National Asset Management Inc. lessened its stake in shares of Estee Lauder Companies Inc (NYSE:EL) by 16.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,395 shares of the company’s stock after selling 1,084 shares during the period. National Asset Management Inc.’s holdings in Estee Lauder Companies were worth $861,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in EL. Janney Montgomery Scott LLC grew its holdings in Estee Lauder Companies by 12.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 23,467 shares of the company’s stock valued at $4,847,000 after purchasing an additional 2,619 shares during the last quarter. Exane Derivatives grew its holdings in Estee Lauder Companies by 406.3% during the fourth quarter. Exane Derivatives now owns 324 shares of the company’s stock valued at $71,000 after purchasing an additional 260 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in Estee Lauder Companies during the fourth quarter valued at approximately $223,000. Howland Capital Management LLC acquired a new position in Estee Lauder Companies during the fourth quarter valued at approximately $208,000. Finally, Sumitomo Life Insurance Co. grew its holdings in Estee Lauder Companies by 6.8% during the fourth quarter. Sumitomo Life Insurance Co. now owns 7,382 shares of the company’s stock valued at $1,525,000 after purchasing an additional 470 shares during the last quarter. Institutional investors own 54.55% of the company’s stock.
Shares of NYSE EL traded up $0.32 during midday trading on Friday, reaching $178.20. 1,031,833 shares of the company traded hands, compared to its average volume of 1,782,852. The firm has a market cap of $64.04 billion, a PE ratio of 50.34, a PEG ratio of 4.01 and a beta of 0.77. The stock’s 50-day simple moving average is $167.29 and its 200-day simple moving average is $188.35. Estee Lauder Companies Inc has a 12 month low of $137.01 and a 12 month high of $220.42. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.26 and a current ratio of 1.63.
Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Friday, May 1st. The company reported $0.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.12. The company had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.10 billion. Estee Lauder Companies had a return on equity of 43.18% and a net margin of 8.43%. The business’s revenue was down 10.7% on a year-over-year basis. During the same period last year, the business earned $1.55 earnings per share. On average, equities research analysts expect that Estee Lauder Companies Inc will post 4.57 EPS for the current year.
In other Estee Lauder Companies news, Director Jane Lauder sold 35,596 shares of Estee Lauder Companies stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $171.45, for a total transaction of $6,102,934.20. Following the completion of the transaction, the director now directly owns 82,930 shares of the company’s stock, valued at $14,218,348.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Hudis Jane Hertzmark sold 12,601 shares of Estee Lauder Companies stock in a transaction on Monday, May 18th. The shares were sold at an average price of $174.15, for a total value of $2,194,464.15. Following the transaction, the insider now directly owns 43,329 shares of the company’s stock, valued at $7,545,745.35. The disclosure for this sale can be found here. Over the last three months, insiders have sold 53,697 shares of company stock valued at $9,194,338. Company insiders own 14.68% of the company’s stock.
Several brokerages have recently issued reports on EL. Zacks Investment Research downgraded shares of Estee Lauder Companies from a “hold” rating to a “sell” rating and set a $165.00 price objective on the stock. in a research note on Friday, March 20th. Jefferies Financial Group lowered their price objective on shares of Estee Lauder Companies from $190.00 to $170.00 in a research note on Wednesday, March 11th. Goldman Sachs Group restated a “sell” rating and issued a $135.00 price objective (down previously from $175.00) on shares of Estee Lauder Companies in a research note on Thursday, March 19th. Raymond James raised their price objective on shares of Estee Lauder Companies from $179.00 to $188.00 and gave the stock an “outperform” rating in a research note on Monday, May 4th. Finally, Evercore ISI began coverage on shares of Estee Lauder Companies in a research note on Friday, February 7th. They issued a “buy” rating and a $245.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company’s stock. Estee Lauder Companies currently has a consensus rating of “Hold” and an average target price of $187.05.
About Estee Lauder Companies
The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.
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