NGAM Advisors L.P. increased its position in Estee Lauder Companies, Inc. (The) (NYSE:EL) by 143.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 206,140 shares of the company’s stock after buying an additional 121,360 shares during the period. NGAM Advisors L.P.’s holdings in Estee Lauder Companies, Inc. (The) were worth $19,786,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the company. Osborn Williams & Donohoe LLC increased its position in shares of Estee Lauder Companies, Inc. (The) by 8.5% in the first quarter. Osborn Williams & Donohoe LLC now owns 13,142 shares of the company’s stock worth $1,114,000 after buying an additional 1,025 shares during the period. Trust Co bought a new position in shares of Estee Lauder Companies, Inc. (The) during the fourth quarter worth $361,000. Acropolis Investment Management LLC increased its position in shares of Estee Lauder Companies, Inc. (The) by 6.2% in the first quarter. Acropolis Investment Management LLC now owns 10,515 shares of the company’s stock worth $892,000 after buying an additional 615 shares during the period. CENTRAL TRUST Co increased its position in shares of Estee Lauder Companies, Inc. (The) by 19.8% in the first quarter. CENTRAL TRUST Co now owns 14,384 shares of the company’s stock worth $1,220,000 after buying an additional 2,379 shares during the period. Finally, Rathbone Brothers plc increased its position in shares of Estee Lauder Companies, Inc. (The) by 43.2% in the first quarter. Rathbone Brothers plc now owns 67,046 shares of the company’s stock worth $5,685,000 after buying an additional 20,233 shares during the period. 54.71% of the stock is currently owned by institutional investors.
Estee Lauder Companies, Inc. (The) (NYSE:EL) last posted its quarterly earnings data on Wednesday, May 3rd. The company reported $0.91 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.18. Estee Lauder Companies, Inc. (The) had a return on equity of 33.40% and a net margin of 9.62%. The firm had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.81 billion. During the same period in the previous year, the firm earned $0.73 EPS. The business’s quarterly revenue was up 7.5% on a year-over-year basis.
A number of brokerages recently weighed in on EL. Wells Fargo & Company reissued an “outperform” rating and issued a $106.00 price target (up from $103.00) on shares of Estee Lauder Companies, Inc. (The) in a report on Saturday, July 22nd. Deutsche Bank AG reissued a “buy” rating and issued a $108.00 price target (up from $102.00) on shares of Estee Lauder Companies, Inc. (The) in a report on Saturday, July 22nd. Stifel Nicolaus cut their price target on shares of Estee Lauder Companies, Inc. (The) from $108.00 to $98.00 and set a “buy” rating on the stock in a report on Tuesday, June 6th. Zacks Investment Research raised shares of Estee Lauder Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $107.00 price target on the stock in a report on Tuesday, July 4th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $110.00 price target on shares of Estee Lauder Companies, Inc. (The) in a report on Thursday, July 6th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and fifteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $98.83.
In related news, Director G. Scott Paterson acquired 500,000 shares of the stock in a transaction dated Tuesday, May 9th. The shares were purchased at an average cost of $0.07 per share, with a total value of $35,000.00. Also, major shareholder Ronald S. Foundation Lauder sold 16,667 shares of Estee Lauder Companies, Inc. (The) stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $92.31, for a total value of $1,538,530.77. Following the transaction, the insider now directly owns 83,638 shares in the company, valued at $7,720,623.78. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 95,070 shares of company stock worth $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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