Rathbones Group PLC Has $9.58 Million Stake in The Estee Lauder Companies Inc. $EL

Rathbones Group PLC lessened its stake in shares of The Estee Lauder Companies Inc. (NYSE:EL) by 46.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 133,449 shares of the company’s stock after selling 117,902 shares during the period. Rathbones Group PLC’s holdings in Estee Lauder Companies were worth $9,578,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of EL. Optiver Holding B.V. bought a new stake in Estee Lauder Companies during the first quarter worth about $130,000. Bank of America Corp DE boosted its holdings in shares of Estee Lauder Companies by 950.9% in the 1st quarter. Bank of America Corp DE now owns 13,843,765 shares of the company’s stock valued at $993,567,000 after purchasing an additional 12,526,471 shares in the last quarter. Edgestream Partners L.P. increased its stake in shares of Estee Lauder Companies by 16.8% in the 1st quarter. Edgestream Partners L.P. now owns 62,449 shares of the company’s stock valued at $4,482,000 after purchasing an additional 8,981 shares during the last quarter. Kentucky Retirement Systems raised its holdings in shares of Estee Lauder Companies by 37.4% during the 1st quarter. Kentucky Retirement Systems now owns 21,140 shares of the company’s stock worth $1,592,000 after buying an additional 5,759 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of Estee Lauder Companies by 24.9% during the 1st quarter. Janus Henderson Group PLC now owns 31,058 shares of the company’s stock worth $2,228,000 after buying an additional 6,184 shares during the last quarter. Institutional investors own 55.15% of the company’s stock.

Estee Lauder Companies Stock Performance

Shares of EL stock opened at $84.71 on Tuesday. The business’s 50-day moving average price is $84.03 and its 200-day moving average price is $89.10. The Estee Lauder Companies Inc. has a 12 month low of $66.22 and a 12 month high of $121.64. The firm has a market capitalization of $30.65 billion, a price-to-earnings ratio of -121.01, a PEG ratio of 0.65 and a beta of 1.25. The company has a current ratio of 1.27, a quick ratio of 0.94 and a debt-to-equity ratio of 1.71.

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on EL shares. Barclays lifted their target price on Estee Lauder Companies from $75.00 to $80.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 21st. The Goldman Sachs Group initiated coverage on shares of Estee Lauder Companies in a report on Monday, June 22nd. They issued a “buy” rating and a $100.00 target price for the company. UBS Group lifted their price target on shares of Estee Lauder Companies from $85.00 to $86.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. Wells Fargo & Company upped their price objective on shares of Estee Lauder Companies from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. Finally, Telsey Advisory Group cut their target price on shares of Estee Lauder Companies from $105.00 to $90.00 and set a “market perform” rating on the stock in a research report 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 given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target 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.