Short Interest in The Estée Lauder Companies Inc. (NYSE:EL) Expands By 9.5%

The Estée Lauder Companies Inc. (NYSE:ELGet Free Report) saw a significant increase in short interest in March. As of March 15th, there was short interest totalling 5,890,000 shares, an increase of 9.5% from the February 29th total of 5,380,000 shares. Based on an average trading volume of 2,660,000 shares, the short-interest ratio is currently 2.2 days.

Hedge Funds Weigh In On Estée Lauder Companies

Several institutional investors and hedge funds have recently bought and sold shares of the company. United Bank increased its position in shares of Estée Lauder Companies by 1.8% in the 1st quarter. United Bank now owns 4,879 shares of the company’s stock valued at $1,329,000 after purchasing an additional 88 shares during the last quarter. Cibc World Market Inc. boosted its stake in Estée Lauder Companies by 78.4% during the 1st quarter. Cibc World Market Inc. now owns 17,748 shares of the company’s stock worth $4,833,000 after purchasing an additional 7,797 shares during the period. Prudential PLC acquired a new stake in Estée Lauder Companies during the 1st quarter worth $1,147,000. Cetera Investment Advisers boosted its stake in Estée Lauder Companies by 2.4% during the 1st quarter. Cetera Investment Advisers now owns 3,932 shares of the company’s stock worth $1,071,000 after purchasing an additional 92 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its stake in Estée Lauder Companies by 27.3% during the 1st quarter. Sequoia Financial Advisors LLC now owns 978 shares of the company’s stock worth $267,000 after purchasing an additional 210 shares during the period. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Estée Lauder Companies Stock Down 4.1 %

EL traded down $6.27 on Wednesday, hitting $146.50. The company had a trading volume of 1,612,485 shares, compared to its average volume of 2,771,492. The firm has a market capitalization of $52.52 billion, a P/E ratio of 112.99, a P/E/G ratio of 3.96 and a beta of 1.07. Estée Lauder Companies has a 52-week low of $102.22 and a 52-week high of $260.46. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.36 and a quick ratio of 0.96. The stock has a fifty day simple moving average of $144.96 and a 200-day simple moving average of $138.24.

Estée Lauder Companies (NYSE:ELGet Free Report) last posted its quarterly earnings data on Monday, February 5th. The company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.55 by $0.33. Estée Lauder Companies had a net margin of 3.08% and a return on equity of 9.78%. The business had revenue of $4.28 billion during the quarter, compared to the consensus estimate of $4.19 billion. During the same period in the previous year, the firm posted $1.54 earnings per share. The business’s revenue for the quarter was down 7.4% compared to the same quarter last year. As a group, equities analysts expect that Estée Lauder Companies will post 2.23 EPS for the current fiscal year.

Estée Lauder Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were given a dividend of $0.66 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $2.64 dividend on an annualized basis and a yield of 1.80%. Estée Lauder Companies’s payout ratio is presently 203.08%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on EL. The Goldman Sachs Group began coverage on Estée Lauder Companies in a report on Friday, March 1st. They issued a “neutral” rating and a $145.00 target price for the company. StockNews.com lowered Estée Lauder Companies from a “hold” rating to a “sell” rating in a report on Wednesday, February 14th. Royal Bank of Canada increased their price objective on Estée Lauder Companies from $115.00 to $131.00 and gave the company a “sector perform” rating in a report on Tuesday, February 6th. Wells Fargo & Company increased their price objective on Estée Lauder Companies from $155.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, February 6th. Finally, DA Davidson restated a “buy” rating and set a $179.00 target price on shares of Estée Lauder Companies in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $166.46.

Read Our Latest Report on Estée Lauder Companies

About Estée Lauder Companies

(Get Free Report)

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.

See Also

Receive News & Ratings for Estée Lauder Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Estée Lauder Companies and related companies with MarketBeat.com's FREE daily email newsletter.