Nykredit A S acquired a new position in shares of The Estee Lauder Companies Inc. (NYSE:EL – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 92,874 shares of the company’s stock, valued at approximately $7,332,000.
Other institutional investors have also bought and sold shares of the company. QV Investors Inc. grew its stake in Estee Lauder Companies by 33.7% during the second quarter. QV Investors Inc. now owns 136,530 shares of the company’s stock worth $10,779,000 after buying an additional 34,410 shares during the last quarter. Headlands Technologies LLC bought a new position in Estee Lauder Companies in the 2nd quarter valued at $515,000. New Mexico Educational Retirement Board increased its stake in shares of Estee Lauder Companies by 14.9% in the 2nd quarter. New Mexico Educational Retirement Board now owns 12,324 shares of the company’s stock valued at $973,000 after buying an additional 1,600 shares during the period. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Estee Lauder Companies during the second quarter worth $135,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Estee Lauder Companies during the second quarter valued at $11,558,000. Institutional investors and hedge funds own 55.15% of the company’s stock.
Insider Activity at Estee Lauder Companies
In related news, VP Rashida La Lande sold 7,766 shares of the firm’s 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 sale, the vice president owned 14,357 shares of the company’s stock, valued at approximately $1,483,365.24. This trade represents a 35.10% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 13.05% of the stock is currently owned by corporate insiders.
Estee Lauder Companies Stock Performance
Estee Lauder Companies (NYSE:EL – Get Free Report) last issued its quarterly earnings data on Wednesday, August 19th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.07. Estee Lauder Companies had a net margin of 1.21% and a return on equity of 23.52%. The firm had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.55 billion. During the same quarter in the previous year, the company earned $0.09 earnings per share. The business’s revenue for the quarter 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. As a group, sell-side analysts forecast that The Estee Lauder Companies Inc. will post 3.3 earnings per share for the current year.
Estee Lauder Companies Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be issued a $0.35 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $1.40 annualized dividend and a dividend yield of 1.3%. Estee Lauder Companies’s payout ratio is 285.71%.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on EL shares. Citigroup raised their price target on Estee Lauder Companies from $110.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, August 20th. UBS Group raised their target price on shares of Estee Lauder Companies from $86.00 to $106.00 and gave the company a “neutral” rating in a research note on Thursday, August 20th. B. Riley Financial reiterated a “neutral” rating and set a $100.00 price target (up from $85.00) on shares of Estee Lauder Companies in a research report on Thursday, August 20th. Zacks Research downgraded shares of Estee Lauder Companies from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $111.00 price objective on shares of Estee Lauder Companies in a report on Monday, August 17th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Estee Lauder Companies has a consensus rating of “Hold” and a consensus target price of $104.67.
Read Our Latest Stock Analysis 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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