Nicholas Investment Partners LP Sells 698 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Nicholas Investment Partners LP trimmed its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 9.1% in the second quarter, according to its most recent filing with the SEC. The firm owned 6,943 shares of the company’s stock after selling 698 shares during the period. Nicholas Investment Partners LP’s holdings in The Estée Lauder Companies were worth $2,208,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in EL. Jennison Associates LLC lifted its holdings in The Estée Lauder Companies by 17.5% during the 1st quarter. Jennison Associates LLC now owns 7,253,638 shares of the company’s stock valued at $2,109,721,000 after purchasing an additional 1,082,078 shares during the last quarter. Third Point LLC lifted its holdings in The Estée Lauder Companies by 382.5% during the 1st quarter. Third Point LLC now owns 965,000 shares of the company’s stock valued at $280,670,000 after purchasing an additional 765,000 shares during the last quarter. Lord Abbett & CO. LLC lifted its holdings in The Estée Lauder Companies by 326.8% during the 1st quarter. Lord Abbett & CO. LLC now owns 898,315 shares of the company’s stock valued at $261,275,000 after purchasing an additional 687,818 shares during the last quarter. Amundi Asset Management US Inc. lifted its holdings in The Estée Lauder Companies by 117.7% during the 1st quarter. Amundi Asset Management US Inc. now owns 1,153,072 shares of the company’s stock valued at $335,369,000 after purchasing an additional 623,469 shares during the last quarter. Finally, Royal Bank of Canada lifted its holdings in The Estée Lauder Companies by 15.7% during the 1st quarter. Royal Bank of Canada now owns 3,597,503 shares of the company’s stock valued at $1,046,333,000 after purchasing an additional 487,194 shares during the last quarter. 56.00% of the stock is owned by institutional investors.

Several equities analysts recently issued reports on EL shares. Royal Bank of Canada lifted their price target on shares of The Estée Lauder Companies from $348.00 to $365.00 and gave the company an “outperform” rating in a report on Friday, August 20th. Credit Suisse Group raised their price objective on shares of The Estée Lauder Companies from $350.00 to $365.00 and gave the company an “outperform” rating in a research report on Friday, August 20th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of The Estée Lauder Companies from $322.00 to $347.00 and gave the company a “hold” rating in a research report on Friday, August 20th. UBS Group started coverage on shares of The Estée Lauder Companies in a research report on Wednesday, June 23rd. They issued a “neutral” rating and a $323.00 price objective for the company. Finally, Evercore ISI raised their price objective on shares of The Estée Lauder Companies from $355.00 to $365.00 and gave the company an “outperform” rating in a research report on Friday, August 20th. Five research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $338.35.

In other news, Vice Chairman Sara E. Moss sold 3,451 shares of the business’s stock in a transaction on Thursday, September 2nd. The shares were sold at an average price of $342.56, for a total value of $1,182,174.56. Following the sale, the insider now owns 8,099 shares of the company’s stock, valued at $2,774,393.44. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Tracey Thomas Travis sold 26,792 shares of the business’s stock in a transaction on Friday, June 25th. The stock was sold at an average price of $310.01, for a total transaction of $8,305,787.92. Following the completion of the sale, the chief financial officer now directly owns 58,131 shares in the company, valued at approximately $18,021,191.31. The disclosure for this sale can be found here. In the last ninety days, insiders sold 360,567 shares of company stock worth $118,735,672. Insiders own 13.95% of the company’s stock.

The Estée Lauder Companies stock traded down $1.80 during midday trading on Friday, hitting $321.33. 2,249 shares of the stock were exchanged, compared to its average volume of 1,215,371. The company has a fifty day simple moving average of $330.50 and a two-hundred day simple moving average of $310.79. The Estée Lauder Companies Inc. has a 52 week low of $204.23 and a 52 week high of $347.82. The stock has a market capitalization of $116.09 billion, a PE ratio of 41.48, a P/E/G ratio of 3.94 and a beta of 0.94. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.91.

The Estée Lauder Companies (NYSE:EL) last released its quarterly earnings data on Wednesday, August 18th. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.28. The Estée Lauder Companies had a net margin of 17.70% and a return on equity of 44.03%. The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same quarter last year, the firm earned ($0.53) EPS. The Estée Lauder Companies’s quarterly revenue was up 62.0% compared to the same quarter last year. As a group, equities research analysts anticipate that The Estée Lauder Companies Inc. will post 7.51 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 15th. Shareholders of record on Tuesday, August 31st were paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend was Monday, August 30th. The Estée Lauder Companies’s payout ratio is currently 32.87%.

About The Estée Lauder Companies

The Estée Lauder Companies, Inc engages in the manufacture of skin care, makeup, fragrance and hair care products. It sells products under the following brand names: Estée Lauder, Clinique, Origins, MAC, Bobbi Brown, La Mer, Jo Malone London, Aveda and Too Faced. Its channels consist of department stores, multi-brand retailers, upscale perfumeries and pharmacies, and prestige salons and spas.

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Institutional Ownership by Quarter for The Estée Lauder Companies (NYSE:EL)

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