Prospera Financial Services Inc lifted its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL – Get Rating) by 49.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,031 shares of the company’s stock after acquiring an additional 341 shares during the quarter. Prospera Financial Services Inc’s holdings in Estée Lauder Companies were worth $281,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also modified their holdings of the stock. Lowe Brockenbrough & Co. Inc. purchased a new stake in shares of Estée Lauder Companies during the first quarter worth $218,000. Clearstead Advisors LLC grew its stake in shares of Estée Lauder Companies by 8.2% during the first quarter. Clearstead Advisors LLC now owns 2,204 shares of the company’s stock worth $600,000 after purchasing an additional 167 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Estée Lauder Companies by 1.5% during the first quarter. Victory Capital Management Inc. now owns 176,665 shares of the company’s stock worth $47,476,000 after purchasing an additional 2,602 shares in the last quarter. Pictet & Cie Europe SA grew its stake in shares of Estée Lauder Companies by 15.2% during the first quarter. Pictet & Cie Europe SA now owns 26,111 shares of the company’s stock worth $7,111,000 after purchasing an additional 3,439 shares in the last qua rter. Finally, Souders Financial Advisors grew its stake in shares of Estée Lauder Companies by 3.7% during the first quarter. Souders Financial Advisors now owns 9,586 shares of the company’s stock worth $2,611,000 after purchasing an additional 338 shares in the last quarter. Hedge funds and other institutional investors own 58.85% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages recently commented on EL. Oppenheimer reiterated an “outperform” rating and set a $300.00 target price on shares of Estée Lauder Companies in a research note on Tuesday, May 31st. Royal Bank of Canada lowered their target price on shares of Estée Lauder Companies from $361.00 to $322.00 in a research note on Wednesday, May 4th. Stifel Nicolaus lowered their target price on shares of Estée Lauder Companies from $355.00 to $335.00 and set a “buy” rating for the company in a research note on Tuesday, April 5th. Credit Suisse Group decreased their price objective on shares of Estée Lauder Companies from $365.00 to $320.00 in a research note on Wednesday, May 4th. Finally, UBS Group upped their price objective on shares of Estée Lauder Companies to $266.00 in a research note on Friday, July 22nd. Four 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 company’s stock. According to data f rom MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $333.00.
Insider Buying and Selling
In related news, EVP Carl P. Haney sold 548 shares of the stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $263.88, for a total transaction of $144,606.24. Following the completion of the transaction, the executive vice president now directly owns 3,296 shares of the company’s stock, valued at $869,748.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Estée Lauder Companies news, EVP Carl P. Haney sold 548 shares of the stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $263.88, for a total value of $144,606.24. Following the completion of the transaction, the executive vice president now directly owns 3,296 shares of the company’s stock, valued at $869,748.48. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Charlene Barshefsky sold 1,158 shares of the stock in a transact ion dated Wednesday, May 11th. The shares were sold at an average price of $238.34, for a total transaction of $275,997.72. Following the completion of the transaction, the director now directly owns 46,828 shares of the company’s stock, valued at $11,160,985.52. The disclosure for this sale can be found here. Insiders sold 3,671 shares of company stock valued at $888,117 over the last ninety days. Corporate insiders own 12.91% of the company’s stock.
Estée Lauder Companies Trading Down 1.9 %
NYSE EL opened at $268.39 on Wednesday. The stock has a market capitalization of $95.91 billion, a P/E ratio of 29.36, a P/E/G ratio of 3.27 and a beta of 0.98. The Estée Lauder Companies Inc. has a 52 -week low of $225.39 and a 52-week high of $374.20. The firm has a 50-day moving average price of $254.32 and a 200 day moving average price of $268.96. The company has a quick ratio of 1.23, a current ratio of 1.75 and a debt-to-equity ratio of 0.84.
Estée Lauder Companies (NYSE:EL – Get Rating) last posted its quarterly earnings results on Tuesday, May 3rd. The company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.24. The firm had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $4.32 billion. Estée Lauder Companies had a net margin of 18.53% and a return on equity of 45.06%. The firm’s revenue for the quarter was up 9.9% on a year-over -year basis. During the same period in the prior year, the company posted $1.62 earnings per share. Equities research analysts expect that The Estée Lauder Companies Inc. will post 7.14 EPS for the current year.
About Estée Lauder Companies
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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.
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