Seven Eight Capital LP boosted its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL – Free Report) 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
View Our Latest Analysis on Estée Lauder Companies
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 – Get Free Report) 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.
See Also
- Five stocks we like better than Estée Lauder Companies
- Top Stocks Investing in 5G Technology
- Johnson Controls: AI Sleeper Stock Set to Cool Data Centers
- 3 Tickers Leading a Meme Stock Revival
- Maximize Gains: Invest in AST SpaceMobile’s 5G Breakthrough
- How to Know if a Stock Pays Dividends and When They Are Paid Out
- e.l.f. Beauty: The High-Growth Stock You Shouldn’t Ignore
Want to see what other hedge funds are holding EL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Estée Lauder Companies Inc. (NYSE:EL – Free Report).
Receive News & Ratings for Estée Lauder Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Estée Lauder Companies and related companies with MarketBeat.com's FREE daily email newsletter.