Victory Capital Management Inc. Trims Stake in The Estée Lauder Companies Inc. (NYSE:EL)

Victory Capital Management Inc. lessened its position in The Estée Lauder Companies Inc. (NYSE:EL) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 156,174 shares of the company’s stock after selling 4,170 shares during the quarter. Victory Capital Management Inc.’s holdings in Estée Lauder Companies were worth $11,710,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC boosted its position in shares of Estée Lauder Companies by 30.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 639 shares of the company’s stock valued at $64,000 after purchasing an additional 151 shares during the period. Janney Montgomery Scott LLC purchased a new position in shares of Estée Lauder Companies during the 3rd quarter worth approximately $1,599,000. Los Angeles Capital Management LLC purchased a new position in shares of Estée Lauder Companies during the 3rd quarter worth approximately $1,184,000. Ashton Thomas Securities LLC acquired a new stake in shares of Estée Lauder Companies in the 3rd quarter worth approximately $31,000. Finally, OVERSEA CHINESE BANKING Corp Ltd grew its holdings in shares of Estée Lauder Companies by 303.2% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 8,120 shares of the company’s stock worth $818,000 after acquiring an additional 6,106 shares during the period. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Estée Lauder Companies Trading Down 2.4 %

EL opened at $64.85 on Friday. The stock has a market cap of $23.28 billion, a PE ratio of -33.26, a price-to-earnings-growth ratio of 6.09 and a beta of 1.08. The Estée Lauder Companies Inc. has a twelve month low of $62.29 and a twelve month high of $157.49. The company has a fifty day moving average of $73.65 and a 200-day moving average of $79.03. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 1.75.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.30. The firm had revenue of $4 billion for the quarter, compared to analyst estimates of $3.98 billion. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The business’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same period last year, the firm earned $0.88 earnings per share. On average, sell-side analysts predict that The Estée Lauder Companies Inc. will post 1.36 EPS for the current year.

Estée Lauder Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.35 per share. The ex-dividend date is Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.16%. Estée Lauder Companies’s dividend payout ratio (DPR) is currently -71.79%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. UBS Group raised their price objective on Estée Lauder Companies from $74.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, January 16th. CICC Research assumed coverage on Estée Lauder Companies in a research report on Friday, December 27th. They issued a “market perform” rating and a $82.00 price objective on the stock. Piper Sandler lifted their target price on Estée Lauder Companies from $91.00 to $98.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Telsey Advisory Group reiterated a “market perform” rating and issued a $76.00 price target on shares of Estée Lauder Companies in a research note on Tuesday, February 4th. Finally, Barclays decreased their price target on Estée Lauder Companies from $71.00 to $64.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Twenty investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Estée Lauder Companies currently has a consensus rating of “Hold” and a consensus target price of $86.00.

Insider Activity

In related news, Director Paul J. Fribourg bought 43,000 shares of the business’s stock in a transaction on Wednesday, February 5th. The stock was acquired at an average price of $66.35 per share, with a total value of $2,853,050.00. Following the transaction, the director now owns 430,800 shares in the company, valued at approximately $28,583,580. This trade represents a 11.09 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Akhil Shrivastava bought 700 shares of the business’s stock in a transaction on Wednesday, February 5th. The stock was bought at an average cost of $65.79 per share, with a total value of $46,053.00. Following the transaction, the chief financial officer now owns 2,381 shares in the company, valued at $156,645.99. This trade represents a 41.64 % increase in their position. The disclosure for this purchase can be found here. Insiders own 12.78% of the company’s stock.

About Estée 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.