ING Groep NV decreased its holdings in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 84.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,692 shares of the company's stock after selling 25,018 shares during the period. ING Groep NV's holdings in Estee Lauder Companies were worth $310,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the business. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Estee Lauder Companies by 0.7% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 24,633 shares of the company's stock worth $1,626,000 after buying an additional 171 shares during the period. DAVENPORT & Co LLC raised its position in shares of Estee Lauder Companies by 5.1% in the 1st quarter. DAVENPORT & Co LLC now owns 3,796 shares of the company's stock worth $251,000 after acquiring an additional 185 shares in the last quarter. Utah Retirement Systems lifted its stake in shares of Estee Lauder Companies by 0.5% during the 4th quarter. Utah Retirement Systems now owns 38,236 shares of the company's stock worth $2,867,000 after purchasing an additional 200 shares during the last quarter. First Hawaiian Bank boosted its position in Estee Lauder Companies by 2.9% during the first quarter. First Hawaiian Bank now owns 7,200 shares of the company's stock valued at $475,000 after purchasing an additional 200 shares in the last quarter. Finally, State of Michigan Retirement System grew its stake in Estee Lauder Companies by 0.3% in the first quarter. State of Michigan Retirement System now owns 63,538 shares of the company's stock valued at $4,194,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 55.15% of the company's stock.
Analyst Ratings Changes
Several research firms have commented on EL. HSBC raised shares of Estee Lauder Companies from a "hold" rating to a "buy" rating and increased their price target for the company from $80.00 to $99.00 in a research report on Friday, June 27th. Citigroup increased their target price on shares of Estee Lauder Companies from $60.00 to $99.00 and gave the company a "neutral" rating in a research report on Tuesday, July 15th. JPMorgan Chase & Co. raised shares of Estee Lauder Companies from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $62.00 to $101.00 in a report on Friday, July 25th. Hsbc Global Res upgraded Estee Lauder Companies from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Finally, B. Riley reaffirmed 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. Thirteen research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $84.50.
Read Our Latest Research Report on EL
Estee Lauder Companies Stock Down 1.0%
NYSE:EL opened at $90.06 on Thursday. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.41 and a quick ratio of 1.02. The company's fifty day moving average price is $81.54 and its 200-day moving average price is $71.45. The Estee Lauder Companies Inc. has a 1-year low of $48.37 and a 1-year high of $103.44. The firm has a market capitalization of $32.40 billion, a P/E ratio of -37.21, a PEG ratio of 6.49 and a beta of 1.18.
Estee Lauder Companies Company Profile
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Free Report)
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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