On September 15, 2023, it was reported that institutional investor, AMF Tjanstepension AB, had decreased its holdings in The Estée Lauder Companies Inc. (NYSE:EL) by 58.5% during the second quarter. According to the company’s recent Form 13F filing with the Securities and Exchange Commission, AMF Tjanstepension AB now owns 31,776 shares of Estée Lauder Companies’ stock after selling 44,779 shares.
These holdings are valued at approximately $6,247,000 as of the most recent filing with the Securities and Exchange Commission. This substantial decrease in shares held by AMF Tjanstepension AB is significant and may have caught the attention of investors and industry experts alike.
Estée Lauder Companies (NYSE:EL) recently released its earnings results for the quarter ending on August 18th. The company reported earnings per share (EPS) of $0.07 for this period, surpassing the consensus estimate of ($0.04) by $0.11.
The business has demonstrated a net margin of 6.32% and a return on equity of 21.79%. Furthermore, Estée Lauder Companies generated revenue amounting to $3.61 billion during this quarter, surpassing analyst estimates which projected revenue to be around $3.48 billion.
These positive figures indicate a promising outlook for Estée Lauder Companies despite a modest 1.3% increase in revenue compared to the same quarter in the previous year when the business earned $0.42 earnings per share.
Equities analysts appear to remain optimistic about The Estée Lauder Companies Inc., anticipating that it will post an impressive earnings per share figure of 3.66 for the current year.
With this recent development in AMF Tjanstepension AB’s decreased holdings and Estée Lauder Companies’ strong financial performance, investors and individuals tracking the stock market will be closely monitoring the company’s future endeavors and progress.
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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Estée Lauder Companies: Fluctuations in Stock Holdings, Analyst Ratings, and Insider Transactions
September 15, 2023 – Estée Lauder Companies (EL), a multinational manufacturer and marketer of prestige skincare, makeup, fragrance, and hair care products, has recently experienced various fluctuations in its stock holdings and analyst ratings. Furthermore, there have been significant insider transactions that may have an impact on the company’s market performance.
Several hedge funds have made adjustments to their stakes in Estée Lauder Companies. Heritage Wealth Management LLC increased its holdings in the company by 100.0% in the fourth quarter, acquiring an additional 52 shares for a total of 104 shares valued at $26,000. Thompson Siegel & Walmsley LLC also acquired a new position in the fourth quarter with 110 shares worth approximately $27,000. North Star Investment Management Corp., on the other hand, raised its stake by 1,275.0% during the first quarter and now owns 110 shares valued at $27,000.
Meanwhile, WealthPLAN Partners LLC entered the scene during the first quarter with a new stake worth around $31,000. Similarly, Elequin Securities LLC acquired shares in the company during the fourth quarter with a value of approximately $37,000. Altogether these institutional investors now own more than half (55.15%) of Estée Lauder Companies’ stock.
Analysts have had mixed opinions about Estée Lauder Companies’ performance lately. StockNews.com downgraded the stock from a “hold” to a “sell” rating while Oppenheimer downgraded it from “outperform” to “market perform.” Evercore ISI decreased their price objective from $250.00 to $200.00 but maintained an “outperform” rating for the company.
Citigroup also lowered their target price from $195.00 to $165.00 and gave it a “neutral” rating while Bank of America reduced its price target even further from $205.00 to $175.00, also giving Estée Lauder Companies a “neutral” rating. Despite these downgrades, the stock still garnered positive ratings from analysts, with fifteen giving it a buy rating and one giving it a strong buy rating. The consensus on Bloomberg.com currently stands at “Moderate Buy,” while the average price target is $210.31.
In recent news regarding insider activities, Director Charlene Barshefsky sold 1,796 shares of Estée Lauder Companies’ stock on August 23rd for an average price of $151.93 per share, resulting in a total transaction value of $272,866.28. Following this transaction, Barshefsky now holds 48,845 shares in the company worth approximately $7,421,020.85.
Another significant insider sale took place on the same day when EVP Jane Lauder sold 12,661 shares at an average price of $152.75 per share for a total transaction value of $1,933,967.75. After this sale, Lauder now owns 55,800 shares valued at around $8,523,450.
These transactions were disclosed through filings with the Securities and Exchange Commission (SEC) and are accessible on their official website. It should be noted that insiders collectively own 12.75% of Estée Lauder Companies’ stock.
On September 15th — date of reference for this article — NYSE EL opened at $154.24 per share. Over the past 50 days leading up to this date, its moving average price was recorded at $169.99 while its 200-day moving average price stood at $202.38.
Estée Lauder Companies has faced challenges and fluctuations in its market performance recently due to changes in hedge fund holdings and analyst ratings as well as significant insider transactions within the company’s leadership team. Investors closely monitor these developments to make informed decisions about their involvement with the company in the coming months and years.