The Estee Lauder Companies Inc. $EL Stock Holdings Boosted by Westpac Banking Corp

Westpac Banking Corp increased its position in The Estee Lauder Companies Inc. (NYSE:EL) by 305.7% during the first quarter, Holdings Channel reports. The fund owned 12,458 shares of the company’s stock after purchasing an additional 9,387 shares during the quarter. Westpac Banking Corp’s holdings in Estee Lauder Companies were worth $894,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. ABN Amro Investment Solutions acquired a new stake in shares of Estee Lauder Companies in the first quarter valued at approximately $637,000. Andra AP fonden raised its holdings in shares of Estee Lauder Companies by 418.4% during the first quarter. Andra AP fonden now owns 217,730 shares of the company’s stock valued at $15,626,000 after buying an additional 175,730 shares during the last quarter. Long Road Investment Counsel LLC boosted its position in shares of Estee Lauder Companies by 6.2% during the first quarter. Long Road Investment Counsel LLC now owns 34,484 shares of the company’s stock worth $2,475,000 after buying an additional 2,000 shares during the period. Meeder Asset Management Inc. boosted its position in shares of Estee Lauder Companies by 1,732.5% during the first quarter. Meeder Asset Management Inc. now owns 733 shares of the company’s stock worth $53,000 after buying an additional 693 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Estee Lauder Companies by 44.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,192,531 shares of the company’s stock worth $85,559,000 after buying an additional 365,651 shares in the last quarter. 55.15% of the stock is owned by institutional investors and hedge funds.

Estee Lauder Companies Stock Performance

Shares of NYSE EL opened at $82.57 on Thursday. The stock has a fifty day moving average price of $83.73 and a two-hundred day moving average price of $90.62. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.94 and a current ratio of 1.27. The firm has a market cap of $29.88 billion, a P/E ratio of -117.96, a PEG ratio of 0.64 and a beta of 1.27. The Estee Lauder Companies Inc. has a 1 year low of $66.22 and a 1 year high of $121.64.

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

Estee Lauder Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Friday, May 29th. Estee Lauder Companies’s payout ratio is presently -200.00%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on EL shares. Zacks Research downgraded Estee Lauder Companies from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th. TD Cowen increased their price target on Estee Lauder Companies from $85.00 to $90.00 and gave the stock a “hold” rating in a research note on Tuesday. Wells Fargo & Company raised their price target on Estee Lauder Companies from $75.00 to $85.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Barclays lifted their price objective on shares of Estee Lauder Companies from $75.00 to $80.00 and gave the company an “equal weight” rating in a research note on Tuesday. Finally, Telsey Advisory Group decreased their target price on shares of Estee Lauder Companies from $105.00 to $90.00 and set a “market perform” rating for the company in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $98.11.

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.