Jefferies Financial Group Inc. bought a new position in shares of The Estee Lauder Companies Inc. (NYSE:EL – Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 9,743 shares of the company’s stock, valued at approximately $1,020,000.
Several other hedge funds have also recently bought and sold shares of EL. Flagship Harbor Advisors LLC bought a new position in shares of Estee Lauder Companies during the 4th quarter worth approximately $32,000. N.E.W. Advisory Services LLC grew its stake in shares of Estee Lauder Companies by 39.1% during the 4th quarter. N.E.W. Advisory Services LLC now owns 324 shares of the company’s stock worth $34,000 after acquiring an additional 91 shares in the last quarter. Hantz Financial Services Inc. grew its stake in shares of Estee Lauder Companies by 80.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 372 shares of the company’s stock worth $33,000 after acquiring an additional 166 shares in the last quarter. BOCHK Asset Management Ltd bought a new position in shares of Estee Lauder Companies during the 4th quarter worth approximately $42,000. Finally, Kelleher Financial Advisors bought a new position in shares of Estee Lauder Companies during the 3rd quarter worth approximately $39,000. 55.15% of the stock is currently owned by institutional investors and hedge funds.
Estee Lauder Companies Stock Down 0.4%
EL stock opened at $90.88 on Friday. The company has a market cap of $32.88 billion, a PE ratio of -129.82, a price-to-earnings-growth ratio of 0.94 and a beta of 1.22. The business has a 50-day simple moving average of $78.06 and a 200 day simple moving average of $94.86. The Estee Lauder Companies Inc. has a 52 week low of $64.83 and a 52 week high of $121.64. The company has a quick ratio of 0.94, a current ratio of 1.27 and a debt-to-equity ratio of 1.71.
Estee Lauder Companies Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.40 annualized dividend and a dividend yield of 1.5%. Estee Lauder Companies’s payout ratio is currently -200.00%.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on EL. Wall Street Zen cut shares of Estee Lauder Companies from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Canaccord Genuity Group raised their target price on shares of Estee Lauder Companies from $80.00 to $85.00 and gave the company a “hold” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. raised their target price on shares of Estee Lauder Companies from $98.00 to $99.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. TD Cowen decreased their target price on shares of Estee Lauder Companies from $130.00 to $115.00 and set a “hold” rating for the company in a research note on Monday, February 9th. Finally, UBS Group raised their target price on shares of Estee Lauder Companies from $75.00 to $85.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $101.63.
Get Our Latest Research Report on Estee Lauder Companies
About Estee Lauder Companies
Estée Lauder Companies Inc (NYSE: EL) is a global leader in prestige beauty that develops, manufactures and markets a broad portfolio of skincare, makeup, fragrance and hair care products. Founded in 1946 by Estée Lauder, the company has grown from a small family business into a multinational consumer-products enterprise headquartered in New York City. Its activities span product research and development, brand and product marketing, manufacturing and global distribution across multiple retail channels.
The company’s portfolio includes a mix of legacy and prestige brands that target different consumer segments and price points, with well-known names such as Estée Lauder, Clinique, MAC, La Mer and Jo Malone among others.
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