Jennison Associates LLC Raises Stock Holdings in The Estee Lauder Companies Inc. $EL

Jennison Associates LLC boosted its stake in shares of The Estee Lauder Companies Inc. (NYSE:EL) by 19.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 374,831 shares of the company’s stock after acquiring an additional 60,275 shares during the quarter. Jennison Associates LLC’s holdings in Estee Lauder Companies were worth $26,902,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in EL. REAP Financial Group LLC acquired a new position in shares of Estee Lauder Companies in the 4th quarter worth approximately $27,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna acquired a new stake in Estee Lauder Companies in the 4th quarter valued at approximately $27,000. Flagship Harbor Advisors LLC purchased a new stake in Estee Lauder Companies in the fourth quarter valued at approximately $32,000. N.E.W. Advisory Services LLC lifted its stake in Estee Lauder Companies by 39.1% during the fourth 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 acquired a new position in Estee Lauder Companies during the fourth quarter worth $36,000. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Estee Lauder Companies Stock Performance

NYSE:EL opened at $83.47 on Tuesday. The firm has a market capitalization of $30.20 billion, a PE ratio of -119.25, a price-to-earnings-growth ratio of 0.64 and a beta of 1.27. The business’s fifty day moving average price is $83.77 and its 200 day moving average price is $90.93. 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 Estee Lauder Companies Inc. has a 12 month low of $66.22 and a 12 month high of $121.64.

Estee Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Friday, May 1st. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.25. The company had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.69 billion. Estee Lauder Companies had a positive return on equity of 20.66% and a negative net margin of 1.67%.Estee Lauder Companies’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the firm earned $0.65 earnings per share. Estee Lauder Companies has set its FY 2026 guidance at 2.330-2.430 EPS. On average, sell-side analysts anticipate that The Estee Lauder Companies Inc. will post 2.41 earnings per share for the current fiscal year.

Estee Lauder Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, May 29th. Estee Lauder Companies’s dividend payout ratio (DPR) is -200.00%.

Wall Street Analyst Weigh In

EL has been the subject of a number of research reports. Zacks Research cut Estee Lauder Companies from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th. Canaccord Genuity Group raised their price target 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. Deutsche Bank Aktiengesellschaft reduced their price target on Estee Lauder Companies from $124.00 to $108.00 and set a “buy” rating on the stock in a research report on Monday, March 30th. The Goldman Sachs Group initiated coverage on Estee Lauder Companies in a research note on Monday, June 22nd. They issued a “buy” rating and a $100.00 price objective for the company. Finally, Wells Fargo & Company boosted their price objective on Estee Lauder Companies from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Estee Lauder Companies currently has an average rating of “Hold” and a consensus price target of $99.16.

Estee Lauder Companies 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.