Handelsbanken Fonder AB Purchases 24,322 Shares of The Estee Lauder Companies Inc. $EL

Key Points

• Handelsbanken Fonder AB increased its Estee Lauder stake by 18.1% in the second quarter, purchasing 24,322 shares and bringing its total holdings to 158,498 shares valued at approximately $12.5 million.
• Institutional investors own 55.15% of Estee Lauder, while several other funds also initiated or expanded positions in the company.
• Analyst sentiment is mixed, with an overall “Hold” rating and an average price target of $96.95; the stock recently opened at $87.14 and has traded between $66.22 and $121.64 over the past year.

Handelsbanken Fonder AB increased its position in shares of The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 18.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 158,498 shares of the company's stock after purchasing an additional 24,322 shares during the quarter. Handelsbanken Fonder AB's holdings in Estee Lauder Companies were worth $12,513,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. REAP Financial Group LLC bought a new position in shares of Estee Lauder Companies during the 4th quarter worth approximately $27,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna purchased a new position in shares of Estee Lauder Companies in the 4th quarter worth approximately $27,000. Kozak & Associates Inc. bought a new position in shares of Estee Lauder Companies in the second quarter valued at approximately $30,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Estee Lauder Companies during the fourth quarter valued at approximately $32,000. Finally, N.E.W. Advisory Services LLC increased its position in shares of Estee Lauder Companies by 39.1% during the fourth quarter. N.E.W. Advisory Services LLC now owns 324 shares of the company's stock valued at $34,000 after acquiring an additional 91 shares during the last quarter. 55.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

EL has been the topic of several research analyst reports. Weiss Ratings reissued a "sell (d)" rating on shares of Estee Lauder Companies in a research report on Friday, July 31st. Jefferies Financial Group raised their target price 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. Piper Sandler started coverage on Estee Lauder Companies in a research note on Friday, May 15th. They set an "overweight" rating and a $95.00 target price on the stock. Canaccord Genuity Group boosted their price target on shares of Estee Lauder Companies from $80.00 to $85.00 and gave the stock a "hold" rating in a report on Monday, May 4th. Finally, Telsey Advisory Group decreased their price objective on shares of Estee Lauder Companies from $105.00 to $90.00 and set a "market perform" rating for the company in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $96.95.

Estee Lauder Companies Stock Performance

NYSE:EL opened at $87.14 on Friday. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.27 and a quick ratio of 0.94. The business has a fifty day simple moving average of $84.15 and a two-hundred day simple moving average of $87.45. The Estee Lauder Companies Inc. has a 1 year low of $66.22 and a 1 year high of $121.64. The company has a market capitalization of $31.53 billion, a P/E ratio of -124.48, a P/E/G ratio of 0.69 and a beta of 1.25.

Estee Lauder Companies Profile

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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