First Midwest Bank Trust Division cut its position in Estee Lauder Companies, Inc. (The) (NYSE:EL) by 3.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,543 shares of the company’s stock after selling 80 shares during the period. First Midwest Bank Trust Division’s holdings in Estee Lauder Companies, Inc. (The) were worth $244,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. American Beacon Advisors Inc. bought a new position in Estee Lauder Companies, Inc. (The) during the first quarter worth approximately $100,000. Bronfman E.L. Rothschild L.P. boosted its position in Estee Lauder Companies, Inc. (The) by 36.3% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,298 shares of the company’s stock worth $110,000 after buying an additional 346 shares during the period. Israel Discount Bank of New York bought a new position in Estee Lauder Companies, Inc. (The) during the first quarter worth approximately $110,000. First Interstate Bank bought a new position in Estee Lauder Companies, Inc. (The) during the first quarter worth approximately $114,000. Finally, Parallel Advisors LLC increased its position in Estee Lauder Companies, Inc. (The) by 44.4% in the first quarter. Parallel Advisors LLC now owns 1,629 shares of the company’s stock valued at $149,000 after buying an additional 501 shares in the last quarter. 54.71% of the stock is owned by hedge funds and other institutional investors.
Shares of Estee Lauder Companies, Inc. (EL) traded down 0.23% during mid-day trading on Wednesday, hitting $98.38. 532,323 shares of the stock traded hands. The firm’s 50-day moving average is $96.76 and its 200-day moving average is $89.25. Estee Lauder Companies, Inc. has a 52 week low of $75.29 and a 52 week high of $99.82. The stock has a market cap of $36.19 billion, a price-to-earnings ratio of 32.97 and a beta of 0.71.
Estee Lauder Companies, Inc. (The) (NYSE:EL) last posted its earnings results on Wednesday, May 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 earnings per share. The business’s revenue was up 7.5% compared to the same quarter last year. On average, analysts forecast that Estee Lauder Companies, Inc. will post $3.40 earnings per share for the current year.
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Several research firms have recently issued reports on EL. Stifel Nicolaus lowered their price objective on Estee Lauder Companies, Inc. (The) from $108.00 to $98.00 and set a “buy” rating for the company in a research note on Tuesday, June 6th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Estee Lauder Companies, Inc. (The) in a research note on Thursday, April 27th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $110.00 price objective on shares of Estee Lauder Companies, Inc. (The) in a research note on Thursday, July 6th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $108.00 price objective (up previously from $102.00) on shares of Estee Lauder Companies, Inc. (The) in a research note on Saturday, July 22nd. Finally, BidaskClub raised Estee Lauder Companies, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Monday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and sixteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $98.83.
In other news, insider John Demsey sold 27,524 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $97.00, for a total transaction of $2,669,828.00. Following the transaction, the insider now directly owns 27,524 shares of the company’s stock, valued at $2,669,828. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Charlene Barshefsky sold 2,383 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $92.98, for a total value of $221,571.34. Following the transaction, the director now directly owns 4,000 shares in the company, valued at $371,920. The disclosure for this sale can be found here. Insiders have sold 95,070 shares of company stock worth $9,023,304 over the last three months. Insiders own 16.98% of the company’s stock.
About Estee Lauder Companies, Inc. (The)
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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