The Estee Lauder Companies Inc. $EL Position Decreased by Pacer Advisors Inc.

Pacer Advisors Inc. lowered its holdings in The Estee Lauder Companies Inc. (NYSE:EL) by 36.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,374 shares of the company’s stock after selling 7,037 shares during the period. Pacer Advisors Inc.’s holdings in Estee Lauder Companies were worth $888,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in EL. REAP Financial Group LLC acquired a new position in Estee Lauder Companies in the fourth quarter worth approximately $27,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna acquired a new stake in shares of Estee Lauder Companies during the 4th quarter valued at $27,000. Flagship Harbor Advisors LLC bought a new stake in shares of Estee Lauder Companies during the 4th quarter worth $32,000. N.E.W. Advisory Services LLC boosted its stake in shares of Estee Lauder Companies by 39.1% during the 4th quarter. N.E.W. Advisory Services LLC now owns 324 shares of the company’s stock worth $34,000 after acquiring an additional 91 shares in the last quarter. Finally, DV Equities LLC acquired a new position in shares of Estee Lauder Companies in the 4th quarter worth $36,000. 55.15% of the stock is currently owned by institutional investors.

Estee Lauder Companies Price Performance

EL opened at $88.34 on Monday. The Estee Lauder Companies Inc. has a 12-month low of $66.22 and a 12-month 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. The firm has a market capitalization of $31.96 billion, a P/E ratio of -126.19, a PEG ratio of 0.69 and a beta of 1.25. The stock has a fifty day moving average of $83.83 and a 200-day moving average of $88.29.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on EL shares. Canaccord Genuity Group boosted their target price on Estee Lauder Companies from $80.00 to $85.00 and gave the stock a “hold” rating in a research report on Monday, May 4th. The Goldman Sachs Group started coverage on Estee Lauder Companies in a research note on Monday, June 22nd. They issued a “buy” rating and a $100.00 price target on the stock. Citigroup boosted their price objective on Estee Lauder Companies from $92.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Wells Fargo & Company upped their price objective on shares of Estee Lauder Companies from $75.00 to $85.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Estee Lauder Companies from $99.00 to $94.00 and set an “overweight” rating for the company in a report on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $96.95.

Estee Lauder Companies Profile

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.