ExodusPoint Capital Management LP Grows Stock Position in The Estée Lauder Companies Inc. (NYSE:EL)

ExodusPoint Capital Management LP increased its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 574.5% in the 4th quarter, HoldingsChannel reports. The firm owned 91,420 shares of the company’s stock after purchasing an additional 77,866 shares during the period. ExodusPoint Capital Management LP’s holdings in Estée Lauder Companies were worth $6,855,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Centre Asset Management LLC acquired a new position in shares of Estée Lauder Companies during the fourth quarter worth about $8,585,000. Franklin Resources Inc. grew its holdings in Estée Lauder Companies by 47.5% during the 3rd quarter. Franklin Resources Inc. now owns 141,804 shares of the company’s stock worth $13,392,000 after acquiring an additional 45,687 shares in the last quarter. Harrell Investment Partners LLC increased its position in shares of Estée Lauder Companies by 52.1% in the 4th quarter. Harrell Investment Partners LLC now owns 10,285 shares of the company’s stock valued at $771,000 after purchasing an additional 3,524 shares during the last quarter. Washington Capital Management Inc. purchased a new stake in shares of Estée Lauder Companies in the 4th quarter valued at approximately $352,000. Finally, Bank Pictet & Cie Europe AG raised its holdings in shares of Estée Lauder Companies by 5.4% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 91,200 shares of the company’s stock valued at $6,838,000 after purchasing an additional 4,690 shares in the last quarter. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. CICC Research began coverage on Estée Lauder Companies in a report on Friday, December 27th. They issued a “market perform” rating and a $82.00 target price on the stock. UBS Group boosted their target price on Estée Lauder Companies from $74.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. JPMorgan Chase & Co. increased their price target on shares of Estée Lauder Companies from $74.00 to $79.00 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Piper Sandler boosted their price objective on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Finally, 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 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 stock. Based on data from MarketBeat.com, Estée Lauder Companies currently has an average rating of “Hold” and an average price target of $86.00.

Estée Lauder Companies Trading Down 9.1 %

Shares of EL stock opened at $52.89 on Friday. The Estée Lauder Companies Inc. has a twelve month low of $51.48 and a twelve month high of $149.91. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 1.75. The business’s 50 day moving average is $70.31 and its two-hundred day moving average is $76.35. The company has a market capitalization of $18.99 billion, a P/E ratio of -27.12, a price-to-earnings-growth ratio of 6.09 and a beta of 1.10.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 earnings per share (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 company had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.98 billion. During the same period in the previous year, the company posted $0.88 EPS. Estée Lauder Companies’s revenue was down 6.4% compared to the same quarter last year. Equities analysts forecast that The Estée Lauder Companies Inc. will post 1.36 EPS for the current year.

Estée Lauder Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were given a $0.35 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a yield of 2.65%. Estée Lauder Companies’s payout ratio is currently -71.79%.

Insider Buying and Selling at Estée Lauder Companies

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

About Estée Lauder Companies

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.