Wellington Management Group LLP Sells 196,010 Shares of The Estee Lauder Companies Inc. $EL

Wellington Management Group LLP lessened its stake in The Estee Lauder Companies Inc. (NYSE:EL) by 71.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 78,594 shares of the company’s stock after selling 196,010 shares during the quarter. Wellington Management Group LLP’s holdings in Estee Lauder Companies were worth $6,205,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of EL. REAP Financial Group LLC acquired a new position in shares of Estee Lauder Companies in the 4th quarter valued at approximately $27,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna acquired a new stake in shares of Estee Lauder Companies during the 4th quarter worth approximately $27,000. Trust Co. of Vermont bought a new position in Estee Lauder Companies in the second quarter valued at approximately $28,000. Kozak & Associates Inc. acquired a new position in Estee Lauder Companies during the second quarter valued at approximately $30,000. Finally, DV Equities LLC acquired a new position in Estee Lauder Companies during the fourth quarter valued at approximately $36,000. Institutional investors own 55.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on EL shares. Citigroup raised their target price on Estee Lauder Companies from $110.00 to $115.00 and gave the company a “buy” rating in a report 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. Wells Fargo & Company upped their price objective on Estee Lauder Companies from $85.00 to $104.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 20th. Weiss Ratings raised Estee Lauder Companies from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, August 21st. Finally, Barclays boosted their target price on Estee Lauder Companies from $80.00 to $97.00 and gave the stock an “equal weight” rating in a research note on Friday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Estee Lauder Companies currently has a consensus rating of “Hold” and an average target price of $104.67.

Estee Lauder Companies Price Performance

Estee Lauder Companies stock opened at $98.64 on Thursday. The stock has a 50-day moving average price of $89.82 and a two-hundred day moving average price of $85.99. The Estee Lauder Companies Inc. has a 12 month low of $66.22 and a 12 month high of $121.64. The company has a market capitalization of $35.69 billion, a PE ratio of 201.31, a P/E/G ratio of 1.18 and a beta of 1.28. The company has a current ratio of 1.22, a quick ratio of 0.90 and a debt-to-equity ratio of 1.79.

Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Wednesday, August 19th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.07. Estee Lauder Companies had a net margin of 1.21% and a return on equity of 23.52%. The company had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.55 billion. During the same quarter in the previous year, the firm posted $0.09 earnings per share. Estee Lauder Companies’s revenue for the quarter was up 6.3% on a year-over-year basis. Estee Lauder Companies has set its FY 2027 guidance at 3.100-3.350 EPS. Analysts expect that The Estee Lauder Companies Inc. will post 3.3 EPS for the current year.

Estee Lauder Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Monday, August 31st. Estee Lauder Companies’s dividend payout ratio (DPR) is currently 285.71%.

Insider Transactions at Estee Lauder Companies

In related news, VP Rashida La Lande sold 7,766 shares of the business’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $103.32, for a total value of $802,383.12. Following the transaction, the vice president owned 14,357 shares in the company, valued at $1,483,365.24. The trade was a 35.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 13.05% of the stock is currently owned by insiders.

Estee Lauder Companies Profile

The Estée Lauder Companies Inc is a global beauty company that develops, manufactures and markets prestige skincare, makeup, fragrance and hair-care products. Its portfolio includes Estée Lauder, Clinique, M·A·C, Bobbi Brown Cosmetics, La Mer, Jo Malone London, Aveda, Tom Ford Beauty and The Ordinary, among other brands.

Founded in 1946 by Estée and Joseph Lauder, the company began with four skincare products and has expanded into a broad international beauty business. Its products are sold through department and specialty stores, freestanding stores, e-commerce platforms, travel retail locations and other distribution channels.

Estée Lauder Companies serves consumers in markets around the world, including North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa.