Highland Capital Management LLC boosted its position in shares of Estee Lauder Companies Inc (NYSE:EL) by 1.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 49,719 shares of the company’s stock after acquiring an additional 543 shares during the period. Highland Capital Management LLC’s holdings in Estee Lauder Companies were worth $6,326,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Republic Investment Management Inc. grew its holdings in Estee Lauder Companies by 107.3% during the 3rd quarter. First Republic Investment Management Inc. now owns 30,303 shares of the company’s stock worth $3,268,000 after acquiring an additional 15,684 shares in the last quarter. Clinton Group Inc. acquired a new position in Estee Lauder Companies during the 2nd quarter worth approximately $529,000. Caisse DE Depot ET Placement DU Quebec grew its holdings in Estee Lauder Companies by 7.3% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 23,579 shares of the company’s stock worth $2,553,000 after acquiring an additional 1,600 shares in the last quarter. Investec Asset Management LTD grew its holdings in Estee Lauder Companies by 931.2% during the 3rd quarter. Investec Asset Management LTD now owns 1,040,505 shares of the company’s stock worth $112,208,000 after acquiring an additional 939,600 shares in the last quarter. Finally, Hartford Investment Management Co. grew its holdings in Estee Lauder Companies by 3.0% during the 3rd quarter. Hartford Investment Management Co. now owns 50,131 shares of the company’s stock worth $5,406,000 after acquiring an additional 1,473 shares in the last quarter. Institutional investors own 53.55% of the company’s stock.
Several research analysts have commented on the stock. CIBC reiterated an “outperform” rating and set a $148.00 price target (up previously from $130.00) on shares of Estee Lauder Companies in a report on Tuesday. Deutsche Bank assumed coverage on shares of Estee Lauder Companies in a report on Wednesday, December 13th. They set a “hold” rating and a $134.00 price target for the company. Royal Bank of Canada set a $115.00 target price on shares of Estee Lauder Companies and gave the company a “buy” rating in a report on Monday, October 23rd. Piper Jaffray Companies set a $135.00 target price on shares of Estee Lauder Companies and gave the company a “buy” rating in a report on Wednesday, November 1st. Finally, Telsey Advisory Group upped their target price on shares of Estee Lauder Companies from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, October 26th. Seven equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $120.36.
Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $1.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.24. The firm had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $3.16 billion. Estee Lauder Companies had a net margin of 11.30% and a return on equity of 33.64%. Estee Lauder Companies’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.85 EPS. analysts anticipate that Estee Lauder Companies Inc will post 4.21 earnings per share for the current fiscal year.
In related news, insider 1992 Grat Remainder Trust Fbo sold 570,000 shares of the stock in a transaction on Monday, November 20th. The shares were sold at an average price of $125.53, for a total transaction of $71,552,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Sara E. Moss sold 29,873 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $121.16, for a total transaction of $3,619,412.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,566,381 shares of company stock valued at $195,955,337. 16.24% of the stock is owned by company insiders.
About Estee Lauder Companies
The Estee Lauder Companies Inc manufactures and markets skin care, makeup, fragrance and hair care products. The Company offers products, including skin care, makeup, fragrance, hair care and other. The Company operates in beauty products segment. The Company’s products are sold in over 150 countries and territories under brand names, including Estee Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, MAC, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frederic Malle, GLAMGLOW, By Kilian, BECCA and Too Faced.
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