Renaissance Technologies LLC Acquires 9,200 Shares of The Estee Lauder Companies Inc. $EL

Renaissance Technologies LLC increased its holdings in The Estee Lauder Companies Inc. (NYSE:EL) by 42.0% in the first quarter, Holdings Channel.com reports. The firm owned 31,100 shares of the company’s stock after acquiring an additional 9,200 shares during the period. Renaissance Technologies LLC’s holdings in Estee Lauder Companies were worth $2,232,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Covenant Asset Management LLC bought a new stake in shares of Estee Lauder Companies in the 4th quarter valued at about $3,634,000. Eurizon Capital SGR S.p.A. purchased a new stake in Estee Lauder Companies during the 4th quarter valued at about $14,619,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Estee Lauder Companies during the 4th quarter worth approximately $19,438,000. WT Asset Management Ltd grew its position 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 worth $5,550,000 after acquiring an additional 20,000 shares during the last quarter. Finally, LBP AM SA increased its stake 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 period. Institutional investors own 55.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on EL shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Estee Lauder Companies in a research report on Friday, July 31st. Jefferies Financial Group raised their target price on shares of Estee Lauder Companies from $80.00 to $88.00 and gave the stock a “hold” rating in a report on Tuesday, July 28th. Barclays lifted their target price on shares of Estee Lauder Companies from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 21st. UBS Group upped 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. Finally, Wells Fargo & Company increased their price target on shares of Estee Lauder Companies from $75.00 to $85.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $96.95.

Estee Lauder Companies Stock Down 1.4%

Shares of Estee Lauder Companies stock opened at $87.09 on Tuesday. 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 company has a 50-day moving average of $83.85 and a 200 day moving average of $88.10. The firm has a market cap of $31.51 billion, a price-to-earnings ratio of -124.41, a PEG ratio of 0.69 and a beta of 1.25. The Estee Lauder Companies Inc. has a 1 year low of $66.22 and a 1 year high of $121.64.

About Estee Lauder Companies

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.