Resona Asset Management Co. Ltd. Buys 6,023 Shares of The Estee Lauder Companies Inc. (NYSE:EL)

Resona Asset Management Co. Ltd. grew its stake in shares of The Estee Lauder Companies Inc. (NYSE:EL) by 8.8% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 74,246 shares of the company’s stock after acquiring an additional 6,023 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Estee Lauder Companies were worth $4,893,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Annis Gardner Whiting Capital Advisors LLC grew its stake in shares of Estee Lauder Companies by 1,182.1% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 500 shares of the company’s stock worth $33,000 after buying an additional 461 shares during the last quarter. Winthrop Capital Management LLC grew its stake in shares of Estee Lauder Companies by 2,240.0% during the first quarter. Winthrop Capital Management LLC now owns 585 shares of the company’s stock worth $39,000 after buying an additional 560 shares during the last quarter. Golden State Wealth Management LLC grew its stake in shares of Estee Lauder Companies by 57.3% during the first quarter. Golden State Wealth Management LLC now owns 626 shares of the company’s stock worth $41,000 after buying an additional 228 shares during the last quarter. CVA Family Office LLC grew its stake in shares of Estee Lauder Companies by 116.2% during the first quarter. CVA Family Office LLC now owns 668 shares of the company’s stock worth $44,000 after buying an additional 359 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of Estee Lauder Companies by 41.0% during the first quarter. Farther Finance Advisors LLC now owns 787 shares of the company’s stock worth $53,000 after buying an additional 229 shares during the last quarter. Institutional investors own 55.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on EL. Piper Sandler reaffirmed an “overweight” rating and set a $75.00 target price (down previously from $92.00) on shares of Estee Lauder Companies in a research note on Friday, May 2nd. Wall Street Zen raised shares of Estee Lauder Companies from a “sell” rating to a “hold” rating in a research note on Friday, June 27th. Barclays boosted their price objective on shares of Estee Lauder Companies from $63.00 to $84.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 15th. Bank of America initiated coverage on shares of Estee Lauder Companies in a research note on Thursday, July 10th. They issued a “buy” rating and a $110.00 price objective on the stock. Finally, Evercore ISI boosted their price objective on shares of Estee Lauder Companies from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, June 26th. Thirteen analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $85.80.

Estee Lauder Companies Price Performance

EL stock opened at $90.87 on Friday. The firm has a market cap of $32.69 billion, a price-to-earnings ratio of -37.55, a PEG ratio of 6.39 and a beta of 1.18. The company has a quick ratio of 1.02, a current ratio of 1.41 and a debt-to-equity ratio of 1.68. The Estee Lauder Companies Inc. has a 12-month low of $48.37 and a 12-month high of $103.44. The company’s fifty day simple moving average is $84.79 and its 200 day simple moving average is $71.95.

Estee Lauder Companies Profile

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, and powders, as well as compacts, brushes, and other makeup tools.