SEB Asset Management AB bought a new position in shares of The Estee Lauder Companies Inc. (NYSE:EL – Free Report) during the first quarter, Holdings Channel.com reports. The fund bought 49,793 shares of the company’s stock, valued at approximately $3,574,000.
Other hedge funds have also recently added to or reduced their stakes in the company. REAP Financial Group LLC acquired a new position in Estee Lauder Companies during the 4th quarter worth approximately $27,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna acquired a new stake in shares of Estee Lauder Companies in the 4th quarter valued at $27,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Estee Lauder Companies in the 4th quarter valued at $32,000. N.E.W. Advisory Services LLC lifted its position in shares of Estee Lauder Companies by 39.1% during the 4th quarter. N.E.W. Advisory Services LLC now owns 324 shares of the company’s stock worth $34,000 after purchasing an additional 91 shares during the last quarter. Finally, DV Equities LLC purchased a new stake in shares of Estee Lauder Companies during the 4th quarter worth $36,000. Institutional investors and hedge funds own 55.15% of the company’s stock.
Estee Lauder Companies Price Performance
Shares of NYSE:EL opened at $82.57 on Thursday. The company’s fifty day moving average price is $83.73 and its 200 day moving average price is $90.62. The Estee Lauder Companies Inc. has a 12 month low of $66.22 and a 12 month high of $121.64. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.27 and a quick ratio of 0.94. The firm has a market capitalization of $29.88 billion, a P/E ratio of -117.96, a P/E/G ratio of 0.64 and a beta of 1.27.
Estee Lauder Companies Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were given a $0.35 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.7%. Estee Lauder Companies’s dividend payout ratio is -200.00%.
Wall Street Analysts Forecast Growth
Several research firms recently commented on EL. Telsey Advisory Group dropped their target price on Estee Lauder Companies from $105.00 to $90.00 and set a “market perform” rating on the stock in a report on Monday, May 4th. JPMorgan Chase & Co. decreased their price target on Estee Lauder Companies from $99.00 to $94.00 and set an “overweight” rating for the company in a report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft lowered their price objective on Estee Lauder Companies from $124.00 to $108.00 and set a “buy” rating for the company in a research report on Monday, March 30th. Zacks Research downgraded Estee Lauder Companies from a “strong-buy” rating to a “hold” rating in a report on Friday, July 10th. Finally, Weiss Ratings cut Estee Lauder Companies from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $98.11.
View Our Latest Research 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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