Mirae Asset Global Investments Co. Ltd. Buys 4,203 Shares of The Estee Lauder Companies Inc. (NYSE:EL)

Mirae Asset Global Investments Co. Ltd. boosted its stake in The Estee Lauder Companies Inc. (NYSE:EL) by 18.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,082 shares of the company’s stock after purchasing an additional 4,203 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Estee Lauder Companies were worth $1,772,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Bank Pictet & Cie Europe AG grew its position in shares of Estee Lauder Companies by 5.4% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 91,200 shares of the company’s stock valued at $6,838,000 after acquiring an additional 4,690 shares during the period. IFP Advisors Inc grew its position in shares of Estee Lauder Companies by 56.0% during the 4th quarter. IFP Advisors Inc now owns 1,257 shares of the company’s stock valued at $94,000 after acquiring an additional 451 shares during the period. Oppenheimer Asset Management Inc. bought a new stake in shares of Estee Lauder Companies during the 4th quarter valued at $709,000. Oppenheimer & Co. Inc. grew its position in shares of Estee Lauder Companies by 249.7% during the 4th quarter. Oppenheimer & Co. Inc. now owns 9,074 shares of the company’s stock valued at $680,000 after acquiring an additional 6,479 shares during the period. Finally, Fisher Asset Management LLC grew its position in shares of Estee Lauder Companies by 21.5% during the 4th quarter. Fisher Asset Management LLC now owns 23,389 shares of the company’s stock valued at $1,754,000 after acquiring an additional 4,141 shares during the period. Institutional investors own 55.15% of the company’s stock.

Estee Lauder Companies Stock Up 0.1%

Shares of EL stock opened at $88.65 on Friday. The stock has a market cap of $31.89 billion, a P/E ratio of -36.63, a PEG ratio of 6.29 and a beta of 1.17. The Estee Lauder Companies Inc. has a 52 week low of $48.37 and a 52 week high of $107.57. The company has a quick ratio of 1.02, a current ratio of 1.41 and a debt-to-equity ratio of 1.68. The company’s fifty day simple moving average is $68.62 and its two-hundred day simple moving average is $69.04.

Estee Lauder Companies (NYSE:EL) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.29 by $0.36. The business had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $3.51 billion. Estee Lauder Companies had a negative net margin of 5.89% and a positive return on equity of 15.60%. The business’s quarterly revenue was down 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.97 EPS. Analysts predict 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. 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 payout ratio is currently -57.85%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Piper Sandler reissued an “overweight” rating and set a $75.00 price objective (down previously from $92.00) on shares of Estee Lauder Companies in a research report on Friday, May 2nd. B. Riley reissued a “neutral” rating and set a $60.00 price objective (down previously from $70.00) on shares of Estee Lauder Companies in a research report on Friday, May 2nd. JPMorgan Chase & Co. cut their price objective on shares of Estee Lauder Companies from $72.00 to $61.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. Canaccord Genuity Group dropped their target price on shares of Estee Lauder Companies from $70.00 to $62.00 and set a “hold” rating for the company in a report on Tuesday, April 29th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $76.00 target price on shares of Estee Lauder Companies in a report on Thursday, May 1st. 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 stock. According to data from MarketBeat.com, Estee Lauder Companies has an average rating of “Hold” and a consensus target price of $74.45.

About Estee Lauder Companies

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.