Bard Financial Services Inc. Has $2.40 Million Position in The Estée Lauder Companies Inc. (NYSE:EL)

Bard Financial Services Inc. boosted its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 39.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,305 shares of the company’s stock after buying an additional 10,285 shares during the period. Bard Financial Services Inc.’s holdings in Estée Lauder Companies were worth $2,396,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Terra Alpha Investments LLC boosted its stake in Estée Lauder Companies by 4.8% during the first quarter. Terra Alpha Investments LLC now owns 18,945 shares of the company’s stock worth $1,250,000 after buying an additional 860 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Estée Lauder Companies by 27.0% in the 1st quarter. GAMMA Investing LLC now owns 3,620 shares of the company’s stock valued at $239,000 after purchasing an additional 770 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Estée 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 purchasing an additional 229 shares in the last quarter. Park Avenue Securities LLC boosted its stake in shares of Estée Lauder Companies by 21.5% in the 1st quarter. Park Avenue Securities LLC now owns 5,222 shares of the company’s stock valued at $345,000 after purchasing an additional 924 shares in the last quarter. Finally, OLD National Bancorp IN boosted its stake in shares of Estée Lauder Companies by 22.1% in the 1st quarter. OLD National Bancorp IN now owns 63,677 shares of the company’s stock valued at $4,203,000 after purchasing an additional 11,534 shares in the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

Estée Lauder Companies Stock Performance

Shares of EL stock opened at $70.49 on Wednesday. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.37 and a quick ratio of 0.97. The stock has a market cap of $25.36 billion, a PE ratio of -36.15, a price-to-earnings-growth ratio of 6.09 and a beta of 1.12. The stock has a 50-day moving average of $60.75 and a 200-day moving average of $69.00. The Estée Lauder Companies Inc. has a one year low of $48.37 and a one year high of $119.58.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.36. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The company had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $3.51 billion. During the same period in the prior year, the business posted $0.97 EPS. Estée Lauder Companies’s revenue was down 9.9% on a year-over-year basis. As a group, sell-side analysts expect that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be given a $0.35 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.40 annualized dividend and a dividend yield of 1.99%. Estée Lauder Companies’s dividend payout ratio is presently -57.85%.

Wall Street Analyst Weigh In

EL has been the topic of several recent analyst reports. Wells Fargo & Company reduced their target price on shares of Estée Lauder Companies from $70.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. Barclays boosted their target price on shares of Estée Lauder Companies from $56.00 to $63.00 and gave the company an “equal weight” rating in a research note on Thursday, May 29th. JPMorgan Chase & Co. reduced their target price on shares of Estée Lauder Companies from $72.00 to $61.00 and set a “neutral” rating on the stock in a research note on Friday, April 11th. Piper Sandler restated an “overweight” rating and issued a $75.00 target price (down previously from $92.00) on shares of Estée Lauder Companies in a research note on Friday, May 2nd. Finally, Stifel Nicolaus cut their price target on Estée Lauder Companies from $77.00 to $67.00 and set a “hold” rating for the company in a report on Thursday, April 10th. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Estée Lauder Companies currently has a consensus rating of “Hold” and a consensus target price of $75.15.

About Estée Lauder Companies

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.