Carroll Financial Associates Inc. boosted its stake in Estee Lauder Companies Inc (NYSE:EL) by 18.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 735 shares of the company’s stock after purchasing an additional 114 shares during the quarter. Carroll Financial Associates Inc.’s holdings in Estee Lauder Companies were worth $121,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Machina Capital S.A.S. purchased a new position in shares of Estee Lauder Companies during the fourth quarter worth approximately $30,000. Contravisory Investment Management Inc. grew its holdings in shares of Estee Lauder Companies by 215.4% in the fourth quarter. Contravisory Investment Management Inc. now owns 369 shares of the company’s stock worth $48,000 after purchasing an additional 252 shares during the last quarter. Glassman Wealth Services grew its holdings in shares of Estee Lauder Companies by 177.5% in the fourth quarter. Glassman Wealth Services now owns 469 shares of the company’s stock worth $61,000 after purchasing an additional 300 shares during the last quarter. JCIC Asset Management Inc. grew its holdings in shares of Estee Lauder Companies by 19.9% in the fourth quarter. JCIC Asset Management Inc. now owns 488 shares of the company’s stock worth $63,000 after purchasing an additional 81 shares during the last quarter. Finally, CWM LLC grew its holdings in shares of Estee Lauder Companies by 200.6% in the fourth quarter. CWM LLC now owns 511 shares of the company’s stock worth $66,000 after purchasing an additional 341 shares during the last quarter. 53.73% of the stock is currently owned by institutional investors and hedge funds.

In other news, EVP Gregory Polcer sold 28,036 shares of the business’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $165.00, for a total transaction of $4,625,940.00. Following the sale, the executive vice president now owns 107,350 shares in the company, valued at approximately $17,712,750. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider John Demsey sold 11,179 shares of the business’s stock in a transaction on Thursday, January 31st. The shares were sold at an average price of $136.02, for a total transaction of $1,520,567.58. Following the sale, the insider now owns 10,288 shares in the company, valued at approximately $1,399,373.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 574,507 shares of company stock worth $89,174,250. Company insiders own 16.13% of the company’s stock.

Several research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $141.00 target price on the stock in a report on Thursday, January 24th. Wells Fargo & Co raised their target price on shares of Estee Lauder Companies from $142.00 to $155.00 and gave the stock a “market perform” rating in a report on Tuesday, April 16th. Stifel Nicolaus raised their target price on shares of Estee Lauder Companies from $157.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Citigroup raised their target price on shares of Estee Lauder Companies from $179.00 to $188.00 and gave the stock a “buy” rating in a report on Tuesday, April 9th. Finally, Argus raised their target price on shares of Estee Lauder Companies to $195.00 and gave the stock a “buy” rating in a report on Friday, April 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $163.13.

NYSE:EL opened at $170.33 on Monday. The firm has a market capitalization of $61.52 billion, a P/E ratio of 37.77, a P/E/G ratio of 2.60 and a beta of 0.72. Estee Lauder Companies Inc has a twelve month low of $121.47 and a twelve month high of $171.39. The company has a current ratio of 1.71, a quick ratio of 1.27 and a debt-to-equity ratio of 0.78.

Estee Lauder Companies (NYSE:EL) last released its quarterly earnings results on Tuesday, February 5th. The company reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.20. Estee Lauder Companies had a net margin of 11.49% and a return on equity of 40.38%. The business had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $3.92 billion. During the same quarter in the previous year, the business posted $1.52 earnings per share. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, analysts predict that Estee Lauder Companies Inc will post 5.07 earnings per share for the current fiscal year.

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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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Institutional Ownership by Quarter for Estee Lauder Companies (NYSE:EL)

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