L & S Advisors Inc lifted its holdings in shares of Estee Lauder Companies Inc (NYSE:EL) by 108.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,725 shares of the company’s stock after acquiring an additional 10,774 shares during the quarter. L & S Advisors Inc’s holdings in Estee Lauder Companies were worth $3,795,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of the stock. Comerica Securities Inc. raised its stake in Estee Lauder Companies by 509.1% during the fourth quarter. Comerica Securities Inc. now owns 40,557 shares of the company’s stock worth $5,277,000 after acquiring an additional 33,899 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Estee Lauder Companies by 3.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 538,219 shares of the company’s stock worth $70,019,000 after buying an additional 15,664 shares in the last quarter. United Bank increased its stake in Estee Lauder Companies by 10.7% during the 1st quarter. United Bank now owns 2,868 shares of the company’s stock worth $475,000 after buying an additional 277 shares in the last quarter. Cetera Advisor Networks LLC purchased a new stake in Estee Lauder Companies during the 1st quarter worth approximately $357,000. Finally, Teacher Retirement System of Texas increased its stake in Estee Lauder Companies by 112.2% during the 1st quarter. Teacher Retirement System of Texas now owns 97,307 shares of the company’s stock worth $16,109,000 after buying an additional 51,446 shares in the last quarter. Institutional investors and hedge funds own 54.94% of the company’s stock.
Several research analysts have recently weighed in on the company. Zacks Investment Research upgraded Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $212.00 target price on the stock in a report on Tuesday, August 20th. Credit Suisse Group boosted their target price on Estee Lauder Companies from $185.00 to $210.00 and gave the stock an “outperform” rating in a report on Tuesday, August 20th. Piper Jaffray Companies boosted their target price on Estee Lauder Companies from $178.00 to $187.00 and gave the stock an “overweight” rating in a report on Monday, August 12th. Deutsche Bank reiterated a “buy” rating and issued a $221.00 price objective (up from $202.00) on shares of Estee Lauder Companies in a report on Tuesday, August 20th. Finally, Stifel Nicolaus upped their price objective on Estee Lauder Companies from $205.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seventeen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $188.88.
Estee Lauder Companies (NYSE:EL) last issued its earnings results on Monday, August 19th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.53 by $0.11. Estee Lauder Companies had a return on equity of 44.43% and a net margin of 12.01%. The business had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.53 billion. During the same quarter last year, the company earned $0.61 EPS. The firm’s revenue was up 9.0% compared to the same quarter last year. On average, research analysts predict that Estee Lauder Companies Inc will post 5.99 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Thursday, August 29th. Estee Lauder Companies’s payout ratio is currently 32.21%.
In related news, major shareholder Lal Family Partners Lp sold 2,000,000 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $196.00, for a total transaction of $392,000,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Fabrizio Freda sold 28,819 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $206.51, for a total value of $5,951,411.69. Following the sale, the chief executive officer now owns 93,360 shares of the company’s stock, valued at approximately $19,279,773.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,180,943 shares of company stock valued at $428,626,737. 16.13% of the stock is owned by company insiders.
Estee Lauder Companies Profile
The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.
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