New England Research & Management Inc. Sells 1,855 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

New England Research & Management Inc. lowered its position in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 39.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,830 shares of the company’s stock after selling 1,855 shares during the period. New England Research & Management Inc.’s holdings in Estée Lauder Companies were worth $212,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Public Sector Pension Investment Board increased its stake in Estée Lauder Companies by 72.5% during the 2nd quarter. Public Sector Pension Investment Board now owns 8,996 shares of the company’s stock worth $957,000 after acquiring an additional 3,781 shares during the period. AQR Capital Management LLC increased its stake in Estée Lauder Companies by 103.3% during the 2nd quarter. AQR Capital Management LLC now owns 60,141 shares of the company’s stock worth $6,285,000 after acquiring an additional 30,562 shares during the period. Mackenzie Financial Corp increased its stake in Estée Lauder Companies by 7.3% during the 2nd quarter. Mackenzie Financial Corp now owns 26,500 shares of the company’s stock worth $2,820,000 after acquiring an additional 1,801 shares during the period. Kimelman & Baird LLC bought a new position in Estée Lauder Companies during the 2nd quarter worth $32,000. Finally, Cetera Investment Advisers increased its stake in Estée Lauder Companies by 24.5% during the 2nd quarter. Cetera Investment Advisers now owns 31,051 shares of the company’s stock worth $3,304,000 after acquiring an additional 6,102 shares during the period. Institutional investors own 55.15% of the company’s stock.

Estée Lauder Companies Stock Performance

EL stock opened at $82.33 on Thursday. The stock has a 50-day moving average price of $76.11 and a 200-day moving average price of $84.19. The Estée Lauder Companies Inc. has a 1-year low of $62.29 and a 1-year high of $159.75. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 1.44. The firm has a market cap of $29.55 billion, a PE ratio of 147.01, a price-to-earnings-growth ratio of 5.60 and a beta of 1.02.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.05. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The firm had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.37 billion. During the same period last year, the company posted $0.11 EPS. The business’s quarterly revenue was down 4.5% on a year-over-year basis. As a group, equities research analysts expect that The Estée Lauder Companies Inc. will post 1.51 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EL. Hsbc Global Res downgraded Estée Lauder Companies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 16th. Barclays raised their target price on Estée Lauder Companies from $63.00 to $71.00 and gave the company an “equal weight” rating in a report on Friday, January 17th. Deutsche Bank Aktiengesellschaft reduced their target price on Estée Lauder Companies from $80.00 to $78.00 and set a “hold” rating on the stock in a report on Wednesday, January 22nd. Canaccord Genuity Group reduced their target price on Estée Lauder Companies from $100.00 to $75.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Finally, DA Davidson reaffirmed a “buy” rating and issued a $81.00 target price on shares of Estée Lauder Companies in a report on Wednesday, January 22nd. Twenty investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Estée Lauder Companies currently has an average rating of “Hold” and an average target price of $92.68.

Insider Activity at Estée Lauder Companies

In related news, CEO Fabrizio Freda sold 10,969 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $67.76, for a total value of $743,259.44. Following the completion of the sale, the chief executive officer now directly owns 295,838 shares of the company’s stock, valued at $20,045,982.88. The trade was a 3.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Paul J. Fribourg bought 75,500 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average cost of $64.93 per share, with a total value of $4,902,215.00. Following the completion of the transaction, the director now directly owns 310,000 shares in the company, valued at $20,128,300. This represents a 32.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 12.78% of the stock is currently owned by corporate insiders.

Estée Lauder Companies Profile

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