Raymond James & Associates increased its holdings in Estee Lauder Companies Inc (NYSE:EL) by 1.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 380,780 shares of the company’s stock after buying an additional 4,833 shares during the period. Raymond James & Associates owned 0.10% of Estee Lauder Companies worth $48,452,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd bought a new position in Estee Lauder Companies in the 4th quarter worth approximately $126,000. Cerebellum GP LLC bought a new position in Estee Lauder Companies in the 4th quarter worth approximately $130,000. Winslow Evans & Crocker Inc. boosted its holdings in Estee Lauder Companies by 2,750.0% in the 4th quarter. Winslow Evans & Crocker Inc. now owns 1,140 shares of the company’s stock worth $145,000 after buying an additional 1,100 shares during the period. CrestPoint Capital Management LLC bought a new position in Estee Lauder Companies in the 4th quarter worth approximately $204,000. Finally, Keel Point LLC bought a new position in Estee Lauder Companies in the 4th quarter worth approximately $205,000. 54.10% of the stock is owned by institutional investors.
Several research firms recently commented on EL. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $145.00 price objective on shares of Estee Lauder Companies in a report on Monday, February 5th. CIBC reissued an “outperform” rating and issued a $148.00 price target (up from $130.00) on shares of Estee Lauder Companies in a report on Tuesday, January 23rd. Deutsche Bank began coverage on shares of Estee Lauder Companies in a report on Wednesday, December 13th. They issued a “hold” rating and a $134.00 price target for the company. Wells Fargo & Co reissued a “buy” rating and issued a $150.00 price target on shares of Estee Lauder Companies in a report on Wednesday, January 31st. Finally, KeyCorp reissued a “buy” rating and issued a $150.00 price target on shares of Estee Lauder Companies in a report on Friday, February 2nd. Five analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $131.50.
Shares of Estee Lauder Companies Inc (NYSE:EL) opened at $145.78 on Wednesday. Estee Lauder Companies Inc has a fifty-two week low of $83.34 and a fifty-two week high of $146.33. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.74. The stock has a market cap of $53,463.59, a price-to-earnings ratio of 50.62, a PEG ratio of 2.57 and a beta of 0.69.
Estee Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Friday, February 2nd. The company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.08. Estee Lauder Companies had a net margin of 8.43% and a return on equity of 34.86%. The company had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.68 billion. During the same period in the previous year, the firm posted $1.22 EPS. The firm’s revenue was up 16.7% compared to the same quarter last year. research analysts predict that Estee Lauder Companies Inc will post 4.36 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend is Tuesday, February 27th. Estee Lauder Companies’s dividend payout ratio is currently 52.78%.
About Estee Lauder Companies
The Estee Lauder Companies Inc manufactures and markets skin care, makeup, fragrance and hair care products. The Company offers products, including skin care, makeup, fragrance, hair care and other. The Company operates in beauty products segment. The Company’s products are sold in over 150 countries and territories under brand names, including Estee Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, MAC, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frederic Malle, GLAMGLOW, By Kilian, BECCA and Too Faced.
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