Tidal Investments LLC Acquires 5,803 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Tidal Investments LLC lifted its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 25.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,715 shares of the company’s stock after buying an additional 5,803 shares during the quarter. Tidal Investments LLC’s holdings in Estée Lauder Companies were worth $2,863,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Aptus Capital Advisors LLC grew its stake in shares of Estée Lauder Companies by 6.3% in the 2nd quarter. Aptus Capital Advisors LLC now owns 2,144 shares of the company’s stock worth $228,000 after buying an additional 127 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Estée Lauder Companies by 30.9% during the third quarter. Farther Finance Advisors LLC now owns 639 shares of the company’s stock worth $64,000 after acquiring an additional 151 shares during the last quarter. Horizon Bancorp Inc. IN raised its position in Estée Lauder Companies by 22.3% during the second quarter. Horizon Bancorp Inc. IN now owns 844 shares of the company’s stock valued at $90,000 after purchasing an additional 154 shares during the period. Chilton Capital Management LLC increased its position in shares of Estée Lauder Companies by 63.9% during the 2nd quarter. Chilton Capital Management LLC now owns 431 shares of the company’s stock valued at $46,000 after purchasing an additional 168 shares during the last quarter. Finally, Biltmore Family Office LLC raised its holdings in Estée Lauder Companies by 7.8% during the 3rd quarter. Biltmore Family Office LLC now owns 2,376 shares of the company’s stock valued at $237,000 after buying an additional 171 shares during the period. Institutional investors own 55.15% of the company’s stock.

Estée Lauder Companies Stock Down 1.2 %

EL stock opened at $80.04 on Monday. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 1.44. The Estée Lauder Companies Inc. has a 52 week low of $62.29 and a 52 week high of $159.75. The stock has a market capitalization of $28.73 billion, a PE ratio of 142.93, a price-to-earnings-growth ratio of 5.33 and a beta of 1.05. The firm has a 50 day moving average of $78.25 and a 200 day moving average of $92.42.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. The firm had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.37 billion. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The business’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.11 earnings per share. Sell-side analysts forecast that The Estée Lauder Companies Inc. will post 1.46 earnings per share for the current year.

Estée Lauder Companies Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Friday, November 29th. Estée Lauder Companies’s payout ratio is 250.00%.

Insider Buying and Selling

In related news, CEO Fabrizio Freda sold 10,969 shares of Estée Lauder Companies stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $67.76, for a total transaction of $743,259.44. Following the completion of the transaction, the chief executive officer now directly owns 295,838 shares in the company, valued at approximately $20,045,982.88. This trade represents a 3.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul J. Fribourg purchased 75,500 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was bought at an average cost of $64.93 per share, with a total value of $4,902,215.00. Following the completion of the acquisition, the director now directly owns 310,000 shares of the company’s stock, valued at $20,128,300. This trade represents a 32.20 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 12.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on EL shares. Citigroup downgraded shares of Estée Lauder Companies from a “buy” rating to a “neutral” rating and cut their price target for the company from $105.00 to $80.00 in a report on Thursday, October 31st. The Goldman Sachs Group reduced their price target on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Royal Bank of Canada dropped their target price on shares of Estée Lauder Companies from $131.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Canaccord Genuity Group reduced their price objective on Estée Lauder Companies from $100.00 to $75.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Finally, TD Cowen cut their price target on Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Nineteen research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $98.57.

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