Janus Henderson Group PLC Acquires 6,184 Shares of The Estee Lauder Companies Inc. $EL

Janus Henderson Group PLC raised its holdings in shares of The Estee Lauder Companies Inc. (NYSE:EL) by 24.9% during the first quarter, HoldingsChannel reports. The firm owned 31,058 shares of the company’s stock after purchasing an additional 6,184 shares during the period. Janus Henderson Group PLC’s holdings in Estee Lauder Companies were worth $2,228,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of EL. REAP Financial Group LLC bought a new position in shares of Estee Lauder Companies during the fourth quarter valued at approximately $27,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna bought a new position in Estee Lauder Companies in the fourth quarter worth approximately $27,000. Flagship Harbor Advisors LLC purchased a new stake in Estee Lauder Companies during the fourth quarter worth $32,000. N.E.W. Advisory Services LLC boosted its position in 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 valued at $34,000 after acquiring an additional 91 shares in the last quarter. Finally, DV Equities LLC bought a new stake in Estee Lauder Companies during the 4th quarter valued at $36,000. Institutional investors own 55.15% of the company’s stock.

Estee Lauder Companies Trading Up 3.3%

Shares of Estee Lauder Companies 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 firm’s 50 day simple moving average is $83.83 and its two-hundred day simple moving average is $88.48. The company has a current ratio of 1.27, a quick ratio of 0.94 and a debt-to-equity ratio of 1.71. The firm has a market capitalization of $31.96 billion, a price-to-earnings ratio of -126.19, a PEG ratio of 0.69 and a beta of 1.25.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. The Goldman Sachs Group started coverage on Estee Lauder Companies in a research report on Monday, June 22nd. They issued a “buy” rating and a $100.00 price target for the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Estee Lauder Companies in a research note on Friday, July 31st. Sanford C. Bernstein assumed coverage on shares of Estee Lauder Companies in a report on Friday, June 12th. They issued a “market perform” rating and a $82.00 target price for the company. Piper Sandler started coverage on shares of Estee Lauder Companies in a report on Friday, May 15th. They issued an “overweight” rating and a $95.00 price target on the stock. Finally, JPMorgan Chase & Co. cut their price objective on shares of Estee Lauder Companies from $99.00 to $94.00 and set an “overweight” rating on the stock in a research report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned 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.com, Estee Lauder Companies has an average rating of “Hold” and a consensus price target 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.