Employees Retirement System of Texas boosted its stake in Estee Lauder Companies Inc (NYSE:EL) by 7.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,100 shares of the company’s stock after buying an additional 7,000 shares during the period. Employees Retirement System of Texas’ holdings in Estee Lauder Companies were worth $15,436,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of EL. CNB Bank acquired a new stake in Estee Lauder Companies in the fourth quarter worth $141,000. We Are One Seven LLC acquired a new stake in Estee Lauder Companies in the fourth quarter worth $160,000. Captrust Financial Advisors acquired a new stake in Estee Lauder Companies in the fourth quarter worth $186,000. Keel Point LLC acquired a new stake in Estee Lauder Companies in the fourth quarter worth $205,000. Finally, BB&T Corp acquired a new stake in Estee Lauder Companies in the fourth quarter worth $220,000. 54.66% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Estee Lauder Companies opened at $150.82 on Friday, Marketbeat.com reports. Estee Lauder Companies Inc has a fifty-two week low of $92.85 and a fifty-two week high of $153.88. The stock has a market cap of $55.25 billion, a P/E ratio of 43.46, a PEG ratio of 2.46 and a beta of 0.63. The company has a quick ratio of 1.37, a current ratio of 1.82 and a debt-to-equity ratio of 0.71.
Estee Lauder Companies (NYSE:EL) last announced its earnings results on Wednesday, May 2nd. The company reported $1.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.10. Estee Lauder Companies had a return on equity of 35.88% and a net margin of 8.67%. The business had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter last year, the business posted $0.91 earnings per share. The company’s quarterly revenue was up 18.0% on a year-over-year basis. sell-side analysts predict that Estee Lauder Companies Inc will post 4.46 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Thursday, May 31st will be paid a dividend of $0.38 per share. The ex-dividend date is Wednesday, May 30th. This represents a $1.52 annualized dividend and a yield of 1.01%. Estee Lauder Companies’s dividend payout ratio is currently 43.80%.
In related news, major shareholder Ronald S. Foundation Lauder sold 16,447 shares of the stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $138.11, for a total value of $2,271,495.17. Following the completion of the transaction, the insider now owns 83,418 shares in the company, valued at approximately $11,520,859.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Gregory Polcer sold 40,797 shares of the stock in a transaction on Thursday, March 29th. The shares were sold at an average price of $150.00, for a total value of $6,119,550.00. Following the completion of the transaction, the executive vice president now owns 110,706 shares of the company’s stock, valued at approximately $16,605,900. The disclosure for this sale can be found here. Company insiders own 16.24% of the company’s stock.
Several equities research analysts have weighed in on EL shares. Credit Suisse Group started coverage on Estee Lauder Companies in a research report on Monday, March 12th. They issued an “outperform” rating and a $162.00 target price on the stock. Stifel Nicolaus reissued a “buy” rating on shares of Estee Lauder Companies in a report on Wednesday, April 18th. KeyCorp reissued a “buy” rating and set a $150.00 price target on shares of Estee Lauder Companies in a report on Friday, February 2nd. ValuEngine raised Estee Lauder Companies from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, Zacks Investment Research lowered Estee Lauder Companies from a “buy” rating to a “hold” rating in a report on Tuesday, March 27th. Five investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $143.63.
Estee Lauder Companies Profile
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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