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Koss Olinger Consulting LLC Makes New Investment in The Estee Lauder Companies Inc. (NYSE:EL)

Estee Lauder Companies logo with Consumer Staples background

Key Points

  • Koss Olinger Consulting LLC purchased 25,407 shares of The Estée Lauder Companies Inc. for approximately $1,677,000 in the first quarter, as reported in their SEC filing.
  • Multiple hedge funds significantly increased their stakes in Estée Lauder, with Annis Gardner Whiting Capital Advisors raising theirs by 1,182.1% in the same period, indicating growing institutional interest.
  • Barclays upgraded Estée Lauder's price target to $84.00 while JPMorgan Chase raised it to $101.00, reflecting analysts’ expectations for the company's growth amidst a relatively stable consensus rating of "Hold."
  • Want stock alerts on Estee Lauder Companies? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Koss Olinger Consulting LLC purchased a new stake in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 25,407 shares of the company's stock, valued at approximately $1,677,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Capital World Investors acquired a new position in shares of Estee Lauder Companies in the 4th quarter worth approximately $554,509,000. Independent Franchise Partners LLP increased its stake in Estee Lauder Companies by 45.5% during the 4th quarter. Independent Franchise Partners LLP now owns 7,858,158 shares of the company's stock valued at $589,205,000 after purchasing an additional 2,458,379 shares in the last quarter. Continental Grain Co. bought a new stake in Estee Lauder Companies during the 4th quarter valued at $29,077,000. Ensign Peak Advisors Inc grew its stake in shares of Estee Lauder Companies by 12.0% in the 4th quarter. Ensign Peak Advisors Inc now owns 3,608,142 shares of the company's stock worth $270,538,000 after acquiring an additional 385,677 shares in the last quarter. Finally, ASR Vermogensbeheer N.V. bought a new stake in shares of Estee Lauder Companies in the 1st quarter worth $25,216,000. Institutional investors and hedge funds own 55.15% of the company's stock.

Estee Lauder Companies Stock Performance

Shares of NYSE EL traded down $1.48 during trading hours on Monday, reaching $89.21. The stock had a trading volume of 2,820,879 shares, compared to its average volume of 3,471,899. The firm has a market cap of $32.09 billion, a price-to-earnings ratio of -36.86, a PEG ratio of 6.47 and a beta of 1.18. The company has a current ratio of 1.41, a quick ratio of 1.02 and a debt-to-equity ratio of 1.68. The Estee Lauder Companies Inc. has a fifty-two week low of $48.37 and a fifty-two week high of $103.44. The firm has a 50-day moving average of $82.47 and a 200-day moving average of $71.51.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on EL. B. Riley reissued a "neutral" rating and issued a $60.00 price target (down from $70.00) on shares of Estee Lauder Companies in a report on Friday, May 2nd. JPMorgan Chase & Co. raised shares of Estee Lauder Companies from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $62.00 to $101.00 in a report on Friday, July 25th. Wells Fargo & Company upped their price objective on shares of Estee Lauder Companies from $60.00 to $90.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 9th. Wall Street Zen upgraded shares of Estee Lauder Companies from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Finally, Deutsche Bank Aktiengesellschaft raised Estee Lauder Companies from a "hold" rating to a "buy" rating and increased their price objective for the company from $71.00 to $95.00 in a research note on Monday, June 23rd. Thirteen investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $84.50.

Read Our Latest Analysis on EL

Estee Lauder Companies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Estee Lauder Companies (NYSE:EL)

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