On September 17, 2023, it was revealed that B.O.S.S. Retirement Advisors LLC has acquired a new stake in The Estée Lauder Companies Inc. (NYSE:EL). According to the company’s recent filing with the Securities and Exchange Commission, the institutional investor now holds 7,074 shares of the cosmetic giant’s stock, which is valued at approximately $1,389,000.
This acquisition by B.O.S.S. Retirement Advisors LLC signifies their belief in the potential growth and stability of The Estée Lauder Companies Inc. The decision to invest in this well-established company showcases the confidence they have in its financial performance and long-term prospects.
In addition to expanding its stake in The Estée Lauder Companies Inc., B.O.S.S. Retirement Advisors LLC will also benefit from the quarterly dividend recently announced by the company. This dividend was paid on Friday, September 15th to investors who were recorded as shareholders on Thursday, August 31st. Shareholders received a dividend of $0.66 per share, resulting in an annualized dividend of $2.64 and a yield of 1.70%. It is noteworthy that the ex-dividend date for this particular dividend was Wednesday, August 30th.
From a financial perspective, Estée Lauder Companies boasts an impressive dividend payout ratio (DPR) of 94.96%. This indicates that nearly all of its earnings are allocated towards rewarding shareholders through dividends. Such a high DPR suggests that Estée Lauder Companies places great importance on providing consistent returns to its investors while maintaining financial stability and growth.
Investors interested in analyzing the stock further can access our latest stock analysis on EL for comprehensive insights into Estée Lauder Companies’ performance and market trends surrounding it.
The acquisition of shares by &B.O.S.S Retirement Advisors LLC highlights their affirmative stance on The Estée Lauder Companies Inc.’s potential as well as their confidence in the company’s financial positioning. With this new stake and the recently paid dividend, &B.O.S.S Retirement Advisors LLC is poised to benefit from both the stock’s value appreciation and the regular income generated through dividends.
As always, it is advisable for investors to carefully assess their investment strategies and consult with financial advisors before making any significant portfolio decisions.
The Estée Lauder Companies Inc.
Updated on: 03/12/2023
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
12:00 AM (UTC)
Date:03 December, 2023
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Institutional Investors and Hedge Funds Increase Holdings in Estée Lauder Companies, Prompting Research Firm Reassessments
In recent months, there have been significant changes in the holdings of Estée Lauder Companies by institutional investors and hedge funds. Summit Trail Advisors LLC, for example, has raised its stake in the company by 56.1% during the 1st quarter. This means that Summit Trail Advisors now owns 1,339 shares of Estée Lauder Companies stock valued at $330,000 after purchasing an additional 481 shares during that period.
Another notable investor is Lincoln National Corp, which increased its stake in Estée Lauder Companies by 38.6% during the same quarter. Lincoln National Corp now owns a total of 3,186 shares of the company’s stock worth $785,000 after acquiring an additional 887 shares.
AE Wealth Management LLC also saw an increase in its stake in Estée Lauder Companies by 16.0% during the first quarter. They now own a total of 44,164 shares valued at $10,885,000 after acquiring an additional 6,098 shares.
Wedbush Securities Inc., on the other hand, increased its stake in Estée Lauder Companies by 21.8% during the first quarter and now owns 3,485 shares worth $859,000 after acquiring an additional 623 shares.
Finally, Brookstone Capital Management increased its stake in Estée Lauder Companies by 10.1% during the first quarter and now owns a total of 2,587 shares worth $655,000 after acquiring an additional 237 shares.
It is interesting to note that institutional investors and hedge funds currently own approximately 55.15% of Estée Lauder Companies’ stock.
These recent modifications to holdings have caught the attention of various research firms who have weighed in on EL (Estée Lauder Companies). Canaccord Genuity Group recently reduced their price target for EL from $208 to $162 and gave it a “hold” rating. Wells Fargo & Company also reduced their price target from $215 to $200 and gave it an “overweight” rating. Raymond James reduced their price target from $220 to $195 and rated it as “strong-buy”. Stifel Nicolaus lowered their target price from $265 to $225 and labeled it as a “buy”. Finally, DA Davidson reduced their target price from $214 to $185 and rated it as a “buy”.
According to Bloomberg.com, Estée Lauder Companies has an average rating of “Moderate Buy” with a consensus price target of $208.07.
On September 17, 2023, NYSE EL opened at $155.70. The company has a debt-to-equity ratio of 1.27, indicating its financial leverage. Its quick ratio stands at 0.99, denoting its liquidity position, while its current ratio is 1.46.
Estée Lauder Companies has been experiencing some volatility in its stock price recently. It currently has a 50-day simple moving average of $168.46 and a 200-day simple moving average of $201.15. Over the past twelve months, the stock has fluctuated between a low of $147.18 and a high of $283.62.
The market capitalization for Estée Lauder Companies is currently sitting at around $55.69 billion with a PE ratio of 56.01 and a PEG ratio of 3.37 indicating the market’s perception about the company’s growth potential relative to its current valuation.
In terms of earnings, Estée Lauder Companies released its latest report on August 18th, 2023 where it reported earnings per share (EPS) of $0.07 for the quarter . This surpassed the consensus estimate of ($0.04) by an impressive margin of $0
Estée Lauder Companies boasts a net margin of 6.32% and a return on equity of 21.79%. The company generated $3.61 billion in revenue during the quarter, surpassing analysts’ expectations of $3.48 billion. This represents a 1.3% increase compared to the same quarter last year.
Looking ahead, research analysts are forecasting that Estée Lauder Companies will post an EPS of 3.66 for the current fiscal year.
In conclusion, Estée Lauder Companies has seen significant modifications to its holdings by institutional investors and hedge funds recently, indicating market interest in the company. These changes have prompted various research firms to reassess their price targets and ratings for this stock. In terms of financials, Estée Lauder Companies’ latest earnings report showed positive results, beating consensus estimates and delivering strong revenue growth.