The Estée Lauder Companies Inc. (NYSE:EL) Position Boosted by Interval Partners LP

Interval Partners LP raised its position in The Estée Lauder Companies Inc. (NYSE:EL) by 186.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 327,433 shares of the company’s stock after purchasing an additional 212,967 shares during the quarter. Estée Lauder Companies accounts for approximately 1.4% of Interval Partners LP’s portfolio, making the stock its 9th largest holding. Interval Partners LP owned about 0.09% of Estée Lauder Companies worth $50,474,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Rakuten Securities Inc. purchased a new position in shares of Estée Lauder Companies in the 4th quarter worth about $26,000. Riverview Trust Co purchased a new stake in shares of Estée Lauder Companies during the 1st quarter valued at about $26,000. Hexagon Capital Partners LLC raised its holdings in shares of Estée Lauder Companies by 103.1% during the 1st quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock valued at $30,000 after buying an additional 99 shares during the period. Crewe Advisors LLC purchased a new stake in shares of Estée Lauder Companies during the 1st quarter valued at about $35,000. Finally, ICA Group Wealth Management LLC purchased a new stake in shares of Estée Lauder Companies during the 4th quarter valued at about $41,000. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

Estée Lauder Companies Stock Performance

Estée Lauder Companies stock traded down $1.27 during mid-day trading on Tuesday, hitting $99.46. 3,140,452 shares of the company’s stock traded hands, compared to its average volume of 2,828,763. The Estée Lauder Companies Inc. has a one year low of $95.87 and a one year high of $183.20. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 1.26. The firm has a 50 day moving average price of $111.98 and a 200 day moving average price of $131.17. The company has a market cap of $35.66 billion, a PE ratio of 55.08, a price-to-earnings-growth ratio of 1.85 and a beta of 0.99.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.49. Estée Lauder Companies had a return on equity of 13.08% and a net margin of 4.18%. The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the previous year, the business earned $0.47 EPS. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, equities analysts forecast that The Estée Lauder Companies Inc. will post 2.21 EPS for the current year.

Estée Lauder Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, May 31st were issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend was Friday, May 31st. Estée Lauder Companies’s payout ratio is 148.32%.

Insider Buying and Selling

In related news, EVP Jane Lauder sold 14,976 shares of Estée Lauder Companies stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $121.26, for a total value of $1,815,989.76. Following the transaction, the executive vice president now directly owns 57,389 shares in the company, valued at approximately $6,958,990.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Jane Lauder sold 14,976 shares of Estée Lauder Companies stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $121.26, for a total transaction of $1,815,989.76. Following the transaction, the executive vice president now owns 57,389 shares in the company, valued at $6,958,990.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Tracey Thomas Travis sold 14,493 shares of Estée Lauder Companies stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $135.73, for a total value of $1,967,134.89. Following the transaction, the chief financial officer now owns 47,248 shares in the company, valued at approximately $6,412,971.04. The disclosure for this sale can be found here. Insiders have sold 42,255 shares of company stock worth $5,453,232 in the last three months. 12.77% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on EL shares. DA Davidson reiterated a “buy” rating and set a $191.00 target price on shares of Estée Lauder Companies in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft lowered their price objective on Estée Lauder Companies from $160.00 to $159.00 in a research note on Wednesday, May 1st. Piper Sandler lowered their price objective on Estée Lauder Companies from $141.00 to $108.00 and set a “neutral” rating for the company in a research note on Thursday, July 11th. Wells Fargo & Company lowered their price objective on Estée Lauder Companies from $163.00 to $130.00 and set an “overweight” rating for the company in a research note on Wednesday, July 10th. Finally, Barclays lowered their price objective on Estée Lauder Companies from $136.00 to $117.00 and set an “equal weight” rating for the company in a research note on Friday, July 19th. Fifteen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Estée Lauder Companies presently has an average rating of “Hold” and an average price target of $147.87.

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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.