Transcend Capital Advisors LLC Invests $558,000 in The Estée Lauder Companies Inc. (NYSE:EL)

Transcend Capital Advisors LLC bought a new position in The Estée Lauder Companies Inc. (NYSE:EL) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,244 shares of the company’s stock, valued at approximately $558,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wetzel Investment Advisors Inc. lifted its position in Estée Lauder Companies by 8.3% during the first quarter. Wetzel Investment Advisors Inc. now owns 885 shares of the company’s stock valued at $128,000 after purchasing an additional 68 shares during the period. Tradewinds Capital Management LLC increased its holdings in Estée Lauder Companies by 34.1% during the first quarter. Tradewinds Capital Management LLC now owns 295 shares of the company’s stock valued at $45,000 after buying an additional 75 shares during the last quarter. Cullen Frost Bankers Inc. increased its holdings in Estée Lauder Companies by 0.5% during the fourth quarter. Cullen Frost Bankers Inc. now owns 16,682 shares of the company’s stock valued at $2,440,000 after buying an additional 76 shares during the last quarter. Haverford Trust Co increased its holdings in Estée Lauder Companies by 2.3% during the first quarter. Haverford Trust Co now owns 3,409 shares of the company’s stock valued at $525,000 after buying an additional 78 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its holdings in Estée Lauder Companies by 25.6% during the first quarter. Massmutual Trust Co. FSB ADV now owns 402 shares of the company’s stock valued at $62,000 after buying an additional 82 shares during the last quarter. Institutional investors own 55.15% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on EL shares. JPMorgan Chase & Co. reduced their target price on shares of Estée Lauder Companies from $145.00 to $129.00 and set an “overweight” rating for the company in a report on Friday, July 12th. Barclays reduced their target price on shares of Estée Lauder Companies from $136.00 to $117.00 and set an “equal weight” rating for the company in a report on Friday, July 19th. Piper Sandler reduced their price objective on shares of Estée Lauder Companies from $141.00 to $108.00 and set a “neutral” rating for the company in a research note on Thursday, July 11th. Wells Fargo & Company reduced their price objective on shares of Estée Lauder Companies from $163.00 to $130.00 and set an “overweight” rating for the company in a research note on Wednesday, July 10th. Finally, The Goldman Sachs Group reduced their price objective on shares of Estée Lauder Companies from $130.00 to $115.00 and set a “neutral” rating for the company in a research note on Wednesday, July 17th. Fifteen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Estée Lauder Companies presently has an average rating of “Hold” and a consensus target price of $147.87.

Insider Buying and Selling at Estée Lauder Companies

In other news, insider Peter Jueptner sold 12,786 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $130.62, for a total value of $1,670,107.32. Following the completion of the sale, the insider now owns 5,578 shares in the company, valued at approximately $728,598.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Peter Jueptner sold 12,786 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $130.62, for a total value of $1,670,107.32. Following the completion of the sale, the insider now owns 5,578 shares in the company, valued at approximately $728,598.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jane Lauder sold 14,976 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $121.26, for a total transaction of $1,815,989.76. Following the completion of the sale, the executive vice president now owns 57,389 shares of the company’s stock, valued at approximately $6,958,990.14. The disclosure for this sale can be found here. Insiders sold 42,255 shares of company stock worth $5,453,232 over the last 90 days. 12.77% of the stock is owned by insiders.

Estée Lauder Companies Price Performance

EL stock traded down $1.62 during trading on Friday, hitting $95.50. 2,596,078 shares of the company’s stock traded hands, compared to its average volume of 2,930,829. The Estée Lauder Companies Inc. has a 52 week low of $93.52 and a 52 week high of $175.31. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.15 and a current ratio of 1.58. The business has a fifty day simple moving average of $109.50 and a 200 day simple moving average of $130.20. The stock has a market capitalization of $34.24 billion, a price-to-earnings ratio of 53.65, a P/E/G ratio of 1.79 and a beta of 0.99.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.48 by $0.49. Estée Lauder Companies had a net margin of 4.18% and a return on equity of 13.08%. The business had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same quarter last year, the business earned $0.47 earnings per share. Estée Lauder Companies’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, research analysts expect that The Estée Lauder Companies Inc. will post 2.21 EPS for the current fiscal year.

Estée Lauder Companies Company 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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.