Quent Capital LLC Purchases 484 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Quent Capital LLC raised its position in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 278.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 658 shares of the company’s stock after acquiring an additional 484 shares during the period. Quent Capital LLC’s holdings in Estée Lauder Companies were worth $49,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Centre Asset Management LLC bought a new position in shares of Estée Lauder Companies in the fourth quarter worth about $8,585,000. Franklin Resources Inc. grew its holdings in shares of Estée Lauder Companies by 47.5% in the third quarter. Franklin Resources Inc. now owns 141,804 shares of the company’s stock worth $13,392,000 after purchasing an additional 45,687 shares during the last quarter. Harrell Investment Partners LLC grew its holdings in shares of Estée Lauder Companies by 52.1% in the fourth quarter. Harrell Investment Partners LLC now owns 10,285 shares of the company’s stock worth $771,000 after purchasing an additional 3,524 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Estée Lauder Companies by 79.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company’s stock worth $570,600,000 after purchasing an additional 2,533,006 shares during the last quarter. Finally, Paloma Partners Management Co grew its holdings in shares of Estée Lauder Companies by 729.4% in the third quarter. Paloma Partners Management Co now owns 47,500 shares of the company’s stock worth $4,735,000 after purchasing an additional 41,773 shares during the last quarter. Institutional investors own 55.15% of the company’s stock.

Insider Buying and Selling

In other Estée Lauder Companies news, CFO Akhil Shrivastava purchased 700 shares of Estée Lauder Companies stock in a transaction on Wednesday, February 5th. The stock was bought at an average cost of $65.79 per share, with a total value of $46,053.00. Following the transaction, the chief financial officer now owns 2,381 shares of the company’s stock, valued at $156,645.99. This represents a 41.64 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul J. Fribourg purchased 43,000 shares of Estée Lauder Companies stock in a transaction on Wednesday, February 5th. The shares were acquired at an average cost of $66.35 per share, with a total value of $2,853,050.00. Following the completion of the transaction, the director now directly owns 430,800 shares in the company, valued at $28,583,580. The trade was a 11.09 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 119,200 shares of company stock worth $7,801,318 in the last three months. Corporate insiders own 12.78% of the company’s stock.

Estée Lauder Companies Stock Up 1.0 %

EL stock opened at $69.72 on Friday. The firm has a 50 day moving average of $76.23 and a 200 day moving average of $82.25. The stock has a market capitalization of $25.03 billion, a PE ratio of -35.75, a price-to-earnings-growth ratio of 5.43 and a beta of 1.03. The company has a quick ratio of 0.90, a current ratio of 1.37 and a debt-to-equity ratio of 1.75. The Estée Lauder Companies Inc. has a 52 week low of $62.29 and a 52 week high of $159.54.

Estée Lauder Companies (NYSE:EL) last released its earnings results on Tuesday, February 4th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.30. The company had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.98 billion. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. Estée Lauder Companies’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same period last year, the business earned $0.88 EPS. Sell-side analysts forecast that The Estée Lauder Companies Inc. will post 1.37 earnings per share for the current year.

Estée Lauder Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend is Friday, February 28th. Estée Lauder Companies’s dividend payout ratio (DPR) is presently -71.79%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $100.00 price target on shares of Estée Lauder Companies in a report on Friday, January 31st. UBS Group upped their price objective on shares of Estée Lauder Companies from $74.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. DA Davidson reiterated a “buy” rating and set a $81.00 target price on shares of Estée Lauder Companies in a report on Wednesday, February 5th. TD Cowen dropped their target price on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Finally, Piper Sandler increased their target price on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Twenty analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Estée Lauder Companies has a consensus rating of “Hold” and a consensus target price of $86.00.

Estée Lauder Companies 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.