The Estee Lauder Companies Inc. $EL Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. decreased its stake in The Estee Lauder Companies Inc. (NYSE:EL) by 36.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,374 shares of the company’s stock after selling 7,037 shares during the period. Pacer Advisors Inc.’s holdings in Estee Lauder Companies were worth $888,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EL. Covenant Asset Management LLC acquired a new stake in shares of Estee Lauder Companies in the 4th quarter worth about $3,634,000. Eurizon Capital SGR S.p.A. bought a new stake in Estee Lauder Companies in the 4th quarter valued at about $14,619,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Estee Lauder Companies during the 4th quarter valued at about $19,438,000. WT Asset Management Ltd boosted its stake in Estee Lauder Companies by 60.6% during the 4th quarter. WT Asset Management Ltd now owns 53,000 shares of the company’s stock valued at $5,550,000 after purchasing an additional 20,000 shares during the period. Finally, LBP AM SA grew its position in Estee Lauder Companies by 159.4% in the 4th quarter. LBP AM SA now owns 93,674 shares of the company’s stock worth $9,810,000 after purchasing an additional 57,565 shares during the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on EL. UBS Group raised their price target on shares of Estee Lauder Companies from $85.00 to $86.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. The Goldman Sachs Group began coverage on Estee Lauder Companies in a report on Monday, June 22nd. They issued a “buy” rating and a $100.00 price objective for the company. Jefferies Financial Group raised their target price on Estee Lauder Companies from $80.00 to $88.00 and gave the company a “hold” rating in a research report on Tuesday, July 28th. Piper Sandler started coverage on Estee Lauder Companies in a research note on Friday, May 15th. They set an “overweight” rating and a $95.00 target price on the stock. Finally, Sanford C. Bernstein assumed coverage on Estee Lauder Companies in a research note on Friday, June 12th. They issued a “market perform” rating and a $82.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $96.95.

Estee Lauder Companies Stock Performance

EL opened at $88.34 on Monday. The company has a market capitalization of $31.96 billion, a price-to-earnings ratio of -126.19, a price-to-earnings-growth ratio of 0.69 and a beta of 1.25. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.27 and a quick ratio of 0.94. The Estee Lauder Companies Inc. has a 1-year low of $66.22 and a 1-year high of $121.64. The business has a 50 day moving average price of $83.83 and a two-hundred day moving average price of $88.29.

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.