American Century Companies Inc. Has $297.73 Million Stake in The Estee Lauder Companies Inc. $EL

Key Points

• American Century Companies Inc. increased its stake in The Estee Lauder Companies Inc. by 34.9%, acquiring an additional 1,167,508 shares in the first quarter, resulting in ownership of 4,511,115 shares valued at approximately $297.7 million.
• The stock is currently trading at $89.72 with a P/E ratio of -37.08 and has seen a significant drop of 5.8% recently, amid a market capitalization of $32.28 billion.
• Analysts have mixed ratings for the stock, with new price targets ranging from $84.00 to $110.00, highlighting thirteen hold ratings and eight buy ratings.

American Century Companies Inc. increased its holdings in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 34.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,511,115 shares of the company's stock after acquiring an additional 1,167,508 shares during the period. American Century Companies Inc. owned about 1.26% of Estee Lauder Companies worth $297,734,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Annis Gardner Whiting Capital Advisors LLC grew its stake in Estee Lauder Companies by 1,182.1% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 500 shares of the company's stock valued at $33,000 after purchasing an additional 461 shares in the last quarter. Winthrop Capital Management LLC grew its stake in Estee Lauder Companies by 2,240.0% in the first quarter. Winthrop Capital Management LLC now owns 585 shares of the company's stock valued at $39,000 after purchasing an additional 560 shares in the last quarter. Golden State Wealth Management LLC grew its stake in Estee Lauder Companies by 57.3% in the first quarter. Golden State Wealth Management LLC now owns 626 shares of the company's stock valued at $41,000 after purchasing an additional 228 shares in the last quarter. CVA Family Office LLC grew its stake in Estee Lauder Companies by 116.2% in the first quarter. CVA Family Office LLC now owns 668 shares of the company's stock valued at $44,000 after purchasing an additional 359 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in Estee Lauder Companies by 41.0% in the first quarter. Farther Finance Advisors LLC now owns 787 shares of the company's stock valued at $53,000 after purchasing an additional 229 shares in the last quarter. 55.15% of the stock is owned by hedge funds and other institutional investors.

Estee Lauder Companies Stock Performance

Shares of EL stock traded down $0.6240 during mid-day trading on Tuesday, reaching $90.1160. The stock had a trading volume of 6,000,695 shares, compared to its average volume of 4,136,338. The firm's 50 day simple moving average is $85.23 and its 200 day simple moving average is $71.84. The company has a quick ratio of 1.02, a current ratio of 1.41 and a debt-to-equity ratio of 1.68. The Estee Lauder Companies Inc. has a one year low of $48.37 and a one year high of $103.44. The firm has a market cap of $32.42 billion, a PE ratio of -37.24, a P/E/G ratio of 6.49 and a beta of 1.18.

Wall Street Analyst Weigh In

A number of analysts have weighed in on EL shares. Piper Sandler reaffirmed an "overweight" rating and issued a $75.00 price target (down previously from $92.00) on shares of Estee Lauder Companies in a research report on Friday, May 2nd. JPMorgan Chase & Co. raised Estee Lauder Companies from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $62.00 to $101.00 in a research note on Friday, July 25th. Barclays raised their price objective on Estee Lauder Companies from $63.00 to $84.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 15th. Citigroup raised their price objective on Estee Lauder Companies from $60.00 to $99.00 and gave the company a "neutral" rating in a research note on Tuesday, July 15th. Finally, Telsey Advisory Group raised their price objective on Estee Lauder Companies from $66.00 to $99.00 and gave the company a "market perform" rating in a research note on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $86.95.

Estee 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.