Envestnet Asset Management Inc. Increases Stake in The Estee Lauder Companies Inc. (NYSE:EL)

Envestnet Asset Management Inc. increased its position in shares of The Estee Lauder Companies Inc. (NYSE:EL) by 16.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 140,295 shares of the company’s stock after buying an additional 19,506 shares during the period. Envestnet Asset Management Inc.’s holdings in Estee Lauder Companies were worth $9,259,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Bank Pictet & Cie Europe AG grew its stake in Estee Lauder Companies by 5.4% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 91,200 shares of the company’s stock valued at $6,838,000 after purchasing an additional 4,690 shares during the last quarter. Mather Group LLC. grew its stake in Estee Lauder Companies by 442.5% in the first quarter. Mather Group LLC. now owns 1,367 shares of the company’s stock valued at $90,000 after purchasing an additional 1,115 shares during the last quarter. Golden State Wealth Management LLC grew its stake in Estee Lauder Companies by 57.3% in the first quarter. Golden State Wealth Management LLC now owns 626 shares of the company’s stock valued at $41,000 after purchasing an additional 228 shares during the last quarter. Bessemer Group Inc. grew its stake in Estee Lauder Companies by 70.2% in the first quarter. Bessemer Group Inc. now owns 4,753 shares of the company’s stock valued at $313,000 after purchasing an additional 1,961 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Estee Lauder Companies by 27.0% during the first quarter. GAMMA Investing LLC now owns 3,620 shares of the company’s stock worth $239,000 after acquiring an additional 770 shares during the last quarter. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Wall Street Analysts Forecast Growth

EL has been the subject of a number of research reports. Evercore ISI lifted their target price on Estee Lauder Companies from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, June 26th. B. Riley reaffirmed a “neutral” rating and set a $60.00 target price (down previously from $70.00) on shares of Estee Lauder Companies in a report on Friday, May 2nd. Piper Sandler reaffirmed an “overweight” rating and set a $75.00 target price (down previously from $92.00) on shares of Estee Lauder Companies in a report on Friday, May 2nd. HSBC raised Estee Lauder Companies from a “hold” rating to a “buy” rating and lifted their target price for the stock from $80.00 to $99.00 in a report on Friday, June 27th. Finally, Canaccord Genuity Group decreased their target price on Estee Lauder Companies from $70.00 to $62.00 and set a “hold” rating for the company in a report on Tuesday, April 29th. Fifteen equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Estee Lauder Companies has an average rating of “Hold” and an average target price of $82.50.

Estee Lauder Companies Stock Down 1.2%

EL opened at $86.13 on Tuesday. The business’s fifty day moving average is $74.86 and its two-hundred day moving average is $69.95. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.02 and a current ratio of 1.41. The company has a market cap of $30.98 billion, a price-to-earnings ratio of -35.59, a PEG ratio of 6.23 and a beta of 1.17. The Estee Lauder Companies Inc. has a one year low of $48.37 and a one year high of $103.44.

Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $3.51 billion. During the same period in the prior year, the business earned $0.97 earnings per share. The business’s revenue was down 9.9% on a year-over-year basis. Analysts anticipate that The Estee Lauder Companies Inc. will post 1.36 EPS for the current fiscal year.

Estee Lauder Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were paid a $0.35 dividend. The ex-dividend date was Friday, May 30th. This represents a $1.40 annualized dividend and a yield of 1.63%. Estee Lauder Companies’s payout ratio is currently -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.