Holocene Advisors LP Purchases 194,492 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Holocene Advisors LP increased its position in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 71.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 466,540 shares of the company’s stock after purchasing an additional 194,492 shares during the quarter. Holocene Advisors LP owned approximately 0.13% of Estée Lauder Companies worth $46,509,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in EL. Rothschild Investment LLC bought a new position in shares of Estée Lauder Companies in the second quarter valued at approximately $30,000. PARK CIRCLE Co acquired a new stake in Estée Lauder Companies during the 2nd quarter valued at $32,000. Kimelman & Baird LLC bought a new position in Estée Lauder Companies in the 2nd quarter valued at $32,000. Ashton Thomas Securities LLC bought a new position in Estée Lauder Companies in the 3rd quarter valued at $31,000. Finally, Chilton Capital Management LLC boosted its stake in Estée Lauder Companies by 63.9% in the second quarter. Chilton Capital Management LLC now owns 431 shares of the company’s stock worth $46,000 after purchasing an additional 168 shares in the last quarter. 55.15% of the stock is owned by institutional investors.

Estée Lauder Companies Price Performance

Shares of EL stock opened at $76.03 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 1.44. The Estée Lauder Companies Inc. has a 12-month low of $62.29 and a 12-month high of $159.75. The firm has a fifty day moving average of $81.43 and a 200-day moving average of $95.92. The firm has a market capitalization of $27.29 billion, a price-to-earnings ratio of 135.77, a price-to-earnings-growth ratio of 4.67 and a beta of 1.05.

Estée Lauder Companies (NYSE:EL) last posted its earnings results on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.37 billion. During the same period in the previous year, the firm earned $0.11 earnings per share. The company’s revenue was down 4.5% on a year-over-year basis. On average, equities research analysts forecast that The Estée Lauder Companies Inc. will post 1.48 earnings per share for the current year.

Estée Lauder Companies Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a dividend of $0.35 per share. The ex-dividend date is Friday, November 29th. This represents a $1.40 dividend on an annualized basis and a yield of 1.84%. Estée Lauder Companies’s payout ratio is 250.00%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. HSBC cut Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $100.00 price target for the company. in a report on Wednesday, October 16th. Morgan Stanley reduced their target price on shares of Estée Lauder Companies from $100.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Friday, November 1st. JPMorgan Chase & Co. cut shares of Estée Lauder Companies from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $113.00 to $74.00 in a research note on Friday, November 1st. Piper Sandler boosted their price objective on shares of Estée Lauder Companies from $114.00 to $122.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Finally, UBS Group lowered their target price on Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating for the company in a research note on Tuesday, August 20th. Nineteen investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Estée Lauder Companies has a consensus rating of “Hold” and an average target price of $98.57.

Insider Buying and Selling at Estée Lauder Companies

In other Estée Lauder Companies news, CEO Fabrizio Freda sold 10,969 shares of Estée Lauder Companies stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $67.76, for a total value of $743,259.44. Following the sale, the chief executive officer now owns 295,838 shares of the company’s stock, valued at $20,045,982.88. This trade represents a 3.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Paul J. Fribourg purchased 75,500 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was purchased at an average price of $64.93 per share, for a total transaction of $4,902,215.00. Following the completion of the acquisition, the director now owns 310,000 shares of the company’s stock, valued at approximately $20,128,300. This represents a 32.20 % increase in their ownership of the stock. The disclosure for this purchase 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.