Burgundy Asset Management Ltd. Cuts Stock Position in The Estee Lauder Companies Inc. $EL

Key Points

• Burgundy Asset Management Ltd. reduced its holdings in The Estee Lauder Companies by 3.0%, selling 14,054 shares during the first quarter, now owning approximately 0.13% of the company.
• In the same period, other institutional investors like Invesco Ltd. and American Century Companies Inc. increased their stakes significantly, indicating a diverse investment interest in Estee Lauder.
• The stock currently has a market capitalization of $32.69 billion, with a recent price target adjustment from several analysts, reflecting mixed outlooks among investment firms.

Burgundy Asset Management Ltd. cut its stake in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 3.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 452,353 shares of the company's stock after selling 14,054 shares during the quarter. Burgundy Asset Management Ltd. owned about 0.13% of Estee Lauder Companies worth $29,855,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Capital World Investors bought a new stake in Estee Lauder Companies in the fourth quarter worth $554,509,000. Invesco Ltd. lifted its position in Estee Lauder Companies by 21.9% in the first quarter. Invesco Ltd. now owns 6,681,785 shares of the company's stock worth $440,998,000 after buying an additional 1,200,537 shares during the last quarter. American Century Companies Inc. lifted its position in Estee Lauder Companies by 34.9% in the first quarter. American Century Companies Inc. now owns 4,511,115 shares of the company's stock worth $297,734,000 after buying an additional 1,167,508 shares during the last quarter. Ensign Peak Advisors Inc lifted its position in Estee Lauder Companies by 12.0% in the fourth quarter. Ensign Peak Advisors Inc now owns 3,608,142 shares of the company's stock worth $270,538,000 after buying an additional 385,677 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Estee Lauder Companies by 3.9% in the first quarter. Bank of New York Mellon Corp now owns 3,088,880 shares of the company's stock worth $203,866,000 after buying an additional 117,330 shares during the last quarter. 55.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

EL has been the subject of a number of analyst reports. Wall Street Zen upgraded Estee Lauder Companies from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. B. Riley reiterated a "neutral" rating and set a $60.00 target price (down from $70.00) on shares of Estee Lauder Companies in a research report on Friday, May 2nd. Hsbc Global Res upgraded Estee Lauder Companies from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 27th. JPMorgan Chase & Co. upgraded Estee Lauder Companies from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $62.00 to $101.00 in a research report on Friday, July 25th. Finally, Barclays lifted their target price on Estee Lauder Companies from $63.00 to $84.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $86.95.

Estee Lauder Companies Stock Down 0.7%

Shares of Estee Lauder Companies stock traded down $0.6240 during trading on Tuesday, hitting $90.1160. 6,165,050 shares of the stock traded hands, compared to its average volume of 3,784,863. The firm has a market cap of $32.42 billion, a P/E ratio of -37.24, a price-to-earnings-growth ratio of 6.49 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 52-week low of $48.37 and a 52-week high of $103.44. The stock's fifty day simple moving average is $85.62 and its 200 day simple moving average is $71.96.

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.