Janus Henderson Group PLC Boosts Stake in The Estee Lauder Companies Inc. $EL

Janus Henderson Group PLC boosted its position in shares of The Estee Lauder Companies Inc. (NYSE:EL) by 24.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,058 shares of the company’s stock after buying 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.

A number of other large investors have also added to or reduced their stakes in the company. Prime Capital Investment Advisors LLC grew its holdings in shares of Estee Lauder Companies by 3.2% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 2,823 shares of the company’s stock valued at $296,000 after purchasing an additional 88 shares in the last quarter. N.E.W. Advisory Services LLC raised its stake in 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 valued at $34,000 after purchasing an additional 91 shares in the last quarter. New Mexico Educational Retirement Board lifted its position in Estee Lauder Companies by 0.9% during the fourth quarter. New Mexico Educational Retirement Board now owns 10,724 shares of the company’s stock valued at $1,123,000 after purchasing an additional 100 shares during the last quarter. Greenleaf Trust lifted its position in Estee Lauder Companies by 3.2% during the fourth quarter. Greenleaf Trust now owns 3,579 shares of the company’s stock valued at $375,000 after purchasing an additional 110 shares during the last quarter. Finally, Allworth Financial LP grew its stake in shares of Estee Lauder Companies by 6.6% in the 4th quarter. Allworth Financial LP now owns 1,789 shares of the company’s stock worth $187,000 after buying an additional 110 shares in the last quarter. Institutional investors own 55.15% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on EL. TD Cowen boosted their target price on shares of Estee Lauder Companies from $85.00 to $90.00 and gave the stock a “hold” rating in a report on Tuesday, July 21st. Piper Sandler assumed coverage on Estee Lauder Companies in a research report on Friday, May 15th. They issued an “overweight” rating and a $95.00 price target for the company. Canaccord Genuity Group boosted their price objective on Estee Lauder Companies from $80.00 to $85.00 and gave the stock a “hold” rating in a research note on Monday, May 4th. Citigroup upped their price objective on Estee Lauder Companies from $92.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Finally, Barclays raised their price objective on Estee Lauder Companies from $75.00 to $80.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Estee Lauder Companies presently has a consensus rating of “Hold” and an average price target of $96.95.

Estee Lauder Companies Stock Performance

Shares of NYSE:EL opened at $88.34 on Friday. The firm has a market cap of $31.96 billion, a PE ratio of -126.19, a price-to-earnings-growth ratio of 0.69 and a beta of 1.25. The firm’s 50 day simple moving average is $83.83 and its 200-day simple moving average is $88.48. The Estee Lauder Companies Inc. has a one year low of $66.22 and a one year high of $121.64. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.94 and a current ratio of 1.27.

About Estee Lauder Companies

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.