Quantinno Capital Management LP Has $13.07 Million Position in The Estee Lauder Companies Inc. $EL

Quantinno Capital Management LP boosted its holdings in The Estee Lauder Companies Inc. (NYSE:EL) by 11.8% during the first quarter, HoldingsChannel.com reports. The fund owned 182,104 shares of the company’s stock after purchasing an additional 19,174 shares during the period. Quantinno Capital Management LP’s holdings in Estee Lauder Companies were worth $13,070,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. SummitTX Capital L.P. bought a new position in Estee Lauder Companies during the first quarter worth about $7,608,000. Weiss Asset Management LP bought a new stake in shares of Estee Lauder Companies in the 1st quarter valued at approximately $3,215,000. OMERS ADMINISTRATION Corp raised its holdings in shares of Estee Lauder Companies by 29.0% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 10,767 shares of the company’s stock worth $773,000 after buying an additional 2,419 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Estee Lauder Companies by 59.8% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 15,532 shares of the company’s stock worth $1,115,000 after buying an additional 5,813 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Estee Lauder Companies by 42.0% during the 1st quarter. Renaissance Technologies LLC now owns 31,100 shares of the company’s stock worth $2,232,000 after buying an additional 9,200 shares during the period. Institutional investors and hedge funds own 55.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Wells Fargo & Company boosted their price target on Estee Lauder Companies from $75.00 to $85.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Sanford C. Bernstein initiated coverage on Estee Lauder Companies in a report on Friday, June 12th. They set a “market perform” rating and a $82.00 price objective for the company. JPMorgan Chase & Co. reduced 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 note on Thursday, July 16th. Telsey Advisory Group lowered 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 report on Monday, May 4th. Finally, Citigroup increased their target price on shares of Estee Lauder Companies from $92.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $96.95.

Estee Lauder Companies Stock Up 1.0%

NYSE EL opened at $84.71 on Tuesday. The stock’s 50 day simple moving average is $84.03 and its 200 day simple moving average is $89.10. The Estee Lauder Companies Inc. has a one year low of $66.22 and a one year high of $121.64. The firm has a market cap of $30.65 billion, a PE ratio of -121.01, a price-to-earnings-growth ratio of 0.65 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.

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