Exchange Traded Concepts LLC Acquires 1,110 Shares of The Estee Lauder Companies Inc. (NYSE:EL)

Exchange Traded Concepts LLC increased its holdings in The Estee Lauder Companies Inc. (NYSE:EL) by 16.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,857 shares of the company’s stock after purchasing an additional 1,110 shares during the period. Exchange Traded Concepts LLC’s holdings in Estee Lauder Companies were worth $519,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. FMR LLC boosted its holdings in Estee Lauder Companies by 163.8% during the fourth quarter. FMR LLC now owns 14,382,579 shares of the company’s stock valued at $1,078,406,000 after acquiring an additional 8,930,011 shares during the period. Capital World Investors bought a new stake in Estee Lauder Companies during the fourth quarter valued at about $554,509,000. Norges Bank bought a new stake in Estee Lauder Companies during the fourth quarter valued at about $251,304,000. American Century Companies Inc. boosted its holdings in Estee Lauder Companies by 11,026.8% during the fourth quarter. American Century Companies Inc. now owns 3,343,607 shares of the company’s stock valued at $250,704,000 after acquiring an additional 3,313,557 shares during the period. Finally, Invesco Ltd. boosted its holdings in Estee Lauder Companies by 148.9% during the fourth quarter. Invesco Ltd. now owns 5,481,248 shares of the company’s stock valued at $410,984,000 after acquiring an additional 3,278,632 shares during the period. 55.15% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

EL has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price target on shares of Estee Lauder Companies from $72.00 to $61.00 and set a “neutral” rating for the company in a report on Friday, April 11th. Wall Street Zen cut shares of Estee Lauder Companies from a “hold” rating to a “sell” rating in a report on Saturday, May 24th. Barclays upped their price target on shares of Estee Lauder Companies from $56.00 to $63.00 and gave the company an “equal weight” rating in a report on Thursday, May 29th. Piper Sandler restated an “overweight” rating and set a $75.00 price target (down from $92.00) on shares of Estee Lauder Companies in a report on Friday, May 2nd. Finally, UBS Group upped their price objective on shares of Estee Lauder Companies from $60.00 to $62.00 and gave the company a “neutral” rating in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $75.15.

Estee Lauder Companies Stock Performance

NYSE EL opened at $75.29 on Friday. The firm has a market cap of $27.09 billion, a price-to-earnings ratio of -31.11, a PEG ratio of 9.38 and a beta of 1.12. The company has a 50 day moving average of $63.85 and a 200-day moving average of $68.88. The company has a current ratio of 1.41, a quick ratio of 1.02 and a debt-to-equity ratio of 1.68. The Estee Lauder Companies Inc. has a 1-year low of $48.37 and a 1-year high of $115.82.

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

Estee Lauder Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 30th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend was Friday, May 30th. Estee Lauder Companies’s payout ratio is -57.85%.

About Estee Lauder Companies

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.