Avantax Advisory Services Inc. Buys Shares of 12,145 The Estee Lauder Companies Inc. (NYSE:EL)

Key Points

• Avantax Advisory Services Inc. has acquired a new stake in The Estee Lauder Companies Inc., purchasing 12,145 shares valued at approximately $802,000 during the first quarter of this year.
• Wall Street analysts have mixed ratings for Estee Lauder's stock, with target price estimates ranging from $62.00 to $110.00, reflecting cautious sentiment amidst an average "hold" rating from 13 analysts.
• Estee Lauder's stock has experienced a decline of 2.5%, and the company's recent earnings showed a revenue drop of 9.9% year-over-year, with a reported EPS of $0.65 outperforming the consensus estimate.

Avantax Advisory Services Inc. acquired a new position in shares of The Estee Lauder Companies Inc. (NYSE:EL - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 12,145 shares of the company's stock, valued at approximately $802,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EL. Bank Pictet & Cie Europe AG lifted its position in shares of Estee Lauder Companies by 5.4% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 91,200 shares of the company's stock valued at $6,838,000 after acquiring an additional 4,690 shares in the last quarter. American Assets Inc. purchased a new position in Estee Lauder Companies in the fourth quarter valued at about $487,000. Orion Portfolio Solutions LLC raised its position in Estee Lauder Companies by 32.0% during the fourth quarter. Orion Portfolio Solutions LLC now owns 3,203 shares of the company's stock valued at $240,000 after acquiring an additional 776 shares in the last quarter. ExodusPoint Capital Management LP boosted its holdings in Estee Lauder Companies by 574.5% in the fourth quarter. ExodusPoint Capital Management LP now owns 91,420 shares of the company's stock worth $6,855,000 after purchasing an additional 77,866 shares in the last quarter. Finally, Atlas Capital Advisors Inc. acquired a new stake in Estee Lauder Companies in the 4th quarter worth approximately $108,000. Institutional investors own 55.15% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EL. Stifel Nicolaus reduced their price target on shares of Estee Lauder Companies from $77.00 to $67.00 and set a "hold" rating for the company in a report on Thursday, April 10th. HSBC upgraded shares of Estee Lauder Companies from a "hold" rating to a "buy" rating and upped their price target for the stock from $80.00 to $99.00 in a research report on Friday, June 27th. B. Riley reaffirmed a "neutral" rating and set a $60.00 price target (down previously from $70.00) on shares of Estee Lauder Companies in a research note on Friday, May 2nd. Wells Fargo & Company upped their target price on shares of Estee Lauder Companies from $60.00 to $90.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 9th. Finally, Hsbc Global Res upgraded shares of Estee Lauder Companies from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 27th. Thirteen research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Estee Lauder Companies has a consensus rating of "Hold" and an average target price of $84.50.

Estee Lauder Companies Stock Down 1.0%

Shares of NYSE:EL traded down $0.87 during midday trading on Wednesday, hitting $90.06. 2,329,881 shares of the company's stock were exchanged, compared to its average volume of 3,721,839. The Estee Lauder Companies Inc. has a 12 month low of $48.37 and a 12 month high of $103.44. The company has a market cap of $32.40 billion, a PE ratio of -37.21, a price-to-earnings-growth ratio of 6.49 and a beta of 1.18. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.41 and a quick ratio of 1.02. The stock has a 50 day moving average price of $81.07 and a 200-day moving average price of $71.32.

Estee Lauder Companies Company 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.