43,500 Shares in Estee Lauder Companies Inc (EL) Acquired by Seven Eight Capital LP

Seven Eight Capital LP bought a new stake in Estee Lauder Companies Inc (NYSE:EL) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 43,500 shares of the company’s stock, valued at approximately $6,321,000.

A number of other institutional investors have also recently bought and sold shares of EL. Commonwealth Equity Services LLC raised its position in Estee Lauder Companies by 116.5% in the first quarter. Commonwealth Equity Services LLC now owns 9,364 shares of the company’s stock valued at $1,402,000 after purchasing an additional 5,039 shares during the last quarter. Element Capital Management LLC bought a new position in shares of Estee Lauder Companies during the first quarter worth about $349,000. LPL Financial LLC raised its position in shares of Estee Lauder Companies by 182.2% during the first quarter. LPL Financial LLC now owns 56,433 shares of the company’s stock worth $8,449,000 after acquiring an additional 36,434 shares during the last quarter. CIBC World Markets Inc. raised its position in shares of Estee Lauder Companies by 72.5% during the first quarter. CIBC World Markets Inc. now owns 47,110 shares of the company’s stock worth $7,053,000 after acquiring an additional 19,799 shares during the last quarter. Finally, Rational Advisors LLC bought a new position in shares of Estee Lauder Companies during the first quarter worth about $418,000. Hedge funds and other institutional investors own 56.43% of the company’s stock.

Shares of EL stock opened at $126.77 on Friday. The company has a market capitalization of $47.30 billion, a price-to-earnings ratio of 28.56, a price-to-earnings-growth ratio of 2.16 and a beta of 0.61. The company has a quick ratio of 1.37, a current ratio of 1.86 and a debt-to-equity ratio of 0.71. Estee Lauder Companies Inc has a fifty-two week low of $108.25 and a fifty-two week high of $158.80.

Estee Lauder Companies (NYSE:EL) last issued its earnings results on Monday, August 20th. The company reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.05. The business had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $3.25 billion. Estee Lauder Companies had a return on equity of 36.09% and a net margin of 8.10%. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.51 earnings per share. On average, research analysts anticipate that Estee Lauder Companies Inc will post 4.73 earnings per share for the current year.

In other Estee Lauder Companies news, major shareholder Ronald S. Foundation Lauder sold 15,700 shares of the firm’s stock in a transaction that occurred on Thursday, September 6th. The stock was sold at an average price of $139.32, for a total value of $2,187,324.00. Following the completion of the sale, the insider now owns 82,671 shares of the company’s stock, valued at $11,517,723.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jane Lauder sold 36,334 shares of the firm’s stock in a transaction that occurred on Thursday, August 23rd. The shares were sold at an average price of $133.23, for a total value of $4,840,778.82. Following the completion of the sale, the director now directly owns 45,037 shares of the company’s stock, valued at approximately $6,000,279.51. The disclosure for this sale can be found here. Over the last quarter, insiders sold 107,756 shares of company stock valued at $14,739,082. 16.13% of the stock is currently owned by corporate insiders.

A number of equities analysts have recently issued reports on the company. Piper Jaffray Companies set a $156.00 price objective on Estee Lauder Companies and gave the stock an “overweight” rating in a research report on Tuesday, August 21st. Raymond James raised their price objective on Estee Lauder Companies from $145.00 to $151.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 21st. DA Davidson upgraded Estee Lauder Companies from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $134.00 to $167.00 in a research report on Tuesday, August 21st. Jefferies Financial Group set a $145.00 price objective on Estee Lauder Companies and gave the stock a “hold” rating in a research report on Friday, June 29th. Finally, Deutsche Bank lowered their price objective on Estee Lauder Companies to $159.00 and set a “buy” rating for the company in a research report on Tuesday, August 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-one have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $146.02.

About Estee Lauder Companies

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

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

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