Flossbach Von Storch SE Purchases 115,613 Shares of The Estee Lauder Companies Inc. $EL

Flossbach Von Storch SE grew its holdings in shares of The Estee Lauder Companies Inc. (NYSE:EL) by 194.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 175,000 shares of the company’s stock after buying an additional 115,613 shares during the quarter. Flossbach Von Storch SE’s holdings in Estee Lauder Companies were worth $15,421,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Asset Dedication LLC raised its holdings in Estee Lauder Companies by 258.7% during the 2nd quarter. Asset Dedication LLC now owns 391 shares of the company’s stock valued at $32,000 after buying an additional 282 shares during the period. Quent Capital LLC purchased a new position in Estee Lauder Companies during the 3rd quarter worth $33,000. Golden State Wealth Management LLC grew its holdings in Estee Lauder Companies by 69.5% during the 2nd quarter. Golden State Wealth Management LLC now owns 512 shares of the company’s stock worth $41,000 after acquiring an additional 210 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new position in Estee Lauder Companies during the second quarter valued at approximately $42,000. Finally, Ameritas Advisory Services LLC bought a new stake in Estee Lauder Companies during the second quarter valued at about $44,000. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Insiders Place Their Bets

In other news, VP Meridith Webster sold 5,430 shares of Estee Lauder Companies stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $87.84, for a total value of $476,971.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Barry S. Sternlicht sold 3,972 shares of the firm’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $91.83, for a total value of $364,748.76. Following the completion of the sale, the director owned 34,812 shares in the company, valued at approximately $3,196,785.96. This represents a 10.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 13.05% of the company’s stock.

Wall Street Analyst Weigh In

EL has been the topic of a number of recent analyst reports. Wall Street Zen raised Estee Lauder Companies from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. Weiss Ratings reiterated a “sell (d)” rating on shares of Estee Lauder Companies in a research note on Thursday, January 22nd. Raymond James Financial raised Estee Lauder Companies from a “market perform” rating to a “strong-buy” rating and set a $130.00 target price on the stock in a report on Monday, January 5th. The Goldman Sachs Group raised Estee Lauder Companies from a “neutral” rating to a “buy” rating and boosted their price target for the company from $76.00 to $115.00 in a report on Monday, October 13th. Finally, Telsey Advisory Group lifted their target price on shares of Estee Lauder Companies from $99.00 to $105.00 and gave the company a “market perform” rating in a report on Friday, October 31st. Three equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Estee Lauder Companies presently has a consensus rating of “Hold” and a consensus target price of $101.78.

Estee Lauder Companies Trading Down 1.5%

Shares of EL opened at $114.64 on Thursday. The firm has a 50-day moving average price of $106.40 and a 200 day moving average price of $96.27. The firm has a market capitalization of $41.31 billion, a P/E ratio of -44.43, a P/E/G ratio of 1.37 and a beta of 1.15. The company has a current ratio of 1.32, a quick ratio of 0.92 and a debt-to-equity ratio of 1.88. The Estee Lauder Companies Inc. has a 12-month low of $48.37 and a 12-month high of $120.27.

Estee Lauder Companies (NYSE:EL) last posted its earnings results on Thursday, October 30th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.17. Estee Lauder Companies had a negative net margin of 6.44% and a positive return on equity of 14.92%. The company had revenue of $3.48 billion for the quarter, compared to analysts’ expectations of $3.38 billion. During the same quarter in the prior year, the company posted $0.14 earnings per share. Estee Lauder Companies’s revenue for the quarter was up 3.6% compared to the same quarter last year. Sell-side analysts forecast that The Estee Lauder Companies Inc. will post 1.36 EPS for the current year.

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.