Assenagon Asset Management S.A. Sells 143,829 Shares of The Estee Lauder Companies Inc. $EL

Assenagon Asset Management S.A. reduced its stake in The Estee Lauder Companies Inc. (NYSE:EL) by 85.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,859 shares of the company’s stock after selling 143,829 shares during the period. Assenagon Asset Management S.A.’s holdings in Estee Lauder Companies were worth $1,712,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in EL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Estee Lauder Companies by 4.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,898 shares of the company’s stock worth $1,709,000 after buying an additional 1,177 shares during the period. NewEdge Advisors LLC raised its holdings in Estee Lauder Companies by 33.4% during the 1st quarter. NewEdge Advisors LLC now owns 6,992 shares of the company’s stock valued at $462,000 after buying an additional 1,749 shares during the last quarter. Empowered Funds LLC boosted its position in Estee Lauder Companies by 24.1% during the 1st quarter. Empowered Funds LLC now owns 4,619 shares of the company’s stock valued at $305,000 after buying an additional 898 shares during the period. EverSource Wealth Advisors LLC boosted its position in Estee Lauder Companies by 23.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 997 shares of the company’s stock valued at $81,000 after buying an additional 188 shares during the period. Finally, First Trust Advisors LP grew its holdings in Estee Lauder Companies by 55.5% in the 2nd quarter. First Trust Advisors LP now owns 13,522 shares of the company’s stock worth $1,093,000 after acquiring an additional 4,826 shares during the last quarter. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Estee Lauder Companies Price Performance

Shares of EL opened at $82.28 on Thursday. The stock has a market cap of $29.77 billion, a PE ratio of -117.55, a price-to-earnings-growth ratio of 0.81 and a beta of 1.27. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.94 and a current ratio of 1.27. The Estee Lauder Companies Inc. has a fifty-two week low of $66.22 and a fifty-two week high of $121.64. The firm’s 50-day simple moving average is $82.98 and its two-hundred day simple moving average is $93.09.

Estee Lauder Companies (NYSE:EL) last released its earnings results on Friday, May 1st. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.25. Estee Lauder Companies had a negative net margin of 1.67% and a positive return on equity of 20.66%. The firm had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same period last year, the business earned $0.65 earnings per share. The business’s revenue was up 4.6% on a year-over-year basis. Estee Lauder Companies has set its FY 2026 guidance at 2.330-2.430 EPS. Analysts anticipate that The Estee Lauder Companies Inc. will post 2.41 earnings per share for the current fiscal year.

Estee Lauder Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were paid a dividend of $0.35 per share. The ex-dividend date was Friday, May 29th. This represents a $1.40 dividend on an annualized basis and a yield of 1.7%. Estee Lauder Companies’s payout ratio is presently -200.00%.

Wall Street Analyst Weigh In

EL has been the topic of a number of analyst reports. Citigroup boosted their price objective on shares of Estee Lauder Companies from $92.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. The Goldman Sachs Group started coverage on Estee Lauder Companies in a research note on Monday, June 22nd. They issued a “buy” rating and a $100.00 target price on the stock. Weiss Ratings lowered Estee Lauder Companies from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft dropped their price objective on Estee Lauder Companies from $124.00 to $108.00 and set a “buy” rating for the company in a report on Monday, March 30th. Finally, Sanford C. Bernstein assumed coverage on Estee Lauder Companies in a research note on Friday, June 12th. They set a “market perform” rating and a $82.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $99.90.

About Estee Lauder Companies

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.