LS Investment Advisors LLC reduced its stake in Estee Lauder Companies, Inc. (The) (NYSE:EL) by 59.3% during the second quarter, Holdings Channel reports. The institutional investor owned 8,023 shares of the company’s stock after selling 11,669 shares during the period. LS Investment Advisors LLC’s holdings in Estee Lauder Companies, Inc. (The) were worth $770,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Cleararc Capital Inc. raised its position in shares of Estee Lauder Companies, Inc. (The) by 0.9% in the first quarter. Cleararc Capital Inc. now owns 5,035 shares of the company’s stock valued at $427,000 after buying an additional 46 shares during the period. Hudson Valley Investment Advisors Inc. ADV increased its stake in Estee Lauder Companies, Inc. (The) by 0.7% in the first quarter. Hudson Valley Investment Advisors Inc. ADV now owns 8,651 shares of the company’s stock valued at $734,000 after buying an additional 60 shares in the last quarter. Banco Santander S.A. increased its stake in Estee Lauder Companies, Inc. (The) by 0.5% in the first quarter. Banco Santander S.A. now owns 14,169 shares of the company’s stock valued at $1,204,000 after buying an additional 69 shares in the last quarter. Charter Trust Co. increased its stake in Estee Lauder Companies, Inc. (The) by 2.9% in the second quarter. Charter Trust Co. now owns 2,496 shares of the company’s stock valued at $240,000 after buying an additional 70 shares in the last quarter. Finally, Norway Savings Bank increased its stake in Estee Lauder Companies, Inc. (The) by 4.2% in the second quarter. Norway Savings Bank now owns 2,083 shares of the company’s stock valued at $200,000 after buying an additional 83 shares in the last quarter. Institutional investors and hedge funds own 54.70% of the company’s stock.
Estee Lauder Companies, Inc. (EL) opened at 97.95 on Monday. The company has a market capitalization of $36.03 billion, a P/E ratio of 32.83 and a beta of 0.71. Estee Lauder Companies, Inc. has a 1-year low of $75.29 and a 1-year high of $98.40. The firm’s 50-day moving average is $96.15 and its 200-day moving average is $88.00.
Estee Lauder Companies, Inc. (The) (NYSE:EL) last posted its quarterly earnings results on Wednesday, May 3rd. The company reported $0.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.18. The firm had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.81 billion. Estee Lauder Companies, Inc. (The) had a net margin of 9.62% and a return on equity of 33.40%. The business’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.73 earnings per share. Equities research analysts predict that Estee Lauder Companies, Inc. will post $3.40 EPS for the current year.
A number of brokerages recently commented on EL. Wells Fargo & Company reissued an “outperform” rating and issued a $106.00 price objective (up previously from $103.00) on shares of Estee Lauder Companies, Inc. (The) in a research note on Saturday. BidaskClub downgraded Estee Lauder Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Stifel Nicolaus set a $108.00 price objective on shares of Estee Lauder Companies, Inc. (The) and gave the company a “buy” rating in a report on Thursday, July 6th. Bank of America Corporation boosted their price objective on shares of Estee Lauder Companies, Inc. (The) from $100.00 to $105.00 and gave the company a “buy” rating in a report on Monday, July 10th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $108.00 price objective (up from $102.00) on shares of Estee Lauder Companies, Inc. (The) in a report on Saturday. Two analysts have rated the stock with a sell rating, six have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $98.83.
In related news, Director Rose Marie Bravo sold 9,312 shares of the business’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $95.89, for a total value of $892,927.68. Following the completion of the transaction, the director now directly owns 12,576 shares in the company, valued at approximately $1,205,912.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Fabrizio Freda sold 15,880 shares of the business’s stock in a transaction that occurred on Thursday, July 6th. The shares were sold at an average price of $95.08, for a total value of $1,509,870.40. Following the completion of the transaction, the insider now owns 74,188 shares of the company’s stock, valued at $7,053,795.04. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 930,000 shares of company stock valued at $60,800 and sold 95,070 shares valued at $9,023,304. Insiders own 16.98% of the company’s stock.
Estee Lauder Companies, Inc. (The) Company Profile
The Estee Lauder Companies Inc manufactures and markets skin care, makeup, fragrance and hair care products. The Company offers products, including skin care, makeup, fragrance, hair care and other. The Company operates in beauty products segment. The Company’s products are sold in over 150 countries and territories under brand names, including Estee Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, MAC, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frederic Malle, GLAMGLOW, By Kilian, BECCA and Too Faced.
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