Asset Management One Co. Ltd. Raises Position in The Estee Lauder Companies Inc. (NYSE:EL)

Asset Management One Co. Ltd. grew its holdings in shares of The Estee Lauder Companies Inc. (NYSE:EL) by 9.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 99,403 shares of the company’s stock after purchasing an additional 8,618 shares during the period. Asset Management One Co. Ltd.’s holdings in Estee Lauder Companies were worth $6,561,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in EL. Smartleaf Asset Management LLC increased its position in shares of Estee Lauder Companies by 47.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 479 shares of the company’s stock valued at $36,000 after acquiring an additional 154 shares during the period. CVA Family Office LLC increased its position in shares of Estee Lauder Companies by 116.2% in the 1st quarter. CVA Family Office LLC now owns 668 shares of the company’s stock valued at $44,000 after acquiring an additional 359 shares during the period. Farther Finance Advisors LLC increased its position in shares of Estee Lauder Companies by 41.0% in the 1st quarter. Farther Finance Advisors LLC now owns 787 shares of the company’s stock valued at $53,000 after acquiring an additional 229 shares during the period. UMB Bank n.a. increased its position in shares of Estee Lauder Companies by 58.4% in the 1st quarter. UMB Bank n.a. now owns 906 shares of the company’s stock valued at $60,000 after acquiring an additional 334 shares during the period. Finally, OFI Invest Asset Management acquired a new position in shares of Estee Lauder Companies in the 4th quarter valued at $88,000. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on EL shares. Wells Fargo & Company cut their target price on Estee Lauder Companies from $70.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Barclays upped their target price on Estee Lauder Companies from $56.00 to $63.00 and gave the company an “equal weight” rating in a research report on Thursday, May 29th. Deutsche Bank Aktiengesellschaft raised Estee Lauder Companies from a “hold” rating to a “buy” rating and upped their target price for the company from $71.00 to $95.00 in a research report on Monday, June 23rd. Canaccord Genuity Group cut their target price on Estee Lauder Companies from $70.00 to $62.00 and set a “hold” rating on the stock in a research report on Tuesday, April 29th. Finally, B. Riley reaffirmed a “neutral” rating and set a $60.00 price target (down from $70.00) on shares of Estee Lauder Companies in a research report on Friday, May 2nd. Sixteen analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Estee Lauder Companies currently has a consensus rating of “Hold” and a consensus price target of $74.45.

Estee Lauder Companies Price Performance

NYSE:EL opened at $80.28 on Friday. The Estee Lauder Companies Inc. has a 52 week low of $48.37 and a 52 week high of $108.37. The company has a quick ratio of 1.02, a current ratio of 1.41 and a debt-to-equity ratio of 1.68. The stock has a market capitalization of $28.88 billion, a PE ratio of -33.17, a price-to-earnings-growth ratio of 8.27 and a beta of 1.12. The stock’s 50-day moving average price is $66.28 and its 200-day moving average price is $68.81.

Estee Lauder Companies (NYSE:EL) last posted its earnings results on Thursday, May 1st. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.36. Estee Lauder Companies had a positive return on equity of 15.60% and a negative net margin of 5.89%. The firm had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $3.51 billion. During the same period last year, the firm earned $0.97 EPS. The company’s quarterly revenue was down 9.9% on a year-over-year basis. As a group, equities analysts expect that The Estee Lauder Companies Inc. will post 1.36 EPS for the current fiscal year.

Estee Lauder Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date was Friday, May 30th. Estee Lauder Companies’s dividend payout ratio is presently -57.85%.

Estee Lauder Companies 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, and powders, as well as compacts, brushes, and other makeup tools.