355,673 Shares in The Estee Lauder Companies Inc. $EL Purchased by Varenne Capital Partners

Varenne Capital Partners acquired a new position in The Estee Lauder Companies Inc. (NYSE:EL) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 355,673 shares of the company’s stock, valued at approximately $28,061,000. Estee Lauder Companies makes up approximately 4.7% of Varenne Capital Partners’ investment portfolio, making the stock its 8th biggest position. Varenne Capital Partners owned 0.10% of Estee Lauder Companies at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of EL. Bank of America Corp DE increased its holdings in Estee Lauder Companies by 950.9% in the 1st quarter. Bank of America Corp DE now owns 13,843,765 shares of the company’s stock valued at $993,567,000 after buying an additional 12,526,471 shares during the period. Schroder Investment Management Group lifted its holdings in shares of Estee Lauder Companies by 185.3% during the 4th quarter. Schroder Investment Management Group now owns 8,140,550 shares of the company’s stock worth $861,596,000 after acquiring an additional 5,286,875 shares during the period. J. Stern & Co. LLP boosted its position in shares of Estee Lauder Companies by 4,281.3% during the 4th quarter. J. Stern & Co. LLP now owns 4,094,761 shares of the company’s stock worth $4,094,761,000 after acquiring an additional 4,001,300 shares in the last quarter. Norges Bank acquired a new stake in shares of Estee Lauder Companies during the 4th quarter worth approximately $308,912,000. Finally, Wellington Management Group LLP increased its stake in Estee Lauder Companies by 3,986.4% in the third quarter. Wellington Management Group LLP now owns 2,082,217 shares of the company’s stock valued at $183,485,000 after acquiring an additional 2,031,262 shares during the last quarter. Institutional investors own 55.15% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on EL shares. Telsey Advisory Group boosted their price objective on shares of Estee Lauder Companies from $90.00 to $108.00 and gave the company a “market perform” rating in a research report on Thursday, August 20th. Canaccord Genuity Group lifted their price target on Estee Lauder Companies from $85.00 to $90.00 and gave the company a “hold” rating in a research note on Thursday, August 20th. Jefferies Financial Group boosted their price target on Estee Lauder Companies from $88.00 to $100.00 and gave the stock a “hold” rating in a report on Thursday, August 20th. Morgan Stanley upped their price objective on Estee Lauder Companies from $90.00 to $102.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 20th. Finally, JPMorgan Chase & Co. raised their price objective on Estee Lauder Companies from $94.00 to $112.00 and gave the company an “overweight” rating in a research note on Thursday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Estee Lauder Companies has an average rating of “Hold” and an average price target of $104.67.

Insider Buying and Selling

In other news, VP Rashida La Lande sold 7,766 shares of Estee Lauder Companies stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $103.32, for a total transaction of $802,383.12. Following the sale, the vice president directly owned 14,357 shares of the company’s stock, valued at approximately $1,483,365.24. This trade represents a 35.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 13.05% of the company’s stock.

Estee Lauder Companies Stock Performance

NYSE EL opened at $103.81 on Monday. The firm’s fifty day moving average price is $88.55 and its two-hundred day moving average price is $86.21. The stock has a market cap of $37.56 billion, a PE ratio of 211.86, a PEG ratio of 1.20 and a beta of 1.28. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.90 and a current ratio of 1.22. The Estee Lauder Companies Inc. has a fifty-two week low of $66.22 and a fifty-two week high of $121.64.

Estee Lauder Companies (NYSE:EL) last announced its quarterly earnings results on Wednesday, August 19th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.07. Estee Lauder Companies had a return on equity of 23.52% and a net margin of 1.21%.The company had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.55 billion. During the same period in the prior year, the company earned $0.09 EPS. Estee Lauder Companies’s revenue was up 6.3% compared to the same quarter last year. Estee Lauder Companies has set its FY 2027 guidance at 3.100-3.350 EPS. On average, equities analysts expect that The Estee Lauder Companies Inc. will post 3.3 EPS for the current fiscal year.

Estee Lauder Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a $0.35 dividend. The ex-dividend date is Monday, August 31st. This represents a $1.40 annualized dividend and a yield of 1.3%. Estee Lauder Companies’s dividend payout ratio (DPR) is currently 285.71%.

Estee Lauder Companies Company Profile

Estée Lauder Companies Inc (NYSE: EL) is a global leader in prestige beauty that develops, manufactures and markets a broad portfolio of skincare, makeup, fragrance and hair care products. Founded in 1946 by Estée Lauder, the company has grown from a small family business into a multinational consumer-products enterprise headquartered in New York City. Its activities span product research and development, brand and product marketing, manufacturing and global distribution across multiple retail channels.

The company’s portfolio includes a mix of legacy and prestige brands that target different consumer segments and price points, with well-known names such as Estée Lauder, Clinique, MAC, La Mer and Jo Malone among others.