Edgestream Partners L.P. Grows Position in The Estee Lauder Companies Inc. $EL

Edgestream Partners L.P. grew its position in The Estee Lauder Companies Inc. (NYSE:EL) by 16.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,449 shares of the company’s stock after purchasing an additional 8,981 shares during the period. Edgestream Partners L.P.’s holdings in Estee Lauder Companies were worth $4,482,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Kentucky Retirement Systems lifted its position in Estee Lauder Companies by 37.4% during the first quarter. Kentucky Retirement Systems now owns 21,140 shares of the company’s stock valued at $1,592,000 after buying an additional 5,759 shares in the last quarter. Janus Henderson Group PLC grew its stake in Estee Lauder Companies by 24.9% during the first quarter. Janus Henderson Group PLC now owns 31,058 shares of the company’s stock worth $2,228,000 after buying an additional 6,184 shares during the period. Amundi grew its stake in Estee Lauder Companies by 33.8% during the first quarter. Amundi now owns 1,909,911 shares of the company’s stock worth $137,074,000 after buying an additional 482,185 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Estee Lauder Companies by 37.8% in the first quarter. EverSource Wealth Advisors LLC now owns 1,349 shares of the company’s stock worth $97,000 after acquiring an additional 370 shares in the last quarter. Finally, California State Teachers Retirement System increased its position in shares of Estee Lauder Companies by 1.1% in the first quarter. California State Teachers Retirement System now owns 386,795 shares of the company’s stock worth $27,760,000 after acquiring an additional 4,077 shares in the last quarter. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Zacks Research lowered shares of Estee Lauder Companies from a “strong-buy” rating to a “hold” rating in a report on Friday, July 10th. Wall Street Zen downgraded Estee Lauder Companies from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Wells Fargo & Company increased their price target on Estee Lauder Companies from $75.00 to $85.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Canaccord Genuity Group raised their price objective on Estee Lauder Companies from $80.00 to $85.00 and gave the company a “hold” rating in a research report on Monday, May 4th. Finally, Citigroup boosted their price objective on Estee Lauder Companies from $92.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $96.95.

Estee Lauder Companies Trading Down 1.3%

EL opened at $83.80 on Friday. The firm has a market capitalization of $30.32 billion, a P/E ratio of -119.71, a P/E/G ratio of 0.66 and a beta of 1.27. The firm’s 50 day moving average is $84.10 and its 200-day moving average is $89.49. The Estee Lauder Companies Inc. has a 52-week low of $66.22 and a 52-week high of $121.64. The company has a quick ratio of 0.94, a current ratio of 1.27 and a debt-to-equity ratio of 1.71.

Estee Lauder Companies (NYSE:EL) last posted its earnings results on Friday, May 1st. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.25. The business had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.69 billion. Estee Lauder Companies had a negative net margin of 1.67% and a positive return on equity of 20.66%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.65 earnings per share. Analysts expect that The Estee Lauder Companies Inc. will post 2.41 EPS for the current fiscal year.

About Estee Lauder Companies

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.