Varenne Capital Partners Invests $28.06 Million in The Estee Lauder Companies Inc. $EL

Varenne Capital Partners acquired a new position in The Estee Lauder Companies Inc. (NYSE:EL) during the 2nd quarter, HoldingsChannel reports. The fund acquired 355,673 shares of the company’s stock, valued at approximately $28,061,000. Estee Lauder Companies accounts for about 4.7% of Varenne Capital Partners’ investment portfolio, making the stock its 8th largest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of EL. HB Wealth Management LLC lifted its holdings in Estee Lauder Companies by 22.5% during the 2nd quarter. HB Wealth Management LLC now owns 5,656 shares of the company’s stock worth $447,000 after buying an additional 1,037 shares during the period. Saudi Central Bank increased its stake in shares of Estee Lauder Companies by 90.7% in the second quarter. Saudi Central Bank now owns 17,305 shares of the company’s stock valued at $1,366,000 after buying an additional 8,230 shares during the period. Three Seasons Wealth LLC bought a new position in shares of Estee Lauder Companies during the second quarter worth about $854,000. Raiffeisen Bank International AG raised its position in shares of Estee Lauder Companies by 112.1% during the second quarter. Raiffeisen Bank International AG now owns 17,045 shares of the company’s stock worth $1,353,000 after acquiring an additional 9,007 shares during the last quarter. Finally, TD Waterhouse Canada Inc. lifted its stake in shares of Estee Lauder Companies by 381.8% in the second quarter. TD Waterhouse Canada Inc. now owns 18,428 shares of the company’s stock worth $1,520,000 after acquiring an additional 14,603 shares during the period. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Estee Lauder Companies

In related news, VP Rashida La Lande sold 7,766 shares of the business’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $103.32, for a total transaction of $802,383.12. Following the transaction, the vice president owned 14,357 shares in the company, valued at $1,483,365.24. The trade was a 35.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 13.05% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently commented on the company. Morgan Stanley upped their target price on Estee Lauder Companies from $90.00 to $102.00 and gave the company an “equal weight” rating in a report on Thursday, August 20th. China Intl Cap upgraded shares of Estee Lauder Companies to a “strong-buy” rating in a report on Sunday, August 30th. Sanford C. Bernstein initiated coverage on shares of Estee Lauder Companies in a research report on Friday, June 12th. They issued a “market perform” rating and a $82.00 price target on the stock. The Goldman Sachs Group upped their price objective on shares of Estee Lauder Companies from $100.00 to $112.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Finally, Jefferies Financial Group increased their price objective on shares of Estee Lauder Companies from $88.00 to $100.00 and gave the stock a “hold” rating in a research report on Thursday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $104.67.

Estee Lauder Companies Stock Down 0.0%

Shares of Estee Lauder Companies stock opened at $103.81 on Monday. The Estee Lauder Companies Inc. has a one year low of $66.22 and a one year high of $121.64. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.22 and a quick ratio of 0.90. The stock’s 50-day moving average is $88.55 and its 200 day moving average is $86.21. The firm has a market cap of $37.56 billion, a price-to-earnings ratio of 211.86, a PEG ratio of 1.20 and a beta of 1.28.

Estee Lauder Companies (NYSE:EL) last released its earnings results on Wednesday, August 19th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.32 by $0.07. The business had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.55 billion. Estee Lauder Companies had a return on equity of 23.52% and a net margin of 1.21%.The firm’s revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.09 earnings per share. Estee Lauder Companies has set its FY 2027 guidance at 3.100-3.350 EPS. Equities research analysts anticipate that The Estee Lauder Companies Inc. will post 3.3 EPS for the current year.

Estee Lauder Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be given a dividend of $0.35 per share. 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 dividend payout ratio (DPR) is 285.71%.

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.