6,814 Shares in Estee Lauder Companies, Inc. (The) (EL) Acquired by Stevens Capital Management LP

Stevens Capital Management LP bought a new position in shares of Estee Lauder Companies, Inc. (The) (NYSE:EL) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 6,814 shares of the company’s stock, valued at approximately $735,000.

Other hedge funds have also bought and sold shares of the company. Swiss National Bank lifted its holdings in Estee Lauder Companies, Inc. (The) by 3.1% during the second quarter. Swiss National Bank now owns 812,196 shares of the company’s stock worth $77,955,000 after acquiring an additional 24,600 shares in the last quarter. Prudential Financial Inc. lifted its holdings in Estee Lauder Companies, Inc. (The) by 3.5% during the second quarter. Prudential Financial Inc. now owns 323,600 shares of the company’s stock worth $31,060,000 after acquiring an additional 10,921 shares in the last quarter. Comgest Global Investors S.A.S. bought a new position in Estee Lauder Companies, Inc. (The) during the second quarter worth about $2,266,000. Clinton Group Inc. bought a new position in Estee Lauder Companies, Inc. (The) during the second quarter worth about $529,000. Finally, JPMorgan Chase & Co. lifted its holdings in Estee Lauder Companies, Inc. (The) by 146.4% during the second quarter. JPMorgan Chase & Co. now owns 1,301,975 shares of the company’s stock worth $124,963,000 after acquiring an additional 773,666 shares in the last quarter. Hedge funds and other institutional investors own 56.26% of the company’s stock.

Several research firms have weighed in on EL. Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $120.00 target price (up from $110.00) on shares of Estee Lauder Companies, Inc. (The) in a report on Wednesday, September 20th. Royal Bank Of Canada set a $115.00 price target on Estee Lauder Companies, Inc. (The) and gave the company a “buy” rating in a report on Monday, October 23rd. Zacks Investment Research lowered Estee Lauder Companies, Inc. (The) from a “buy” rating to a “hold” rating in a report on Monday, August 21st. Jefferies Group LLC boosted their price target on Estee Lauder Companies, Inc. (The) from $112.00 to $122.00 and gave the company a “hold” rating in a report on Thursday, September 7th. Finally, Piper Jaffray Companies set a $135.00 price target on Estee Lauder Companies, Inc. (The) and gave the company a “buy” rating in a report on Wednesday, November 1st. Seven investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $117.42.

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Estee Lauder Companies, Inc. (EL) opened at $124.61 on Thursday. The firm has a market capitalization of $46,405.10, a P/E ratio of 32.73, a price-to-earnings-growth ratio of 2.43 and a beta of 0.68. The company has a current ratio of 1.75, a quick ratio of 1.27 and a debt-to-equity ratio of 0.71. Estee Lauder Companies, Inc. has a 12-month low of $75.30 and a 12-month high of $126.99.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.24. The firm had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $3.16 billion. Estee Lauder Companies, Inc. (The) had a return on equity of 33.64% and a net margin of 11.30%. The business’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.85 earnings per share. equities analysts forecast that Estee Lauder Companies, Inc. will post 4.16 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Wednesday, November 29th. This is an increase from Estee Lauder Companies, Inc. (The)’s previous quarterly dividend of $0.34. Estee Lauder Companies, Inc. (The)’s payout ratio is 36.76%.

In other news, VP Sara E. Moss sold 3,971 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $108.00, for a total transaction of $428,868.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Barry S. Sternlicht sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $106.30, for a total value of $1,063,000.00. Following the sale, the director now owns 40,982 shares of the company’s stock, valued at approximately $4,356,386.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 798,654 shares of company stock worth $88,467,343. Company insiders own 16.24% of the company’s stock.

Estee Lauder Companies, Inc. (The) Company Profile

The Estee Lauder Companies Inc manufactures and markets skin care, makeup, fragrance and hair care products. The Company offers products, including skin care, makeup, fragrance, hair care and other. The Company operates in beauty products segment. The Company’s products are sold in over 150 countries and territories under brand names, including Estee Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, MAC, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frederic Malle, GLAMGLOW, By Kilian, BECCA and Too Faced.

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Institutional Ownership by Quarter for Estee Lauder Companies, Inc. (The) (NYSE:EL)

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