First Trust Advisors LP Has $2.08 Million Stock Holdings in The Estee Lauder Companies Inc. $EL

First Trust Advisors LP decreased its position in shares of The Estee Lauder Companies Inc. (NYSE:EL) by 48.2% during the 1st quarter, Holdings Channel reports. The fund owned 29,006 shares of the company’s stock after selling 27,006 shares during the quarter. First Trust Advisors LP’s holdings in Estee Lauder Companies were worth $2,082,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of EL. REAP Financial Group LLC bought a new stake in Estee Lauder Companies in the fourth quarter valued at approximately $27,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna acquired a new stake in Estee Lauder Companies in the fourth quarter worth $27,000. Flagship Harbor Advisors LLC bought a new position in shares of Estee Lauder Companies during the fourth quarter worth $32,000. N.E.W. Advisory Services LLC boosted its position in shares of Estee Lauder Companies by 39.1% during the fourth quarter. N.E.W. Advisory Services LLC now owns 324 shares of the company’s stock worth $34,000 after purchasing 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 valued at $36,000. Institutional investors and hedge funds own 55.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on EL shares. Weiss Ratings restated a “sell (d)” rating on shares of Estee Lauder Companies in a research report on Friday, July 31st. JPMorgan Chase & Co. reduced their target price on Estee Lauder Companies from $99.00 to $94.00 and set an “overweight” rating on the stock in a report on Thursday, July 16th. Wells Fargo & Company boosted their target price on 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. Zacks Research downgraded Estee Lauder Companies from a “strong-buy” rating to a “hold” rating in a report on Friday, July 10th. Finally, Piper Sandler assumed coverage on Estee Lauder Companies in a research report on Friday, May 15th. They set an “overweight” rating and a $95.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Estee Lauder Companies has a consensus rating of “Hold” and a consensus price target of $96.95.

Estee Lauder Companies Stock Up 3.3%

Shares of EL stock opened at $88.34 on Friday. 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 fifty day moving average of $83.83 and a 200-day moving average of $88.48. The company has a market capitalization of $31.96 billion, a price-to-earnings ratio of -126.19, a P/E/G ratio of 0.69 and a beta of 1.25.

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.