Engineers Gate Manager LP Grows Stock Holdings in The Estee Lauder Companies Inc. $EL

Engineers Gate Manager LP grew its stake in The Estee Lauder Companies Inc. (NYSE:EL) by 104.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,397 shares of the company’s stock after acquiring an additional 39,457 shares during the period. Engineers Gate Manager LP’s holdings in Estee Lauder Companies were worth $6,110,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. REAP Financial Group LLC purchased a new stake in shares of Estee Lauder Companies in the fourth quarter valued at approximately $27,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna bought a new position in Estee Lauder Companies in the fourth quarter worth approximately $27,000. Trust Co. of Vermont purchased a new position in Estee Lauder Companies during the 2nd quarter worth $28,000. Kozak & Associates Inc. purchased a new position in Estee Lauder Companies during the 2nd quarter worth $30,000. Finally, IFP Advisors Inc raised its position in Estee Lauder Companies by 35.2% during the 2nd quarter. IFP Advisors Inc now owns 415 shares of the company’s stock valued at $33,000 after purchasing an additional 108 shares in the last quarter. 55.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on EL shares. Canaccord Genuity Group upped their target price on Estee Lauder Companies from $85.00 to $90.00 and gave the stock a “hold” rating in a report on Thursday, August 20th. The Goldman Sachs Group raised their price target on Estee Lauder Companies from $100.00 to $112.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Royal Bank Of Canada restated an “outperform” rating and issued a $111.00 price objective on shares of Estee Lauder Companies in a report on Monday, August 17th. Weiss Ratings raised shares of Estee Lauder Companies from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, August 21st. Finally, Piper Sandler increased their target price on shares of Estee Lauder Companies from $95.00 to $115.00 and gave the stock an “overweight” rating in a report on Thursday, August 20th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Estee Lauder Companies presently has a consensus rating of “Hold” and an average price target of $104.67.

Estee Lauder Companies Trading Up 0.5%

Shares of NYSE:EL opened at $96.99 on Friday. The Estee Lauder Companies Inc. has a 12-month low of $66.22 and a 12-month high of $121.64. The business’s fifty day simple moving average is $90.33 and its 200-day simple moving average is $85.95. The company has a market capitalization of $35.09 billion, a PE ratio of 197.95, a P/E/G ratio of 1.12 and a beta of 1.28. The company has a current ratio of 1.22, a quick ratio of 0.90 and a debt-to-equity ratio of 1.79.

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

Estee Lauder Companies Announces Dividend

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 given a $0.35 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.4%. Estee Lauder Companies’s payout ratio is presently 285.71%.

Insider Activity at Estee Lauder Companies

In related news, Director Charlene Barshefsky sold 3,775 shares of the stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $98.82, for a total transaction of $373,045.50. Following the completion of the sale, the director owned 50,971 shares of the company’s stock, valued at $5,036,954.22. This represents a 6.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Rashida La Lande sold 7,766 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $103.32, for a total transaction of $802,383.12. Following the completion of the sale, the vice president owned 14,357 shares of the company’s stock, valued at approximately $1,483,365.24. This trade represents a 35.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 17,105 shares of company stock valued at $1,729,325. 13.05% of the stock is currently owned by company insiders.

Estee Lauder Companies Profile

The Estée Lauder Companies Inc is a global beauty company that develops, manufactures and markets prestige skincare, makeup, fragrance and hair-care products. Its portfolio includes Estée Lauder, Clinique, M·A·C, Bobbi Brown Cosmetics, La Mer, Jo Malone London, Aveda, Tom Ford Beauty and The Ordinary, among other brands.

Founded in 1946 by Estée and Joseph Lauder, the company began with four skincare products and has expanded into a broad international beauty business. Its products are sold through department and specialty stores, freestanding stores, e-commerce platforms, travel retail locations and other distribution channels.

Estée Lauder Companies serves consumers in markets around the world, including North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa.