The Estee Lauder Companies Inc. $EL Shares Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. increased its stake in shares of The Estee Lauder Companies Inc. (NYSE:EL) by 16.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,449 shares of the company’s stock after purchasing an additional 8,981 shares during the quarter. Edgestream Partners L.P.’s holdings in Estee Lauder Companies were worth $4,482,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EL. REAP Financial Group LLC acquired a new stake in shares of Estee Lauder Companies during the 4th quarter worth about $27,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna acquired a new position in shares of Estee Lauder Companies in the fourth quarter valued at approximately $27,000. Flagship Harbor Advisors LLC acquired a new position in shares of Estee Lauder Companies in the fourth quarter valued at approximately $32,000. N.E.W. Advisory Services LLC lifted its stake 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 valued at $34,000 after buying an additional 91 shares during the period. Finally, DV Equities LLC purchased a new position in shares of Estee Lauder Companies during the fourth quarter valued at approximately $36,000. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on EL shares. JPMorgan Chase & Co. decreased their target price 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. The Goldman Sachs Group started coverage on Estee Lauder Companies in a report on Monday, June 22nd. They issued a “buy” rating and a $100.00 price target for the company. Wells Fargo & Company increased their price target on Estee Lauder Companies from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Citigroup raised their price objective on Estee Lauder Companies from $92.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Finally, Weiss Ratings lowered Estee Lauder Companies from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 4th. 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. Based on data from MarketBeat.com, Estee Lauder Companies presently has an average rating of “Hold” and a consensus target price of $96.95.

Estee Lauder Companies Price Performance

Estee Lauder Companies stock opened at $83.80 on Friday. The Estee Lauder Companies Inc. has a 1 year low of $66.22 and a 1 year high of $121.64. The firm has a 50 day moving average price of $84.10 and a 200 day moving average price of $89.49. The company has a market cap of $30.32 billion, a price-to-earnings ratio of -119.71, a PEG ratio of 0.66 and a beta of 1.27. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.94 and a current ratio of 1.27.

Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Friday, May 1st. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.66 by $0.25. The firm had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.69 billion. Estee Lauder Companies had a negative net margin of 1.67% and a positive return on equity of 20.66%. Estee Lauder Companies’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.65 earnings per share. Sell-side analysts predict that The Estee Lauder Companies Inc. will post 2.41 earnings per share for the current year.

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.