Janney Montgomery Scott LLC Makes New $1.60 Million Investment in The Estée Lauder Companies Inc. (NYSE:EL)

Janney Montgomery Scott LLC acquired a new position in The Estée Lauder Companies Inc. (NYSE:EL) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 16,043 shares of the company’s stock, valued at approximately $1,599,000.

Other hedge funds have also bought and sold shares of the company. Armistice Capital LLC boosted its position in Estée Lauder Companies by 111.8% in the 2nd quarter. Armistice Capital LLC now owns 182,312 shares of the company’s stock worth $19,398,000 after purchasing an additional 96,239 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Estée Lauder Companies by 3,065.6% during the 2nd quarter. Marshall Wace LLP now owns 1,983,083 shares of the company’s stock valued at $211,000,000 after buying an additional 1,920,439 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Estée Lauder Companies during the 2nd quarter valued at approximately $6,043,000. Transcend Capital Advisors LLC purchased a new position in shares of Estée Lauder Companies during the 2nd quarter valued at approximately $558,000. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Estée Lauder Companies by 1.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 367,218 shares of the company’s stock valued at $56,608,000 after buying an additional 5,915 shares in the last quarter. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EL. StockNews.com lowered Estée Lauder Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. DA Davidson reissued a “buy” rating and issued a $130.00 price objective on shares of Estée Lauder Companies in a research note on Tuesday, October 29th. UBS Group reduced their price objective on Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating for the company in a research note on Tuesday, August 20th. TD Cowen reduced their price objective on Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Finally, Royal Bank of Canada reduced their price objective on Estée Lauder Companies from $131.00 to $100.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Nineteen analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $100.90.

Insider Activity

In other Estée Lauder Companies news, Director Lynn Forester sold 3,890 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $93.61, for a total transaction of $364,142.90. Following the sale, the director now directly owns 15,209 shares in the company, valued at approximately $1,423,714.49. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Lynn Forester sold 3,890 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $93.61, for a total value of $364,142.90. Following the completion of the transaction, the director now directly owns 15,209 shares in the company, valued at approximately $1,423,714.49. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Fabrizio Freda sold 10,969 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $67.76, for a total value of $743,259.44. Following the completion of the transaction, the chief executive officer now owns 295,838 shares of the company’s stock, valued at $20,045,982.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,296 shares of company stock valued at $1,423,366. Company insiders own 12.78% of the company’s stock.

Estée Lauder Companies Stock Performance

Shares of EL opened at $62.86 on Thursday. The stock has a 50-day simple moving average of $86.23 and a 200-day simple moving average of $101.95. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.90 and a current ratio of 1.32. The stock has a market capitalization of $22.57 billion, a PE ratio of 112.25, a PEG ratio of 3.79 and a beta of 1.05. The Estée Lauder Companies Inc. has a 1 year low of $62.29 and a 1 year high of $159.75.

Estée Lauder Companies (NYSE:EL) last posted its earnings results on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.05. The firm had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.37 billion. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The firm’s revenue was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.11 earnings per share. On average, analysts predict that The Estée Lauder Companies Inc. will post 1.59 earnings per share for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date is Friday, November 29th. Estée Lauder Companies’s payout ratio is currently 250.00%.

Estée 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.