The Estée Lauder Companies Inc. (NYSE:EL) Stock Holdings Decreased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky reduced its position in The Estée Lauder Companies Inc. (NYSE:EL) by 0.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 155,308 shares of the company’s stock after selling 1,275 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Estée Lauder Companies were worth $23,941,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Cetera Advisors LLC boosted its holdings in shares of Estée Lauder Companies by 48.4% during the first quarter. Cetera Advisors LLC now owns 3,422 shares of the company’s stock worth $527,000 after purchasing an additional 1,116 shares during the period. Cetera Investment Advisers boosted its holdings in shares of Estée Lauder Companies by 494.2% during the first quarter. Cetera Investment Advisers now owns 24,949 shares of the company’s stock worth $3,846,000 after purchasing an additional 20,750 shares during the period. Atria Investments Inc boosted its holdings in shares of Estée Lauder Companies by 24.6% during the first quarter. Atria Investments Inc now owns 11,961 shares of the company’s stock worth $1,844,000 after purchasing an additional 2,361 shares during the period. Swedbank AB acquired a new stake in shares of Estée Lauder Companies during the first quarter worth approximately $82,664,000. Finally, Virtu Financial LLC acquired a new stake in Estée Lauder Companies in the first quarter valued at approximately $3,931,000. 55.15% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Canaccord Genuity Group reduced their target price on shares of Estée Lauder Companies from $140.00 to $131.00 and set a “hold” rating for the company in a research note on Thursday, May 2nd. Citigroup reduced their price objective on shares of Estée Lauder Companies from $175.00 to $135.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Bernstein Bank boosted their price objective on shares of Estée Lauder Companies from $155.00 to $160.00 in a research note on Wednesday, May 1st. Piper Sandler reduced their price objective on shares of Estée Lauder Companies from $141.00 to $108.00 and set a “neutral” rating for the company in a research note on Thursday, July 11th. Finally, StockNews.com upgraded shares of Estée Lauder Companies from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Fifteen investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $147.87.

Estée Lauder Companies Stock Performance

Estée Lauder Companies stock traded down $1.62 on Friday, hitting $95.50. The company’s stock had a trading volume of 2,596,078 shares, compared to its average volume of 2,930,829. The firm has a market cap of $34.24 billion, a P/E ratio of 53.65, a price-to-earnings-growth ratio of 1.79 and a beta of 0.99. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 1.26. The company has a fifty day moving average price of $109.50 and a 200-day moving average price of $130.19. The Estée Lauder Companies Inc. has a one year low of $93.52 and a one year high of $175.31.

Estée Lauder Companies (NYSE:EL) last issued its earnings results on Wednesday, May 1st. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.48 by $0.49. Estée Lauder Companies had a net margin of 4.18% and a return on equity of 13.08%. The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the previous year, the company earned $0.47 EPS. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, equities analysts anticipate that The Estée Lauder Companies Inc. will post 2.21 earnings per share for the current year.

Insider Activity

In other news, CFO Tracey Thomas Travis sold 14,493 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $135.73, for a total value of $1,967,134.89. Following the sale, the chief financial officer now owns 47,248 shares in the company, valued at approximately $6,412,971.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Tracey Thomas Travis sold 14,493 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $135.73, for a total transaction of $1,967,134.89. Following the transaction, the chief financial officer now owns 47,248 shares in the company, valued at approximately $6,412,971.04. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Peter Jueptner sold 12,786 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $130.62, for a total transaction of $1,670,107.32. Following the transaction, the insider now owns 5,578 shares in the company, valued at approximately $728,598.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 42,255 shares of company stock worth $5,453,232. Corporate insiders own 12.77% of the company’s stock.

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.