Stoneridge Investment Partners LLC Takes Position in The Estee Lauder Companies Inc. $EL

Stoneridge Investment Partners LLC acquired a new stake in The Estee Lauder Companies Inc. (NYSE:EL) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 7,112 shares of the company’s stock, valued at approximately $597,000.

Several other hedge funds have also added to or reduced their stakes in the business. N.E.W. Advisory Services LLC grew its stake in Estee Lauder Companies by 39.1% in the fourth quarter. N.E.W. Advisory Services LLC now owns 324 shares of the company’s stock valued at $34,000 after acquiring an additional 91 shares during the period. New Mexico Educational Retirement Board increased its holdings in shares of Estee Lauder Companies by 0.9% in the fourth quarter. New Mexico Educational Retirement Board now owns 10,724 shares of the company’s stock worth $1,123,000 after acquiring an additional 100 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Estee Lauder Companies by 6.6% in the fourth quarter. Allworth Financial LP now owns 1,789 shares of the company’s stock worth $187,000 after acquiring an additional 110 shares in the last quarter. Parkside Financial Bank & Trust raised its position in shares of Estee Lauder Companies by 17.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 743 shares of the company’s stock worth $78,000 after purchasing an additional 113 shares during the period. Finally, Valeo Financial Advisors LLC raised its position in shares of Estee Lauder Companies by 4.4% during the fourth quarter. Valeo Financial Advisors LLC now owns 2,806 shares of the company’s stock worth $294,000 after purchasing an additional 117 shares during the period. Institutional investors and hedge funds own 55.15% of the company’s stock.

Wall Street Analyst Weigh In

EL has been the subject of several research analyst reports. Canaccord Genuity Group boosted their price objective on Estee Lauder Companies from $80.00 to $85.00 and gave the company a “hold” rating in a research report on Monday, May 4th. UBS Group increased their target price on Estee Lauder Companies from $85.00 to $86.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Wells Fargo & Company raised their target price on shares of Estee Lauder Companies from $75.00 to $85.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Telsey Advisory Group cut their price target on shares of Estee Lauder Companies from $105.00 to $90.00 and set a “market perform” rating on the stock in a research note on Monday, May 4th. Finally, 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 price target for the company. One investment 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, Estee Lauder Companies presently has a consensus rating of “Hold” and a consensus price target of $96.95.

Estee Lauder Companies Stock Performance

Shares of Estee Lauder Companies stock opened at $86.05 on Friday. The firm has a market cap of $31.13 billion, a price-to-earnings ratio of -122.92, a price-to-earnings-growth ratio of 0.68 and a beta of 1.25. The stock’s 50-day moving average is $84.20 and its 200-day moving average is $87.44. The Estee Lauder Companies Inc. has a one year low of $66.22 and a one year high of $121.64. 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 Company 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.