Jefferies Financial Group Inc. Buys Shares of 10,824 The Estee Lauder Companies Inc. (NYSE:EL)

Key Points

• Jefferies Financial Group Inc. has acquired 10,824 shares of The Estee Lauder Companies Inc. valued at approximately $714,000 in the first quarter.
• Other institutional investors have also increased their stakes in Estee Lauder, with notable boosts from Winthrop Capital Management (2,240.0% increase) and CVA Family Office (116.2% increase).
• Analysts remain cautious with a consensus rating of "Hold" and a price target averaging at $84.50, amid recent price adjustments from various brokerages.

Jefferies Financial Group Inc. purchased a new position in shares of The Estee Lauder Companies Inc. (NYSE:EL - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 10,824 shares of the company's stock, valued at approximately $714,000.

Other institutional investors have also made changes to their positions in the company. Bank Pictet & Cie Europe AG raised its stake in shares of Estee Lauder Companies by 5.4% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 91,200 shares of the company's stock valued at $6,838,000 after acquiring an additional 4,690 shares in the last quarter. Mather Group LLC. raised its stake in shares of Estee Lauder Companies by 442.5% in the 1st quarter. Mather Group LLC. now owns 1,367 shares of the company's stock valued at $90,000 after acquiring an additional 1,115 shares in the last quarter. Golden State Wealth Management LLC raised its stake in shares of Estee Lauder Companies by 57.3% in the 1st quarter. Golden State Wealth Management LLC now owns 626 shares of the company's stock valued at $41,000 after acquiring an additional 228 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of Estee Lauder Companies by 70.2% in the 1st quarter. Bessemer Group Inc. now owns 4,753 shares of the company's stock valued at $313,000 after acquiring an additional 1,961 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in Estee Lauder Companies by 27.0% in the 1st quarter. GAMMA Investing LLC now owns 3,620 shares of the company's stock valued at $239,000 after buying an additional 770 shares during the last quarter. 55.15% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

EL has been the topic of several recent analyst reports. HSBC raised Estee Lauder Companies from a "hold" rating to a "buy" rating and lifted their price target for the stock from $80.00 to $99.00 in a research report on Friday, June 27th. JPMorgan Chase & Co. raised 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 research report on Friday, July 25th. Royal Bank Of Canada dropped their price target on Estee Lauder Companies from $100.00 to $90.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Canaccord Genuity Group dropped their price target on Estee Lauder Companies from $70.00 to $62.00 and set a "hold" rating on the stock in a research report on Tuesday, April 29th. Finally, Evercore ISI lifted their price target on Estee Lauder Companies from $90.00 to $100.00 and gave the stock an "outperform" rating in a research report on Thursday, June 26th. Thirteen equities research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $84.50.

Estee Lauder Companies Price Performance

Estee Lauder Companies stock traded up $1.07 on Thursday, reaching $91.22. The company's stock had a trading volume of 2,320,844 shares, compared to its average volume of 3,671,828. The company has a market cap of $32.82 billion, a price-to-earnings ratio of -37.69, a PEG ratio of 6.44 and a beta of 1.18. The Estee Lauder Companies Inc. has a twelve month low of $48.37 and a twelve month 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 business's fifty day moving average price is $81.54 and its 200 day moving average price is $71.45.

Estee Lauder Companies 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.