Transcend Capital Advisors LLC Buys New Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Transcend Capital Advisors LLC acquired a new position in shares of The Estée Lauder Companies Inc. (NYSE:EL) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,244 shares of the company’s stock, valued at approximately $558,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Norges Bank acquired a new position in shares of Estée Lauder Companies in the fourth quarter worth about $518,975,000. Jennison Associates LLC acquired a new position in shares of Estée Lauder Companies in the first quarter worth about $291,171,000. Vanguard Group Inc. lifted its stake in shares of Estée Lauder Companies by 6.4% in the first quarter. Vanguard Group Inc. now owns 20,686,550 shares of the company’s stock worth $3,188,832,000 after acquiring an additional 1,250,555 shares in the last quarter. Carmignac Gestion lifted its stake in shares of Estée Lauder Companies by 1,908.0% in the fourth quarter. Carmignac Gestion now owns 1,195,750 shares of the company’s stock worth $174,895,000 after acquiring an additional 1,136,201 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its stake in shares of Estée Lauder Companies by 32.6% in the fourth quarter. Clearbridge Investments LLC now owns 3,022,816 shares of the company’s stock worth $442,087,000 after acquiring an additional 742,449 shares in the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

Estée Lauder Companies Stock Performance

Shares of NYSE:EL traded down $1.62 during midday trading 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 Estée Lauder Companies Inc. has a fifty-two week low of $93.52 and a fifty-two week high of $175.31. The stock has a market capitalization of $34.24 billion, a price-to-earnings ratio of 53.65, a PEG ratio of 1.79 and a beta of 0.99. The stock’s 50 day simple moving average is $109.50 and its 200 day simple moving average is $130.20. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.15 and a current ratio of 1.58.

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

Insider Buying and Selling at Estée Lauder Companies

In other Estée Lauder Companies news, EVP Jane Lauder sold 14,976 shares of Estée Lauder Companies stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $121.26, for a total transaction of $1,815,989.76. Following the sale, the executive vice president now directly owns 57,389 shares of the company’s stock, valued at $6,958,990.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Peter Jueptner sold 12,786 shares of Estée Lauder Companies stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $130.62, for a total value of $1,670,107.32. Following the completion of the transaction, the insider now owns 5,578 shares in the company, valued at $728,598.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jane Lauder sold 14,976 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $121.26, for a total transaction of $1,815,989.76. Following the completion of the transaction, the executive vice president now owns 57,389 shares of the company’s stock, valued at approximately $6,958,990.14. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 42,255 shares of company stock valued at $5,453,232. 12.77% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on EL shares. Barclays lowered their price objective on Estée Lauder Companies from $136.00 to $117.00 and set an “equal weight” rating for the company in a report on Friday, July 19th. Canaccord Genuity Group lowered their price objective on Estée Lauder Companies from $140.00 to $131.00 and set a “hold” rating for the company in a report on Thursday, May 2nd. Piper Sandler dropped their price target on Estée Lauder Companies from $141.00 to $108.00 and set a “neutral” rating on the stock in a research report on Thursday, July 11th. JPMorgan Chase & Co. dropped their price target on Estée Lauder Companies from $145.00 to $129.00 and set an “overweight” rating on the stock in a research report on Friday, July 12th. Finally, DA Davidson reissued a “buy” rating and issued a $191.00 price objective on shares of Estée Lauder Companies in a report on Wednesday, July 24th. Fifteen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Estée Lauder Companies currently has a consensus rating of “Hold” and a consensus price target of $147.87.

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