Ninety One SA PTY Ltd Has $1.58 Million Position in The Estée Lauder Companies Inc. (NYSE:EL)

Ninety One SA PTY Ltd grew its holdings in The Estée Lauder Companies Inc. (NYSE:EL) by 36.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,113 shares of the company’s stock after purchasing an additional 5,623 shares during the quarter. Ninety One SA PTY Ltd’s holdings in Estée Lauder Companies were worth $1,583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Eagle Bay Advisors LLC lifted its stake in Estée Lauder Companies by 297.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock valued at $30,000 after buying an additional 300 shares during the period. Ashton Thomas Securities LLC acquired a new position in shares of Estée Lauder Companies during the 3rd quarter valued at $31,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of Estée Lauder Companies by 42.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company’s stock valued at $36,000 after acquiring an additional 141 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in Estée Lauder Companies in the fourth quarter worth $50,000. Finally, Rakuten Securities Inc. increased its stake in Estée Lauder Companies by 752.9% in the third quarter. Rakuten Securities Inc. now owns 580 shares of the company’s stock valued at $58,000 after purchasing an additional 512 shares in the last quarter. Institutional investors own 55.15% of the company’s stock.

Estée Lauder Companies Stock Down 16.2 %

Estée Lauder Companies stock opened at $69.40 on Wednesday. The firm has a 50 day moving average price of $77.29 and a 200-day moving average price of $83.73. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 1.44. The Estée Lauder Companies Inc. has a twelve month low of $62.29 and a twelve month high of $159.75. The company has a market capitalization of $24.91 billion, a P/E ratio of 123.92, a P/E/G ratio of 5.89 and a beta of 1.03.

Estée Lauder Companies (NYSE:EL) last released its earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.30. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The business had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.98 billion. During the same period last year, the business posted $0.88 earnings per share. The business’s revenue for the quarter was down 6.4% on a year-over-year basis. As a group, equities analysts predict that The Estée Lauder Companies Inc. will post 1.5 EPS for the current year.

Insider Buying and Selling at Estée Lauder Companies

In other Estée Lauder Companies news, Director Paul J. Fribourg bought 77,500 shares of the stock in a transaction on Friday, November 15th. The shares were acquired at an average price of $64.01 per share, with a total value of $4,960,775.00. Following the acquisition, the director now directly owns 234,500 shares of the company’s stock, valued at $15,010,345. The trade was a 49.36 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 12.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. DA Davidson reissued a “buy” rating and set a $81.00 price objective on shares of Estée Lauder Companies in a research report on Wednesday, January 22nd. TD Cowen cut their price target on Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Wells Fargo & Company boosted their price objective on Estée Lauder Companies from $74.00 to $80.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Canaccord Genuity Group cut their target price on Estée Lauder Companies from $100.00 to $75.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Finally, HSBC lowered shares of Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $100.00 price target for the company. in a research note on Wednesday, October 16th. Twenty equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $92.95.

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.