Amalgamated Bank Buys 517 Shares of The Estee Lauder Companies Inc. (NYSE:EL)

Amalgamated Bank lifted its stake in The Estee Lauder Companies Inc. (NYSE:EL) by 1.1% during the first quarter, Holdings Channel reports. The fund owned 46,798 shares of the company’s stock after acquiring an additional 517 shares during the quarter. Amalgamated Bank’s holdings in Estee Lauder Companies were worth $3,089,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Smartleaf Asset Management LLC raised its stake in shares of Estee Lauder Companies by 47.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 479 shares of the company’s stock valued at $36,000 after acquiring an additional 154 shares in the last quarter. Utah Retirement Systems increased its position in Estee Lauder Companies by 0.5% in the 4th quarter. Utah Retirement Systems now owns 38,236 shares of the company’s stock worth $2,867,000 after buying an additional 200 shares during the period. First Hawaiian Bank increased its position in Estee Lauder Companies by 2.9% in the 1st quarter. First Hawaiian Bank now owns 7,200 shares of the company’s stock worth $475,000 after buying an additional 200 shares during the period. Allspring Global Investments Holdings LLC increased its position in Estee Lauder Companies by 2.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 10,948 shares of the company’s stock worth $743,000 after buying an additional 210 shares during the period. Finally, Golden State Wealth Management LLC increased its position in Estee Lauder Companies by 57.3% in the 1st quarter. Golden State Wealth Management LLC now owns 626 shares of the company’s stock worth $41,000 after buying an additional 228 shares during the period. 55.15% of the stock is owned by institutional investors.

Estee Lauder Companies Stock Performance

EL opened at $88.65 on Friday. The stock’s 50 day simple moving average is $69.20 and its 200-day simple moving average is $69.12. The company has a current ratio of 1.41, a quick ratio of 1.02 and a debt-to-equity ratio of 1.68. The stock has a market cap of $31.89 billion, a PE ratio of -36.63, a P/E/G ratio of 6.30 and a beta of 1.17. The Estee Lauder Companies Inc. has a 1 year low of $48.37 and a 1 year high of $107.57.

Estee Lauder Companies (NYSE:EL) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.29 by $0.36. The business had revenue of $2.66 billion for 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 quarterly revenue was down 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.97 EPS. Sell-side analysts forecast that The Estee Lauder Companies Inc. will post 1.36 EPS for the current year.

Estee Lauder Companies Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have commented on EL shares. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $76.00 price target on shares of Estee Lauder Companies in a research report on Thursday, May 1st. B. Riley reaffirmed a “neutral” rating and issued a $60.00 price target (down from $70.00) on shares of Estee Lauder Companies in a research report on Friday, May 2nd. JPMorgan Chase & Co. dropped their price target on Estee Lauder Companies from $72.00 to $61.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Wall Street Zen raised Estee Lauder Companies from a “sell” rating to a “hold” rating in a research report on Friday, June 27th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $75.00 price target (down from $92.00) on shares of Estee Lauder Companies in a research report on Friday, May 2nd. Sixteen equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $74.45.

Estee Lauder Companies Company 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.