Fifth Third Bancorp boosted its stake in shares of The Estee Lauder Companies Inc. (NYSE:EL – Free Report) by 248.2% in the 1st quarter, HoldingsChannel.com reports. The fund owned 39,145 shares of the company’s stock after purchasing an additional 27,903 shares during the quarter. Fifth Third Bancorp’s holdings in Estee Lauder Companies were worth $2,809,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of EL. U S Global Investors Inc. raised its position in Estee Lauder Companies by 100.0% in the 1st quarter. U S Global Investors Inc. now owns 13,000 shares of the company’s stock valued at $933,000 after purchasing an additional 6,500 shares during the last quarter. Candriam S.C.A. lifted its position in Estee Lauder Companies by 225.8% during the 1st quarter. Candriam S.C.A. now owns 301,032 shares of the company’s stock worth $21,605,000 after buying an additional 208,628 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in Estee Lauder Companies by 24.6% during the 1st quarter. Sequoia Financial Advisors LLC now owns 7,963 shares of the company’s stock worth $572,000 after acquiring an additional 1,570 shares during the last quarter. Waterfront Wealth Inc. increased its position in Estee Lauder Companies by 6.2% in the 1st quarter. Waterfront Wealth Inc. now owns 19,011 shares of the company’s stock valued at $1,364,000 after acquiring an additional 1,109 shares in the last quarter. Finally, Kestra Advisory Services LLC grew its stake in shares of Estee Lauder Companies by 3.1% during the first quarter. Kestra Advisory Services LLC now owns 4,520 shares of the company’s stock valued at $324,000 after purchasing an additional 134 shares during the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.
Estee Lauder Companies Trading Up 1.6%
NYSE EL opened at $83.47 on Tuesday. The Estee Lauder Companies Inc. has a one year low of $66.22 and a one year high of $121.64. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.27 and a quick ratio of 0.94. The firm has a market cap of $30.20 billion, a P/E ratio of -119.25, a P/E/G ratio of 0.64 and a beta of 1.27. The stock’s 50-day moving average is $83.77 and its 200-day moving average is $90.93.
Estee Lauder Companies Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were paid a $0.35 dividend. The ex-dividend date was Friday, May 29th. This represents a $1.40 annualized dividend and a yield of 1.7%. Estee Lauder Companies’s payout ratio is presently -200.00%.
Analysts Set New Price Targets
Several research analysts recently weighed in on the stock. Citigroup boosted their price objective on shares of Estee Lauder Companies from $92.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. UBS Group upped their price target on Estee Lauder Companies from $85.00 to $86.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. JPMorgan Chase & Co. lowered their price objective on Estee Lauder Companies from $99.00 to $94.00 and set an “overweight” rating for the company in a research report on Thursday, July 16th. Canaccord Genuity Group upped 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 report on Monday, May 4th. Finally, Piper Sandler initiated coverage on shares of Estee Lauder Companies in a research note on Friday, May 15th. They issued an “overweight” rating and a $95.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $99.16.
View Our Latest Stock Analysis on EL
Estee Lauder Companies Company Profile
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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