Sei Investments Co. Increases Stake in The Estee Lauder Companies Inc. $EL

Sei Investments Co. raised its stake in The Estee Lauder Companies Inc. (NYSE:EL) by 8.9% in the first quarter, HoldingsChannel reports. The fund owned 76,606 shares of the company’s stock after purchasing an additional 6,238 shares during the period. Sei Investments Co.’s holdings in Estee Lauder Companies were worth $5,498,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of Estee Lauder Companies by 3.9% during the 4th quarter. Vanguard Group Inc. now owns 27,952,869 shares of the company’s stock worth $2,927,224,000 after purchasing an additional 1,043,746 shares during the period. State Street Corp lifted its stake in shares of Estee Lauder Companies by 4.2% in the 4th quarter. State Street Corp now owns 11,585,782 shares of the company’s stock valued at $1,213,263,000 after purchasing an additional 467,195 shares during the period. Schroder Investment Management Group lifted its stake in shares of Estee Lauder Companies by 185.3% in the 4th quarter. Schroder Investment Management Group now owns 8,140,550 shares of the company’s stock valued at $861,596,000 after purchasing an additional 5,286,875 shares during the period. Independent Franchise Partners LLP boosted its holdings in Estee Lauder Companies by 1.1% during the fourth quarter. Independent Franchise Partners LLP now owns 7,837,249 shares of the company’s stock worth $820,717,000 after buying an additional 83,857 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Estee Lauder Companies by 22.7% during the fourth quarter. Bank of New York Mellon Corp now owns 7,497,179 shares of the company’s stock worth $785,105,000 after buying an additional 1,384,678 shares in the last quarter. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Estee Lauder Companies Stock Performance

NYSE:EL opened at $86.88 on Wednesday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.94 and a current ratio of 1.27. The company has a fifty day moving average of $84.04 and a two-hundred day moving average of $88.89. The stock has a market capitalization of $31.43 billion, a PE ratio of -124.11, a P/E/G ratio of 0.66 and a beta of 1.25. The Estee Lauder Companies Inc. has a fifty-two week low of $66.22 and a fifty-two week high of $121.64.

Analyst Upgrades and Downgrades

EL has been the topic of several analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Estee Lauder Companies in a research report on Friday. 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. Piper Sandler initiated coverage on shares of 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. Canaccord Genuity Group lifted their price target on Estee Lauder Companies from $80.00 to $85.00 and gave the company a “hold” rating in a research note on Monday, May 4th. Finally, 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 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 issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average 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.