Deutsche Bank AG Has $112.85 Million Position in The Estee Lauder Companies Inc. (NYSE:EL)

Key Points

• Deutsche Bank AG increased its stake in The Estee Lauder Companies Inc. by 26.8%, owning approximately 1.7 million shares worth $112.85 million as of its latest filing.
• A number of hedge funds significantly boosted their holdings in Estee Lauder, with Annis Gardner Whiting Capital Advisors increasing its positions by 1,182.1% during the first quarter.
• Wall Street analysts have varied opinions on Estee Lauder, with Deutsche Bank upgrading its rating from "hold" to "buy" and setting a price target of $95.00, while B. Riley lowered theirs from $70.00 to $60.00.

Deutsche Bank AG lifted its stake in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 26.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,709,797 shares of the company's stock after acquiring an additional 361,487 shares during the quarter. Deutsche Bank AG owned approximately 0.48% of Estee Lauder Companies worth $112,847,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Annis Gardner Whiting Capital Advisors LLC boosted its holdings 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 worth $33,000 after purchasing an additional 461 shares in the last quarter. Winthrop Capital Management LLC boosted its holdings 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 worth $39,000 after purchasing an additional 560 shares in the last quarter. Golden State Wealth Management LLC boosted its holdings 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 worth $41,000 after purchasing an additional 228 shares in the last quarter. CVA Family Office LLC boosted its holdings in 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 purchasing an additional 359 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in Estee Lauder Companies by 41.0% in the first quarter. Farther Finance Advisors LLC now owns 787 shares of the company's stock worth $53,000 after purchasing an additional 229 shares in the last quarter. 55.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on EL shares. Deutsche Bank Aktiengesellschaft upgraded shares of Estee Lauder Companies from a "hold" rating to a "buy" rating and upped their price objective for the stock from $71.00 to $95.00 in a report on Monday, June 23rd. B. Riley reiterated a "neutral" rating and issued a $60.00 price objective (down from $70.00) on shares of Estee Lauder Companies in a report on Friday, May 2nd. Telsey Advisory Group restated a "market perform" rating and set a $76.00 price target on shares of Estee Lauder Companies in a report on Thursday, May 1st. JPMorgan Chase & Co. upgraded shares of Estee Lauder Companies from a "neutral" rating to an "overweight" rating and upped their price target for the company from $62.00 to $101.00 in a report on Friday, July 25th. Finally, Canaccord Genuity Group decreased their price target on shares of Estee Lauder Companies from $70.00 to $62.00 and set a "hold" rating for the company in a report on Tuesday, April 29th. 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. According to data from MarketBeat, Estee Lauder Companies presently has a consensus rating of "Hold" and an average target price of $84.50.

Estee Lauder Companies Stock Down 0.5%

NYSE EL opened at $90.76 on Friday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.02 and a current ratio of 1.41. The firm has a 50-day simple moving average of $82.47 and a 200 day simple moving average of $71.57. The Estee Lauder Companies Inc. has a twelve month low of $48.37 and a twelve month high of $103.44. The stock has a market cap of $32.65 billion, a PE ratio of -37.50, a PEG ratio of 6.47 and a beta of 1.18.

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.

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