Ninety One North America Inc. Acquires New Position in The Estee Lauder Companies Inc. $EL

Ninety One North America Inc. acquired a new position in shares of The Estee Lauder Companies Inc. (NYSE:EL) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 24,474 shares of the company’s stock, valued at approximately $2,270,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Trust Co. of Vermont bought a new stake in shares of Estee Lauder Companies in the second quarter valued at about $28,000. Kozak & Associates Inc. purchased a new stake in Estee Lauder Companies in the second quarter worth about $30,000. IFP Advisors Inc grew its holdings in Estee Lauder Companies by 35.2% during the 2nd quarter. IFP Advisors Inc now owns 415 shares of the company’s stock worth $33,000 after acquiring an additional 108 shares in the last quarter. Meeder Asset Management Inc. grew its holdings in Estee Lauder Companies by 1,732.5% during the 1st quarter. Meeder Asset Management Inc. now owns 733 shares of the company’s stock worth $53,000 after acquiring an additional 693 shares in the last quarter. Finally, MBM Wealth Consultants LLC bought a new position in Estee Lauder Companies during the 1st quarter worth about $94,000. 55.15% of the stock is owned by institutional investors.

Estee Lauder Companies Stock Up 4.4%

Shares of EL stock traded up $4.50 during trading hours on Thursday, reaching $106.09. 1,236,696 shares of the company’s stock were exchanged, compared to its average volume of 3,783,512. The stock’s 50 day moving average is $96.12 and its 200-day moving average is $86.37. The company has a market cap of $38.38 billion, a price-to-earnings ratio of 216.55, a P/E/G ratio of 1.16 and a beta of 1.27. The company has a current ratio of 1.22, a quick ratio of 0.90 and a debt-to-equity ratio of 1.79. The Estee Lauder Companies Inc. has a fifty-two week low of $66.22 and a fifty-two week high of $121.64.

Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Wednesday, August 19th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.32 by $0.07. The firm had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.55 billion. Estee Lauder Companies had a return on equity of 23.52% and a net margin of 1.21%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.09 EPS. Estee Lauder Companies has set its FY 2027 guidance at 3.100-3.350 EPS. Analysts predict that The Estee Lauder Companies Inc. will post 3.31 earnings per share for the current fiscal year.

Estee Lauder Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Monday, August 31st. Estee Lauder Companies’s dividend payout ratio is currently 285.71%.

Insider Activity at Estee Lauder Companies

In related news, Director Paul J. Fribourg sold 58,000 shares of the stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $98.17, for a total value of $5,693,860.00. Following the completion of the transaction, the director directly owned 417,300 shares of the company’s stock, valued at $40,966,341. This trade represents a 12.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Charlene Barshefsky sold 3,775 shares of Estee Lauder Companies stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $98.82, for a total transaction of $373,045.50. Following the completion of the sale, the director owned 50,971 shares of the company’s stock, valued at $5,036,954.22. This trade represents a 6.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 75,105 shares of company stock valued at $7,423,185 in the last ninety days. Corporate insiders own 11.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on EL shares. Wells Fargo & Company cut their target price on shares of Estee Lauder Companies from $104.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Monday, October 5th. B. Riley Financial reaffirmed a “neutral” rating and issued a $100.00 price target (up from $85.00) on shares of Estee Lauder Companies in a research report on Thursday, August 20th. Canaccord Genuity Group increased their price objective on shares of Estee Lauder Companies from $85.00 to $90.00 and gave the company a “hold” rating in a research note on Thursday, August 20th. Wall Street Zen downgraded shares of Estee Lauder Companies from a “buy” rating to a “hold” rating in a research note on Saturday, September 26th. Finally, Jefferies Financial Group lifted their price objective on shares of Estee Lauder Companies from $88.00 to $100.00 and gave the company a “hold” rating in a report on Thursday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Estee Lauder Companies currently has an average rating of “Hold” and a consensus price target of $105.24.

Estee Lauder Companies Company Profile

The Estée Lauder Companies Inc (NYSE: EL) is a global beauty company that develops, markets and sells prestige skincare, makeup, fragrance and hair care products. Its portfolio includes brands such as Estée Lauder, Clinique, La Mer, MAC, Bobbi Brown, Jo Malone London, Aveda, The Ordinary and Tom Ford Beauty.

The company’s products are distributed through department stores, specialty retailers, freestanding stores, e-commerce platforms, travel retail outlets and other channels. Estée Lauder serves consumers in numerous markets across the Americas, Europe, the Middle East and Africa, and the Asia-Pacific region.

Estée Lauder was founded in 1946 by Estée Lauder and her husband, Joseph Lauder, beginning with a small collection of skincare products.