Qsemble Capital Management LP Takes Position in The Estée Lauder Companies Inc. (NYSE:EL)

Qsemble Capital Management LP purchased a new stake in The Estée Lauder Companies Inc. (NYSE:EL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 36,075 shares of the company’s stock, valued at approximately $3,838,000. Estée Lauder Companies accounts for about 0.7% of Qsemble Capital Management LP’s investment portfolio, making the stock its 23rd biggest holding.

A number of other institutional investors also recently modified their holdings of the company. Riverview Trust Co acquired a new position in Estée Lauder Companies during the 1st quarter valued at $26,000. Hexagon Capital Partners LLC raised its stake in Estée Lauder Companies by 103.1% during the 1st quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock valued at $30,000 after purchasing an additional 99 shares during the last quarter. Rothschild Investment LLC acquired a new position in Estée Lauder Companies during the 2nd quarter valued at $30,000. PARK CIRCLE Co acquired a new position in Estée Lauder Companies during the 2nd quarter valued at $32,000. Finally, Crewe Advisors LLC acquired a new position in Estée Lauder Companies during the 1st quarter valued at $35,000. Institutional investors own 55.15% of the company’s stock.

Estée Lauder Companies Stock Down 0.7 %

EL opened at $84.52 on Thursday. The firm’s 50-day simple moving average is $95.49 and its 200-day simple moving average is $120.96. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.01 and a current ratio of 1.39. The Estée Lauder Companies Inc. has a twelve month low of $82.39 and a twelve month high of $159.75. The firm has a market cap of $30.32 billion, a price-to-earnings ratio of 47.48, a PEG ratio of 1.46 and a beta of 1.00.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Monday, August 19th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.39. Estée Lauder Companies had a net margin of 2.50% and a return on equity of 16.91%. The firm had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.80 billion. During the same quarter in the prior year, the firm earned $0.07 EPS. The company’s revenue was up 7.3% on a year-over-year basis. Equities research analysts anticipate that The Estée Lauder Companies Inc. will post 2.99 EPS for the current fiscal year.

Estée Lauder Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend is Friday, August 30th. Estée Lauder Companies’s dividend payout ratio is currently 148.32%.

Insiders Place Their Bets

In other Estée Lauder Companies news, Director Charlene Barshefsky sold 3,437 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total transaction of $315,963.41. Following the sale, the director now owns 49,800 shares of the company’s stock, valued at approximately $4,578,114. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Estée Lauder Companies news, Director Lynn Forester sold 3,890 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $93.61, for a total transaction of $364,142.90. Following the transaction, the director now directly owns 15,209 shares in the company, valued at approximately $1,423,714.49. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Charlene Barshefsky sold 3,437 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total transaction of $315,963.41. Following the transaction, the director now owns 49,800 shares in the company, valued at $4,578,114. The disclosure for this sale can be found here. Insiders own 12.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on EL shares. Evercore ISI cut their target price on shares of Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating for the company in a research note on Tuesday, August 20th. Canaccord Genuity Group reissued a “hold” rating and issued a $100.00 price target on shares of Estée Lauder Companies in a report on Tuesday, August 20th. Piper Sandler raised shares of Estée Lauder Companies from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $95.00 to $114.00 in a report on Thursday, August 22nd. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Estée Lauder Companies from $108.00 to $105.00 and set a “hold” rating on the stock in a report on Tuesday, August 20th. Finally, The Goldman Sachs Group lowered their price target on shares of Estée Lauder Companies from $115.00 to $100.00 and set a “neutral” rating on the stock in a report on Tuesday, August 20th. Fourteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Estée Lauder Companies has an average rating of “Hold” and an average target price of $121.57.

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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.