Headlands Technologies LLC Invests $515,000 in The Estee Lauder Companies Inc. $EL

Headlands Technologies LLC purchased a new position in shares of The Estee Lauder Companies Inc. (NYSE:EL) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 6,529 shares of the company’s stock, valued at approximately $515,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of America Corp DE raised its position in Estee Lauder Companies by 950.9% in the 1st quarter. Bank of America Corp DE now owns 13,843,765 shares of the company’s stock valued at $993,567,000 after purchasing an additional 12,526,471 shares during the last quarter. Schroder Investment Management Group increased its position in Estee Lauder Companies by 185.3% in the 4th quarter. Schroder Investment Management Group now owns 8,140,550 shares of the company’s stock valued at $861,596,000 after acquiring an additional 5,286,875 shares in the last quarter. J. Stern & Co. LLP increased its position in Estee Lauder Companies by 4,281.3% in the 4th quarter. J. Stern & Co. LLP now owns 4,094,761 shares of the company’s stock valued at $4,094,761,000 after acquiring an additional 4,001,300 shares in the last quarter. Norges Bank bought a new position in shares of Estee Lauder Companies in the fourth quarter worth about $308,912,000. Finally, Wellington Management Group LLP raised its stake in shares of Estee Lauder Companies by 3,986.4% in the third quarter. Wellington Management Group LLP now owns 2,082,217 shares of the company’s stock worth $183,485,000 after acquiring an additional 2,031,262 shares during the last quarter. 55.15% of the stock is owned by institutional investors and hedge funds.

Estee Lauder Companies Stock Performance

Estee Lauder Companies stock opened at $101.18 on Thursday. The company has a market cap of $36.61 billion, a PE ratio of 206.49, a PEG ratio of 1.16 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. The Estee Lauder Companies Inc. has a 1 year low of $66.22 and a 1 year high of $121.64. The company’s 50-day moving average is $87.70 and its two-hundred day moving average is $86.30.

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

Estee Lauder Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued 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 payout ratio is currently 285.71%.

Insider Buying and Selling

In other Estee Lauder Companies news, VP Lande Rashida La sold 7,766 shares of the company’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $103.32, for a total transaction of $802,383.12. Following the completion of the sale, the vice president owned 14,357 shares in the company, valued at approximately $1,483,365.24. The trade was a 35.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 13.05% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Sanford C. Bernstein started coverage on shares of Estee Lauder Companies in a research note on Friday, June 12th. They set a “market perform” rating and a $82.00 price target on the stock. Telsey Advisory Group boosted their price objective on shares of Estee Lauder Companies from $90.00 to $108.00 and gave the stock a “market perform” rating in a research report on Thursday, August 20th. B. Riley Financial reaffirmed a “neutral” rating and set a $100.00 price objective (up from $85.00) on shares of Estee Lauder Companies in a report on Thursday, August 20th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $111.00 price objective on shares of Estee Lauder Companies in a research report on Monday, August 17th. Finally, The Goldman Sachs Group lifted their target price on Estee Lauder Companies from $100.00 to $112.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Estee Lauder Companies currently has a consensus rating of “Hold” and an average target price of $104.67.

Estee Lauder Companies Profile

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.