Jefferies Financial Group Inc. acquired a new position in The Estee Lauder Companies Inc. (NYSE:EL – Free Report) during the 4th quarter, HoldingsChannel reports. The fund acquired 9,743 shares of the company’s stock, valued at approximately $1,020,000.
Other institutional investors also recently modified their holdings of the company. M&T Bank Corp boosted its holdings in Estee Lauder Companies by 16,270.3% in the fourth quarter. M&T Bank Corp now owns 2,667,208 shares of the company’s stock valued at $279,310,000 after acquiring an additional 2,650,915 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Estee Lauder Companies by 3,181.4% in the third quarter. Victory Capital Management Inc. now owns 2,312,535 shares of the company’s stock valued at $203,781,000 after acquiring an additional 2,242,062 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Estee Lauder Companies by 3,986.4% in the third quarter. Wellington Management Group LLP now owns 2,082,217 shares of the company’s stock valued at $183,485,000 after acquiring an additional 2,031,262 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Estee Lauder Companies by 46.4% in the third quarter. Bank of New York Mellon Corp now owns 6,112,501 shares of the company’s stock valued at $538,634,000 after acquiring an additional 1,937,107 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in Estee Lauder Companies by 1,193.8% in the third quarter. Franklin Resources Inc. now owns 1,521,399 shares of the company’s stock valued at $134,066,000 after acquiring an additional 1,403,807 shares during the last quarter. Institutional investors own 55.15% of the company’s stock.
Estee Lauder Companies Price Performance
Shares of NYSE EL opened at $90.88 on Friday. The firm’s 50-day moving average price is $78.06 and its 200-day moving average price is $94.86. The Estee Lauder Companies Inc. has a 1-year low of $64.83 and a 1-year high of $121.64. The firm has a market capitalization of $32.88 billion, a P/E ratio of -129.82, a P/E/G ratio of 0.94 and a beta of 1.22. The company has a current ratio of 1.27, a quick ratio of 0.94 and a debt-to-equity ratio of 1.71.
Estee Lauder Companies Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.35 per share. The ex-dividend date is Friday, May 29th. This represents a $1.40 annualized dividend and a dividend yield of 1.5%. Estee Lauder Companies’s dividend payout ratio is currently -200.00%.
Analysts Set New Price Targets
Several analysts recently commented on EL shares. HSBC cut Estee Lauder Companies from a “buy” rating to a “hold” rating and set a $106.00 target price on the stock. in a report on Tuesday, February 10th. Citigroup upped their target price on Estee Lauder Companies from $92.00 to $110.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Piper Sandler started coverage on Estee Lauder Companies in a report on Friday, May 15th. They issued an “overweight” rating and a $95.00 target price on the stock. JPMorgan Chase & Co. upped their target price on Estee Lauder Companies from $98.00 to $99.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Finally, Wall Street Zen cut Estee Lauder Companies from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $101.63.
Check Out Our Latest Stock Report on EL
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.
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