First Trust Advisors LP Has $2.08 Million Position in The Estee Lauder Companies Inc. $EL

Key Points

• First Trust Advisors LP cut its Estee Lauder position by 48.2% in the first quarter, selling 27,006 shares and retaining 29,006 shares valued at approximately $2.08 million.
• Institutional ownership remains significant at 55.15%, with several investors initiating or increasing positions in Estée Lauder during the fourth quarter.
• Analysts maintain a consensus “Hold” rating, with an average price target of $96.95; targets range from $82 to $94 among recent reports, while the stock recently opened at $88.34.

First Trust Advisors LP lessened its holdings in shares of The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 48.2% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 29,006 shares of the company's stock after selling 27,006 shares during the period. First Trust Advisors LP's holdings in Estee Lauder Companies were worth $2,082,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EL. Covenant Asset Management LLC acquired a new position in shares of Estee Lauder Companies during the fourth quarter worth approximately $3,634,000. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Estee Lauder Companies in the fourth quarter valued at approximately $14,619,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Estee Lauder Companies in the fourth quarter valued at approximately $19,438,000. WT Asset Management Ltd raised its position in Estee Lauder Companies by 60.6% in the 4th quarter. WT Asset Management Ltd now owns 53,000 shares of the company's stock worth $5,550,000 after purchasing an additional 20,000 shares during the last quarter. Finally, LBP AM SA raised its position in Estee Lauder Companies by 159.4% in the 4th quarter. LBP AM SA now owns 93,674 shares of the company's stock worth $9,810,000 after purchasing an additional 57,565 shares during the last quarter. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EL has been the topic of a number of recent research reports. Jefferies Financial Group increased their price objective on Estee Lauder Companies from $80.00 to $88.00 and gave the company a "hold" rating in a research report on Tuesday, July 28th. Sanford C. Bernstein started coverage on Estee Lauder Companies in a research report on Friday, June 12th. They set a "market perform" rating and a $82.00 target price for the company. Wells Fargo & Company upped their price target on Estee Lauder Companies from $75.00 to $85.00 and gave the company an "equal weight" rating in a research note on Monday, May 4th. Canaccord Genuity Group raised their price target on Estee Lauder Companies from $80.00 to $85.00 and gave the company a "hold" rating in a report on Monday, May 4th. Finally, JPMorgan Chase & Co. lowered their price objective on Estee Lauder Companies from $99.00 to $94.00 and set an "overweight" rating for the company in a research report on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Estee Lauder Companies presently has a consensus rating of "Hold" and an average target price of $96.95.

Estee Lauder Companies Price Performance

EL opened at $88.34 on Friday. The company has a fifty day moving average price of $83.83 and a two-hundred day moving average price of $88.48. The firm has a market capitalization of $31.96 billion, a PE ratio of -126.19, a P/E/G ratio of 0.69 and a beta of 1.25. The Estee Lauder Companies Inc. has a 52 week low of $66.22 and a 52 week high of $121.64. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.94 and a current ratio of 1.27.

About Estee Lauder Companies

Estée Lauder Companies Inc NYSE: EL is a global leader in prestige beauty that develops, manufactures and markets a broad portfolio of skincare, makeup, fragrance and hair care products. Founded in 1946 by Estée Lauder, the company has grown from a small family business into a multinational consumer-products enterprise headquartered in New York City. Its activities span product research and development, brand and product marketing, manufacturing and global distribution across multiple retail channels.

The company's portfolio includes a mix of legacy and prestige brands that target different consumer segments and price points, with well-known names such as Estée Lauder, Clinique, MAC, La Mer and Jo Malone among others.

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