Raiffeisen Bank International AG Boosts Holdings in The Estee Lauder Companies Inc. $EL

Raiffeisen Bank International AG boosted its stake in The Estee Lauder Companies Inc. (NYSE:EL) by 112.1% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 17,045 shares of the company’s stock after purchasing an additional 9,007 shares during the period. Raiffeisen Bank International AG’s holdings in Estee Lauder Companies were worth $1,353,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EL. REAP Financial Group LLC purchased a new stake in shares of Estee Lauder Companies during the 4th quarter worth approximately $27,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna bought a new stake in shares of Estee Lauder Companies in the 4th quarter worth approximately $27,000. Trust Co. of Vermont purchased a new position in Estee Lauder Companies in the second quarter valued at approximately $28,000. Kozak & Associates Inc. purchased a new position in Estee Lauder Companies in the second quarter valued at approximately $30,000. Finally, DV Equities LLC bought a new position in Estee Lauder Companies during the fourth quarter valued at $36,000. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Estee Lauder Companies

In other news, VP Rashida La Lande sold 7,766 shares of the stock in a transaction on Friday, August 28th. The stock was sold at an average price of $103.32, for a total transaction of $802,383.12. Following the transaction, the vice president directly owned 14,357 shares of the company’s stock, valued at $1,483,365.24. This represents a 35.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 13.05% of the stock is owned by insiders.

Estee Lauder Companies Stock Up 2.9%

Shares of NYSE:EL opened at $103.81 on Friday. The company has a current ratio of 1.22, a quick ratio of 0.90 and a debt-to-equity ratio of 1.79. The stock has a fifty day simple moving average of $88.55 and a two-hundred day simple moving average of $86.37. The Estee Lauder Companies Inc. has a 12-month low of $66.22 and a 12-month high of $121.64. The stock has a market capitalization of $37.56 billion, a price-to-earnings ratio of 211.86, a PEG ratio of 1.20 and a beta of 1.28.

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

Estee Lauder Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders 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 yield of 1.3%. Estee Lauder Companies’s payout ratio is 285.71%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Weiss Ratings raised Estee Lauder Companies from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, August 21st. The Goldman Sachs Group upped their target price on shares of Estee Lauder Companies from $100.00 to $112.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Morgan Stanley boosted their price objective on Estee Lauder Companies from $90.00 to $102.00 and gave the stock an “equal weight” rating in a report on Thursday, August 20th. Sanford C. Bernstein began coverage on Estee Lauder Companies in a research note on Friday, June 12th. They set a “market perform” rating and a $82.00 price target for the company. Finally, Zacks Research cut shares of Estee Lauder Companies from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $104.67.

Estee Lauder Companies Company Profile

Estée Lauder Companies Inc (NYSE: EL) is a global leader in prestige beauty that develops, manufactures and markets a broad portfolio of skincare, makeup, fragrance and hair care products. Founded in 1946 by Estée Lauder, the company has grown from a small family business into a multinational consumer-products enterprise headquartered in New York City. Its activities span product research and development, brand and product marketing, manufacturing and global distribution across multiple retail channels.

The company’s portfolio includes a mix of legacy and prestige brands that target different consumer segments and price points, with well-known names such as Estée Lauder, Clinique, MAC, La Mer and Jo Malone among others.