EverSource Wealth Advisors LLC Purchases 1,565 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

EverSource Wealth Advisors LLC grew its position in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 415.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,942 shares of the company’s stock after acquiring an additional 1,565 shares during the period. EverSource Wealth Advisors LLC’s holdings in Estée Lauder Companies were worth $146,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Ameliora Wealth Management Ltd. purchased a new position in Estée Lauder Companies in the 4th quarter worth $29,000. Deseret Mutual Benefit Administrators grew its position in Estée Lauder Companies by 68.7% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company’s stock worth $29,000 after acquiring an additional 158 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in Estée Lauder Companies in the 4th quarter worth approximately $30,000. Eagle Bay Advisors LLC lifted its position in Estée Lauder Companies by 297.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock valued at $30,000 after purchasing an additional 300 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of Estée Lauder Companies by 42.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company’s stock valued at $36,000 after purchasing an additional 141 shares during the period. 55.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EL has been the subject of a number of recent analyst reports. Barclays lowered their price target on shares of Estée Lauder Companies from $71.00 to $64.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Royal Bank of Canada reiterated an “outperform” rating and set a $100.00 target price on shares of Estée Lauder Companies in a report on Friday, January 31st. Canaccord Genuity Group reduced their price target on Estée Lauder Companies from $76.00 to $70.00 and set a “hold” rating on the stock in a report on Wednesday, February 5th. DA Davidson reiterated a “buy” rating and issued a $81.00 price objective on shares of Estée Lauder Companies in a report on Tuesday, February 25th. Finally, Stifel Nicolaus decreased their target price on 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 research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $86.00.

Estée Lauder Companies Price Performance

EL opened at $68.97 on Tuesday. The firm has a market cap of $24.76 billion, a PE ratio of -35.37, a P/E/G ratio of 6.09 and a beta of 1.08. The stock has a 50-day moving average price of $73.45 and a 200-day moving average price of $78.49. The Estée Lauder Companies Inc. has a 1 year low of $62.29 and a 1 year high of $155.73. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.37 and a quick ratio of 0.97.

Estée Lauder Companies (NYSE:EL) last issued its earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share (EPS) for the quarter, topping 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 business had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.98 billion. During the same period in the previous year, the company earned $0.88 earnings per share. The business’s revenue for the quarter was down 6.4% compared to the same quarter last year. Sell-side analysts predict that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current fiscal year.

Estée Lauder Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend was Friday, February 28th. Estée Lauder Companies’s payout ratio is -71.79%.

Insider Transactions at Estée Lauder Companies

In related news, CFO Akhil Shrivastava purchased 700 shares of Estée Lauder Companies stock in a transaction dated Wednesday, February 5th. The stock was purchased at an average cost of $65.79 per share, for a total transaction of $46,053.00. Following the completion of the purchase, the chief financial officer now directly owns 2,381 shares of the company’s stock, valued at $156,645.99. The trade was a 41.64 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Paul J. Fribourg acquired 43,000 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The shares were bought at an average cost of $66.35 per share, with a total value of $2,853,050.00. Following the completion of the acquisition, the director now directly owns 430,800 shares of the company’s stock, valued at $28,583,580. The trade was a 11.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 12.78% of the company’s stock.

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.