Victory Capital Management Inc. raised its holdings in The Estee Lauder Companies Inc. (NYSE:EL – Free Report) by 17.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,726,234 shares of the company’s stock after purchasing an additional 413,699 shares during the period. Victory Capital Management Inc.’s holdings in Estee Lauder Companies were worth $285,491,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of the business. REAP Financial Group LLC purchased a new position in shares of Estee Lauder Companies during the fourth quarter valued at approximately $27,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna purchased a new position in shares of Estee Lauder Companies during the fourth quarter valued at approximately $27,000. Flagship Harbor Advisors LLC purchased a new position in shares of Estee Lauder Companies during the fourth quarter valued at approximately $32,000. N.E.W. Advisory Services LLC lifted its stake in shares of Estee Lauder Companies by 39.1% during the fourth quarter. N.E.W. Advisory Services LLC now owns 324 shares of the company’s stock valued at $34,000 after buying an additional 91 shares during the period. Finally, Hantz Financial Services Inc. lifted its stake in shares of Estee Lauder Companies by 80.6% during the third quarter. Hantz Financial Services Inc. now owns 372 shares of the company’s stock valued at $33,000 after buying an additional 166 shares during the period. Hedge funds and other institutional investors own 55.15% of the company’s stock.
Estee Lauder Companies Stock Performance
Shares of EL stock opened at $89.64 on Friday. The Estee Lauder Companies Inc. has a one year low of $66.22 and a one year high of $121.64. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.94 and a current ratio of 1.27. The company has a 50 day moving average price of $80.32 and a 200 day moving average price of $94.58. The firm has a market capitalization of $32.43 billion, a price-to-earnings ratio of -128.05, a price-to-earnings-growth ratio of 0.91 and a beta of 1.26.
Estee Lauder Companies Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, May 29th. Estee Lauder Companies’s dividend payout ratio (DPR) is currently -200.00%.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on EL. Weiss Ratings downgraded shares of Estee Lauder Companies from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 4th. Piper Sandler began coverage on shares of Estee Lauder Companies in a research note on Friday, May 15th. They set an “overweight” rating and a $95.00 price objective on the stock. Zacks Research raised shares of Estee Lauder Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Estee Lauder Companies from $124.00 to $108.00 and set a “buy” rating on the stock in a research note on Monday, March 30th. Finally, Citigroup upped their price target on shares of Estee Lauder Companies from $92.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $100.65.
Check Out Our Latest Report on Estee Lauder Companies
Estee Lauder Companies 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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