PARK CIRCLE Co Lowers Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

PARK CIRCLE Co lowered its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 50.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 350 shares of the company’s stock after selling 350 shares during the quarter. PARK CIRCLE Co’s holdings in Estée Lauder Companies were worth $26,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC grew its stake in Estée Lauder Companies by 16.6% during the fourth quarter. Quadrant Capital Group LLC now owns 2,714 shares of the company’s stock valued at $203,000 after acquiring an additional 386 shares in the last quarter. Ilmarinen Mutual Pension Insurance Co bought a new position in shares of Estée Lauder Companies during the 4th quarter valued at about $1,350,000. Russell Investments Group Ltd. grew its position in shares of Estée Lauder Companies by 62.6% during the fourth quarter. Russell Investments Group Ltd. now owns 221,152 shares of the company’s stock valued at $16,573,000 after purchasing an additional 85,151 shares in the last quarter. Resona Asset Management Co. Ltd. bought a new stake in shares of Estée Lauder Companies in the fourth quarter worth about $5,112,000. Finally, Riverwater Partners LLC purchased a new stake in shares of Estée Lauder Companies in the fourth quarter worth about $458,000. Institutional investors own 55.15% of the company’s stock.

Insider Buying and Selling

In other Estée Lauder Companies news, Director Paul J. Fribourg acquired 43,000 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were purchased at an average cost of $66.35 per share, for a total transaction of $2,853,050.00. Following the completion of the purchase, the director now owns 430,800 shares in the company, valued at approximately $28,583,580. This trade represents a 11.09 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Akhil Shrivastava purchased 700 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was bought at an average price of $65.79 per share, for a total transaction of $46,053.00. Following the completion of the acquisition, the chief financial officer now directly owns 2,381 shares in the company, valued at approximately $156,645.99. This trade represents a 41.64 % increase in their position. The disclosure for this purchase can be found here. 12.78% of the stock is owned by insiders.

Estée Lauder Companies Stock Performance

EL stock opened at $52.89 on Friday. The Estée Lauder Companies Inc. has a twelve month low of $51.48 and a twelve month high of $149.91. The firm has a market cap of $18.99 billion, a price-to-earnings ratio of -27.12, a PEG ratio of 6.09 and a beta of 1.10. The business’s fifty day simple moving average is $70.31 and its two-hundred day simple moving average is $76.35. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 1.75.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.32 by $0.30. The company had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.98 billion. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The firm’s revenue was down 6.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.88 EPS. Analysts predict that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current year.

Estée Lauder Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were issued a $0.35 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.65%. Estée Lauder Companies’s payout ratio is -71.79%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on EL shares. Canaccord Genuity Group cut their price target on Estée Lauder Companies from $76.00 to $70.00 and set a “hold” rating for the company in a report on Wednesday, February 5th. Morgan Stanley reduced their price target on shares of Estée Lauder Companies from $85.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. UBS Group increased their price objective on shares of Estée Lauder Companies from $74.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, January 16th. DA Davidson restated a “buy” rating and issued a $81.00 target price on shares of Estée Lauder Companies in a report on Tuesday, February 25th. Finally, Piper Sandler upped their target price on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Twenty investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Estée Lauder Companies presently has a consensus rating of “Hold” and a consensus price target of $86.00.

Estée Lauder Companies Profile

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.