New York State Teachers Retirement System Cuts Stock Position in The Estee Lauder Companies Inc. (NYSE:EL)

New York State Teachers Retirement System cut its holdings in shares of The Estee Lauder Companies Inc. (NYSE:EL) by 6.4% in the 1st quarter, HoldingsChannel reports. The firm owned 171,762 shares of the company’s stock after selling 11,773 shares during the quarter. New York State Teachers Retirement System’s holdings in Estee Lauder Companies were worth $11,336,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in EL. Vanguard Group Inc. increased its stake in shares of Estee Lauder Companies by 9.5% during the 4th quarter. Vanguard Group Inc. now owns 27,014,303 shares of the company’s stock worth $2,025,532,000 after purchasing an additional 2,344,210 shares during the last quarter. FMR LLC increased its position in Estee Lauder Companies by 163.8% in the fourth quarter. FMR LLC now owns 14,382,579 shares of the company’s stock worth $1,078,406,000 after buying an additional 8,930,011 shares during the last quarter. Independent Franchise Partners LLP increased its position in Estee Lauder Companies by 45.5% in the fourth quarter. Independent Franchise Partners LLP now owns 7,858,158 shares of the company’s stock worth $589,205,000 after buying an additional 2,458,379 shares during the last quarter. Capital World Investors bought a new stake in shares of Estee Lauder Companies in the fourth quarter valued at $554,509,000. Finally, Invesco Ltd. lifted its position in shares of Estee Lauder Companies by 148.9% during the 4th quarter. Invesco Ltd. now owns 5,481,248 shares of the company’s stock valued at $410,984,000 after buying an additional 3,278,632 shares during the last quarter. 55.15% of the stock is owned by hedge funds and other institutional investors.

Estee Lauder Companies Price Performance

Shares of NYSE EL opened at $88.65 on Friday. The stock’s 50-day simple moving average is $68.62 and its two-hundred day simple moving average is $69.04. The Estee Lauder Companies Inc. has a twelve month low of $48.37 and a twelve month high of $107.57. The firm has a market capitalization of $31.89 billion, a P/E ratio of -36.63, a P/E/G ratio of 6.29 and a beta of 1.17. The company has a quick ratio of 1.02, a current ratio of 1.41 and a debt-to-equity ratio of 1.68.

Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.29 by $0.36. The company had revenue of $2.66 billion during the quarter, compared to analyst estimates of $3.51 billion. Estee Lauder Companies had a positive return on equity of 15.60% and a negative net margin of 5.89%. Estee Lauder Companies’s revenue was down 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.97 earnings per share. As a group, equities analysts anticipate that The Estee Lauder Companies Inc. will post 1.36 EPS for the current fiscal year.

Estee Lauder Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were paid a $0.35 dividend. The ex-dividend date was Friday, May 30th. This represents a $1.40 dividend on an annualized basis and a yield of 1.58%. Estee Lauder Companies’s dividend payout ratio is presently -57.85%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on EL shares. Evercore ISI increased their price target on Estee Lauder Companies from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, June 26th. B. Riley reiterated a “neutral” rating and set a $60.00 target price (down previously from $70.00) on shares of Estee Lauder Companies in a research report on Friday, May 2nd. UBS Group lifted their target price on shares of Estee Lauder Companies from $60.00 to $62.00 and gave the stock a “neutral” rating in a research note on Friday, May 2nd. HSBC upgraded shares of Estee Lauder Companies from a “hold” rating to a “buy” rating and upped their price target for the company from $80.00 to $99.00 in a research note on Friday, June 27th. Finally, Barclays lifted their price objective on shares of Estee Lauder Companies from $56.00 to $63.00 and gave the company an “equal weight” rating in a research note on Thursday, May 29th. Sixteen equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $74.45.

Estee Lauder Companies Profile

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