North Star Investment Management Corp. Increases Stock Position in The Estée Lauder Companies Inc. (NYSE:EL)

Posted by Defense World Staff on Jul 17th, 2023

North Star Investment Management Corp. boosted its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL – Free Report) by 1,275.0% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 110 shares of the company’s stock after acquiring an additional 102 shares during the period. North Star Investment Management Corp.’s holdings in Estée Lauder Companies were worth $27,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Heritage Wealth Management LLC grew its holdings in Estée Lauder Companies by 100.0% in the 4th quarter. Heritage Wealth Management LLC now owns 104 shares of the company’s stock valued at $26,000 after buying an additional 52 shares in the last quarter. Thompson Siegel & Walmsley LLC acquired a new stake in shares of Estée Lauder Companies in the fourth quarter valued at $27,000. Newbridge Financial Services Group Inc. raised its position in Estée Lauder Companies by 52.6% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 116 shares of the company’s stock valued at $29,000 after purchasing an additional 40 shares in the last quarter. Mizuho Securities Co. Ltd. raised its holdings in shares of Estée Lauder Companies by 614.3% in the 4th quarter. Mizuho Securities Co. Ltd. now owns 150 shares of the company’s stock valued at $37,000 after purchasing an additional 129 shares in the last quarter. Finally, Elequin Securities LLC purchased a new stake in Estée Lauder Companies during the 4th quarter worth about $37,000. 57.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on EL shares. Citigroup cut their target price on Estée Lauder Companies from $295.00 to $240.00 in a research report on Thursday, May 4th. Bank of America lowered their price target on shares of Estée Lauder Companies from $235.00 to $205.00 in a research note on Tuesday, June 20th. Oppenheimer downgraded Estée Lauder Companies from an “outperform” rating to a “market perform” rating in a research note on Monday, June 5th. Berenberg Bank upgraded shares of Estée Lauder Companies from a “hold” rating to a “buy” rating and set a $243.00 target price for the company in a research report on Wednesday, June 14th. Finally, Barclays decreased their price objective on Estée Lauder Companies from $230.00 to $210.00 in a research note on Thursday, June 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $264.83.

Insiders Place Their Bets

In related news, insider Hudis Jane Hertzmark sold 9,869 shares of the company’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $199.95, for a total value of $1,973,306.55. Following the completion of the sale, the insider now owns 11,406 shares in the company, valued at approximately $2,280,629.70. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 12.75% of the company’s stock.

Estée Lauder Companies Stock Performance

Shares of NYSE:EL opened at $193.63 on Monday. The business has a fifty day moving average of $193.44 and a 200-day moving average of $230.65. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.06 and a current ratio of 1.46. The Estée Lauder Companies Inc. has a twelve month low of $175.05 and a twelve month high of $284.45. The firm has a market cap of $69.21 billion, a PE ratio of 64.33, a price-to-earnings-growth ratio of 4.31 and a beta of 1.02.

Estée Lauder Companies (NYSE:EL – Get Free Report) last announced its quarterly earnings data on Wednesday, May 3rd. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.04). Estée Lauder Companies had a net margin of 6.88% and a return on equity of 23.99%. The business had revenue of $3.75 billion during the quarter, compared to analyst estimates of $3.70 billion. During the same quarter in the prior year, the company earned $1.90 earnings per share. The company’s quarterly revenue was down 11.7% on a year-over-year basis. On average, equities research analysts predict that The Estée Lauder Companies Inc. will post 3.35 EPS for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st were paid a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Tuesday, May 30th. Estée Lauder Companies’s payout ratio is presently 87.71%.

Estée Lauder Companies Company Profile

(Free Report)

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers a range of skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, cleansing devices, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.