70,764 Shares in The Estee Lauder Companies Inc. $EL Acquired by S&CO Inc.

S&CO Inc. acquired a new stake in shares of The Estee Lauder Companies Inc. (NYSE:EL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 70,764 shares of the company’s stock, valued at approximately $5,586,000.

A number of other institutional investors have also recently added to or reduced their stakes in EL. Stoneridge Investment Partners LLC bought a new stake in Estee Lauder Companies in the second quarter worth approximately $597,000. Walker Asset Management LLC bought a new position in shares of Estee Lauder Companies during the 2nd quarter valued at $209,000. Tema ETFs LLC raised its holdings in shares of Estee Lauder Companies by 9.3% during the 2nd quarter. Tema ETFs LLC now owns 5,100 shares of the company’s stock valued at $403,000 after purchasing an additional 435 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in shares of Estee Lauder Companies by 18.1% in the 2nd quarter. Handelsbanken Fonder AB now owns 158,498 shares of the company’s stock valued at $12,513,000 after purchasing an additional 24,322 shares during the last quarter. Finally, Czech National Bank lifted its stake in shares of Estee Lauder Companies by 4.5% in the 2nd quarter. Czech National Bank now owns 70,388 shares of the company’s stock valued at $5,557,000 after purchasing an additional 3,059 shares during the last quarter. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Estee Lauder Companies Price Performance

Shares of NYSE:EL opened at $86.05 on Friday. The company has a market cap of $31.13 billion, a price-to-earnings ratio of -122.92, a PEG ratio of 0.68 and a beta of 1.25. The business has a 50 day moving average price of $84.20 and a 200 day moving average price of $87.44. 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 Estee Lauder Companies Inc. has a twelve month low of $66.22 and a twelve month high of $121.64.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on EL. Sanford C. Bernstein started coverage on shares of Estee Lauder Companies in a report on Friday, June 12th. They issued a “market perform” rating and a $82.00 price objective for the company. Barclays raised their target price on Estee Lauder Companies from $75.00 to $80.00 and gave the company an “equal weight” rating in a report on Tuesday, July 21st. Telsey Advisory Group reduced their price target on Estee Lauder Companies from $105.00 to $90.00 and set a “market perform” rating for the company in a research report on Monday, May 4th. The Goldman Sachs Group began coverage on Estee Lauder Companies in a research note on Monday, June 22nd. They set a “buy” rating and a $100.00 price target for the company. Finally, Wells Fargo & Company increased their price objective 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. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Estee Lauder Companies has an average rating of “Hold” and a consensus price target of $96.95.

Estee Lauder Companies Company 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.