Quantitative Investment Management LLC Trims Holdings in The Estee Lauder Companies Inc. $EL

Quantitative Investment Management LLC decreased its position in shares of The Estee Lauder Companies Inc. (NYSE:EL) by 26.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,454 shares of the company’s stock after selling 5,206 shares during the period. Quantitative Investment Management LLC’s holdings in Estee Lauder Companies were worth $1,141,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. New Mexico Educational Retirement Board boosted its position in shares of Estee Lauder Companies by 14.9% in the second quarter. New Mexico Educational Retirement Board now owns 12,324 shares of the company’s stock worth $973,000 after purchasing an additional 1,600 shares during the period. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Estee Lauder Companies in the second quarter worth $135,000. Public Employees Retirement System of Ohio bought a new stake in shares of Estee Lauder Companies during the 2nd quarter valued at $11,558,000. Ally Financial Inc. bought a new stake in shares of Estee Lauder Companies during the 2nd quarter valued at $2,684,000. Finally, C M Bidwell & Associates Ltd. purchased a new position in shares of Estee Lauder Companies during the 2nd quarter valued at $280,000. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Insider Activity at Estee Lauder Companies

In other news, VP Lande Rashida La sold 7,766 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $103.32, for a total transaction of $802,383.12. Following the completion of the transaction, the vice president directly owned 14,357 shares in the company, valued at approximately $1,483,365.24. This represents a 35.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 13.05% of the company’s stock.

Estee Lauder Companies Stock Down 0.9%

EL opened at $102.44 on Tuesday. The company has a market capitalization of $37.06 billion, a PE ratio of 209.06, a price-to-earnings-growth ratio of 0.97 and a beta of 1.25. The firm has a 50-day simple moving average of $87.02 and a two-hundred day simple moving average of $86.37. The company has a quick ratio of 0.90, a current ratio of 1.22 and a debt-to-equity ratio of 1.79. The Estee Lauder Companies Inc. has a 52 week low of $66.22 and a 52 week high of $121.64.

Estee Lauder Companies (NYSE:EL) last posted its earnings results on Wednesday, August 19th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.07. Estee Lauder Companies had a return on equity of 23.52% and a net margin of 1.21%.The company had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.55 billion. During the same period in the previous year, the business earned $0.09 earnings per share. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. Estee Lauder Companies has set its FY 2027 guidance at 3.100-3.350 EPS. Analysts forecast that The Estee Lauder Companies Inc. will post 3.3 earnings per share for the current fiscal year.

Estee Lauder Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, August 31st. Estee Lauder Companies’s dividend payout ratio is 285.71%.

Wall Street Analysts Forecast Growth

EL has been the subject of several recent analyst reports. B. Riley Financial reaffirmed a “neutral” rating and issued a $100.00 target price (up from $85.00) on shares of Estee Lauder Companies in a report on Thursday, August 20th. Jefferies Financial Group raised their price target on Estee Lauder Companies from $88.00 to $100.00 and gave the company a “hold” rating in a report on Thursday, August 20th. Citigroup boosted their price objective on Estee Lauder Companies from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, August 20th. Weiss Ratings raised Estee Lauder Companies from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, August 21st. Finally, Telsey Advisory Group increased their target price on Estee Lauder Companies from $90.00 to $108.00 and gave the stock a “market perform” rating in a research report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $104.67.

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.