Prentice Capital Management LP Takes Position in The Estée Lauder Companies Inc. (NYSE:EL)

Prentice Capital Management LP acquired a new position in The Estée Lauder Companies Inc. (NYSE:EL) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,000 shares of the company’s stock, valued at approximately $498,000. Estée Lauder Companies accounts for approximately 1.1% of Prentice Capital Management LP’s portfolio, making the stock its 16th largest holding.

A number of other hedge funds also recently bought and sold shares of the company. Cetera Investment Advisers raised its stake in Estée Lauder Companies by 494.2% during the 1st quarter. Cetera Investment Advisers now owns 24,949 shares of the company’s stock worth $3,846,000 after acquiring an additional 20,750 shares during the period. Cetera Advisors LLC lifted its stake in shares of Estée Lauder Companies by 48.4% during the 1st quarter. Cetera Advisors LLC now owns 3,422 shares of the company’s stock valued at $527,000 after buying an additional 1,116 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Estée Lauder Companies by 31.8% in the 2nd quarter. GAMMA Investing LLC now owns 2,161 shares of the company’s stock worth $230,000 after buying an additional 522 shares during the period. Park Avenue Securities LLC increased its stake in Estée Lauder Companies by 114.9% in the 2nd quarter. Park Avenue Securities LLC now owns 5,896 shares of the company’s stock worth $627,000 after buying an additional 3,153 shares in the last quarter. Finally, Simplicity Wealth LLC raised its holdings in Estée Lauder Companies by 69.1% during the second quarter. Simplicity Wealth LLC now owns 34,518 shares of the company’s stock valued at $3,673,000 after acquiring an additional 14,109 shares during the period. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on EL shares. Canaccord Genuity Group decreased their target price on Estée Lauder Companies from $100.00 to $75.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. B. Riley reduced their price objective on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “neutral” rating on the stock in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Estée Lauder Companies from $98.00 to $75.00 and set a “hold” rating for the company in a research report on Monday, November 4th. HSBC cut shares of Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $100.00 price target on the stock. in a research note on Wednesday, October 16th. Finally, The Goldman Sachs Group cut their price objective on Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Nineteen investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $98.57.

Estée Lauder Companies Stock Up 1.9 %

Estée Lauder Companies stock opened at $77.45 on Wednesday. The Estée Lauder Companies Inc. has a 1-year low of $62.29 and a 1-year high of $159.75. The business has a fifty day moving average price of $80.93 and a 200-day moving average price of $95.07. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 0.90. The stock has a market capitalization of $27.80 billion, a price-to-earnings ratio of 138.30, a PEG ratio of 4.92 and a beta of 1.05.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.05. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The business had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.37 billion. During the same quarter last year, the company earned $0.11 earnings per share. The company’s quarterly revenue was down 4.5% on a year-over-year basis. Equities research analysts forecast that The Estée Lauder Companies Inc. will post 1.48 EPS for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.81%. Estée Lauder Companies’s dividend payout ratio is currently 250.00%.

Insider Transactions at Estée Lauder Companies

In other news, Director Paul J. Fribourg bought 77,500 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was purchased at an average price of $64.01 per share, with a total value of $4,960,775.00. Following the completion of the acquisition, the director now directly owns 234,500 shares of the company’s stock, valued at $15,010,345. This trade represents a 49.36 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Fabrizio Freda sold 10,969 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $67.76, for a total transaction of $743,259.44. Following the completion of the transaction, the chief executive officer now owns 295,838 shares in the company, valued at approximately $20,045,982.88. This trade represents a 3.58 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.78% of the company’s stock.

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.