Bleakley Financial Group LLC grew its holdings in shares of The Estee Lauder Companies Inc. (NYSE:EL – Free Report) by 21.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,356 shares of the company’s stock after buying an additional 6,780 shares during the period. Bleakley Financial Group LLC’s holdings in Estee Lauder Companies were worth $2,753,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. REAP Financial Group LLC purchased a new stake in Estee Lauder Companies in the fourth quarter worth about $27,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna purchased a new position in shares of Estee Lauder Companies during the fourth quarter valued at approximately $27,000. Flagship Harbor Advisors LLC purchased a new position in shares of Estee Lauder Companies during the fourth quarter valued at approximately $32,000. N.E.W. Advisory Services LLC boosted its position in shares of Estee Lauder Companies by 39.1% in the 4th quarter. N.E.W. Advisory Services LLC now owns 324 shares of the company’s stock worth $34,000 after purchasing an additional 91 shares in the last quarter. Finally, DV Equities LLC purchased a new stake in shares of Estee Lauder Companies in the 4th quarter worth approximately $36,000. 55.15% of the stock is owned by hedge funds and other institutional investors.
Estee Lauder Companies Price Performance
Shares of EL opened at $82.30 on Thursday. The firm has a fifty day simple moving average of $83.87 and a two-hundred day simple moving average of $91.44. The firm has a market cap of $29.78 billion, a PE ratio of -117.57, a P/E/G ratio of 0.63 and a beta of 1.27. The company has a current ratio of 1.27, a quick ratio of 0.94 and a debt-to-equity ratio of 1.71. The Estee Lauder Companies Inc. has a 1-year low of $66.22 and a 1-year high of $121.64.
Estee Lauder Companies Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Friday, May 29th. Estee Lauder Companies’s dividend payout ratio is currently -200.00%.
Analyst Ratings Changes
EL has been the subject of a number of recent research reports. Wells Fargo & Company lifted their price objective on Estee Lauder Companies from $75.00 to $85.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Canaccord Genuity Group raised their price target on Estee Lauder Companies from $80.00 to $85.00 and gave the company a “hold” rating in a report on Monday, May 4th. UBS Group lifted their price target on Estee Lauder Companies from $75.00 to $85.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Citigroup upped their price target on shares of Estee Lauder Companies from $92.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Finally, JPMorgan Chase & Co. raised their price objective 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. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Estee Lauder Companies presently has a consensus rating of “Hold” and a consensus target price of $99.37.
View Our Latest Stock Analysis on Estee Lauder Companies
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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