Invesco Ltd. Purchases 1,200,537 Shares of The Estee Lauder Companies Inc. (NYSE:EL)

Key Points

• Invesco Ltd. increased its stake in The Estee Lauder Companies Inc. by 21.9% during Q1, now owning approximately 6.68 million shares worth about $441 million.
• Various institutional investors made notable adjustments to their positions in Estee Lauder Companies, with 55.15% of the company's stock owned by institutional investors.
• Analysts have set new price targets for Estee Lauder Companies, with recommendations varying from "hold" to "strong buy", reflecting mixed sentiment in the market.

Invesco Ltd. lifted its position in shares of The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 21.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,681,785 shares of the company's stock after acquiring an additional 1,200,537 shares during the quarter. Invesco Ltd. owned approximately 1.86% of Estee Lauder Companies worth $440,998,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in EL. Bank Pictet & Cie Europe AG grew its stake in shares of Estee Lauder Companies by 5.4% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 91,200 shares of the company's stock worth $6,838,000 after purchasing an additional 4,690 shares during the period. American Assets Inc. acquired a new stake in shares of Estee Lauder Companies during the fourth quarter worth $487,000. Federated Hermes Inc. grew its stake in shares of Estee Lauder Companies by 25.8% during the fourth quarter. Federated Hermes Inc. now owns 1,345 shares of the company's stock worth $101,000 after purchasing an additional 276 shares during the period. Advisory Services Network LLC grew its stake in shares of Estee Lauder Companies by 22.0% during the fourth quarter. Advisory Services Network LLC now owns 3,466 shares of the company's stock worth $260,000 after purchasing an additional 624 shares during the period. Finally, Bessemer Group Inc. grew its stake in shares of Estee Lauder Companies by 19.7% during the fourth quarter. Bessemer Group Inc. now owns 2,792 shares of the company's stock worth $209,000 after purchasing an additional 460 shares during the period. Institutional investors own 55.15% of the company's stock.

Estee Lauder Companies Stock Performance

Shares of NYSE EL opened at $90.76 on Monday. The stock has a 50 day moving average price of $82.47 and a 200 day moving average price of $71.51. The Estee Lauder Companies Inc. has a 52 week low of $48.37 and a 52 week high of $103.44. 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 stock has a market capitalization of $32.65 billion, a PE ratio of -37.50, a price-to-earnings-growth ratio of 6.47 and a beta of 1.18.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Hsbc Global Res raised Estee Lauder Companies from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 27th. Canaccord Genuity Group decreased their target price on Estee Lauder Companies from $70.00 to $62.00 and set a "hold" rating for the company in a research note on Tuesday, April 29th. Wells Fargo & Company boosted their target price on Estee Lauder Companies from $60.00 to $90.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 9th. JPMorgan Chase & Co. raised Estee Lauder Companies from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $62.00 to $101.00 in a research note on Friday, July 25th. Finally, Evercore ISI boosted their target price on Estee Lauder Companies from $90.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, June 26th. Thirteen analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Estee Lauder Companies has an average rating of "Hold" and a consensus price target of $84.50.

About Estee Lauder Companies

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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