TD Waterhouse Canada Inc. Acquires 14,603 Shares of The Estee Lauder Companies Inc. $EL

TD Waterhouse Canada Inc. raised its holdings in shares of The Estee Lauder Companies Inc. (NYSE:EL) by 381.8% during the second quarter, HoldingsChannel reports. The fund owned 18,428 shares of the company’s stock after purchasing an additional 14,603 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Estee Lauder Companies were worth $1,520,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in EL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Estee Lauder Companies by 4.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,898 shares of the company’s stock worth $1,709,000 after acquiring an additional 1,177 shares during the last quarter. NewEdge Advisors LLC grew its stake in Estee Lauder Companies by 33.4% in the 1st quarter. NewEdge Advisors LLC now owns 6,992 shares of the company’s stock worth $462,000 after buying an additional 1,749 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Estee Lauder Companies by 24.1% in the 1st quarter. Empowered Funds LLC now owns 4,619 shares of the company’s stock worth $305,000 after buying an additional 898 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Estee Lauder Companies by 23.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 997 shares of the company’s stock valued at $81,000 after buying an additional 188 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Estee Lauder Companies by 55.5% during the 2nd quarter. First Trust Advisors LP now owns 13,522 shares of the company’s stock worth $1,093,000 after acquiring an additional 4,826 shares during the last quarter. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Estee Lauder Companies Stock Down 2.1%

Shares of NYSE EL opened at $101.66 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 1.22 and a debt-to-equity ratio of 1.79. The Estee Lauder Companies Inc. has a 52 week low of $66.22 and a 52 week high of $121.64. The firm’s fifty day moving average is $89.49 and its 200 day moving average is $86.09. The company has a market cap of $36.78 billion, a price-to-earnings ratio of 207.47, a PEG ratio of 1.20 and a beta of 1.28.

Estee Lauder Companies (NYSE:EL) last announced its quarterly earnings results on Wednesday, August 19th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.07. The business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.55 billion. Estee Lauder Companies had a net margin of 1.21% and a return on equity of 23.52%. The company’s revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.09 EPS. Estee Lauder Companies has set its FY 2027 guidance at 3.100-3.350 EPS. On average, equities research analysts expect that The Estee Lauder Companies Inc. will post 3.3 earnings per share for the current year.

Estee Lauder Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $1.40 annualized dividend and a dividend yield of 1.4%. Estee Lauder Companies’s payout ratio is 285.71%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on EL. Sanford C. Bernstein began coverage on shares of Estee Lauder Companies in a research report on Friday, June 12th. They issued a “market perform” rating and a $82.00 target price for the company. TD Cowen lifted their price target on Estee Lauder Companies from $90.00 to $100.00 and gave the stock a “hold” rating in a research note on Thursday, August 20th. Wells Fargo & Company upped their price objective on Estee Lauder Companies from $85.00 to $104.00 and gave the stock an “equal weight” rating in a report on Thursday, August 20th. Barclays increased their price objective on Estee Lauder Companies from $80.00 to $97.00 and gave the company an “equal weight” rating in a research report on Friday, August 21st. Finally, Citigroup boosted their target price on Estee Lauder Companies from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $104.67.

Insider Activity

In related news, VP Rashida La Lande sold 7,766 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $103.32, for a total transaction of $802,383.12. Following the completion of the transaction, the vice president owned 14,357 shares in the company, valued at $1,483,365.24. This represents a 35.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 13.05% of the company’s stock.

Estee Lauder Companies Profile

Estée Lauder Companies Inc (NYSE: EL) is a global leader in prestige beauty that develops, manufactures and markets a broad portfolio of skincare, makeup, fragrance and hair care products. Founded in 1946 by Estée Lauder, the company has grown from a small family business into a multinational consumer-products enterprise headquartered in New York City. Its activities span product research and development, brand and product marketing, manufacturing and global distribution across multiple retail channels.

The company’s portfolio includes a mix of legacy and prestige brands that target different consumer segments and price points, with well-known names such as Estée Lauder, Clinique, MAC, La Mer and Jo Malone among others.