S&CO Inc. Acquires Shares of 70,764 The Estee Lauder Companies Inc. $EL

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

Several other institutional investors have also made changes to their positions in EL. Covenant Asset Management LLC acquired a new stake in Estee Lauder Companies during the 4th quarter valued at $3,634,000. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Estee Lauder Companies in the fourth quarter worth $14,619,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Estee Lauder Companies in the fourth quarter worth $19,438,000. WT Asset Management Ltd grew its holdings in shares of Estee Lauder Companies by 60.6% during the fourth quarter. WT Asset Management Ltd now owns 53,000 shares of the company’s stock valued at $5,550,000 after buying an additional 20,000 shares in the last quarter. Finally, Pictet Asset Management Holding SA grew its holdings in shares of Estee Lauder Companies by 14.6% during the first quarter. Pictet Asset Management Holding SA now owns 973,478 shares of the company’s stock valued at $69,854,000 after buying an additional 124,079 shares in the last quarter. 55.15% of the stock is owned by hedge funds and other institutional investors.

Estee Lauder Companies Trading Down 1.5%

NYSE EL opened at $86.05 on Friday. The Estee Lauder Companies Inc. has a 1-year low of $66.22 and a 1-year high of $121.64. 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 company has a market capitalization of $31.13 billion, a PE ratio of -122.92, a price-to-earnings-growth ratio of 0.68 and a beta of 1.25. The firm’s fifty day simple moving average is $84.20 and its 200-day simple moving average is $87.44.

Analyst Ratings Changes

Several research firms recently weighed in on EL. Piper Sandler initiated 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. TD Cowen raised their price objective on Estee Lauder Companies from $85.00 to $90.00 and gave the stock a “hold” rating in a research report on Tuesday, July 21st. Wells Fargo & Company lifted 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. Jefferies Financial Group upped their target price on Estee Lauder Companies from $80.00 to $88.00 and gave the company a “hold” rating in a report on Tuesday, July 28th. Finally, Zacks Research lowered shares of Estee Lauder Companies from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price 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.