The Estée Lauder Companies Inc. (NYSE:EL) Stake Boosted by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its position in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 58.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 25,470 shares of the company’s stock after buying an additional 9,427 shares during the period. Janney Montgomery Scott LLC’s holdings in Estée Lauder Companies were worth $1,910,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of EL. State Street Corp lifted its position in shares of Estée Lauder Companies by 9.5% in the third quarter. State Street Corp now owns 10,575,926 shares of the company’s stock worth $1,054,314,000 after purchasing an additional 913,470 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Estée Lauder Companies by 79.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company’s stock worth $570,600,000 after buying an additional 2,533,006 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Estée Lauder Companies by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 4,679,154 shares of the company’s stock valued at $464,587,000 after buying an additional 70,307 shares during the period. Van ECK Associates Corp grew its holdings in shares of Estée Lauder Companies by 36.4% during the 3rd quarter. Van ECK Associates Corp now owns 4,041,911 shares of the company’s stock valued at $402,938,000 after acquiring an additional 1,078,926 shares in the last quarter. Finally, Two Sigma Advisers LP increased its stake in shares of Estée Lauder Companies by 80.8% in the third quarter. Two Sigma Advisers LP now owns 2,934,200 shares of the company’s stock worth $292,510,000 after acquiring an additional 1,310,900 shares during the last quarter. 55.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Estée Lauder Companies

In other Estée Lauder Companies news, Director Paul J. Fribourg acquired 77,500 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were acquired at an average price of $64.01 per share, with a total value of $4,960,775.00. Following the completion of the transaction, the director now directly owns 234,500 shares in the company, valued at $15,010,345. This trade represents a 49.36 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 12.78% of the stock is currently owned by insiders.

Estée Lauder Companies Price Performance

Shares of EL opened at $83.51 on Monday. The stock has a market cap of $29.98 billion, a P/E ratio of 149.13, a price-to-earnings-growth ratio of 5.85 and a beta of 1.02. The Estée Lauder Companies Inc. has a 1 year low of $62.29 and a 1 year high of $159.75. The stock’s 50-day moving average price is $77.10 and its two-hundred day moving average price is $83.95. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 1.44.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.05. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The company had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.37 billion. During the same period in the prior year, the company earned $0.11 earnings per share. The company’s revenue for the quarter was down 4.5% compared to the same quarter last year. On average, equities analysts predict that The Estée Lauder Companies Inc. will post 1.49 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on EL shares. Stifel Nicolaus downgraded Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $125.00 price target for the company. in a research note on Thursday, October 31st. Canaccord Genuity Group dropped their price target on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Telsey Advisory Group restated a “market perform” rating and set a $76.00 price target on shares of Estée Lauder Companies in a report on Tuesday, January 28th. TD Cowen dropped their price objective on Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Finally, CICC Research initiated coverage on Estée Lauder Companies in a research note on Friday, December 27th. They set a “market perform” rating and a $82.00 target price for the company. Twenty research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $92.95.

Estée Lauder Companies Profile

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, and powders, as well as compacts, brushes, and other makeup tools.