TD Asset Management Inc boosted its holdings in The Estee Lauder Companies Inc. (NYSE:EL – Free Report) by 1.4% in the second quarter, Holdings Channel reports. The firm owned 84,899 shares of the company’s stock after purchasing an additional 1,166 shares during the quarter. TD Asset Management Inc’s holdings in Estee Lauder Companies were worth $6,860,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in EL. Farther Finance Advisors LLC grew its position in shares of Estee Lauder Companies by 41.0% in the 1st quarter. Farther Finance Advisors LLC now owns 787 shares of the company’s stock valued at $53,000 after acquiring an additional 229 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Estee Lauder Companies by 27.0% during the 1st quarter. GAMMA Investing LLC now owns 3,620 shares of the company’s stock worth $239,000 after buying an additional 770 shares during the period. Exchange Traded Concepts LLC boosted its holdings in shares of Estee Lauder Companies by 16.5% during the 1st quarter. Exchange Traded Concepts LLC now owns 7,857 shares of the company’s stock worth $519,000 after buying an additional 1,110 shares during the period. QRG Capital Management Inc. boosted its holdings in Estee Lauder Companies by 12.9% in the 1st quarter. QRG Capital Management Inc. now owns 6,126 shares of the company’s stock valued at $404,000 after purchasing an additional 699 shares during the period. Finally, State of Alaska Department of Revenue boosted its holdings in Estee Lauder Companies by 3.0% in the 1st quarter. State of Alaska Department of Revenue now owns 27,406 shares of the company’s stock valued at $1,808,000 after purchasing an additional 790 shares during the period. Institutional investors own 55.15% of the company’s stock.
Insider Buying and Selling at Estee Lauder Companies
In related news, VP Lande Rashida La sold 6,417 shares of the firm’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $91.88, for a total transaction of $589,593.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lynn Forester sold 3,702 shares of the firm’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $91.65, for a total transaction of $339,288.30. Following the transaction, the director directly owned 15,479 shares in the company, valued at $1,418,650.35. The trade was a 19.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 13.05% of the company’s stock.
Estee Lauder Companies Trading Up 4.0%
Estee Lauder Companies (NYSE:EL – Get Free Report) last posted its quarterly earnings data on Wednesday, August 20th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The company had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.36 billion. Estee Lauder Companies had a negative net margin of 7.91% and a positive return on equity of 12.37%. The company’s quarterly revenue was down 11.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.64 EPS. Estee Lauder Companies has set its FY 2026 guidance at 1.900-2.100 EPS. Equities analysts expect that The Estee Lauder Companies Inc. will post 1.36 earnings per share for the current year.
Estee Lauder Companies Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued a dividend of $0.35 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $1.40 annualized dividend and a yield of 1.4%. Estee Lauder Companies’s dividend payout ratio is presently -44.59%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on EL shares. Canaccord Genuity Group boosted their target price on shares of Estee Lauder Companies from $62.00 to $85.00 and gave the company a “hold” rating in a research report on Monday, August 18th. JPMorgan Chase & Co. upped their price objective on shares of Estee Lauder Companies from $99.00 to $114.00 and gave the stock an “overweight” rating in a research report on Friday, October 10th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Estee Lauder Companies from $98.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, August 21st. UBS Group upped their price objective on shares of Estee Lauder Companies from $62.00 to $93.00 and gave the stock a “neutral” rating in a research report on Thursday, July 17th. Finally, Evercore ISI upped their price objective on shares of Estee Lauder Companies from $100.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $91.30.
View Our Latest Stock Report on EL
Estee Lauder Companies Profile
The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, and powders, as well as compacts, brushes, and other makeup tools.
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