EverSource Wealth Advisors LLC Buys 1,565 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

EverSource Wealth Advisors LLC grew its position in The Estée Lauder Companies Inc. (NYSE:EL) by 415.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,942 shares of the company’s stock after acquiring an additional 1,565 shares during the period. EverSource Wealth Advisors LLC’s holdings in Estée Lauder Companies were worth $146,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Sequoia Financial Advisors LLC bought a new position in Estée Lauder Companies in the fourth quarter valued at about $358,000. AGF Management Ltd. acquired a new position in shares of Estée Lauder Companies in the fourth quarter valued at approximately $213,000. Markel Group Inc. raised its holdings in Estée Lauder Companies by 7.1% in the 4th quarter. Markel Group Inc. now owns 15,000 shares of the company’s stock valued at $1,125,000 after buying an additional 1,000 shares during the last quarter. Channing Capital Management LLC increased its position in Estée Lauder Companies by 43.5% in the 4th quarter. Channing Capital Management LLC now owns 96,366 shares of the company’s stock valued at $7,226,000 after acquiring an additional 29,202 shares during the period. Finally, Marathon Trading Investment Management LLC acquired a new position in shares of Estée Lauder Companies during the fourth quarter worth $1,162,000. Institutional investors and hedge funds own 55.15% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Royal Bank of Canada restated an “outperform” rating and set a $100.00 price objective on shares of Estée Lauder Companies in a research report on Friday, January 31st. Barclays reduced their price objective on shares of Estée Lauder Companies from $71.00 to $64.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Stifel Nicolaus lowered their target price on shares of Estée Lauder Companies from $81.00 to $77.00 and set a “hold” rating for the company in a research note on Wednesday, February 5th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $76.00 price target on shares of Estée Lauder Companies in a research report on Tuesday, February 4th. Finally, Canaccord Genuity Group decreased their price target on Estée Lauder Companies from $76.00 to $70.00 and set a “hold” rating for the company in a report on Wednesday, February 5th. Twenty investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $86.00.

Insider Buying and Selling

In other Estée Lauder Companies news, CFO Akhil Shrivastava purchased 700 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was purchased at an average price of $65.79 per share, for a total transaction of $46,053.00. Following the transaction, the chief financial officer now owns 2,381 shares in the company, valued at $156,645.99. The trade was a 41.64 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Paul J. Fribourg acquired 43,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was bought at an average price of $66.35 per share, for a total transaction of $2,853,050.00. Following the completion of the transaction, the director now owns 430,800 shares of the company’s stock, valued at $28,583,580. The trade was a 11.09 % increase in their position. The disclosure for this purchase can be found here. 12.78% of the stock is currently owned by insiders.

Estée Lauder Companies Stock Up 3.7 %

Shares of NYSE:EL opened at $68.97 on Tuesday. The stock has a market cap of $24.76 billion, a price-to-earnings ratio of -35.37, a PEG ratio of 6.09 and a beta of 1.08. The business’s 50 day moving average is $73.45 and its 200 day moving average is $78.49. The Estée Lauder Companies Inc. has a 12-month low of $62.29 and a 12-month high of $155.73. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 1.75.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.32 by $0.30. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The firm had revenue of $4 billion during the quarter, compared to analyst estimates of $3.98 billion. During the same quarter last year, the business posted $0.88 EPS. The company’s revenue for the quarter was down 6.4% on a year-over-year basis. On average, sell-side analysts forecast that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.03%. The ex-dividend date was Friday, February 28th. Estée Lauder Companies’s dividend payout ratio is -71.79%.

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.