Nomura Asset Management Co. Ltd. lessened its position in shares of Estee Lauder Companies Inc (NYSE:EL) by 0.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,282 shares of the company’s stock after selling 487 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Estee Lauder Companies were worth $19,006,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EL. FDx Advisors Inc. purchased a new position in Estee Lauder Companies during the 1st quarter valued at approximately $26,000. Efficient Wealth Management LLC bought a new stake in shares of Estee Lauder Companies in the 1st quarter valued at approximately $27,000. Tradewinds Capital Management LLC bought a new stake in shares of Estee Lauder Companies in the 1st quarter valued at approximately $35,000. NuWave Investment Management LLC lifted its stake in shares of Estee Lauder Companies by 1,215.8% in the 1st quarter. NuWave Investment Management LLC now owns 250 shares of the company’s stock valued at $40,000 after purchasing an additional 231 shares during the last quarter. Finally, Kessler Investment Group LLC bought a new stake in shares of Estee Lauder Companies in the 1st quarter valued at approximately $44,000. Institutional investors and hedge funds own 55.73% of the company’s stock.
EL has been the subject of several analyst reports. Telsey Advisory Group reaffirmed an “outperform” rating on shares of Estee Lauder Companies in a research note on Monday, March 2nd. Morgan Stanley raised their price objective on Estee Lauder Companies from $179.00 to $196.00 and gave the company an “equal weight” rating in a research note on Monday. DA Davidson raised their price objective on Estee Lauder Companies from $150.00 to $183.00 and gave the company a “neutral” rating in a research note on Monday. They noted that the move was a valuation call. JPMorgan Chase & Co. raised their price target on Estee Lauder Companies from $145.00 to $150.00 and gave the stock an “underweight” rating in a research note on Monday, May 4th. Finally, Bank of America reissued a “buy” rating and set a $235.00 price target on shares of Estee Lauder Companies in a research note on Wednesday, February 12th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the company. Estee Lauder Companies presently has an average rating of “Hold” and a consensus target price of $192.95.
In other Estee Lauder Companies news, EVP Alexandra C. Trower sold 5,500 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $163.08, for a total transaction of $896,940.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jane Lauder sold 35,596 shares of the business’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $171.45, for a total value of $6,102,934.20. Following the completion of the transaction, the director now directly owns 82,930 shares of the company’s stock, valued at approximately $14,218,348.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 60,524 shares of company stock worth $10,558,278. 14.68% of the stock is owned by company insiders.
NYSE EL traded down $7.95 on Thursday, reaching $192.48. 37,928 shares of the stock traded hands, compared to its average volume of 2,189,822. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.26 and a current ratio of 1.63. The company has a fifty day moving average price of $179.76 and a 200-day moving average price of $188.97. The company has a market cap of $70.19 billion, a price-to-earnings ratio of 54.91, a PEG ratio of 4.69 and a beta of 0.79. Estee Lauder Companies Inc has a 12 month low of $137.01 and a 12 month high of $220.42.
Estee Lauder Companies (NYSE:EL) last issued its earnings results on Friday, May 1st. The company reported $0.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.12. Estee Lauder Companies had a return on equity of 43.18% and a net margin of 8.43%. The business had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same period in the previous year, the company posted $1.55 EPS. Estee Lauder Companies’s revenue was down 10.7% on a year-over-year basis. As a group, research analysts anticipate that Estee Lauder Companies Inc will post 4.54 earnings per share for the current fiscal year.
Estee Lauder Companies Company Profile
The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.
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