Legal & General Group Plc Sells 8,974 Shares of The Estee Lauder Companies Inc. $EL

Legal & General Group Plc reduced its stake in The Estee Lauder Companies Inc. (NYSE:EL) by 0.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,687,698 shares of the company’s stock after selling 8,974 shares during the quarter. Legal & General Group Plc’s holdings in Estee Lauder Companies were worth $176,736,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Covenant Asset Management LLC bought a new position in Estee Lauder Companies in the 4th quarter worth $3,634,000. Aberdeen Group plc raised its holdings in Estee Lauder Companies by 13.4% in the 4th quarter. Aberdeen Group plc now owns 201,255 shares of the company’s stock worth $21,075,000 after purchasing an additional 23,717 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in Estee Lauder Companies by 539.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 229,749 shares of the company’s stock worth $20,245,000 after purchasing an additional 193,833 shares during the period. Azzad Asset Management Inc. ADV raised its holdings in Estee Lauder Companies by 55.8% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 26,682 shares of the company’s stock worth $2,351,000 after purchasing an additional 9,559 shares during the period. Finally, HighTower Advisors LLC raised its holdings in Estee Lauder Companies by 44.5% in the 3rd quarter. HighTower Advisors LLC now owns 37,002 shares of the company’s stock worth $3,261,000 after purchasing an additional 11,398 shares during the period. 55.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on EL shares. Piper Sandler started coverage on Estee Lauder Companies in a report on Friday, May 15th. They issued an “overweight” rating and a $95.00 target price on the stock. Zacks Research raised Estee Lauder Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Telsey Advisory Group decreased their target price on Estee Lauder Companies from $105.00 to $90.00 and set a “market perform” rating on the stock in a report on Monday, May 4th. HSBC cut Estee Lauder Companies from a “buy” rating to a “hold” rating and set a $106.00 target price on the stock. in a report on Tuesday, February 10th. Finally, JPMorgan Chase & Co. raised their price target on Estee Lauder Companies from $98.00 to $99.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Estee Lauder Companies currently has a consensus rating of “Moderate Buy” and an average price target of $101.63.

Estee Lauder Companies Price Performance

NYSE:EL opened at $91.23 on Thursday. The company has a quick ratio of 0.94, a current ratio of 1.27 and a debt-to-equity ratio of 1.71. The business’s 50-day simple moving average is $78.02 and its two-hundred day simple moving average is $94.84. The stock has a market cap of $33.01 billion, a PE ratio of -130.33, a P/E/G ratio of 0.89 and a beta of 1.22. The Estee Lauder Companies Inc. has a 52 week low of $64.83 and a 52 week high of $121.64.

Estee Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Friday, May 1st. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.25. The business had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.69 billion. Estee Lauder Companies had a positive return on equity of 20.66% and a negative net margin of 1.67%.The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the firm earned $0.65 earnings per share. Estee Lauder Companies has set its FY 2026 guidance at 2.330-2.430 EPS. As a group, analysts forecast that The Estee Lauder Companies Inc. will post 2.41 EPS for the current fiscal year.

Estee Lauder Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, May 29th. Estee Lauder Companies’s payout ratio is currently -200.00%.

Estee Lauder Companies Company Profile

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.