LPL Financial LLC Buys 12,804 Shares of The Estee Lauder Companies Inc. $EL

Key Points

• LPL Financial LLC has increased its stock holdings in The Estee Lauder Companies Inc. (NYSE:EL) by 24.8%, now owning 64,503 shares valued at approximately $4.26 million.
• Multiple institutional investors have also significantly boosted their positions in Estee Lauder Companies, with increases ranging from 41.0% to 2240.0% during the first quarter.
• The stock is currently priced at $89.72, with a twelve-month low of $48.37 and high of $103.44, reflecting fluctuating interest and investment potential.

LPL Financial LLC grew its position in shares of The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 24.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,503 shares of the company's stock after acquiring an additional 12,804 shares during the quarter. LPL Financial LLC's holdings in Estee Lauder Companies were worth $4,257,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Capital World Investors bought a new position in Estee Lauder Companies during the fourth quarter valued at $554,509,000. Continental Grain Co. bought a new stake in Estee Lauder Companies in the 4th quarter valued at about $29,077,000. Ensign Peak Advisors Inc boosted its position in Estee Lauder Companies by 12.0% during the fourth quarter. Ensign Peak Advisors Inc now owns 3,608,142 shares of the company's stock worth $270,538,000 after purchasing an additional 385,677 shares during the period. Northern Trust Corp increased its stake in shares of Estee Lauder Companies by 13.7% in the fourth quarter. Northern Trust Corp now owns 2,365,560 shares of the company's stock worth $177,370,000 after purchasing an additional 285,272 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI bought a new stake in shares of Estee Lauder Companies in the fourth quarter valued at approximately $21,222,000. 55.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on EL shares. Barclays raised their price target on shares of Estee Lauder Companies from $63.00 to $84.00 and gave the company an "equal weight" rating in a report on Tuesday, July 15th. Bank of America assumed coverage on Estee Lauder Companies in a report on Thursday, July 10th. They set a "buy" rating and a $110.00 price target for the company. Piper Sandler reaffirmed an "overweight" rating and issued a $75.00 price objective (down previously from $92.00) on shares of Estee Lauder Companies in a report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft boosted their target price on Estee Lauder Companies from $95.00 to $98.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, B. Riley reiterated a "neutral" rating and set a $60.00 price target (down from $70.00) on shares of Estee Lauder Companies in a report on Friday, May 2nd. Thirteen equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $86.95.

Estee Lauder Companies Stock Performance

Shares of EL stock traded up $0.32 during trading on Monday, reaching $91.29. The company had a trading volume of 2,699,082 shares, compared to its average volume of 4,108,255. The company has a market capitalization of $32.84 billion, a PE ratio of -37.76, a PEG ratio of 6.49 and a beta of 1.18. 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 firm's 50 day simple moving average is $84.79 and its two-hundred day simple moving average is $71.79. The Estee Lauder Companies Inc. has a one year low of $48.37 and a one year high of $103.44.

Estee Lauder Companies Company 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.