company’s stock valued at $296,000 after acquiring an additional 88 shares during the last quarter. N.E.W. Advisory Services LLC increased its position in shares of Estee Lauder Companies by 39.1% in the 4th quarter. N.E.W. Advisory Services LLC now owns 324 shares of the company’s stock worth $34,000 after purchasing an additional 91 shares during the last quarter. New Mexico Educational Retirement Board increased its position in shares of Estee Lauder Companies by 0.9% in the 4th quarter. New Mexico Educational Retirement Board now owns 10,724 shares of the company’s stock worth $1,123,000 after purchasing an additional 100 shares during the last quarter. Greenleaf Trust raised its stake in shares of Estee Lauder Companies by 3.2% in the 4th quarter. Greenleaf Trust now owns 3,579 shares of the company’s stock valued at $375,000 after purchasing an additional 110 shares in the last quarter. Finally, Allworth Financial LP raised its stake in shares of Estee Lauder Companies by 6.6% in the 4th quarter. Allworth Financial LP now owns 1,789 shares of the company’s stock valued at $187,000 after purchasing an additional 110 shares in the last quarter. Institutional investors own 55.15% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on EL shares. The Goldman Sachs Group initiated coverage on shares of Estee Lauder Companies in a research report on Monday, June 22nd. They set a “buy” rating and a $100.00 price target on the stock. Weiss Ratings lowered Estee Lauder Companies from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft cut their price objective on Estee Lauder Companies from $124.00 to $108.00 and set a “buy” rating on the stock in a research note on Monday, March 30th. Zacks Research downgraded Estee Lauder Companies from a “strong-buy” rating to a “hold” rating in a report on Friday, July 10th. Finally, Citigroup lifted their target price on Estee Lauder Companies from $92.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Estee Lauder Companies has a consensus rating of “Hold” and an average price target of $98.11.

Estee Lauder Companies Trading Up 0.2%

Estee Lauder Companies stock opened at $82.57 on Thursday. The Estee Lauder Companies Inc. has a 1 year low of $66.22 and a 1 year high of $121.64. The firm’s 50-day moving average is $83.73 and its 200-day moving average is $90.62. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.94 and a current ratio of 1.27. The company has a market cap of $29.88 billion, a P/E ratio of -117.96, a PEG ratio of 0.64 and a beta of 1.27.

Estee Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Friday, May 1st. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.25. The business had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.69 billion. Estee Lauder Companies had a negative net margin of 1.67% and a positive return on equity of 20.66%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.65 EPS. Estee Lauder Companies has set its FY 2026 guidance at 2.330-2.430 EPS. On average, equities analysts expect that The Estee Lauder Companies Inc. will post 2.41 earnings per share for the current year.

Estee Lauder Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Friday, May 29th. Estee Lauder Companies’s dividend payout ratio is presently -200.00%.

About Estee Lauder Companies

Estée Lauder Companies Inc (NYSE: EL) is a global leader in prestige beauty that develops, manufactures and markets a broad portfolio of skincare, makeup, fragrance and hair care products. Founded in 1946 by Estée Lauder, the company has grown from a small family business into a multinational consumer-products enterprise headquartered in New York City. Its activities span product research and development, brand and product marketing, manufacturing and global distribution across multiple retail channels.

The company’s portfolio includes a mix of legacy and prestige brands that target different consumer segments and price points, with well-known names such as Estée Lauder, Clinique, MAC, La Mer and Jo Malone among others.