MainStreet Investment Advisors LLC lifted its position in shares of Estee Lauder Companies Inc (NYSE:EL) by 80.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,976 shares of the company’s stock after purchasing an additional 1,323 shares during the period. MainStreet Investment Advisors LLC’s holdings in Estee Lauder Companies were worth $474,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Aviva PLC increased its stake in shares of Estee Lauder Companies by 0.5% during the 4th quarter. Aviva PLC now owns 145,659 shares of the company’s stock worth $30,085,000 after purchasing an additional 691 shares during the last quarter. Horan Securities Inc. acquired a new position in shares of Estee Lauder Companies during the 1st quarter worth about $54,000. Raymond James & Associates increased its stake in shares of Estee Lauder Companies by 5.7% during the 4th quarter. Raymond James & Associates now owns 525,369 shares of the company’s stock worth $108,519,000 after purchasing an additional 28,383 shares during the last quarter. AXA increased its stake in shares of Estee Lauder Companies by 28.2% during the 4th quarter. AXA now owns 384,131 shares of the company’s stock worth $79,338,000 after purchasing an additional 84,401 shares during the last quarter. Finally, Everence Capital Management Inc. increased its stake in shares of Estee Lauder Companies by 68.0% during the 4th quarter. Everence Capital Management Inc. now owns 4,119 shares of the company’s stock worth $851,000 after purchasing an additional 1,667 shares during the last quarter. Institutional investors own 54.55% of the company’s stock.
Several research analysts have recently weighed in on EL shares. Goldman Sachs Group restated a “sell” rating and set a $135.00 price objective (down from $175.00) on shares of Estee Lauder Companies in a research note on Thursday, March 19th. Telsey Advisory Group reiterated an “outperform” rating on shares of Estee Lauder Companies in a research note on Monday, March 2nd. Morgan Stanley upped their price target on shares of Estee Lauder Companies from $163.00 to $179.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Bank of America reiterated a “buy” rating and issued a $235.00 price target on shares of Estee Lauder Companies in a research note on Wednesday, February 12th. Finally, Jefferies Financial Group decreased their price target on shares of Estee Lauder Companies from $190.00 to $170.00 in a research note on Wednesday, March 11th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. Estee Lauder Companies currently has an average rating of “Hold” and an average price target of $187.05.
Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Friday, May 1st. The company reported $0.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.12. Estee Lauder Companies had a net margin of 8.43% and a return on equity of 43.18%. The company had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the prior year, the firm posted $1.55 EPS. The firm’s quarterly revenue was down 10.7% on a year-over-year basis. On average, equities research analysts expect that Estee Lauder Companies Inc will post 4.57 EPS for the current fiscal year.
In related news, EVP Alexandra C. Trower sold 5,500 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $163.08, for a total value of $896,940.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jane Lauder sold 35,596 shares of the stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $171.45, for a total transaction of $6,102,934.20. Following the completion of the transaction, the director now directly owns 82,930 shares of the company’s stock, valued at approximately $14,218,348.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 53,697 shares of company stock valued at $9,194,338. 14.68% of the stock is currently owned by insiders.
About Estee Lauder Companies
The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.
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