Dynamic Technology Lab Private Ltd increased its stake in shares of Estee Lauder Companies Inc (NYSE:EL) by 761.1% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 15,499 shares of the company’s stock after acquiring an additional 13,699 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Estee Lauder Companies were worth $2,212,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in EL. JPMorgan Chase & Co. lifted its position in Estee Lauder Companies by 332.8% during the 1st quarter. JPMorgan Chase & Co. now owns 3,505,185 shares of the company’s stock worth $524,797,000 after acquiring an additional 2,695,358 shares in the last quarter. Old Mutual Global Investors UK Ltd. lifted its position in Estee Lauder Companies by 187.1% during the 1st quarter. Old Mutual Global Investors UK Ltd. now owns 1,567,264 shares of the company’s stock worth $234,650,000 after acquiring an additional 1,021,345 shares in the last quarter. Wells Fargo & Company MN lifted its position in Estee Lauder Companies by 15.2% during the 2nd quarter. Wells Fargo & Company MN now owns 3,172,974 shares of the company’s stock worth $452,750,000 after acquiring an additional 418,055 shares in the last quarter. BlackRock Inc. lifted its position in Estee Lauder Companies by 2.2% during the 1st quarter. BlackRock Inc. now owns 16,132,519 shares of the company’s stock worth $2,415,361,000 after acquiring an additional 342,124 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. lifted its position in Estee Lauder Companies by 65.2% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 815,422 shares of the company’s stock worth $116,353,000 after acquiring an additional 321,821 shares in the last quarter. 56.33% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have issued reports on the company. DA Davidson upgraded Estee Lauder Companies from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $134.00 to $167.00 in a report on Tuesday, August 21st. Raymond James lifted their price objective on Estee Lauder Companies from $145.00 to $151.00 and gave the stock an “outperform” rating in a report on Tuesday, August 21st. Piper Jaffray Companies set a $156.00 price objective on Estee Lauder Companies and gave the stock an “overweight” rating in a report on Tuesday, August 21st. Jefferies Financial Group set a $145.00 price objective on Estee Lauder Companies and gave the stock a “hold” rating in a report on Friday, June 29th. Finally, Deutsche Bank dropped their price objective on Estee Lauder Companies to $159.00 and set a “buy” rating on the stock in a report on Tuesday, August 21st. Five equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. Estee Lauder Companies presently has an average rating of “Buy” and a consensus price target of $146.34.
Shares of NYSE EL opened at $138.68 on Friday. Estee Lauder Companies Inc has a twelve month low of $106.00 and a twelve month high of $158.80. The company has a quick ratio of 1.37, a current ratio of 1.86 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $50.58 billion, a PE ratio of 30.54, a PEG ratio of 2.13 and a beta of 0.63.
Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Monday, August 20th. The company reported $0.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.05. Estee Lauder Companies had a return on equity of 36.09% and a net margin of 8.10%. The business had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $3.25 billion. During the same period in the previous year, the business earned $0.51 EPS. The business’s quarterly revenue was up 13.9% on a year-over-year basis. equities analysts forecast that Estee Lauder Companies Inc will post 4.71 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 17th. Stockholders of record on Friday, August 31st will be issued a $0.38 dividend. The ex-dividend date of this dividend is Thursday, August 30th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.10%. Estee Lauder Companies’s dividend payout ratio (DPR) is 33.70%.
In related news, EVP Michael O’hare sold 5,671 shares of the company’s stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $138.22, for a total transaction of $783,845.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jane Lauder sold 36,334 shares of the company’s stock in a transaction on Thursday, August 23rd. The stock was sold at an average price of $133.23, for a total value of $4,840,778.82. Following the transaction, the director now owns 45,037 shares of the company’s stock, valued at $6,000,279.51. The disclosure for this sale can be found here. 16.24% of the stock is currently owned by insiders.
About Estee Lauder Companies
The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products worldwide. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care, exfoliators, acne and oil correctors, facial masks, cleansing devices, and sun care products; and makeup products for face, eyes, lips, and nails, as well as related items, including compacts, brushes, and other makeup tools.
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