Cetera Investment Advisers boosted its stake in The Estee Lauder Companies Inc. (NYSE:EL – Free Report) by 19.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,723 shares of the company’s stock after purchasing an additional 5,257 shares during the quarter. Cetera Investment Advisers’ holdings in Estee Lauder Companies were worth $2,563,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. True Vision MN LLC purchased a new stake in Estee Lauder Companies during the second quarter valued at about $552,000. Clarius Group LLC acquired a new position in shares of Estee Lauder Companies in the 2nd quarter valued at about $227,000. Union Bancaire Privee UBP SA purchased a new stake in shares of Estee Lauder Companies during the 2nd quarter worth about $3,006,000. Drive Wealth Management LLC acquired a new stake in Estee Lauder Companies during the 2nd quarter worth approximately $337,000. Finally, Concurrent Investment Advisors LLC acquired a new stake in Estee Lauder Companies during the 2nd quarter worth approximately $331,000. Hedge funds and other institutional investors own 55.15% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on EL shares. Wall Street Zen cut shares of Estee Lauder Companies from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Rothschild & Co Redburn lowered shares of Estee Lauder Companies from a “neutral” rating to a “sell” rating and reduced their target price for the company from $83.00 to $70.00 in a report on Tuesday. Royal Bank Of Canada increased their price target on Estee Lauder Companies from $107.00 to $113.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Canaccord Genuity Group boosted their price objective on Estee Lauder Companies from $85.00 to $100.00 and gave the stock a “hold” rating in a research note on Monday, October 27th. Finally, Citigroup upped their target price on Estee Lauder Companies from $95.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $94.43.
Insiders Place Their Bets
In other Estee Lauder Companies news, VP Meridith Webster sold 5,430 shares of the stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $87.84, for a total transaction of $476,971.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Barry S. Sternlicht sold 3,972 shares of Estee Lauder Companies stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $91.83, for a total transaction of $364,748.76. Following the completion of the transaction, the director directly owned 34,812 shares of the company’s stock, valued at $3,196,785.96. This trade represents a 10.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 13.05% of the stock is currently owned by corporate insiders.
Estee Lauder Companies Stock Down 0.9%
EL stock opened at $92.90 on Friday. The firm has a 50 day simple moving average of $92.19 and a 200-day simple moving average of $85.63. The company has a market capitalization of $33.48 billion, a P/E ratio of -29.58, a PEG ratio of 1.77 and a beta of 1.19. The Estee Lauder Companies Inc. has a twelve month low of $48.37 and a twelve month high of $104.53. The company has a current ratio of 1.30, a quick ratio of 0.92 and a debt-to-equity ratio of 1.89.
Estee Lauder Companies (NYSE:EL – Get Free Report) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.15 by $0.17. The business had revenue of $3.48 billion for the quarter, compared to analysts’ expectations of $3.38 billion. Estee Lauder Companies had a negative net margin of 7.91% and a positive return on equity of 12.37%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.14 earnings per share. Estee Lauder Companies has set its FY 2026 guidance at 1.900-2.100 EPS. On average, equities research analysts predict that The Estee Lauder Companies Inc. will post 1.36 earnings per share for the current fiscal year.
Estee Lauder Companies Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be paid a dividend of $0.35 per share. The ex-dividend date is Friday, November 28th. This represents a $1.40 annualized dividend and a yield of 1.5%. Estee Lauder Companies’s payout ratio is presently -54.26%.
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.
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