The Estée Lauder Companies Inc. (NYSE:EL) Shares Bought by Crystal Rock Capital Management

Crystal Rock Capital Management boosted its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 61.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,988 shares of the company’s stock after acquiring an additional 17,100 shares during the quarter. Estée Lauder Companies accounts for 4.3% of Crystal Rock Capital Management’s portfolio, making the stock its 8th largest position. Crystal Rock Capital Management’s holdings in Estée Lauder Companies were worth $6,579,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Value Star Asset Management Hong Kong Ltd acquired a new stake in Estée Lauder Companies in the 4th quarter valued at $1,755,000. Concord Wealth Partners raised its holdings in Estée Lauder Companies by 9.1% during the fourth quarter. Concord Wealth Partners now owns 1,173 shares of the company’s stock worth $172,000 after acquiring an additional 98 shares in the last quarter. Hartford Funds Management Co LLC acquired a new position in Estée Lauder Companies during the fourth quarter valued at approximately $280,000. Savant Capital LLC bought a new position in Estée Lauder Companies in the fourth quarter valued at approximately $216,000. Finally, Van ECK Associates Corp increased its position in shares of Estée Lauder Companies by 28.9% during the 4th quarter. Van ECK Associates Corp now owns 2,237,975 shares of the company’s stock worth $327,304,000 after purchasing an additional 502,235 shares during the last quarter. Institutional investors own 55.15% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on EL. Raymond James upped their price target on shares of Estée Lauder Companies from $150.00 to $175.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, February 6th. Bernstein Bank boosted their target price on Estée Lauder Companies from $155.00 to $160.00 in a report on Wednesday. Citigroup raised shares of Estée Lauder Companies from a “neutral” rating to a “buy” rating and increased their price objective for the company from $160.00 to $175.00 in a research report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Estée Lauder Companies from $160.00 to $159.00 in a report on Wednesday. Finally, Oppenheimer reiterated a “market perform” rating on shares of Estée Lauder Companies in a research note on Monday, April 15th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Estée Lauder Companies has an average rating of “Hold” and a consensus price target of $168.36.

Estée Lauder Companies Stock Down 13.2 %

EL stock traded down $19.34 during mid-day trading on Wednesday, reaching $127.37. 11,754,245 shares of the company traded hands, compared to its average volume of 2,761,945. The stock has a market cap of $45.66 billion, a price-to-earnings ratio of 95.76, a P/E/G ratio of 3.85 and a beta of 1.07. The Estée Lauder Companies Inc. has a fifty-two week low of $102.22 and a fifty-two week high of $246.48. The firm’s 50 day moving average price is $146.90 and its 200 day moving average price is $138.33. The company has a quick ratio of 0.96, a current ratio of 1.36 and a debt-to-equity ratio of 1.16.

Estée Lauder Companies (NYSE:EL) last posted its earnings results on Wednesday, May 1st. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.49. Estée Lauder Companies had a net margin of 3.08% and a return on equity of 9.78%. The firm had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the prior year, the business posted $0.47 EPS. The business’s revenue was up 5.0% compared to the same quarter last year. As a group, equities research analysts predict that The Estée Lauder Companies Inc. will post 2.23 EPS for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 2.07%. Estée Lauder Companies’s payout ratio is currently 203.08%.

Estée Lauder Companies Profile

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.