Oakbrook Investments LLC boosted its position in Estee Lauder Companies Inc (NYSE:EL) by 367.9% during the first quarter, Holdings Channel reports. The firm owned 18,250 shares of the company’s stock after buying an additional 14,350 shares during the period. Oakbrook Investments LLC’s holdings in Estee Lauder Companies were worth $1,547,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Elgethun Capital Management bought a new stake in shares of Estee Lauder Companies during the fourth quarter worth approximately $112,000. Parkside Financial Bank & Trust increased its stake in shares of Estee Lauder Companies by 0.6% in the third quarter. Parkside Financial Bank & Trust now owns 1,448 shares of the company’s stock worth $128,000 after buying an additional 8 shares during the period. FTB Advisors Inc. increased its stake in shares of Estee Lauder Companies by 1.1% in the third quarter. FTB Advisors Inc. now owns 1,637 shares of the company’s stock worth $142,000 after buying an additional 18 shares during the period. SRS Capital Advisors Inc. bought a new stake in shares of Estee Lauder Companies during the fourth quarter worth approximately $142,000. Finally, Norway Savings Bank bought a new stake in shares of Estee Lauder Companies during the first quarter worth approximately $170,000. Hedge funds and other institutional investors own 55.53% of the company’s stock.
Estee Lauder Companies Inc (NYSE:EL) traded up 0.48% during trading on Thursday, reaching $86.03. 1,506,930 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $84.92 and a 200-day moving average price of $82.21. Estee Lauder Companies Inc has a 12 month low of $75.29 and a 12 month high of $97.48. The firm has a market cap of $31.52 billion, a PE ratio of 29.73 and a beta of 0.86.
Estee Lauder Companies (NYSE:EL) last announced its quarterly earnings results on Thursday, February 2nd. The company reported $1.22 EPS for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.05. Estee Lauder Companies had a net margin of 9.50% and a return on equity of 32.36%. The business had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same quarter in the prior year, the business earned $1.22 EPS. Estee Lauder Companies’s quarterly revenue was up 2.7% on a year-over-year basis. On average, analysts forecast that Estee Lauder Companies Inc will post $3.32 earnings per share for the current fiscal year.
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A number of brokerages have recently commented on EL. Zacks Investment Research upgraded Estee Lauder Companies from a “sell” rating to a “hold” rating in a research report on Monday, January 16th. Piper Jaffray Companies upgraded Estee Lauder Companies from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $81.00 to $95.00 in a research report on Thursday, March 2nd. They noted that the move was a valuation call. Royal Bank of Canada set a $107.00 target price on Estee Lauder Companies and gave the company a “buy” rating in a report on Monday, January 2nd. Vetr upgraded Estee Lauder Companies from a “buy” rating to a “strong-buy” rating and set a $94.75 target price for the company in a report on Monday, April 3rd. Finally, Jefferies Group LLC restated a “hold” rating and issued a $91.00 target price (up previously from $87.00) on shares of Estee Lauder Companies in a report on Tuesday. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $96.73.
In other Estee Lauder Companies news, CFO Tracey Thomas Travis sold 6,558 shares of the business’s stock in a transaction dated Wednesday, January 25th. The shares were sold at an average price of $81.16, for a total value of $532,247.28. Following the completion of the sale, the chief financial officer now owns 29,467 shares of the company’s stock, valued at approximately $2,391,541.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Demsey sold 21,010 shares of the business’s stock in a transaction dated Monday, March 13th. The shares were sold at an average price of $85.46, for a total transaction of $1,795,514.60. Following the completion of the sale, the insider now directly owns 21,010 shares of the company’s stock, valued at approximately $1,795,514.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 72,260 shares of company stock worth $6,047,678. 16.98% of the stock is owned by company insiders.
About Estee Lauder Companies
The Estee Lauder Companies Inc manufactures and markets skin care, makeup, fragrance and hair care products. The Company offers products, including skin care, makeup, fragrance, hair care and other. The Company operates in beauty products segment. The Company’s products are sold in over 150 countries and territories under brand names, including Estee Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, MAC, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frederic Malle, GLAMGLOW, By Kilian, BECCA and Too Faced.
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