The Estee Lauder Companies Inc. $EL Stake Raised by Brandywine Global Investment Management LLC

Key Points

• Brandywine Global Investment Management LLC increased its stake in The Estee Lauder Companies by 58.8%, now holding 574,698 shares valued at approximately $37.9 million.
• Other hedge funds have also significantly raised their positions, with increases as high as 2,240% in the 1st quarter for some firms.
• The stock price of Estee Lauder Companies has seen a recent decline of 5.8% and currently has a consensus target price of $85.80 from analysts.

Brandywine Global Investment Management LLC lifted its position in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 58.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 574,698 shares of the company's stock after buying an additional 212,741 shares during the quarter. Brandywine Global Investment Management LLC owned about 0.16% of Estee Lauder Companies worth $37,930,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EL. Annis Gardner Whiting Capital Advisors LLC boosted its position in shares of 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 acquiring an additional 461 shares during the period. Winthrop Capital Management LLC boosted its stake in Estee Lauder Companies by 2,240.0% during the first quarter. Winthrop Capital Management LLC now owns 585 shares of the company's stock worth $39,000 after acquiring an additional 560 shares in the last quarter. Golden State Wealth Management LLC grew its holdings in shares of Estee Lauder Companies by 57.3% in the first quarter. Golden State Wealth Management LLC now owns 626 shares of the company's stock worth $41,000 after acquiring an additional 228 shares during the period. CVA Family Office LLC boosted its stake in shares of Estee Lauder Companies by 116.2% in the first quarter. CVA Family Office LLC now owns 668 shares of the company's stock worth $44,000 after acquiring an additional 359 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Estee Lauder Companies by 41.0% during the 1st quarter. Farther Finance Advisors LLC now owns 787 shares of the company's stock valued at $53,000 after purchasing an additional 229 shares during the last quarter. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Estee Lauder Companies Stock Performance

EL stock traded down $0.6240 during trading on Tuesday, reaching $90.1160. 5,993,098 shares of the company's stock were exchanged, compared to its average volume of 4,122,756. 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. 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 1-year low of $48.37 and a 1-year high of $103.44. The company's fifty day moving average price is $85.23 and its 200-day moving average price is $71.84.

Analysts Set New Price Targets

A number of analysts have recently issued reports on EL shares. Telsey Advisory Group lifted their price target on Estee Lauder Companies from $66.00 to $99.00 and gave the stock a "market perform" rating in a research note on Thursday, August 14th. B. Riley reissued a "neutral" rating and set a $60.00 price objective (down from $70.00) on shares of Estee Lauder Companies in a report on Friday, May 2nd. Wall Street Zen raised Estee Lauder Companies from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Bank of America assumed coverage on Estee Lauder Companies in a report on Thursday, July 10th. They issued a "buy" rating and a $110.00 price target for the company. Finally, JPMorgan Chase & Co. raised shares of Estee Lauder Companies from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $62.00 to $101.00 in a report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target 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.