NorthCrest Asset Manangement LLC Acquires Shares of 1,265 The Estée Lauder Companies Inc. (NYSE:EL)

NorthCrest Asset Manangement LLC acquired a new stake in shares of The Estée Lauder Companies Inc. (NYSE:ELGet Rating) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,265 shares of the company’s stock, valued at approximately $468,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bell Investment Advisors Inc acquired a new position in shares of Estée Lauder Companies in the 3rd quarter worth approximately $25,000. Harbor Investment Advisory LLC boosted its holdings in shares of Estée Lauder Companies by 73.9% in the 4th quarter. Harbor Investment Advisory LLC now owns 80 shares of the company’s stock worth $30,000 after acquiring an additional 34 shares in the last quarter. Mascoma Wealth Management LLC boosted its holdings in shares of Estée Lauder Companies by 8,400.0% in the 4th quarter. Mascoma Wealth Management LLC now owns 85 shares of the company’s stock worth $31,000 after acquiring an additional 84 shares in the last quarter. Evolution Wealth Advisors LLC boosted its holdings in shares of Estée Lauder Companies by 112.8% in the 3rd quarter. Evolution Wealth Advisors LLC now owns 166 shares of the company’s stock worth $50,000 after acquiring an additional 88 shares in the last quarter. Finally, Allworth Financial LP boosted its holdings in shares of Estée Lauder Companies by 119.4% in the 4th quarter. Allworth Financial LP now owns 147 shares of the company’s stock worth $54,000 after acquiring an additional 80 shares in the last quarter. 58.85% of the stock is currently owned by institutional investors.

In related news, insider John Demsey sold 23,248 shares of the company’s stock in a transaction on Friday, February 4th. The shares were sold at an average price of $314.10, for a total value of $7,302,196.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Carl P. Haney sold 1,152 shares of the company’s stock in a transaction on Tuesday, February 15th. The stock was sold at an average price of $307.94, for a total transaction of $354,746.88. The disclosure for this sale can be found here. Insiders sold a total of 50,816 shares of company stock valued at $15,940,998 in the last three months. 13.95% of the stock is owned by company insiders.

Shares of Estée Lauder Companies stock opened at $257.26 on Thursday. The Estée Lauder Companies Inc. has a 52 week low of $227.49 and a 52 week high of $374.20. The stock has a market capitalization of $92.27 billion, a price-to-earnings ratio of 28.15, a PEG ratio of 3.15 and a beta of 1.04. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.27 and a current ratio of 1.73. The firm has a fifty day moving average of $271.62 and a two-hundred day moving average of $312.01.

Estée Lauder Companies (NYSE:ELGet Rating) last announced its quarterly earnings results on Tuesday, May 3rd. The company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.23. Estée Lauder Companies had a net margin of 18.35% and a return on equity of 44.71%. The company had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.32 billion. During the same quarter in the previous year, the business earned $1.62 EPS. The firm’s revenue was up 9.9% on a year-over-year basis. As a group, research analysts forecast that The Estée Lauder Companies Inc. will post 7.53 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Tuesday, May 31st will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Friday, May 27th. Estée Lauder Companies’s dividend payout ratio (DPR) is 26.26%.

Several research analysts have recently commented on the company. JPMorgan Chase & Co. reduced their target price on Estée Lauder Companies from $338.00 to $317.00 and set an “overweight” rating on the stock in a report on Wednesday, March 30th. Piper Sandler dropped their price objective on shares of Estée Lauder Companies from $380.00 to $350.00 and set an “overweight” rating for the company in a research report on Tuesday, April 19th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Estée Lauder Companies from $289.00 to $274.00 in a research report on Wednesday. Stifel Nicolaus dropped their price objective on shares of Estée Lauder Companies from $355.00 to $335.00 and set a “buy” rating for the company in a research report on Tuesday, April 5th. Finally, Oppenheimer dropped their price objective on shares of Estée Lauder Companies from $350.00 to $300.00 and set an “outperform” rating for the company in a research report on Wednesday, March 16th. Five analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $342.45.

Estée Lauder Companies Profile (Get Rating)

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. The company offers a range of skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, cleansing devices, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.

See Also

Institutional Ownership by Quarter for Estée Lauder Companies (NYSE:EL)

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