The Estee Lauder Companies Inc. $EL Shares Purchased by Saudi Central Bank

Saudi Central Bank grew its position in shares of The Estee Lauder Companies Inc. (NYSE:EL) by 90.7% during the 2nd quarter, Holdings Channel reports. The firm owned 17,305 shares of the company’s stock after purchasing an additional 8,230 shares during the period. Saudi Central Bank’s holdings in Estee Lauder Companies were worth $1,366,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. New Mexico Educational Retirement Board raised its holdings in Estee Lauder Companies by 0.9% during the 4th quarter. New Mexico Educational Retirement Board now owns 10,724 shares of the company’s stock worth $1,123,000 after buying an additional 100 shares during the period. Allworth Financial LP raised its holdings in shares of Estee Lauder Companies by 6.6% during the fourth quarter. Allworth Financial LP now owns 1,789 shares of the company’s stock valued at $187,000 after acquiring an additional 110 shares during the period. Parkside Financial Bank & Trust boosted its stake in Estee Lauder Companies by 17.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 743 shares of the company’s stock worth $78,000 after purchasing an additional 113 shares during the period. Valeo Financial Advisors LLC grew its position in Estee Lauder Companies by 4.4% during the 4th quarter. Valeo Financial Advisors LLC now owns 2,806 shares of the company’s stock worth $294,000 after purchasing an additional 117 shares in the last quarter. Finally, Cullen Frost Bankers Inc. lifted its holdings in shares of Estee Lauder Companies by 0.8% in the fourth quarter. Cullen Frost Bankers Inc. now owns 14,462 shares of the company’s stock valued at $1,514,000 after purchasing an additional 118 shares in the last quarter. Institutional investors own 55.15% of the company’s stock.

Analyst Ratings Changes

EL has been the topic of several research analyst reports. B. Riley Financial reaffirmed a “neutral” rating and set a $100.00 target price (up from $85.00) on shares of Estee Lauder Companies in a research note on Thursday, August 20th. UBS Group increased their target price on shares of Estee Lauder Companies from $86.00 to $106.00 and gave the stock a “neutral” rating in a research report on Thursday, August 20th. Royal Bank Of Canada reissued an “outperform” rating and set a $111.00 price objective on shares of Estee Lauder Companies in a research report on Monday, August 17th. The Goldman Sachs Group raised their price target on Estee Lauder Companies from $100.00 to $112.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Finally, Telsey Advisory Group raised their price objective on shares of Estee Lauder Companies from $90.00 to $108.00 and gave the company a “market perform” rating in a research report on Thursday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Estee Lauder Companies currently has an average rating of “Hold” and an average target price of $104.67.

Insiders Place Their Bets

In related news, VP Rashida La Lande sold 7,766 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $103.32, for a total transaction of $802,383.12. Following the sale, the vice president owned 14,357 shares of the company’s stock, valued at $1,483,365.24. This represents a 35.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 13.05% of the company’s stock.

Estee Lauder Companies Price Performance

Estee Lauder Companies stock opened at $101.66 on Wednesday. The business’s fifty day moving average is $89.49 and its two-hundred day moving average is $86.09. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.90 and a current ratio of 1.22. The firm has a market cap of $36.78 billion, a P/E ratio of 207.47, a P/E/G ratio of 1.20 and a beta of 1.28. The Estee Lauder Companies Inc. has a 52 week low of $66.22 and a 52 week high of $121.64.

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

Estee Lauder Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given 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 285.71%.

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.