September 9, 2023 – XTX Topco Ltd, an institutional investor, has recently acquired a new stake in shares of The Estée Lauder Companies Inc. during the first quarter. According to the company’s disclosure with the Securities and Exchange Commission, XTX Topco Ltd purchased 7,582 shares of Estée Lauder Companies’ stock, amounting to approximately $1,869,000 in value. This purchase positions Estée Lauder Companies as the eighth largest holding of XTX Topco Ltd, comprising about 0.4% of their total holdings.
Estée Lauder Companies is a renowned global beauty products manufacturer and marketer that operates under various well-known brands such as Estée Lauder, Clinique, MAC Cosmetics, and Bobbi Brown. This acquisition by XTX Topco Ltd signifies their confidence in the long-term prospects and growth potential of Estée Lauder Companies.
Additionally, Estée Lauder Companies has recently announced its quarterly dividend payment schedule. Shareholders of record on Thursday, August 31st will receive a dividend of $0.66 per share on Friday, September 15th. With an ex-dividend date set for Wednesday, August 30th, this dividend represents an annualized payout ratio of $2.64 and a dividend yield of 1.71%.
This latest development underscores Estée Lauder Companies’ commitment to providing shareholders with consistent returns through dividends. The company’s solid financial performance and prudent capital allocation strategies have allowed them to maintain an attractive dividend yield for investors.
In conclusion, XTX Topco Ltd’s acquisition of shares in Estée Lauder Companies reflects the confidence they have in the company’s future prospects. Furthermore, Estée Lauder Companies’ declaration of its upcoming quarterly dividend highlights its commitment to providing value to its shareholders consistently. As always with investments decisions and expected returns are influenced by factors like market conditions and respective sector performance. Investors should take these into account before making any investment 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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Complexity and Uncertainty Surrounding Estée Lauder Companies’ Stock Positions and Future Prospects
The Estée Lauder Companies Inc. (EL) has recently seen changes in its positions by several institutional investors, further highlighting the complexity of the stock market. One such investor, Norges Bank, purchased a stake in EL during the fourth quarter, amounting to approximately $858,070,000. Similarly, Clearbridge Investments LLC acquired a new position in Estée Lauder Companies worth roughly $491,589,000 during the same period.
Price T Rowe Associates Inc. MD also increased its holdings in EL by 48.2% during the fourth quarter. The firm now owns 4,065,151 shares of the company’s stock valued at an estimated $1,008,604,000 after acquiring an additional 1,322,495 shares. Additionally, Morgan Stanley raised its position in EL by 20.0% during the same period and currently owns 7,009,269 shares valued at around $1,739,070,000.
Furthermore Lazard Asset Management LLC lifted its holdings in EL by a staggering 74.4% during the fourth quarter as well. With an increase of an extra 864,628 shares added to their portfolio during this time frame which is currently valued at approximately $502837000
These adjustments made by various hedge funds and institutional investors account for about 55.15% of the total stock owned by these groups.
Research reports have also been instrumental in understanding and evaluating EL’s performance and prospects. Several analysts have shared their expertise on the matter. Citigroup recently lowered their price target from $195 to $165 and provided a “neutral” rating for EL’s stock based on market analysis conducted on Monday August 21st.
Similarly UBS Group reduced their target price on Estée Lauder Companies from $207 to $172 and also assigned a “neutral” rating for the company citing similar reasons as they wereDeutsche Bank AG has assigned it a rating of neutral as well. Their analysts have been keepint up with the ever-evolving market trends.
Other research reports from Barclays and JPMorgan Chase & Co. recommend carefulness for investors as both have lowered their price targets on EL stock and rate it “equal weight” and “overweight,” respectively.
The cumulative analysis by various experts and researchers led to an average rating of “Moderate Buy” for Estée Lauder Companies with an average price target of $210.31, showing the confusion and mixture of opinions held in the market.
As of September 9th, shares of NYSE:EL were down by $1.36 reaching a trading volume of 890,700 shares compared to the average volume of 2,078,663 shares. The company’s value has fluctuated over the past year ranging between $147.18 and $283.62 per share.
With a fifty-day moving average currently at $173.53 and a two-hundred-day moving average standing at $205.37, Estée Lauder Companies Inc.’s stocks have shown volatility that perplexes many investors.
The company’s market capitalization stands at $55.10 billion with a price-to-earnings ratio of 55.90 along with a PEG ratio of 3.46 signaling possible concerns regarding its potential growth opportunities relative to its stock value.
EL boasts a beta value of 1.03 indicating its sensitivity to market movements compared to the overall market’s fluctuations highlighting further complexity attached to evaluating the company’s performance within current economic circumstances.
Estée Lauder Companies announced its quarterly earnings results on August 18th, reporting an EPS (Earnings Per Share) of $0.07 for the quarter which exceeded analysts’ consensus estimates by $0.11 ($0.04). The company recorded revenue totaling $3.61 billion for Q4 against the expected revenue figure from analysts of around $3.48 billion, representing a 1.3% increase compared to the same period in the prior year.
Estée Lauder Companies showed a return on equity of 21.79% and a net margin of 6.32%. These positive figures are anticipated to reflect positively throughout their estimated average EPS of 3.66 for the current fiscal year.
The perplexing nature of Estée Lauder Companies’ stock positions and the contrasting opinions offered by research reports create an uncertain atmosphere surrounding its future prospects, making investors cautious in their approach.