Estee Lauder Companies, Inc. (The) (EL) Position Reduced by Bank of Nova Scotia

Bank of Nova Scotia lowered its position in shares of Estee Lauder Companies, Inc. (The) (NYSE:EL) by 71.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 78,766 shares of the company’s stock after selling 193,901 shares during the period. Bank of Nova Scotia’s holdings in Estee Lauder Companies, Inc. (The) were worth $6,679,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Columbus Circle Investors purchased a new position in shares of Estee Lauder Companies, Inc. (The) during the first quarter worth about $27,714,000. Quadrature Capital Ltd purchased a new position in shares of Estee Lauder Companies, Inc. (The) during the fourth quarter worth about $8,815,000. Americafirst Capital Management LLC purchased a new position in shares of Estee Lauder Companies, Inc. (The) during the first quarter worth about $1,895,000. Everence Capital Management Inc. purchased a new position in shares of Estee Lauder Companies, Inc. (The) during the first quarter worth about $634,000. Finally, New England Research & Management Inc. increased its position in shares of Estee Lauder Companies, Inc. (The) by 5.1% in the first quarter. New England Research & Management Inc. now owns 13,425 shares of the company’s stock worth $1,138,000 after buying an additional 650 shares during the last quarter. 54.70% of the stock is currently owned by institutional investors and hedge funds.

Shares of Estee Lauder Companies, Inc. (EL) traded down 0.53% during midday trading on Friday, reaching $99.00. 1,532,137 shares of the company traded hands. The stock’s 50-day moving average is $96.61 and its 200-day moving average is $88.80. The stock has a market capitalization of $36.42 billion, a P/E ratio of 33.18 and a beta of 0.71. Estee Lauder Companies, Inc. has a 1-year low of $75.29 and a 1-year high of $99.56.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last released its earnings results on Wednesday, May 3rd. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.18. Estee Lauder Companies, Inc. (The) had a return on equity of 33.40% and a net margin of 9.62%. The company had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter last year, the company earned $0.73 earnings per share. Estee Lauder Companies, Inc. (The)’s quarterly revenue was up 7.5% compared to the same quarter last year. Equities analysts predict that Estee Lauder Companies, Inc. will post $3.40 EPS for the current fiscal year.

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EL has been the topic of a number of analyst reports. Zacks Investment Research downgraded shares of Estee Lauder Companies, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, April 12th. Jefferies Group LLC raised shares of Estee Lauder Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a research report on Friday, June 2nd. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $106.00 price objective (up previously from $103.00) on shares of Estee Lauder Companies, Inc. (The) in a research report on Saturday, July 22nd. Deutsche Bank AG cut their price objective on shares of Estee Lauder Companies, Inc. (The) from $102.00 to $96.00 and set a “buy” rating on the stock in a research report on Thursday, May 4th. Finally, Piper Jaffray Companies initiated coverage on shares of Estee Lauder Companies, Inc. (The) in a research note on Monday, May 1st. They issued an “overweight” rating and a $93.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and fifteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $98.83.

In other news, insider John Demsey sold 27,524 shares of the firm’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $97.00, for a total value of $2,669,828.00. Following the completion of the transaction, the insider now owns 27,524 shares in the company, valued at $2,669,828. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Fabrizio Freda sold 15,880 shares of the firm’s stock in a transaction on Thursday, July 6th. The shares were sold at an average price of $95.08, for a total value of $1,509,870.40. Following the completion of the transaction, the insider now owns 74,188 shares of the company’s stock, valued at approximately $7,053,795.04. The disclosure for this sale can be found here. In the last three months, insiders sold 95,070 shares of company stock valued at $9,023,304. 16.98% of the stock is owned by corporate insiders.

Estee Lauder Companies, Inc. (The) Company Profile

The Estee Lauder Companies Inc manufactures and markets skin care, makeup, fragrance and hair care products. The Company offers products, including skin care, makeup, fragrance, hair care and other. The Company operates in beauty products segment. The Company’s products are sold in over 150 countries and territories under brand names, including Estee Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, MAC, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frederic Malle, GLAMGLOW, By Kilian, BECCA and Too Faced.

Institutional Ownership by Quarter for Estee Lauder Companies, Inc. (The) (NYSE:EL)

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