Seven Eight Capital LP Has $6.49 Million Position in The Estée Lauder Companies Inc. (NYSE:EL)

Seven Eight Capital LP boosted its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 150.0% during the 2nd quarter, Holdings Channel reports. The firm owned 61,004 shares of the company’s stock after buying an additional 36,603 shares during the period. Estée Lauder Companies comprises about 0.7% of Seven Eight Capital LP’s portfolio, making the stock its 5th biggest holding. Seven Eight Capital LP’s holdings in Estée Lauder Companies were worth $6,491,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in EL. Riverview Trust Co purchased a new stake in shares of Estée Lauder Companies in the first quarter worth about $26,000. Hexagon Capital Partners LLC increased its position in Estée Lauder Companies by 103.1% in the first quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock worth $30,000 after purchasing an additional 99 shares during the last quarter. Crewe Advisors LLC purchased a new stake in Estée Lauder Companies during the first quarter valued at $35,000. Chilton Capital Management LLC raised its position in shares of Estée Lauder Companies by 163.0% during the 1st quarter. Chilton Capital Management LLC now owns 263 shares of the company’s stock valued at $41,000 after buying an additional 163 shares in the last quarter. Finally, Larson Financial Group LLC increased its stake in Estée Lauder Companies by 3,262.5% during the first quarter. Larson Financial Group LLC now owns 269 shares of the company’s stock worth $41,000 after acquiring an additional 261 shares during the last quarter. 55.15% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Lynn Forester sold 3,890 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $93.61, for a total value of $364,142.90. Following the completion of the sale, the director now directly owns 15,209 shares in the company, valued at $1,423,714.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Lynn Forester sold 3,890 shares of Estée Lauder Companies stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $93.61, for a total value of $364,142.90. Following the sale, the director now directly owns 15,209 shares in the company, valued at approximately $1,423,714.49. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Charlene Barshefsky sold 3,437 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total value of $315,963.41. Following the transaction, the director now directly owns 49,800 shares of the company’s stock, valued at approximately $4,578,114. The disclosure for this sale can be found here. 12.77% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on EL shares. Piper Sandler raised Estée Lauder Companies from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $95.00 to $114.00 in a research report on Thursday, August 22nd. Raymond James cut shares of Estée Lauder Companies from a “strong-buy” rating to a “market perform” rating in a research note on Monday, July 22nd. Morgan Stanley dropped their target price on Estée Lauder Companies from $140.00 to $100.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 20th. StockNews.com upgraded Estée Lauder Companies from a “hold” rating to a “buy” rating in a research note on Friday, August 23rd. Finally, Barclays lowered their price objective on shares of Estée Lauder Companies from $136.00 to $117.00 and set an “equal weight” rating for the company in a research report on Friday, July 19th. Thirteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $120.27.

Estée Lauder Companies Price Performance

Shares of NYSE EL opened at $88.10 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.39 and a debt-to-equity ratio of 1.37. The Estée Lauder Companies Inc. has a 52 week low of $82.39 and a 52 week high of $159.75. The business’s 50 day moving average price is $93.85 and its 200 day moving average price is $119.02. The firm has a market cap of $31.59 billion, a P/E ratio of 49.49, a P/E/G ratio of 1.42 and a beta of 1.00.

Estée Lauder Companies (NYSE:EL) last posted its earnings results on Monday, August 19th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.39. The company had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.80 billion. Estée Lauder Companies had a net margin of 2.50% and a return on equity of 16.91%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.07 earnings per share. On average, sell-side analysts expect that The Estée Lauder Companies Inc. will post 2.97 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were issued a $0.66 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.64 dividend on an annualized basis and a yield of 3.00%. Estée Lauder Companies’s payout ratio is 148.31%.

About Estée Lauder Companies

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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.